MILWAUKEE - Physicians Realty Trust
reported Friday that its revenue during the second
quarter more than doubled for a total of $29.7 million.
The revenue for the self-managed health care real
estate investment trust for the second quarter of 2014
was $11.4 million.
“We continued to execute our growth
strategy during the second quarter by adding 14 high
quality health care investments to our portfolio with an
aggregate value of $157 million,” said John T. Thomas,
president and chief executive officer of the Trust, in a
Total revenue for the second quarter was
$29.7 million compared to $11.4 million in the second
quarter of 2014, an increase of 159 percent, according
to Friday’s announcement.
“We are excited about our growth
trajectory and our team’s execution and ability to
source premium health care providers and their
facilities,” Thomas said.
The company’s portfolio increased to 122
properties totaling 4,454,640 square feet during the
second quarter and as of June 30, the portfolio was 94.6
Total expenses for the second quarter of
2015 were $26.4 million, compared to $12.1 million in
the second quarter of 2014, or an increase of 119
percent, according to the announcement, which was the
result of a $6.6 million increase in depreciation and
amortization, a $5.1 million increase in operating
expenses, a $1.6 million increase in general and
administrative expenses, a $0.5 million increase in
interest expenses, and a $0.5 million increase in
acquisition related expenses.