MILWAUKEE Physicians Realty
Trust Inc., Milwaukee, on Thursday said that the company was
able to narrow its loss during the fourth quarter.
Physicans Realty, which is a real estate investment firm that
owns medical facilities throughout the nation, said it had a
loss of of $638,000, or 4 cents a share, compared to a loss of
$1.21 million, or 13 cents, a year earlier.
Revenue increased 90 percent to $6.45 million from $3.39
million, the company said. Rental revenues for the three months
ended Dec. 31 were $5.6 million, an increase of 131.5 percent
from the same period in 2012.
For the full year, rental revenues were $13.6 million, an
increase of 38.1 percent from 2012.
2013 was a monumental year for Physicians Realty Trust, said
John Thomas, president and CEO. Most notably, we entered the
markets as a public company through our July IPO.
We executed a successful follow-on offering in December that
provided additional capital for us to pursue our pipeline of
acquisitions that further grow and strengthen our revenue
stream, he added.