Physicians Realty Trust: 1Q Earnings Snapshot

Associated Press

May 2, 2019

MILWAUKEE — Physicians Realty Trust (DOC) on Wednesday reported a key measure of profitability in its first quarter. The results missed Wall Street expectations.

The Milwaukee-based real estate investment trust said it had funds from operations of $47.4 million, or 25 cents per share, in the period.

The company said it had net income of $10.8 million, or 6 cents per share.

The health care real estate investment trust posted revenue of $105.4 million in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $104 million.

The company’s shares have climbed 13% since the beginning of the year.