Published on 22 Feb 2024 on GuruFocus.com via Yahoo Finance
Physicians Realty Trust (DOC) Reports Mixed Q4 Results Amid Merger Developments
Revenue: Fourth quarter revenue increased by 2.2% year-over-year to $135.5 million.Net Income: Net income decreased by 40.1% to $7.1 million for the quarter ended December 31, 2023.Normalized FFO: Normalized Funds From Operations per share stood at $0.26 on a fully diluted basis.Investments: Completed $47.4 million in investments, including funding of previous loan commitments.Dividend: Declared a quarterly dividend of $0.23 per share and OP Unit for Q4 2023.Merger Update: Shareholders approved the all-stock merger with Healthpeak Properties, expected to close around March 1, 2024.Portfolio Health: Outpatient Medical Same-Store Cash NOI grew by 1.0% year-over-year.
Warning! GuruFocus has detected 5 Warning Signs with DOC.
On February 21, 2024, Physicians Realty Trust (NYSE:DOC) released its 8-K filing, announcing its financial results for the fourth quarter and year ended December 31, 2023. The company, a self-managed healthcare real estate investment trust, is known for acquiring, developing, and leasing healthcare properties to physicians, hospitals, and healthcare delivery systems. Its portfolio includes medical office buildings, outpatient treatment and diagnostic facilities, and other healthcare-related facilities.