Physicians Realty Trust Reports Q3 Revenues Exceeding Expectations Despite FFO Miss.

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The company reported Funds From Operations (FFO) of $0.24, which missed estimates by $0.01. Despite missing estimates, the company saw an impressive revenue figure with $134.34M, exceeding expectations by $2.85M. Physicians Realty Trust ($NYSE:DOC) is a self-managed healthcare real estate investment trust that acquires and develops medical office buildings and outpatient healthcare facilities. The trust also provides loans to healthcare systems and other healthcare-related organizations.

Market Price

Despite this revenue beat, PHYSICIANS REALTY TRUST stock opened at $14.4 and closed at $14.4, down by 1.3% from prior closing price of 14.6. This shows that investors did not factor in the positive news about revenue into their decision-making. Though the FFO miss was significant, the revenue beat was a positive sign for the company’s overall financial performance. It remains to be seen if the market will respond positively to this news in the coming days and weeks. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for DOC. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for DOC. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for DOC. More…

Key Ratios Snapshot

Some of the financial key ratios for DOC are shown below. More…

Analysis

Upon analyzing the fundamentals of PHYSICIANS REALTY TRUST, GoodWhale has classified it as a ‘cow’ company, which indicates that it has the track record of paying out consistent and sustainable dividends. Moreover, its asset strength is strong while its dividend, growth, and profitability are all medium. As such, this makes PHYSICIANS REALTY TRUST an attractive investment option for investors seeking steady returns over a long period. Furthermore, PHYSICIANS REALTY TRUST also has an intermediate health score of 4/10 with regard to its cashflows and debt, indicating that it might be able to pay off debt and fund future operations. More…

Peers

The company competes with Healthcare Trust of America Inc, Global Medical REIT Inc, and Healthcare Realty Trust Inc.

– Healthcare Trust of America Inc ($NYSE:GMRE)

Global Medical REIT Inc is a publicly traded real estate investment trust focused on owning and leasing healthcare facilities. The company’s portfolio consists of medical office buildings, outpatient centers, senior housing, and other healthcare-related properties. As of 2022, the company’s market cap was 571.32M.

– Global Medical REIT Inc ($NYSE:HR)

Healthcare Realty Trust Incorporated is a real estate investment trust, which engages in the ownership, management, and development of healthcare properties. It operates through the following segments: Medical Office, On-Campus, In-fill, and Wellness. The company was founded by D. Edward Aldrich Jr. and John W. Heagy in January 1993 and is headquartered in Nashville, TN.

Summary

Analysts remain cautiously optimistic on the stock, as PHYS has demonstrated strong fundamentals over the last year. The real estate investment trust is focused on healthcare properties, providing investors with a unique opportunity to invest in an essential sector of the economy. While the pandemic has caused some disruption in the industry, PHYS has been able to overcome it and continue to deliver positive returns for investors. Going forward, analysts expect PHYS to continue to show strength in its financial performance, making it a solid option for investors looking for exposure to the healthcare sector.