Physicians Realty Trust Reports Q4
- Q4 normalized FFO of $38.2M or $0.27 per share vs. $22.7M and $0.26 one year ago. Dividend is $0.225.
- Same-store cash NOI growth of 2.6% Y/Y.
- Q4 investments of $226.5M for 11 healthcare facilities totaling 656K of leasable square footage, increasing company’s total leasable square footage by 6.4%.
- Another $110M has been put to work so far in 2017.
- Company has booked a charge of $3.7M over four assets affiliated with Foundation Healthcare where rent isn’t likely to be collected.
- $800M-$1B of acquisitions are expected to be closed this year.