Physicians Realty Trust shares were up about 1% pre-market after it reported Q4 results that beat the Street view. Physicians Realty Trust reported Q4 FFO of $0.22 and revenue of $19.7 million, up from 204% the year prior. The Street expected earnings of $0.21 per share on revenue of $18.8 million, according to Capital IQ estimates.
“We continued to execute our growth strategy during the fourth quarter by adding 24 high quality healthcare facilities to our portfolio with an aggregate value of $104.8 million, and we have further improved the quality and quantity of our investments during the first two months of 2015, with $172.0 million of investments so far this year,” said CEO John Thomas in a statement. “Including these newly acquired facilities, we have grown our portfolio from $124 million in gross real estate assets at our IPO just over 18 months ago to over $990 million today.”
The company said it expects to acquire between $500 million to $700 million of real estate during 2015. This guidance is inclusive of any previously announced acquisitions, including those detailed in the “Recent Events” portion of this press release. DOC trades in a 52-week range of $12.39 to $18.12.