MILWAUKEE (AP) _ 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 average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 26 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
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. The stock has risen 21% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOC at https://www.zacks.com/ap/DOC