Physicians Realty Trust: 4Q Earnings Snapshot

MILWAUKEE (AP) _ Physicians Realty Trust (DOC) on Thursday reported a key measure of profitability in its fourth quarter. The results matched Wall Street expectations.

The Milwaukee-based real estate investment trust said it had funds from operations of $56.7 million, or 26 cents per share, in the period.

The average estimate of 10 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 $17.7 million, or 8 cents per share.

The health care real estate investment trust posted revenue of $111.4 million in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $109.7 million.

For the year, the company reported funds from operations of $221 million, or $1.05 per share. Revenue was reported as $437.5 million.

The company's shares have dropped 1% since the beginning of the year. The stock has declined 15% in the last 12 months.

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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