Healthpeak Properties, Inc. (DOC) reported first-quarter 2024 funds from operations (FFO) as adjusted per share of 45 cents, beating the Zacks Consensus Estimate by a penny. The reported figure rose 7.1% from the prior-year quarter.Results reflect better-than-anticipated revenues. Moreover, growth in total merger-combined same-store cash (adjusted) net operating income (NOI) was witnessed across the portfolio. The company also revised its 2024 outlook.The healthcare real estate investment trust (REIT) gener ...

Operator James Kammert Right. I'm sorry, it was clear, but I meant like on asset brand new space, landlords being required to put in $250 type of allowance and stuff to make the deal happen? Or am I mistaken? Yes. So for new development, that's true. I was speaking more to renewal and re-leasing spreads. But for new development, certainly, there's an expectation of turnkey or closer to it, which we've been talking about for the last year or so that we're actually having more success in the current environme ...

Healthpeak Properties, Inc. (DOC) is slated to report first-quarter 2024 results on Apr 25 after market close. The quarterly results are expected to reflect year-over-year growth in revenues and funds from operations (FFO) per share.In the last reported quarter, this healthcare real estate investment trust (REIT) posted an FFO as adjusted per share of 46 cents, beating the Zacks Consensus Estimate by 2.22%. Results reflected better-than-anticipated revenues. Moreover, growth in same-store portfolio cash (ad ...

Healthpeak (DOC) is well-poised to benefit from its diversified and top-quality healthcare real estate assets in the high barrier-to-entry markets of the United States. Solid demand for lab assets is likely to drive its lab portfolio’s growth. Its continuing care retirement community (CCRC) portfolio is poised to gain from the rise in senior citizens’ healthcare expenditure. However, competition from industry players and a high interest rate environment add to its woes.What’s Aiding It?The increasing life e ...

DENVER--(BUSINESS WIRE)--Healthpeak Properties, Inc. (NYSE: PEAK) (“Healthpeak”) today announced that, in connection with its and Healthpeak OP, LLC’s (“Healthpeak OP”) previously announced consent solicitation and offers to guarantee for Physicians Realty L.P. (a consolidated subsidiary of Physicians Realty Trust (NYSE: DOC) (“Physicians Realty Trust” or “DOC”)) senior notes related to Healthpeak’s agreement to merge with Physicians Realty Trust (the “Merger”), it has received the required consents from th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-36007 PHYSICIANS REALTY TRUST (Exact Name of Registrant as Specified in Its Charter) Maryland 46-2519850 (State or Other Jurisdiction of Incorpora ...

Physicians Realty Trust (DOC) reported $135.47 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.2%. EPS of $0.26 for the same period compares to $0.05 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $137.99 million, representing a surprise of -1.82%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.26.While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...

Physicians Realty Trust (DOC) came out with quarterly funds from operations (FFO) of $0.26 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.26 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this health care real estate investment trust would post FFO of $0.25 per share when it actually produced FFO of $0.25, delivering no surprise.Over the last four quarters, the company has not been able to surpass consensus FFO e ...

DENVER & MILWAUKEE--(BUSINESS WIRE)--Healthpeak Properties, Inc. (NYSE: PEAK) (“Healthpeak”) and Physicians Realty Trust (NYSE: DOC) (“Physicians Realty Trust”) today announced that Healthpeak stockholders and Physicians Realty Trust shareholders have voted to approve the proposals necessary for the closing of the proposed merger at their respective special meetings held virtually today, February 21, 2024. The transaction is expected to close on or about March 1, 2024, subject to the satisfaction or waiver ...

Financial Performance - Total revenue for Q4 2023 was $135.5 million, an increase of 2.2% from Q4 2022[3] - Net income for Q4 2023 was $7.1 million, a decrease of 40.1% compared to Q4 2022, with diluted earnings per share of $0.03[4] - Normalized Funds From Operations (FFO) for Q4 2023 was $64.1 million, or $0.26 per share on a fully diluted basis[6] - Total revenues for Q4 2023 were $135.472 million, a 2.9% increase from $132.565 million in Q4 2022[23] - Net income for Q4 2023 was $7.122 million, down 40.1% from $11.881 million in Q4 2022[23] - Rental and related revenues for the year ended December 31, 2023, were $528.093 million, compared to $515.373 million in 2022, reflecting a 2.5% increase[23] - Basic earnings per share for Q4 2023 were $0.03, down from $0.05 in Q4 2022[29] - Total revenue for the year ended December 31, 2023, was $43.767 million, down from $110.036 million in 2022, representing a decline of 60.2%[30] Investments and Expenses - The company completed $47.4 million in investments during Q4 2023, including funding of previous loan commitments[4] - The company recorded merger and transaction-related expenses of $6.9 million in 2023 related to the proposed merger with Healthpeak[23] - General and administrative expenses decreased to $7.623 million in Q4 2023 from $9.809 million in Q4 2022, a reduction of 22.3%[30] - Merger and transaction-related expenses amounted to $6.934 million in 2023, primarily due to the proposed merger with Healthpeak[30] Portfolio and Leasing - The consolidated portfolio was approximately 94.3% leased as of December 31, 2023[3] - The weighted average leasing spread for the year ended 2023 was 4.2% with a 74% retention rate[4] - Outpatient Medical Same-Store Cash Net Operating Income growth was 1.0% year-over-year for Q4 2023[8] - Outpatient Medical Same-Store Cash NOI for Q4 2023 was $84.555 million, up from $83.734 million in Q4 2022, an increase of 1.0%[30] Cash and Assets - Total assets as of December 31, 2023, were $5.156 billion, compared to $5.097 billion as of December 31, 2022, representing a 1.2% increase[27] - Total liabilities increased to $2.266 billion in 2023 from $2.100 billion in 2022, a rise of 7.9%[27] - Cash and cash equivalents increased significantly to $156.779 million in 2023 from $7.730 million in 2022[27] Earnings and Dividends - A quarterly dividend of $0.23 per share was declared for Q4 2023, paid on January 18, 2024[13] - The company declared dividends of $0.23 per common share for both Q4 2023 and Q4 2022[29] Other Financial Metrics - EBITDAre for Q4 2023 was $77.164 million, down from $82.958 million in Q4 2022, reflecting a decrease of 7.0%[32] - Adjusted EBITDAre increased to $89.984 million in Q4 2023 from $87.914 million in Q4 2022, an increase of 2.4%[32] - Cash NOI for the year was $371.506 million, compared to $367.248 million in 2022, showing a growth of 1.0%[30] - Interest expense rose to $21.514 million in Q4 2023, compared to $19.878 million in Q4 2022, an increase of 8.2%[32] - The company recorded a non-cash share compensation expense of $3.386 million in Q4 2023, slightly up from $3.272 million in Q4 2022[32] Mergers and Acquisitions - The company announced an all-stock merger with Healthpeak Properties, expected to close on or about March 1, 2024[2]