Real estate investment trust Physicians Realty Trust grew its revenues to $107.4 million in the fourth quarter of 2019, a 2 percent year-over-year increase.
What you should know:
1. For the full year, Physicians Realty posted $415.3 million in revenues, a 1.7 percent year-over-year decrease.
2. Physicians Realty's net income attributable to shareholders hit $41.1 million, a 74.6 percent increase for the quarter. For the year, the company posted $73.3 million in net income attributable to common shareholders, a 33 percent increase.
3. Physicians Realty Trust has $3.7 billion in building assets.
4. In the quarter, the trust acquired Murdock Surgery Center in Port Charlotte, Fla.
CEO and President John Thomas commented on the results: "Physicians Realty Trust ended 2019 with a healthy portfolio, a strong balance sheet, and a pipeline poised for growth in 2020. This year provided opportunities to showcase the resilience of healthcare real estate, especially outpatient-focused medical office real estate."