Healthpeak Properties Inc Stock Price, News & Analysis

Physicians Realty Trust (NYSE:DOC) has successfully acquired the Calko Medical Center through a joint venture with MedProperties Realty Advisors. This Class-A facility, located in Brooklyn, New York, spans 85,567 rentable square feet and is 100% leased, anchored by Maimonides Medical Center. The investment boasts a stabilized cash yield of 5.5%. The center provides a range of medical services, including urgent care, orthopedics, and pain management, and features significant tenant involvement, with Maimonides making up 31% of gross lease area.

Physicians Realty Trust reported a second quarter 2022 net income of $0.07 per share and $0.27 Normalized FFO per share, with total revenue rising 17% to $132.2 million. The Trust executed $46.9 million in investments, announced a quarterly dividend of $0.23 per share, and disposed of one property for $6.4 million, realizing a net gain of $3.7 million. A significant sale of three facilities in Great Falls, Montana on July 14 generated $116.3 million with a net gain of $53.9 million. The portfolio was 95% leased, and Same-Store Cash NOI grew 1.9% year-over-year.

Physicians Realty Trust (NYSE:DOC) announced a quarterly cash dividend of $0.23 per common share for the quarter ending June 30, 2022, marking its 36th consecutive quarterly dividend. The Company noted stable cash flows from medical office buildings amid inflation and economic slowdowns, with strong performance from healthcare tenants. The dividend is payable on July 19, 2022, to shareholders of record on July 5, 2022. Additionally, the Company will report its second-quarter results on August 4, 2022, followed by a conference call at 10:00 a.m. ET.

Physicians Realty Trust (DOC) reported a strong first quarter of 2022, achieving $130.4 million in total revenue, a 15.0% increase from last year. Net income per share stood at $0.06, while Normalized FFO was $0.27 per share. The Trust completed a $22.0 million investment for a 49% stake in three properties and declared a quarterly dividend of $0.23 per share. Notably, total expenses rose to $116.1 million, up from $95.1 million year-over-year. The portfolio remained strong with a 95% leasing rate, and the company expects continued growth in response to inflationary pressures.

Physicians Realty Trust (NYSE:DOC) has declared a quarterly cash dividend of $0.23 per common share for the quarter ending March 31, 2022, marking the 35th consecutive quarterly dividend. The dividend will be payable on April 14, 2022. The company plans to release its Q1 2022 financial results on May 4, 2022, before the market opens, followed by a conference call at 10:00 a.m. ET to discuss the results. The company emphasizes disciplined capital allocation and the predictability of cash flows from medical office buildings.

On February 22, 2022, Ava E. Lias-Booker was appointed to the Board of Trustees for Physicians Realty Trust (NYSE:DOC), expanding the Board from eight to nine members. Her appointment is effective March 1, 2022, and she will stand for election at the 2022 annual meeting. Ms. Lias-Booker, a seasoned lawyer with over 30 years of experience, is a partner at McGuireWoods LLP, leading their litigation practice in Baltimore. Her expertise includes complex commercial litigation and she emphasizes diversity and inclusion. The Trust's leadership expressed strong confidence in her contributions.

Physicians Realty Trust (DOC) reported its fourth quarter and full year 2021 results, achieving a net income of $0.12 per share and normalized FFO of $0.26 per share. Total revenue increased to $116.1 million, marking a 4.2% rise year-over-year. The company completed $852.2 million in investments during Q4, including the acquisition of the Landmark Portfolio. The portfolio was 95% leased, with a 2.9% growth in cash NOI. A quarterly dividend of $0.23 per share was declared, while general and administrative expenses guidance for 2022 is between $40 million and $42 million.

Physicians Realty Trust (NYSE:DOC) has declared a quarterly cash dividend of $0.23 per common share, marking its 34th consecutive quarterly dividend. The dividend is set for payment on January 18, 2022, to shareholders on record as of January 4, 2022. The Company’s year-to-date acquisitions have surpassed $1.027 billion, significantly enhancing its portfolio of outpatient medical facilities. The fourth quarter earnings release is scheduled for February 23, 2022, to provide further financial insights.