Physicians Realty Trust 4Q Revenue Up 90%

Physicians Realty Trust, a self-managed healthcare real estate company, has announced its 2013 fourth quarter financial results.

The company reported $6.4 million in total fourth quarter revenue, up 90 percent year-over-year. Physicians Realty Trust also reported $5.6 million in rental revenue for the fourth quarter, a 131.5 percent year-over-year increase. Total revenue for the year ended Dec. 31, 2013, were $16.8 million, up 29.8 percent from $3.9 million in 2012.

Total expenses for the fourth quarter were $5.9 million, up 56.8 percent from $2.2 million in the fourth quarter of 2012.

In January, the company completed a $6.9 million mezzanine loan to affiliates of MedProperties Holdings. In February, the company closed the acquisition of a 46,000-square-foot surgical hospital in San Antonio.

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