| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Revenues: | ||||||
Rental revenues | ||||||
303,264 | 313,006 | 259,673 | 186,301 | 103,974 | 46,397 | 13,565 |
Expense recoveries | ||||||
101,115 | 97,989 | 75,425 | 45,875 | 21,587 | 5,871 | 3,234 |
Interest income on real estate loans and other | ||||||
10,902 | 11,556 | 8,486 | 8,858 | 3,880 | 1,066 | 246 |
Total revenues | ||||||
415,281 | 422,551 | 343,584 | 241,034 | 129,441 | 53,334 | 17,045 |
Expenses: | ||||||
Interest expense | ||||||
65,022 | 66,183 | 47,008 | 23,864 | 10,636 | 6,907 | 4,295 |
General and administrative | ||||||
33,099 | 28,816 | 22,957 | 18,397 | 14,908 | 11,440 | 3,214 |
Operating expenses | ||||||
124,819 | 122,620 | 97,035 | 65,999 | 31,026 | 10,154 | 4,650 |
Depreciation and amortization | ||||||
146,436 | 158,389 | 125,159 | 86,589 | 45,471 | 16,731 | 5,107 |
Acquisition expenses | ||||||
0 | 0 | 16,744 | 14,778 | 14,893 | 10,897 | 1,938 |
Management fees | ||||||
- | - | - | - | - | - | 475 |
Impairment loss | ||||||
0 | 0 | 965 | 0 | 0 | 1,750 | 0 |
Total expenses | ||||||
369,376 | 376,008 | 309,868 | 209,627 | 116,934 | 57,879 | 19,679 |
Income before equity in (loss) income of unconsolidated entities: | ||||||
45,905 | 46,543 | 33,716 | 31,407 | 12,507 | -4,545 | -2,634 |
Equity in (loss) income of unconsolidated entities | ||||||
-28 | 114 | 183 | 115 | 104 | 95 | 0 |
Gain on sale of investment properties, net | ||||||
31,309 | 11,664 | 5,874 | 0 | 130 | 32 | -2 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
77,186 | 58,321 | 39,773 | 31,522 | 12,741 | -4,418 | -2,636 |
Net income attributable to noncontrolling interests: | ||||||
Predecessor | ||||||
- | - | - | - | - | - | -576 |
Operating Partnership | ||||||
2,155 | 1,576 | 1,136 | 825 | 576 | -695 | -470 |
Noncontrolling Interest in Net Income Loss Partially Owned Properties Nonredeemable | ||||||
548 | 515 | 491 | 716 | 377 | 314 | 71 |
Net income attributable to controlling interest | ||||||
74,483 | 56,230 | 38,146 | 29,981 | 11,788 | -4,037 | -1,661 |
Preferred distributions | ||||||
1,209 | 1,340 | 731 | 1,857 | 1,189 | 0 | 0 |
Net income attributable to common shareholders | ||||||
73,274 | 54,890 | 37,415 | 28,124 | 10,599 | -4,037 | -1,661 |
Net income per share: | ||||||
Earnings Per Share, Basic | ||||||
0.39 | 0.30 | 0.23 | 0.22 | 0.15 | -0.12 | -0.13 |
Earnings Per Share, Diluted | ||||||
0.39 | 0.30 | 0.23 | 0.22 | 0.15 | -0.12 | -0.13 |
Earnings per unit: | ||||||
Earnings per unit - basic (in dollars per share) | ||||||
- | - | - | - | - | -0.12 | - |
Earnings per unit - diluted (in dollars per share) | ||||||
- | - | - | - | - | -0.12 | - |
Weighted average common shares: | ||||||
Weighted Average Number of Shares Outstanding, Basic | ||||||
185,770 | 182,064 | 163,123 | 126,143 | 72,750 | 33,063 | 12,883 |
Weighted Average Number of Shares Outstanding, Diluted | ||||||
191,626 | 187,526 | 168,231 | 130,466 | 76,792 | 33,063 | 12,883 |
Weighted Average Limited Partnership Units Outstanding, Basic | ||||||
- | - | - | - | - | 36,881 | - |
Weighted Average Limited Partnership Units Outstanding, Diluted | ||||||
- | - | - | - | - | 36,881 | - |
Dividends and distributions declared per common share and OP Unit (in dollars per share) | ||||||
0.92 | 0.92 | 0.91 | 0.90 | 0.90 | 0.90 | 0.41 |
Net income (loss) attributable to redeemable noncontrolling interest | ||||||
- | - | - | - | 0 | - | - |
Operating Partnership | ||||||
Rental revenues | ||||||
303,264 | 313,006 | 259,673 | 186,301 | - | - | - |
Expense recoveries | ||||||
101,115 | 97,989 | 75,425 | 45,875 | - | - | - |
Interest income on real estate loans and other | ||||||
10,902 | 11,556 | 8,486 | 8,858 | - | - | - |
Total revenues | ||||||
415,281 | 422,551 | 343,584 | 241,034 | - | - | - |
Interest expense | ||||||
65,022 | 66,183 | 47,008 | 23,864 | - | - | - |
General and administrative | ||||||
33,099 | 28,816 | 22,957 | 18,397 | - | - | - |
Operating expenses | ||||||
124,819 | 122,620 | 97,035 | 65,999 | - | - | - |
Depreciation and amortization | ||||||
146,436 | 158,389 | 125,159 | 86,589 | - | - | - |
Total expenses | ||||||
369,376 | 376,008 | 309,868 | 209,627 | - | - | - |
Income before equity in (loss) income of unconsolidated entities: | ||||||
45,905 | 46,543 | 33,716 | 31,407 | - | - | - |
Equity in (loss) income of unconsolidated entities | ||||||
-28 | 114 | 183 | 115 | - | - | - |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
77,186 | 58,321 | 39,773 | 31,522 | - | - | - |
Noncontrolling Interest in Net Income Loss Partially Owned Properties Nonredeemable | ||||||
548 | 515 | 491 | 716 | - | - | - |
Net income attributable to controlling interest | ||||||
76,638 | 57,806 | 39,282 | 30,806 | - | - | - |
Preferred distributions | ||||||
1,209 | 1,340 | 731 | 1,857 | - | - | - |
Net income attributable to common shareholders | ||||||
75,429 | 56,466 | 38,551 | 28,949 | - | - | - |
Earnings per unit - basic (in dollars per share) | ||||||
0.39 | 0.30 | 0.23 | 0.22 | - | - | - |
Earnings per unit - diluted (in dollars per share) | ||||||
0.39 | 0.30 | 0.23 | 0.22 | - | - | - |
Weighted Average Limited Partnership Units Outstanding, Basic | ||||||
191,236 | 187,393 | 167,963 | 129,835 | - | - | - |
Weighted Average Limited Partnership Units Outstanding, Diluted | ||||||
191,626 | 187,526 | 168,231 | 130,466 | - | - | - |
Distributions declared per common unit (dollars per share) | ||||||
0.92 | 0.92 | 0.91 | 0.90 | - | - | - |
Physicians Realty L P [Member] | ||||||
Acquisition expenses | ||||||
0 | 0 | 16,744 | 14,778 | - | - | - |
Impairment loss | ||||||
0 | 0 | 965 | 0 | - | - | - |
Gain on sale of investment properties, net | ||||||
31,309 | 11,664 | 5,874 | 0 | - | - | - |