Physicians Realty Trust (DOC) has reported a 29.75 percent rise in profit for the quarter ended Mar. 31, 2017. The company has earned $6.40 million, or $0.04 a share in the quarter, compared with $4.93 million, or $0.04 a share for the same period last year.     

Revenue from real estate activities during the quarter surged 73.71 percent or $32.53 million to $76.67 million.

Cost of revenue surged 100.14 percent or $11.05 million during the quarter to $22.09 million. Gross margin for the quarter contracted 380 basis points over the previous year period to 71.19 percent.

Total expenses were $69.98 million for the quarter, up 80.63 percent or $31.24 million from year-ago period. Operating margin for the quarter contracted 349 basis points over the previous year period to 8.72 percent.

Operating income for the quarter was $6.69 million, compared with $5.39 million in the previous year period.

Income from operating leases during the quarter surged 69.54 percent or $24.24 million to $59.09 million. Revenue from tenant reimbursements was $16.35 million for the quarter, up 106.93 percent or $8.45 million from year-ago period.

Revenue from other real estate activities during the quarter was $1.22 million, down 11.34 percent or $0.16 million from year-ago period.

"We are very pleased to share our results for the first quarter of 2017 with you. Our continued disciplined growth serves to enhance our operational scale and platform, as evidenced by our outstanding operating results and more than 96% portfolio occupancy, among the best in the healthcare REIT industry," said John T. Thomas, president and chief executive officer of Physicians Realty Trust. “We believe this high occupancy not only provides our shareholders with reliable dividend income and strong earnings growth potential, but also benefits the health system and provider clients who trust us with their facilities. Our ability to attract and lease space to additional physicians within these facilities furthers the health systems’ clinical and business interests, while increasing access to care for everyone," added Mr. Thomas.

Net receivables stood at $6.88 million as on Mar. 31, 2017. Accounts payable stood at $3.13 million as on Mar. 31, 2017.

Investments stood at $40.26 million as on Mar. 31, 2017.

Total assets jumped 72.69 percent or $1,345.50 million to $3,196.39 million on Mar. 31, 2017. On the other hand, total liabilities were at $1,091.93 million as on Mar. 31, 2017, up 146.56 percent or $649.06 million from year-ago.

Return on assets moved down 8 basis points to 0.21 percent in the quarter. At the same time, return on equity moved down 2 basis points to 0.30 percent in the quarter.

Total debt was at $1,006.68 million as on Mar. 31, 2017. Shareholders equity stood at $2,092.53 million as on Mar. 31, 2017, up 51.53 percent or $711.58 million from year-ago. Meanwhile, debt to equity ratio was at 0.48 percent in the quarter.