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Physicians Realty Trust -5%; tenant issues, acquisitions, capital raise all in the news

Published 06/29/2017, 12:05 PM
© Reuters.  Physicians Realty Trust -5%; tenant issues, acquisitions, capital raise all in the news
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  • The tenant of the 162K square foot Kennewick medical office building has stopped paying rent, and future payments aren't looking good. All told, it's expected to cost DOC $0.02 per share of normalized FFO in Q2.
  • In addition, the timing of the capital raises and putting that money to work is expected to cut $0.03 from normalized FFO in Q2.
  • The company has also inked another $735M of deals, including the Baylor Charles A. Sammons Cancer Center.
  • DOC also sold 20M shares overnight at a price of $20.40 each. The underwriters have an option to buy another 3M shares at that price.
  • The stock's lower by 5.05% to $20.30.
  • Now read: 100 High-Yield Stocks Down Big This Week: These 10 Are Worth Considering


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