Real Estate
REIT - Healthcare Facilities
$14.28B
104
Key insights and themes extracted from this filing
Net income applicable to common shares decreased by $17.1 million YoY to $152.3 million for the six months ended June 30, 2024. This decrease was primarily due to transaction and merger-related costs and increased depreciation from acquired assets.
Total revenues increased by $230.9 million YoY to $1,302.1 million for the six months ended June 30, 2024. This increase is primarily attributed to the merger with Physicians Realty Trust, which expanded the company's portfolio.
Adjusted NOI increased by $112.2 million YoY to $590.9 million for the six months ended June 30, 2024. This increase reflects improved operational performance, driven by the acquired assets and the existing portfolio.