Physicians Realty Trust
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Blend
Company profile

Physicians Realty Trust (the Trust) is a self-managed real estate investment trust. Physicians Realty L.P. is the operating partnership of the Trust. The Trust and its operating partnership are engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Trust’s principal investments include medical office buildings, outpatient treatment facilities, as well as other real estates integral to health care providers. The Trust’s properties are located on a campus with a hospital or other health care facilities. The Trust’s portfolio consists of approximately 263 health care properties located in 31 states with approximately 14,080,739 net leasable square feet. The Trust invests in real estate and provides health care services.

Closing Price
$17.97
Day's Change
0.00 (0.00%)
Bid
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Ask
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B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
1,774,942
0

Booking shares climb higher on more evidence of travel recovery

8:03 am ET November 4, 2021 (MarketWatch)
Print

By Levi Sumagaysay

Giving a peek into how travel has continued to rebound from the effects of the COVID-19 pandemic, Booking Holdings Inc. said Wednesday that its third-quarter revenue more than doubled from the previous quarter and that room nights booked rose 44% year over year.

Shares of Booking (BKNG), whose brands include Booking.com, Kayak and Priceline, rose 4.4% after hours, after falling 0.75% in the regular session to close at $2,435.33.

"We are encouraged by the signs of recovery we saw in many parts of theworld in the third quarter," Chief Executive Glenn Fogel said in a news release.

On the company's earnings call, he and Chief Financial Officer David Goulden cited strength in European travel as a reason for Booking's strong performance in the quarter, though they pointed to rising COVID case counts in some parts of Europe as a reason for their uncertainty about the fourth quarter. Asia was still the least-recovered region, the executives said, though they also said there are some encouraging signs there.

Goulden did not give specifics around a fourth-quarter forecast, but said he expects a "sequential revenue decline" because of continued uncertainty around rising cases and winter travel. He also said that because of pent-up demand, the third quarter was "almost artificially strong," and that "it's all timing and all mechanics, but think of it as a Q4 comparing a Q3 on steroids."

Fogel added: "We reiterate our strong belief that our industry's full recovery will be hastened by everyone getting vaccinated."

The online-travel company reported third-quarter net income of $769 million, or $18.60 a share, compared with $801 million, or $19.49 a share, in the year-ago period. Adjusted earnings were $1.6 billion, or $33.70 a share, adjusted for $1 billion in losses on equity securities and other costs. Revenue rose to $4.7 billion from $2.6 billion in the year-ago quarter.

Analysts surveyed by FactSet had forecast adjusted earnings of $1.3 billion, or $33.01 a share, on revenue of $4.3 billion.

Booking's stock has risen 9% year to date, and is up nearly 42% over the past 52 weeks. The S&P 500 Index has seen a 23% increase so far this year, and is up about 34% over the past year.

-Levi Sumagaysay

	

(END) Dow Jones Newswires

November 04, 2021 08:03 ET (12:03 GMT)

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