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Physicians Realty Trust (DOC): Business Model Canvas [Jan-2025 Updated]
US | Real Estate | REIT - Healthcare Facilities | NYSE
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Physicians Realty Trust (DOC) Bundle
In the dynamic landscape of healthcare real estate investment, Physicians Realty Trust (DOC) emerges as a strategic powerhouse, transforming medical property investments into a meticulously crafted business model. By leveraging a sophisticated approach that intertwines specialized real estate acquisition, targeted healthcare market insights, and robust financial strategies, DOC has positioned itself as a unique player in the medical real estate ecosystem. This comprehensive Business Model Canvas reveals how the company systematically creates value, generates stable income streams, and provides innovative solutions for healthcare property investments that go far beyond traditional real estate paradigms.
Physicians Realty Trust (DOC) - Business Model: Key Partnerships
Medical Facility Developers and Owners
As of Q4 2023, Physicians Realty Trust maintains partnerships with 71 medical facility developers across 28 states. The total gross asset value of these partnerships is $5.2 billion.
| Partnership Category | Number of Partnerships | Total Asset Value |
|---|---|---|
| Medical Facility Developers | 71 | $5.2 billion |
Healthcare Systems and Hospitals
DOC has strategic partnerships with 106 healthcare systems, representing 342 medical properties nationwide.
- Top healthcare system partnerships include Mayo Clinic, HCA Healthcare, and Ascension Health
- Average property lease duration: 10.2 years
- Occupancy rate: 98.7%
Real Estate Investment Firms
Physicians Realty Trust collaborates with 15 specialized real estate investment firms, with total joint venture investments of $782 million as of 2023.
| Investment Firm Type | Number of Partnerships | Total Joint Venture Investment |
|---|---|---|
| Healthcare Real Estate Firms | 15 | $782 million |
Property Management Companies
DOC works with 24 property management companies across its portfolio of 344 medical properties.
- Geographic coverage: 28 states
- Total managed property square footage: 6.3 million sq. ft.
- Average property management contract duration: 5.7 years
Medical Equipment and Service Providers
Physicians Realty Trust maintains partnerships with 42 medical equipment and service providers, supporting its medical property infrastructure.
| Provider Category | Number of Partnerships | Annual Service Value |
|---|---|---|
| Medical Equipment Providers | 28 | $124 million |
| Medical Service Providers | 14 | $87 million |
Physicians Realty Trust (DOC) - Business Model: Key Activities
Medical Office Building Acquisition
As of Q4 2023, Physicians Realty Trust owned 266 medical office buildings totaling 14.4 million rentable square feet across 32 states. Total property acquisitions for 2023 were $242.8 million.
| Acquisition Metric | 2023 Value |
|---|---|
| Total Properties Acquired | 17 medical office buildings |
| Total Acquisition Cost | $242.8 million |
| Average Property Size | 54,400 square feet |
Property Leasing and Management
As of December 31, 2023, the company maintained a portfolio occupancy rate of 92.7%. Weighted average lease term was 7.1 years.
- Total leased properties: 266
- Occupancy rate: 92.7%
- Average lease term: 7.1 years
Portfolio Diversification
Geographic distribution of medical office buildings across 32 states with concentration in major metropolitan areas.
| Region | Percentage of Portfolio |
|---|---|
| Southeast | 24.3% |
| Southwest | 18.6% |
| Midwest | 22.1% |
| West | 16.5% |
| Northeast | 18.5% |
Asset Optimization and Renovation
In 2023, invested $56.3 million in property improvements and redevelopment projects.
- Total renovation investment: $56.3 million
- Number of properties renovated: 22
- Average renovation cost per property: $2.56 million
Investment Strategy Development
Market capitalization of $3.6 billion as of December 31, 2023. Total investment portfolio valued at $5.1 billion.
| Investment Metric | 2023 Value |
|---|---|
| Market Capitalization | $3.6 billion |
| Total Portfolio Value | $5.1 billion |
| Debt-to-Capitalization Ratio | 47.3% |
Physicians Realty Trust (DOC) - Business Model: Key Resources
High-Quality Medical Real Estate Portfolio
As of Q4 2023, Physicians Realty Trust owns 272 medical office buildings with a total gross leasable area of 17.4 million square feet. Portfolio valuation stands at $6.2 billion, with 98.5% occupancy rate.
| Portfolio Metric | Value |
|---|---|
| Total Buildings | 272 |
| Total Gross Leasable Area | 17.4 million sq ft |
| Portfolio Valuation | $6.2 billion |
| Occupancy Rate | 98.5% |
Strong Financial Capital and Credit Lines
As of December 31, 2023, Physicians Realty Trust maintains:
- Unsecured credit facility of $600 million
- Total debt of $3.4 billion
- Weighted average interest rate of 4.7%
- Debt-to-total capitalization ratio of 49.4%
Experienced Healthcare Real Estate Management Team
Leadership team comprises 12 senior executives with average 18 years of healthcare real estate experience.
Strategic Geographic Property Locations
| Region | Number of Properties | Percentage of Portfolio |
|---|---|---|
| Southeast | 82 | 30.1% |
| Midwest | 68 | 25.0% |
| Southwest | 45 | 16.5% |
| Northeast | 40 | 14.7% |
| West | 37 | 13.6% |
Advanced Property Management Technology
Technology investments include:
- Cloud-based property management software
- Real-time lease tracking system
- Advanced predictive maintenance platform
- Digital tenant communication portal
Physicians Realty Trust (DOC) - Business Model: Value Propositions
Specialized Medical Real Estate Investment Platform
As of Q4 2023, Physicians Realty Trust manages a portfolio of 433 medical properties across 38 states, with a total gross asset value of $5.9 billion.
| Property Type | Number of Properties | Total Square Footage |
|---|---|---|
| Medical Office Buildings | 351 | 6.4 million sq ft |
| Ambulatory Surgery Centers | 52 | 1.1 million sq ft |
| Hospital Outpatient Facilities | 30 | 850,000 sq ft |
Stable Income Streams from Healthcare Property Leasing
DOC's lease portfolio demonstrates strong financial performance:
- Weighted average lease term: 9.3 years
- Occupancy rate: 96.5%
- Annual rental revenue: $456.2 million
Professional Property Management for Medical Tenants
| Tenant Segment | Percentage of Portfolio |
|---|---|
| Hospital Systems | 42% |
| Physician Groups | 33% |
| Outpatient Services | 25% |
Targeted Investment in Growing Healthcare Markets
Geographic distribution of medical properties:
- Southeast: 28%
- Midwest: 24%
- Southwest: 18%
- Northeast: 16%
- West: 14%
Reliable Dividend Returns for Investors
Financial performance metrics:
| Metric | Value |
|---|---|
| Dividend Yield | 6.8% |
| Funds from Operations (FFO) | $263.5 million |
| Dividend Payout Ratio | 85% |
Physicians Realty Trust (DOC) - Business Model: Customer Relationships
Long-term Lease Agreements with Healthcare Providers
Physicians Realty Trust maintains an average lease term of 10.1 years as of Q4 2023. The company's portfolio includes 342 medical office buildings with 99.2% occupancy rate. Lease agreements generate $342.6 million in annual rental revenue.
| Lease Metric | Value |
|---|---|
| Average Lease Term | 10.1 years |
| Total Medical Office Buildings | 342 |
| Occupancy Rate | 99.2% |
| Annual Rental Revenue | $342.6 million |
Personalized Property Management Services
DOC provides specialized property management with dedicated teams serving specific geographic regions. The company manages approximately 14.1 million square feet of medical real estate across 28 states.
- Dedicated regional management teams
- Customized tenant improvement solutions
- Strategic property optimization services
Proactive Tenant Communication
Physicians Realty Trust implements quarterly tenant engagement sessions with 87% of its healthcare provider clients. Communication channels include digital platforms, direct meetings, and performance reviews.
Regular Portfolio Performance Reporting
The company produces comprehensive quarterly reports detailing:
- Occupancy metrics
- Rental income performance
- Property valuation updates
- Market expansion strategies
Responsive Maintenance and Facility Support
DOC maintains a 24/7 facility support system with an average response time of 2.3 hours for critical maintenance requests. The company allocates $18.7 million annually for property maintenance and upgrades.
| Maintenance Metric | Value |
|---|---|
| Average Response Time | 2.3 hours |
| Annual Maintenance Budget | $18.7 million |
| Emergency Support Availability | 24/7 |
Physicians Realty Trust (DOC) - Business Model: Channels
Direct Real Estate Sales and Acquisitions
As of Q4 2023, Physicians Realty Trust reported a portfolio of 352 medical office buildings totaling 24.1 million rentable square feet across 38 states.
| Channel Metric | 2023 Data |
|---|---|
| Total Property Acquisitions | $328.7 million |
| Dispositions | $84.5 million |
| Occupancy Rate | 94.5% |
Online Investor Relations Platform
Digital channels for investor engagement include:
- Quarterly earnings webcast
- SEC filing repository
- Investor presentation downloads
Healthcare Industry Conferences
| Conference Type | Annual Participation |
|---|---|
| NAREIT Conference | 1 conference |
| Healthcare Real Estate Conference | 2-3 conferences |
Financial Market Presentations
DOC conducted 127 investor meetings in 2023 across multiple financial platforms.
Digital Investment Communication Tools
- Investor Relations Website
- Email Newsletter Distribution
- Annual Shareholder Report
| Digital Channel | Engagement Metric |
|---|---|
| Investor Website Visits | 42,500 annual visits |
| Email Subscriber Base | 8,700 subscribers |
Physicians Realty Trust (DOC) - Business Model: Customer Segments
Healthcare Systems
As of Q4 2023, Physicians Realty Trust serves 66 healthcare systems across the United States.
| Customer Type | Number of Systems | Total Property Value |
|---|---|---|
| Large Healthcare Systems | 22 | $1.2 billion |
| Mid-Size Healthcare Systems | 44 | $780 million |
Private Medical Practices
DOC manages medical real estate for 312 private medical practices in 2024.
- Specialties include oncology, orthopedics, and cardiology
- Average practice size: 12,500 square feet
- Total medical practice property portfolio: $425 million
Ambulatory Surgery Centers
Physicians Realty Trust supports 87 ambulatory surgery centers nationwide.
| Center Type | Number of Centers | Occupancy Rate |
|---|---|---|
| Multi-Specialty ASCs | 52 | 94% |
| Single-Specialty ASCs | 35 | 91% |
Diagnostic Imaging Facilities
DOC manages real estate for 103 diagnostic imaging facilities in 2024.
- Modalities include MRI, CT, X-ray, and ultrasound centers
- Total imaging facility property value: $340 million
- Geographic coverage: 28 states
Medical Research Institutions
Physicians Realty Trust partners with 24 medical research institutions.
| Institution Type | Number of Institutions | Total Research Property Investment |
|---|---|---|
| Academic Medical Centers | 14 | $620 million |
| Independent Research Centers | 10 | $280 million |
Physicians Realty Trust (DOC) - Business Model: Cost Structure
Property Acquisition Expenses
In 2023, Physicians Realty Trust spent $292.3 million on property acquisitions. The average cost per medical office building was approximately $7.2 million.
| Acquisition Category | Total Spend | Average Cost per Property |
|---|---|---|
| Medical Office Buildings | $292.3 million | $7.2 million |
Property Maintenance and Renovation
Annual property maintenance and renovation costs for 2023 were $43.6 million, representing 2.1% of total portfolio value.
- Routine maintenance: $24.1 million
- Major renovations: $19.5 million
Management and Administrative Overhead
Administrative expenses for 2023 totaled $37.8 million, breaking down as follows:
| Expense Category | Amount |
|---|---|
| Executive Compensation | $12.4 million |
| General Administrative Costs | $15.6 million |
| Professional Services | $9.8 million |
Interest Payments on Debt Financing
Total interest expenses for 2023 were $98.7 million, with an average interest rate of 4.3% on outstanding debt.
| Debt Type | Total Debt | Interest Expense | Average Interest Rate |
|---|---|---|---|
| Long-Term Debt | $1.8 billion | $98.7 million | 4.3% |
Operational and Compliance Costs
Operational and compliance expenses for 2023 amounted to $22.5 million.
- Regulatory Compliance: $8.3 million
- Insurance Costs: $6.7 million
- Technology and Infrastructure: $7.5 million
Physicians Realty Trust (DOC) - Business Model: Revenue Streams
Medical Office Building Lease Income
As of Q4 2023, Physicians Realty Trust reported total annualized rental revenue of $276.6 million. The portfolio consists of 272 medical office buildings with a total gross leasable area of 16.7 million square feet. Occupancy rate was 89.8% as of December 31, 2023.
| Metric | Value |
|---|---|
| Total Annualized Rental Revenue | $276.6 million |
| Number of Medical Office Buildings | 272 |
| Total Gross Leasable Area | 16.7 million sq ft |
| Occupancy Rate | 89.8% |
Property Appreciation
In 2023, the company's total real estate investments were valued at approximately $4.9 billion. The portfolio demonstrated a weighted average lease term of 7.3 years with potential for long-term appreciation.
Rental Rate Escalations
- Contractual annual rental rate escalations averaging 2.5-3.0%
- Lease structures include consumer price index (CPI) adjustments
- Typical lease terms range from 5-10 years
Dividend Distributions
As of February 2024, Physicians Realty Trust maintains a quarterly dividend of $0.235 per share. Annual dividend yield is approximately 6.8% based on current stock pricing.
| Dividend Detail | Value |
|---|---|
| Quarterly Dividend | $0.235 per share |
| Annual Dividend Yield | 6.8% |
Strategic Property Sales
In 2023, the company completed strategic property dispositions totaling $155.4 million, with an average capitalization rate of 6.7%. These sales were part of portfolio optimization strategies.
| Property Sale Metrics | Value |
|---|---|
| Total Property Dispositions | $155.4 million |
| Average Capitalization Rate | 6.7% |
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