The Discounted Cash Flow (DCF) valuation of Physicians Realty Trust (DOC) is 10.74 USD. With the latest stock price at 17.31 USD, the upside of Physicians Realty Trust based on DCF is -38%.

Is DOC a buy or a sell?

Based on the latest price of 17.31 USD and our DCF valuation, Physicians Realty Trust (DOC) is a sell. Selling DOC stocks now will result in a potential gain of 38%.

	Range	Selected
WACC / Discount Rate	5.0% - 7.2%	6.1%
Long-term Growth Rate	3.0% - 4.8%	3.9%
Fair Price	(0.39) - 196.57	10.74
Upside	-102.2% - 1035.6%	-38.0%

17.31 USD

Stock Price

10.74 USD

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

DOC DCF Valuation: Revenue & Expenses Forecast

(USD in millions)		Projections

	12-2024	12-2025	12-2026	12-2027	12-2028	12-2029

Revenue	2,700	3,114	3,448	3,703	3,957	4,339
% Growth	24%	15%	11%	7%	7%	10%

Cost of goods sold	(951)	(1,042)	(1,096)	(1,118)	(1,135)	(1,182)
% of Revenue	35%	33%	32%	30%	29%	27%

Selling, G&A expenses	(106)	(122)	(136)	(146)	(156)	(171)
% of Revenue	4%	4%	4%	4%	4%	4%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	(1,370)	(1,580)	(1,750)	(1,879)	(2,008)	(2,202)
% of Revenue	51%	51%	51%	51%	51%	51%

Tax expense	(4)	(10)	(12)	(14)	(17)	(20)
Tax rate	2%	3%	3%	3%	3%	3%

Net profit	269	360	455	546	642	764
% Margin	10%	12%	13%	15%	16%	18%