Physicians Realty Trust Declares Quarterly Cash Dividend & Announces Date for First Quarter 2017 Earnings Release & Conferenc...
March 17 2017 - 4:02PM
Business Wire
Physicians Realty Trust (NYSE:DOC) (the “Company”) announced
today that the Company’s Board of Trustees has authorized and the
Company has declared a quarterly cash dividend of $0.225 per common
share and unit for the quarter ending March 31, 2017.
“Today we announce the 15th consecutive quarterly dividend to be
paid by Physicians Realty Trust. We have begun 2017 like we
finished last year, with strong growth and investment, in some of
the best medical office facilities we have purchased. Moreover,
during this quarter we had an exceptional response from investors
in our debut $400 million investment grade public bonds as well as
our more than $300 million equity raise. We are now positioned with
our pipeline for another strong year of growth, with a strong
balance sheet, low debt, and tremendous liquidity. Our proprietary
approach to working directly with existing clients and new
healthcare systems and physicians, positions us well to be the
medical office facility platform and owner of choice, allowing us
to continue to enhance the long term quality and stability of our
portfolio. In these times of changing healthcare policy and capital
markets volatility, we believe medical office buildings remain the
most stable, most desirable health care real estate for long term
investment and cash flow, and we continue to have great success
thanks to our clients, partners, and investors. We look forward to
discussing our first quarter 2017 results in May,” said John
T. Thomas, President and Chief Executive Officer.
The dividend will be payable on April 18, 2017, to common
shareholders and unit holders of record on April 5, 2017.
Earnings Release and Conference Call Information
The Company announced it will release its financial results for
the first quarter ended March 31, 2017, before the market opens on
May 3, 2017, and will hold a conference call on this day at 2:00
p.m. ET to discuss the financial results and provide a company
update. The conference call will be hosted by President and Chief
Executive Officer John Thomas, Chief Investment Officer Deeni
Taylor, Chief Financial Officer Jeff Theiler, and Chief Accounting
and Administrative Officer John Lucey.
The conference call can be accessed by dialing (877) 407-0784
from within the U.S. or (201) 689-8560 for international callers.
Participants can reference the Physicians Realty Trust First
Quarter Earnings Call or passcode 13657810. The conference call
also will be available via a live listen-only webcast and can be
accessed through the Investor Relations section of the Company’s
website, www.docreit.com. A replay of the conference call will
be available beginning May 3, 2017 at 5:00 p.m. ET until May 24,
2017 at 11:59 p.m. ET, by dialing (844) 512-2921 (U.S.) or (412)
317-6671 (International); passcode: 13657810. A replay of the
webcast also will be accessible on the Investor Relations website
for one year following the event. Beginning May 3, 2017, the
Company’s supplemental information package for the first quarter
2017 also will be accessible through the Investor Relations section
of the Company’s website under the “Supplemental Information”
tab.
About Physicians Realty Trust
Physicians Realty Trust is a self-managed healthcare real estate
company organized to acquire, selectively develop, own and manage
healthcare properties that are leased to physicians, hospitals and
healthcare delivery systems. The Company invests in real estate
that is integral to providing high quality healthcare. The Company
is a Maryland real estate investment trust and has elected to be
taxed as a REIT for U.S. federal income tax purposes. The Company
conducts its business through an UPREIT structure in which its
properties are owned by the Operating Partnership, directly or
through limited partnerships, limited liability companies or other
subsidiaries.
Forward-Looking Statements
This press release contains statements that are “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”,
and “project” and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. These forward looking statements include any
statements regarding the Company’s strategic and operational plans.
Forward looking statements should not be read as a guarantee of
future performance or results, and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. Forward looking statements are based on
information available at the time those statements are made and/or
management’s good faith belief as of that time with respect to
future events, and are subject to risks and uncertainties that
could cause actual performance or results to differ materially from
those expressed in or suggested by the forward looking statements.
These forward looking statements include any statements regarding
the Company’s strategic and operational plans. These
forward-looking statements are subject to various risks and
uncertainties, not all of which are known to the Company and many
of which are beyond the Company’s control, which could cause actual
results to differ materially from such statements. These risks and
uncertainties are described in greater detail in the Company’s
filings with the Commission, including, without limitation, the
Company’s annual and periodic reports and other documents filed
with the Commission. Unless legally required, the Company disclaims
any obligation to update any forward-looking statements, whether as
a result of new information, future events or otherwise. Completion
of the offering on the terms described, and the application of net
proceeds, are subject to numerous conditions, many of which are
beyond the control of the Company, including, without limitation,
general economic conditions, market conditions and other factors,
including those factors discussed in the preliminary prospectus
supplement and accompanying prospectus and in the Company’s annual
and periodic reports and other documents filed with the Commission,
copies of which are available on the Commission’s website,
www.sec.gov. The Company undertakes no obligation to update these
statements after the date of this release.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170317005624/en/
Physicians Realty TrustJohn T. Thomas, 214-549-6611President and
CEOjtt@docreit.comorJeffrey N. Theiler, 414-367-5610Executive Vice
President and CFOjnt@docreit.com
Healthpeak Properties (NYSE:DOC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Healthpeak Properties (NYSE:DOC)
Historical Stock Chart
From Apr 2023 to Apr 2024