Physicians Realty Trust Declares Quarterly Cash Dividend & Announces Date for Fourth Quarter & Year End 2016 Earnings Release...
23 December 2016 - 8:01AM
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 for the quarter ending December 31, 2016.
“Today we announce the 14th consecutive quarterly dividend to be
paid by Physicians Realty Trust. We have had a record year of
growth, and have transformed our company in many ways for the
benefit of our shareholders, while also enhancing the level of
service provided to our tenants. We continue to enjoy what we
believe to be industry leading occupancy with the highest quality
physicians and health systems. As we head in to a new year, we
remain well positioned with our balance sheet, provider
relationships, and operating platform to continue our high growth
in response to the needs of a U.S. healthcare economy that is
expected to grow by roughly 6% per year over the next decade. We
believe our ability to work cooperatively with physicians and
health systems, as they strive to meet that demand, will serve them
and our shareholders well for years to come. We look forward to
discussing our fourth quarter 2016 results in February,”
said John T. Thomas, President and Chief Executive
Officer.
The dividend will be payable on January 18, 2017, to common
shareholders and unit holders of record on January 5, 2017.
Earnings Release and Conference Call Information
The Company announced it will release its financial results for
the fourth quarter and full year ended December 31, 2016, before
the market opens on February 24, 2017, and will hold a conference
call on this day at 10:00 a.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 Fourth
Quarter Earnings Call or passcode 13651740. 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 February 24, 2017 at 1:00 p.m. ET until
March 17, 2017 at 11:59 p.m. ET, by dialing (844) 512-2921 (U.S.)
or (412) 317-6671 (International); passcode: 13651740. A replay of
the webcast also will be accessible on the Investor Relations
website for one year following the event. After March 17, 2017, the
Company’s supplemental information package for the fourth quarter
2016 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
conducts its business through an UPREIT structure in which its
properties are owned by Physicians Realty L.P., a Delaware limited
partnership (the “operating partnership”), directly or through
limited partnerships, limited liability companies or other
subsidiaries. The Company is the sole general partner of the
operating partnership and, as of September 30, 2016, owned
approximately 97.4% of the partnership interests in our operating
partnership (“OP Units”).
Investors are encouraged to visit the Investor Relations portion
of the Company’s website (www.docreit.com) for additional
information, including annual reports on Form 10-K, quarterly
reports on Form 10-Q, current reports on Form 8-K and amendments to
those reports filed or furnished pursuant to Section 13(a) or 15(d)
of the Securities Exchange Act of 1934, as amended, press releases,
supplemental information packages and investor presentations.
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 may include
statements regarding the Company’s strategic and operational plans,
the Company’s ability to generate internal and external growth, the
future outlook, anticipated cash returns, cap rates or yields on
properties, anticipated closing of property acquisitions, and
ability to execute its business plan. While forward-looking
statements reflect our good faith beliefs, they are not guarantees
of future performance. 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 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 Securities and
Exchange Commission (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 after the date of this release, whether as a result of
new information, future events or otherwise. For a description of
factors that may cause the Company’s actual results or performance
to differ from its forward-looking statements, please review the
information under the heading “Risk Factors” included in the
Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2015 filed by the Company with the Commission on
February 29, 2016.
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version on businesswire.com: http://www.businesswire.com/news/home/20161222005687/en/
Physicians Realty TrustJohn T. ThomasPresident and
CEO414-367-5611orJeff TheilerChief Financial
Officer414-367-5610
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