Physicians Realty Trust Announces Ratings Upgrade to BBB- from Standard & Poor’s Ratings Services
12 August 2017 - 6:01AM
Business Wire
Physicians Realty Trust (NYSE: DOC) (the “Company,” the “Trust,”
“we,”, “our” and “us”), a self-managed healthcare real estate
investment trust, today announced that Standard & Poor’s
Ratings Services (S&P) has raised the Company’s corporate
credit rating to investment grade (BBB-) with a stable outlook. In
its update, S&P noted that its upgrade reflected the Company’s
“deleveraging efforts, increased scale, and improving asset
quality,” as well as its expectation that the Company “will
continue to rapidly grow its portfolio in a disciplined
manner.”
Jeff Theiler, Executive Vice President and Chief Financial
Officer of the Trust, commented, “We are pleased that S&P has
recognized the continued financial strength and stability of
Physicians Realty Trust as we continue methodically building our
portfolio to generate long-term shareholder value.”
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 June 30, 2017, owned
approximately 96.7% 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”,
“continue”, 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, 2016 filed by the Company with the Commission on
February 24, 2017 and in the Company’s Quarterly Reports on Form
10-Q for the quarterly periods ended March 31, 2017 and June 30,
2017 filed by the Company with the Commission on May 5, 2017 and
August 4, 2017, respectively.
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version on businesswire.com: http://www.businesswire.com/news/home/20170811005559/en/
Physicians Realty TrustJohn T. ThomasPresident and CEO(214)
549-6611jtt@docreit.comorJeffrey N. TheilerExecutive Vice President
and CFO(414) 367-5610jnt@docreit.com
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