Physicians Realty Trust Declares Quarterly Cash Dividend and Announces Date for the Third Quarter 2023 Earnings Release and Conference Call
21 September 2023 - 12:00PM
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 $0.23 per common
share and unit for the quarter ending September 30, 2023. “We are
proud to declare and pay our 41st consecutive quarterly dividend.
This quarter, we celebrated a momentous milestone as we celebrated
the 10th anniversary of our IPO on the New York Stock Exchange on
July 19, 2013. Through strategic investments in outpatient medical
facilities and disciplined financial management, we believe the
Company has solidified its position as a trusted partner for
investors seeking stable, long-term returns. We look forward to
sharing more about our third quarter 2023 results in our earnings
release and related conference call, scheduled for November 3,
2023,” said John T. Thomas, the Company’s President and Chief
Executive Officer.
The dividend will be payable on October 17, 2023, to common
shareholders and unit holders of record on October 3, 2023.
Earnings Release and Conference Call Information
The Company announced it will release its financial results for
the third quarter ended September 30, 2023, before the market opens
on November 3, 2023, 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, Executive VP and Chief
Financial Officer Jeff Theiler, Executive VP of Asset Management
Mark Theine, 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 Third
Quarter Earnings Call. The conference call will also 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 November 3, 2023, at 2:00 p.m. ET until December 3, 2023,
at 11:59 p.m. ET, by dialing (844) 512-2921 (U.S.) or (412)
317-6671 (International); passcode: 13741282. A replay of the
webcast will also be accessible on the Investor Relations website
for one year following the event. Beginning November 3, 2023, the
Company’s supplemental information package for the third quarter
2023 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 health care real
estate company organized to acquire, selectively develop, own, and
manage health care properties that are leased to physicians,
hospitals and health care delivery systems. The Company invests in
real estate that is integral to providing high quality health care.
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”,
“continue”, “intend”, 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, ability to execute its business plan, and the impact
of the COVID-19 pandemic on the Company’s business. 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 discussion of factors that could impact the
Company’s results, performance, or transactions, see Part I, Item
1A (Risk Factors) of the Company’s Annual Report on Form 10-K for
the fiscal year ended December 31, 2022.
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version on businesswire.com: https://www.businesswire.com/news/home/20230921217848/en/
Physicians Realty Trust John T. Thomas President and CEO (214)
549-6611 jtt@docreit.com
Jeffrey N. Theiler Executive Vice President and CFO (414)
367-5610 jnt@docreit.com
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