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EX - 99.1 2 a2021q1earningspressreleas.htm EX - 99.1 PRESS RELEASE Contact : 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 First Quarter and Recent Highlights : ● PHYSICIANS REALTY TRUST Invest in better . Physicians Realty Trust Reports First Quarter 2021 Financial Results Announces $ 0.08 Net Income per Share and $ 0.27 Normalized FFO per Share for the First Quarter of 2021 Exhibit 99.1 Reported first quarter 2021 total revenue of $ 113.3 million , an increase of 5.5 % over the prior year period . Generated first quarter net income per share of $ 0.08 on a fully diluted basis compared to net income per share of $ 0.07 on a fully diluted basis in the same period last year . Generated first quarter Normalized Funds From Operations ( Normalized FFO ) of $ 0.27 per share on a fully diluted basis compared to $ 0.26 per share for the same period last year . New investments and development commitments of $ 16.3 million during the first quarter . First quarter MOB Same - Store Cash Net Operating Income growth was 2.4 % year - over - year . Declared a quarterly dividend of $ 0.23 per share and OP Unit for the first quarter 2021 , paid April 16 , 2021 . Sold 2,887,296 common shares pursuant to the ATM program at a weighted average price of $ 18.32 during the first quarter 2021 , resulting in net proceeds of approximately $ 52.4 million . Milwaukee , WI - May 5 , 2021 - Physicians Realty Trust ( NYSE : DOC ) ( the " Company , " the " Trust , " " we , " " our " and " us " ) , a self managed health care real estate investment trust , today announced results for the first quarter ended March 31 , 2021 . John T. Thomas , President and Chief Executive Officer of the Trust , commented , " We are off to a very good start in 2021 , with excellent operating results and substantially all of our providers back to pre - pandemic volumes and performance , with many of them providing vaccine locations in our facilities . As we progress through 2021 , we continue to see many off - market opportunities to Invest in BetterⓇ through acquisitions and financing new development for growth . In addition to the recently closed $ 35 million Adventist Wesley Chapel facility in Tampa , we have over $ 160 million of LOIs in various stages of negotiations . " We are very proud to announce we have earned the 2021 ENERGY STAR® Partner of the Year Award . This award is a testament to our dedication to ESG , and we plan to continue implementing best practices across our portfolio . We will be publishing our second annual ESG report in June 2021 and are excited to share our ESG performance within that report . We look forward to discussing first quarter performance during today's conference call , " Mr. Thomas concluded .