Earnings release
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EX - 99.1 2 a2021q2earningspressreleas.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 ● Physicians Realty Trust Reports Second Quarter 2021 Financial Results Announces $ 0.08 Net Income per Share and $ 0.26 Normalized FFO per Share for the Second Quarter of 2021 Second Quarter and Recent Highlights : ● ● PHYSICIANS REALTY TRUST Invest in better . ● Exhibit 99.1 Reported second quarter 2021 total revenue of $ 112.9 million , an increase of 3.5 % over the prior year period . Generated second quarter net income per share of $ 0.08 on a fully diluted basis . Generated second quarter Normalized Funds From Operations ( Normalized FFO ) of $ 0.26 per share on a fully diluted basis . New investments and construction loan commitments of $ 55.0 million during the second quarter . Second 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 second quarter 2021 , paid July 16 , 2021 . Sold 4,532,343 common shares pursuant to the ATM program at a weighted average price of $ 18.39 during the second quarter 2021 , resulting in net proceeds of approximately $ 82.5 million . Standard and Poor's Ratings Services and Moody's Investors Services upgraded our senior unsecured debt ratings to ' BBB ' and ' Baa2 ' , respectively . Milwaukee , WI - August 4 , 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 second quarter ended June 30 , 2021 . John T. Thomas , President and Chief Executive Officer of the Trust , commented , " Our portfolio of best - in - class medical office facilities continued to perform exceptionally during the second quarter , delivering the predictable growth and operating outcomes that medical office investors have come to expect . We are excited to report Standard and Poor's Ratings Services and Moody's Investors Services upgraded our senior unsecured debt ratings to ' BBB ' and ' Baa2 ' , respectively , a direct reflection of the Company's portfolio quality and disciplined capital strategy . " On June 7 , 2021 , we released our second annual ESG Report . We are proud to share that the challenges of 2020 did not change our commitment to our ESG goals . Instead , we deepened our focus and enhanced our efforts , recognizing the critical need to invest in healthy physical and social spaces for our communities now more than ever . We look forward to sharing more on our ESG efforts and second quarter performance during today's conference call , " Mr. Thomas concluded . 1