MILWAUKEE--(BUSINESS WIRE)--On July 19, 2023, Physicians Realty Trust (the “Company”) (NYSE: DOC) proudly marks a momentous milestone as it celebrates the 10th anniversary of its Initial Public Offering (IPO) on the New York Stock Exchange on July 19, 2013.
“Founded with a vision to transform the health care real estate landscape, the Company has consistently demonstrated resilience, adaptability, and a commitment to excellence,” said John T. Thomas, the Company’s President & Chief Executive Officer and Co-Founder. “Through strategic investments in prime 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. As the Company commemorates this significant achievement, we reaffirm our dedication to maintaining the highest standards of integrity, transparency, and sustainable practices.”
Mark D. Theine, the Company’s Executive Vice President of Asset Management and Co-Founder, shared, “This week, we celebrate a decade of success and recognize all who have shaped the Company into what it is today. We are extremely grateful for the support from our investors, partners, and team members. Together, they have assisted in fulfilling our Invest in better® mission to help medical providers, developers, and shareholders realize better health care, better communities, and better returns.”
He concluded, “Over the last decade, we believe we have assembled one of the country’s top health care real estate portfolios and an industry-leading team committed to our core values. This Decade of DOC milestone is a testament to the hard work and dedication by all, and we feel the best is yet to come.”
Visit www.docreit.com/DecadeofDOC for a Physicians Realty Trust timeline and featured stories from the Company’s first 10 years in business. The page also includes over a dozen personal interviews with the Company’s co-founders, business partners, and team members across the country.
To celebrate this 10th-anniversary milestone, Physicians Realty Trust will ring the Opening Bell at the New York Stock Exchange on July 19, 2023.
About Physicians Realty Trust
Physicians Realty Trust is a self-managed health care real estate company organized to acquire, selectively develop, own, and manage outpatient medical 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.
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, 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 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.