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Physicians Realty Trust Announces Ratings Upgrade to BBB- from Standard & Poors Ratings Services(August 11, 2017)
MILWAUKEE--(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 & Poors Ratings Services (S&P) has raised the Companys corporate credit rating to investment grade (BBB-) with a stable outlook. In its update, S&P noted that its upgrade reflected the Companys ?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 Companys 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.
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 Companys strategic and operational plans, the Companys 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 managements 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 Companys control, which could cause actual results to differ materially from such statements. These risks and uncertainties are described in greater detail in the Companys filings with the Securities and Exchange Commission (the ?Commission), including, without limitation, the Companys 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 Companys actual results or performance to differ from its forward-looking statements, please review the information under the heading ?Risk Factors included in the Companys 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 Companys 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.