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Healthpeak Properties, Inc. (NYSE: DOC) is a self-managed healthcare real estate investment trust (REIT) focused on acquiring, selectively developing, owning, and managing healthcare properties. These properties are primarily leased to physicians, hospitals, and healthcare delivery systems. The company aims to invest in real estate that is essential for providing high-quality healthcare services.
Healthpeak's diversified portfolio includes around 459 in-place properties, which encompass medical office buildings, life science properties, senior housing, hospitals, and skilled nursing/post-acute care facilities. These assets are typically located on or near healthcare campuses and are strategically affiliated with hospitals or other healthcare facilities.
The company’s management team brings extensive public healthcare REIT experience and has well-established relationships with key stakeholders in the healthcare delivery system. This expertise and network provide Healthpeak with quality investment opportunities aimed at generating attractive risk-adjusted returns for shareholders.
Recent achievements of the company include the acquisition of several high-value properties, partnerships with leading healthcare providers, and the development of state-of-the-art facilities. Financially, Healthpeak has demonstrated resilience and growth, maintaining a strong balance sheet and a strategic approach to capital allocation.
Healthpeak continues to explore new projects and ventures to enhance its portfolio and meet the evolving needs of the healthcare industry. The company remains committed to providing critical real estate solutions that support the delivery of exceptional healthcare services.
Physicians Realty Trust (NYSE: DOC) has announced an amended credit agreement extending its maturity date to September 24, 2025. The agreement lowers interest rates and increases revolving credit capacity from $850 million to $1 billion. It now includes a term loan of $250 million and offers the potential to increase borrowing capacity by an additional $500 million, totaling $1.75 billion. The interest rate on the revolving facility is now LIBOR plus 0.725% to 1.40%. The Trust aims to leverage these changes for growth and operational flexibility.
Physicians Realty Trust (NYSE:DOC) has declared a quarterly cash dividend of $0.23 per share for the quarter ending September 30, 2021, marking its 33rd consecutive quarterly dividend. The dividend will be paid on October 15, 2021 to shareholders of record by October 4, 2021. The company also announced plans to release its Q3 financial results on November 5, 2021, along with hosting a conference call at 10:00 a.m. ET to discuss the results. DOC was named one of Modern Healthcare’s Best Places to Work, ranking 26th in the Supplier category.
Physicians Realty Trust (DOC) reported their second-quarter results for 2021, showcasing a revenue increase of 3.5% to $112.9 million, while net income rose to $18.7 million. The company maintains a strong portfolio, with a 96% lease occupancy rate. Standard & Poor's and Moody's upgraded their debt ratings to 'BBB' and 'Baa2', respectively. Funds From Operations (FFO) stood at $58.2 million, or $0.26 per share. The Trust also acquired a medical facility in Denton, Texas, and paid a dividend of $0.23 per share on July 16, 2021.
Physicians Realty Trust (DOC) has declared a quarterly cash dividend of $0.23 per share for the quarter ending June 30, 2021, marking its 32nd consecutive dividend. The dividend is payable on July 16, 2021, to shareholders on record by July 2, 2021. The Company will release its Q2 2021 financial results on August 4, 2021, and hold a conference call at 10:00 a.m. ET to discuss the results and company updates.
Physicians Realty Trust (NYSE:DOC) announced an upgrade of its corporate credit ratings to ‘BBB’ with a stable outlook by S&P, up from ‘BBB-’. This upgrade is attributed to the Trust's increased exposure to investment-grade health systems and solid operational performance despite COVID-19 challenges. CFO Jeff Theiler emphasized the quality of their portfolio and commitment to shareholder value, highlighting resilience in the medical office sector. The Trust focuses on acquiring and managing healthcare properties leased to healthcare providers, enhancing its role in delivering high-quality healthcare.
Physicians Realty Trust (DOC) reported a strong start to 2021 with Q1 total revenue rising to $113.3 million, a 5.5% increase year-over-year. Net income rose to $17.8 million, up from $15.0 million in Q1 2020. The portfolio was 96% leased, and Funds From Operations (FFO) stood at $37.9 million, equating to $0.27 per share. The Trust celebrated receiving the 2021 ENERGY STAR® Partner of the Year Award for its commitment to ESG practices. Additionally, the company closed significant acquisitions, further enhancing its growth strategy.
Physicians Realty Trust (NYSE:DOC) has declared a quarterly cash dividend of $0.23 per common share for Q1 2021, marking the 31st consecutive dividend. The dividend is payable on April 16, 2021, to holders on record as of April 2, 2021. The company emphasizes its strategy of investing in hospital-affiliated facilities to enhance patient care. Financial results for Q1 2021 will be released on May 5, 2021, followed by a conference call at 2:00 p.m. ET, led by key executives to discuss the results and company updates.
Physicians Realty Trust (NYSE: DOC) reported its fourth quarter 2020 results, highlighting total revenue of $111.4 million, a 3.7% increase year-over-year. The occupancy rate reached 96%, with a record low accounts receivable balance. Net income stood at $18.6 million, down from $42.8 million in Q4 2019, largely due to prior gains on property sales. The Trust completed $187.7 million in investments, showing commitment to expanding its healthcare facilities and ESG practices. For 2021, it anticipates closing real estate investments between $400 million and $600 million.
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