Healthpeak Properties Inc Stock Price, News & Analysis

Physicians Realty Trust (NYSE:DOC) announced a $500 million senior unsecured notes offering at 2.625%, maturing in 2031. The proceeds, estimated at $495.7 million after discounts, will be used to repay debt and acquire properties, including those in the pending Landmark portfolio acquisition. The closing is scheduled for October 13, 2021, pending customary conditions. The offering follows an effective shelf registration statement filed with the SEC on February 27, 2020. The company focuses on acquiring healthcare properties leased to physicians and healthcare systems.

Physicians Realty Trust (NYSE:DOC) announced the execution of a Master Transaction Agreement to acquire 15 Class-A medical office buildings across eight states for approximately $764.3 million. The portfolio, about 95% leased with a weighted average lease term of 7.4 years, is expected to yield an unlevered cash return of 4.9% in the first year. The acquisition is anticipated to close in Q4 2021, funded by unit issuance, debt assumption, and credit line proceeds. Completion of the deal is contingent on various conditions, and there is no guarantee of timely closure.

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.