Physicians Realty Trust Provides Supplemental Update Pertaining to June Rent Collections

Physicians Realty Trust (NYSE:DOC) (the “Company”) has provided a Supplemental Update pertaining to the status of June rent collections, which can be found on the Company’s homepage and within the Investor Relations portion of the Company’s website at www.docreit.com.

John T. Thomas, President and Chief Executive Officer of the Company, commented, “Through Wednesday, July 1^st, we have collected 95.9% of June Rent and Common Area Charges, representing a continued acceleration of collections pace relative to the collections in April (93.5%) and May (93.3%) over a comparable time period. Further, as of July 1^st we have now collected a total of 97.5% of April and 97.2% of May charges, resulting in current overall collections of 96.9% for the second quarter. New tenant relief requests received in June were de minimis, and no rent deferral requests have been granted this quarter.

“The DOC Portfolio continues to demonstrate resilience during the COVID-19 pandemic, with each of our assets open and operating to support our nation’s healthcare providers and patients. This includes our medical facilities in Texas, which are unaffected by the recently announced restrictions imposed on the performance of scheduled procedures in inpatient hospitals.

“We encourage everyone to practice social distancing and wear a mask to help address the current spike in COVID-19 cases across the United States. This is especially important as we celebrate our freedom and independence as a country. We do this not only for our own safety, but also for the benefit of our healthcare providers and the most vulnerable members of our society,” Mr. Thomas concluded.

Current Liquidity

As of June 30, 2020, the Company’s cash balance, net of outstanding checks, is $3.1 million and the outstanding balance of the Company’s unsecured revolving credit facility is $70.0 million. The total current borrowing capacity of the unsecured revolving credit facility is $850.0 million.

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 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.