Physicians Realty Trust prices public offering of common stock at $12.50 per share

Physicians Realty Trust (NYSE:DOC) ("the Company"), a self-managed healthcare real estate company, announced today the pricing of its public offering of 11,000,000 common shares of beneficial interest at a price to the public of $12.50 per share, for a total of approximately $129.5 million of net proceeds after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. All of the common shares are being offered by the Company and will trade on the NYSE under the ticker symbol "DOC."

The offering is expected to close on May 27, 2014. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,650,000 common shares.

The Company will contribute the net proceeds of this offering to its operating partnership in exchange for common units in its operating partnership. The Company's operating partnership intends to use the net proceeds of the offering to repay approximately $113.2 million of borrowings under the Company's senior secured revolving credit facility and the balance, if any, for general corporate and working capital purposes, funding possible future acquisitions and development activities.

A registration statement relating to the offering of the Company's common shares discussed above was declared effective by the Securities and Exchange Commission on May 20, 2014. This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

BofA Merrill Lynch, KeyBanc Capital Markets and Wunderlich Securities are serving as joint book-running managers for the offering, BMO Capital Markets and Stifel are serving as co-lead managers for the offering, and Janney Montgomery Scott, Regions Securities LLC, Comerica Securities, Compass Point, J.J.B. Hilliard, W.L. Lyons, LLC, RBS Securities Inc. and Ziegler are serving as co-managers for the offering.

The offering of these securities is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from: BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, email: [email protected]; KeyBanc Capital Markets, Attention: Prospectus Delivery Department, 127 Public Square, 4th Floor, Cleveland, Ohio 44114 or by calling (800) 859-1783; Wunderlich Securities, 6000 Poplar Avenue, Suite 150, Memphis, Tennessee 38119; or any other manager of the offering listed above.

Source: Physicians Realty Trust