In 2020, our Board of Trustees and the Physicians Realty Trust (NYSE: DOC) team rose to meet the challenges of a year unlike any other. Our success resulted from our continued dedication to our core values, summarized by C.A.R.E.: Collaborate and Communicate, Act with Integrity, Respect the Relationship, and Execute Consistently.
By adhering to C.A.R.E., we remained disciplined, operationally and financially, to deliver safer health care facilities for our providers and their patients, as well as safer results for our shareholders. During 2020, we collected over 99% of all rent and other charges due from our tenants. We ended the year with the lowest outstanding accounts receivable balance we have ever had as a percentage of revenue and an occupancy rate of 96%, the highest of all public owners of medical office facilities. While the equity market was volatile, we ended the year with the best total shareholder return of any public REIT with a significant medical office portfolio.Download PDF