Dear Shareholders,

Physicians Realty Trust (NYSE: DOC) is committed to corporate responsibility, which strengthens our mission to provide better health care, better communities, and better returns through our real estate investments. We strive to incorporate Environmental, Social, and Governance (ESG) principles into our business thoughtfully and responsibly. We are dedicated to being leaders in ESG performance within the REIT industry and across all organizations.

ESG initiatives have always been a core component of our business. It is from this perspective that we proudly present our inaugural ESG sustainability report, detailing our philosophy, goals, ongoing activities, and achievements. This report—intentionally presented digitally as a “green” alternative to print—reaffirms our commitment to recruiting and retaining top talent, promoting equity, diversity, and inclusion at all levels of our business, and providing opportunities that support life-long learning to ensure DOC’s longevity and continued success.

As we publish this inaugural report, we do so against the backdrop of a public health crisis, unlike anything we have experienced in our lifetimes. Also, a global movement, with which we stand proudly, is making strides in solidarity for racial equity for long-marginalized members of our communities. While the ESG achievements and goals detailed in this report were accomplished and set before the COVID-19 outbreak and the latest instances of injustice that have sparked a worldwide call to action, the current climate reinforces our critical need to invest in healthy physical and social spaces for our communities.

We believe we have a responsibility to make a difference in the lives of our team members, investors, health care partners, and those who visit our properties, while also contributing to a more sustainable future for future generations. In this report, we share more details about DOC’s steps to reduce our environmental impact, invest in our workforce, and strengthen internal governance to contribute to our bottom-line performance. We believe operating a company responsibly and sustainably is a smart investment and can yield strong returns, both financially and environmentally. DOC’s ESG practices result in healthier environments, more efficient buildings, and increased tenant attraction and retention, making DOC a stronger long-term investment for our shareholders.

Commitment to Environmental Stewardship 

DOC is well underway in the implementation of a comprehensive, three-year ESG plan with 10% improvement targets in energy, emissions, water, and waste diversion. We proudly report that from January 1, 2019 to December 31, 2019, DOC reduced energy consumption and emissions by 2.4% and water usage by 2.6%. We also increased our waste diversion rate by 2.1%. Given our early progress, we are confident we are on the right track.

Commitment to Social Excellence

Our company continues to enjoy widespread recognition for our thriving culture. In 2019, we earned four awards, including the Milwaukee Business Journal’s “Milwaukee’s Coolest Office” and “Best Places to Work,” the Milwaukee Journal Sentinel’s “Top Workplaces,” and the “Award for Data Excellence” from VTS, our leasing platform. We were also recognized as an Institute of Real Estate Management (IREM®) national finalist for their Accredited Management Organization (AMO®) of the Year Award.

Beyond the trophies, these accolades showcase our ongoing commitment to treat our team members as family and to give back to our communities financially and through volunteering. In 2019 alone, DOC contributed over $332,000 in philanthropic support nationwide, and our employees spent 624 hours volunteering for personal causes meaningful to them, far exceeding our targets of $250,000 in charitable giving and 500 hours of community service work.

Commitment to Strong Governance Practices

DOC has always been committed to strong corporate governance and alignment with shareholders. We have always had a focus on diversity and inclusion from the Board and through our ranks. In 2019, we intensified our Diversity and Inclusion efforts to be more intentional and accountable in hiring, career development, and career advancement. Our intention is to provide everyone the opportunity to excel in our organization and achieve their career goals, all for the benefit of DOC’s shareholders and communities.

Above all, our company is dedicated to C.A.R.E.: Communicate and Collaborate, Act with Integrity, Respect the Relationship, and Execute Consistently. We invite you to review our work and see how we put this message into action every day in service of our health care partners, their patients, the environment, and our communities.


John T. Thomas | President and Chief Executive Officer
Governor Tommy G. Thompson | Chairman, Board of Trustees