Physicians Realty Trust Common Shares of Beneficial Interest (DOC) Social Stream
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$DOC has collected 95.9% of June Rent and Common Area Charges, "demonstrating resilience" during the COVID-19 pandemic.Ro_Patel, published July 7, 2020
This represents a "continued acceleration of collections pace" relative to the collections in April (93.5%) and May (93.3%) over a comparable time period, according to a statement.
Furthermore, as of July 1, the company has collected a total of 97.5% of April and 97.2% of May charges, resulting in current overall collections of 96.9% for Q2.
"New tenant relief requests received in June were de minimis, and no rent deferral requests have been granted this quarter," the firm said.
As of June 30, the cash balance net of outstanding checks is $3.1M & outstanding balance in unsecured revolving credit facility is $70M. The total current borrowing capacity of the credit line is $850M.