Healthpeak Properties

Healthpeak Properties, Inc. is a real estate investment trust, which invests primarily in real estate serving the healthcare industry in the United States. It acquires, develops, leases, sells, and manages healthcare real estate and provides mortgage and other financing to healthcare providers. It operates through the following business segments: Life Science, Medical Office and Continuing Care Retirement Community (CCRC). The Life Science segment contains laboratory and office space primarily for biotechnology, medical device and pharmaceutical companies, scientific research institutions, government agencies, and other organizations involved in the life science industry. The Medical Office segment includes pharmacies, hospital ancillary service space, and outpatient services such as diagnostic centers, rehabilitation clinics, and day-surgery operating rooms. The CCRC segment includes independent living, assisted living, and skilled nursing units to provide a continuum of care in an integrated campus. The company was founded in March 1985 and is headquartered in Denver, CO.

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q3 2024

Healthpeak Properties reports robust Q4 performance amidst market challenges

Healthpeak Properties showcased strong performance in Q4 2022, driven by outpatient healthcare focus and solid rent growth.
Despite challenges like labor costs and rent growth uncertainties, the company's balance sheet strength and acquisition opportunities present positives.
The company's NOI growth story remains intact, with expectations of continued growth from active development pipelines.
Exploring funding options and improving expense issues are key focus areas for future growth and stability.

Healthpeak Properties excels in Q1 2023, cautious on acquisitions

Healthpeak Properties' earnings call provided detailed insights into strategic positioning, financial performance, and market outlook. Guidance for MOBs was raised, and caution was exercised in acquisitions, focusing on redevelopment as the best use of capital.

Healthpeak Properties excels in Q2, faces challenges in lab leasing

Healthpeak Properties delivered strong financial performance in Q2 2023, focusing on strategic leasing and asset sales.
The company faces challenges in upcoming downtime, leasing new lab developments, and industry cap rate stability.
Opportunities lie in MOB developments, aligning with healthcare trends, and retaining/expanding tenant base.
Overall, Healthpeak Properties is navigating market dynamics to drive growth and enhance shareholder value.

Healthpeak Properties exceeds Q4 guidance, eyes growth in medical segments

Healthpeak Properties delivered strong performance in Q4 2023, with record leasing volumes and exceeding guidance. The company is optimistic about growth prospects in the Outpatient Medical segment and Lab business. Strategic synergies from the merger with Physicians Realty Trust and capital recycling opportunities are key focus areas for future earnings.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Healthpeak Properties, Inc. is a Standard & Poor’s 500 company, which engages in acquiring, developing, owning, leasing, and managing healthcare real estate across the United States. It operates through the following segments: Lab, Outpatient Medical, Continuing Care Retirement Community (CCRC), and Other Non-Reportable. The Lab segment refers to lab properties, which contain laboratory and office space. The Outpatient Medical segment includes outpatient medical buildings and hospitals. The CCRC segment deals with retirement communities that include independent living, assisted living, memory care, and skilled nursing units. The Other Non-Reportable segment consists of an unconsolidated joint venture with a sovereign wealth fund that owns 19 senior housing assets and loans receivable. The company was founded in 1985 and is headquartered in Denver, CO.

High demand for lab assets and rising senior citizens' healthcare spending are likely to support DOC's performance.

Healthpeak Properties' Stock Rises 31% in 6 Months: Here's How

Cousins Properties

Lamar Advertising

Healthpeak Properties, Lamar Advertising and Cousins Properties have been highlighted in this Industry Outlook article.

Zacks Industry Outlook Healthpeak Properties, Lamar Advertising and Cousins Properties

The Zacks REIT and Equity Trust - Other industry players such as DOC, LAMR and CUZ are likely to benefit from healthy fundamentals and improving demand.

3 Equity REIT Stocks Worth Investing in as the Industry Rebounds

Citigroup

Devon Energy

Ford Motor Company

Kimco Realty

24/7 Wall St. Insights Despite the massive market rally, some companies now trade near their all-time lows.

6 S&P 500 High-Yield Dividend Stocks Trading Down the Most From All-Time Highs

Duolingo

FirstCash Holdings

Fabrinet

Lattice Semiconductor

Universal Forest Products

Valley National

The rest of 2024 could be a breakout period for cheap Russell 2000 stocks. Thus far, the index posted a 3.6% gain since January, though it lags the S&P 500's 10% bump.

7 Cheap Russell 2000 Stocks to Buy Now: May 2024

American Express

Globe Life Inc

Hasbro

Micron Technology

Old Dominion Freight Line

Penn Entertainment

Progressive

Walgreens

Wells Fargo

For this month, the cycle/relative strength concept is applied. First, the S&P 500 stocks are ranked from the best performer to the worst by calculating the expected return in that month.

S&P Stocks To Trade In May

Iron Mountain

Macerich

Research firm Nareit's prediction that 2024 will be a year that top REITs are “well-situated for outsized performance” hasn't yet come to fruition. Much of its predictive power rested on the assumption that the Fed would cut rates early in the year, which seems increasingly unlikely.

The Top 3 REITs to Buy in April 2024

Boston Properties

Kinder Morgan

Altria

Pfizer

AT&T

Verizon

Don't kick yourself if you didn't load up on investments returning 5% on your cash last year. They still can be found.

Juicy 5% Yields Are Now Rare — But They're Still Out There

Medtronic

Realty Income Corp

“Higher for longer” may prove true as sticky inflation indicates the higher-rate environment might be here to stay. As interest rates stay steady, risk-averse investors gravitate towards short-term Treasuries for safety.

3 Stocks to Buy if the Fed Keeps Rates High for the Rest of 2024

Healthpeak (PEAK) closes its merger with Physicians Realty Trust, positioning it well to capitalize on the secular trends of the industry.

Healthpeak (PEAK) Wraps Up Merger With Physicians Realty Trust

DENVER--(BUSINESS WIRE)--Healthpeak Properties, Inc. (NYSE: PEAK), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, announced today that Scott Brinker, its President and Chief Executive Officer, is scheduled to present at the Citi 2024 Global Property CEO Conference. The presentation is scheduled for 11:40 a.m. Eastern Time on Tuesday, March 5, 2024. You can access the webcast by visiting our website at https://ir.healthpeak.com/news-events/default.

Healthpeak Properties to Present at the Citi 2024 Global Property CEO Conference and Publishes Updated Investor Presentation

DENVER--(BUSINESS WIRE)--Healthpeak Properties, Inc. (NYSE: PEAK) (“Healthpeak”) today announced that it has closed on the previously announced merger with Physicians Realty Trust. The combined company will operate under the name “Healthpeak Properties, Inc.” and is expected to begin trading under the ticker symbol “DOC” at the open of trading on The New York Stock Exchange on March 4, 2024. “We are pleased to announce the completion of our merger with Physicians Realty Trust,” said Scott Brink.

Healthpeak Properties Closes Merger with Physicians Realty Trust

Healthpeak Properties Inc

DENVER--(BUSINESS WIRE)--Healthpeak Properties, Inc. (NYSE: PEAK) (“Healthpeak”) today announced that, in connection with its and Healthpeak OP, LLC's (“Healthpeak OP”) previously announced consent solicitation and offers to guarantee for Physicians Realty L.P. (a consolidated subsidiary of Physicians Realty Trust (NYSE: DOC) (“Physicians Realty Trust” or “DOC”)) senior notes related to Healthpeak's agreement to merge with Physicians Realty Trust (the “Merger”), it has received the required con.

Healthpeak Properties, Inc. and Healthpeak OP, LLC Complete Consent Solicitation and Offers to Guarantee and Receive Required Consents to Amend Physicians Realty L.P. Indentures

Healthpeak Properties offers a discounted valuation and a 7.1% dividend yield, making it an attractive investment for income investors.

Healthpeak Properties: Undervalued With Strong Fundamentals

DENVER & MILWAUKEE--(BUSINESS WIRE)--Healthpeak Properties, Inc. (NYSE: PEAK) (“Healthpeak”) and Physicians Realty Trust (NYSE: DOC) (“Physicians Realty Trust”) today announced that Healthpeak stockholders and Physicians Realty Trust shareholders have voted to approve the proposals necessary for the closing of the proposed merger at their respective special meetings held virtually today, February 21, 2024. The transaction is expected to close on or about March 1, 2024, subject to the satisfacti.

Healthpeak Properties Stockholders and Physicians Realty Trust Shareholders Approve Merger

Citizens Financial Group

International Paper

KeyCorp

Philip Morris

Vici Properties

Most income investors try to fortify their retirement. High-yield dividend stocks are prime investments for stability and growth potential in the financial markets.

7 High-Yield Dividend Leaders to Unlock Superior Returns

EPR Properties

SBA Communications

W. P. Carey

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Top 4 Real Estate Stocks You'll Regret Missing This Quarter - EPR Props (NYSE:EPR), Healthpeak Properties (NYSE:PEAK)

DENVER--(BUSINESS WIRE)--Healthpeak Properties, Inc. (NYSE: PEAK) (“Healthpeak”) today announced, in connection with its previously announced agreement to merge with Physicians Realty Trust (NYSE: DOC) (“Physicians Realty Trust” or “DOC”), that it and Healthpeak OP, LLC (“Healthpeak OP”), a direct subsidiary of Healthpeak, have commenced a consent solicitation to certain proposed amendments to each of the supplemental indentures to the Senior Indenture (each an “Indenture”) governing the follow.

Healthpeak Properties, Inc. and Healthpeak OP, LLC Commence Consent Solicitation and Offers to Guarantee for Physicians Realty L.P. Senior Notes

Healthpeak Properties, Inc. (PEAK) Q4 2023 Earnings Call Transcript

Healthpeak's (PEAK) Q4 results outshine estimates on better-than-anticipated revenues. Same-store cash NOI for the total portfolio improves year over year.

Healthpeak's (PEAK) Q4 FFO Beat Estimates, Same-Store NOI Up

While the top- and bottom-line numbers for Healthpeak (PEAK) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Healthpeak (PEAK) Q4 Earnings

Healthpeak Properties topped market expectations for fourth-quarter funds from operations (FFO) on Thursday, on the back of strong demand for its medical office and life science properties.

Healthpeak Properties tops expectations for quarterly FFO

DENVER--(BUSINESS WIRE)--Healthpeak Properties, Inc. (NYSE: PEAK), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, today announced results for the fourth quarter and full-year ended December 31, 2023. FOURTH QUARTER 2023 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS – Net income of $0.13 per share, Nareit FFO of $0.48 per share, FFO as Adjusted of $0.46 per share, AFFO of $0.36 per share, and Total Same-Store Portfolio Cash (Adjusted) NOI growth of 3.

Healthpeak Properties Reports Fourth Quarter and Year Ended 2023 Results

Healthy demand for Healthpeak's (PEAK) lab assets and a rise in senior citizens' healthcare expenditure are expected to have benefited its Q4 earnings despite high interest expenses.

What's in the Cards for Healthpeak (PEAK) This Earnings Season?

Beyond analysts' top -and-bottom-line estimates for Healthpeak (PEAK), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

Ahead of Healthpeak (PEAK) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics

News for Healthpeak Properties Stock (PEAK)