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

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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.

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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.

While life-science and medical office portfolios are likely to have aided Healthpeak (PEAK) in Q2, large asset disposals and lower occupancy levels at senior housing facilities are the headwinds.

Healthpeak (PEAK) to Report Q2 Earnings: What's in Store?

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Real estate earnings season kicks off this week. We'll see results from more than 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies over the next month. REITs enter second-quarter earnings season as the best-performing asset class this year with total returns over 25%. 69 equity REITs and 19 mortgage REITs have raised their dividends this year.

Short On Supply, High On Demand: REIT Earnings Preview

DENVER, July 13, 2021 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) announced today that it has published its 10th annual ESG Report.  As the first U.S. healthcare REIT to publish an ESG report, Healthpeak has been committed to corporate responsibility and transparent reporting for over a decade.

Healthpeak Properties Publishes Its 10th Annual ESG Report

DENVER, July 6, 2021 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) is scheduled to report its second quarter 2021 financial results after the close of trading on the New York Stock Exchange on Tuesday, August 3, 2021. Healthpeak will host a conference call and webcast on Wednesday, August 4, 2021, at 9:00 a.m.

Healthpeak Properties to Report Second Quarter 2021 Financial Results and Host Conference Call/Webcast

Healthpeak's (PEAK) proceeds from its senior unsecured notes offering will provide the REIT options to repay debts and invest in previous acquisitions of life-science assets.

Healthpeak (PEAK) to Raise $445.3M With Senior Notes Offering

DENVER, June 30, 2021 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) announced today that it has successfully priced its first green bond offering, a public offering of $450 million aggregate principal amount of 1.350% senior unsecured notes due 2027. The price to investors was 99.877% of the principal amount of the notes.

Healthpeak Properties Prices $450 Million of 1.350% Senior Unsecured Notes due 2027 in Its Inaugural Green Bond Offering

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In May, we received $581.67 in dividend income! This was a 32.19% year over year increase compared to May 2020. Until the dividend cut is finalized, we are still receiving a boatload of dividend income from AT&T.

Dividend Income Summary: Bert's May 2021 Summary

Following the full lease of the entire Callan Ridge densification project, Healthpeak (PEAK) announces a third ground-up development, Sorrento Gateway, in San Diego.

Healthpeak (PEAK) Leases Life-Science Asset, To Construct Another

DENVER, June 7, 2021 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) announced today that it will commence construction of its Sorrento Gateway development located in the Sorrento Mesa submarket of San Diego. This Class A development will consist of a five-story building totaling approximately 163,000 square feet located adjacent to Healthpeak's fully-leased three-building, 196,000 square foot Sorrento Gateway campus.

Healthpeak Properties Announces New Life Science Development - Sorrento Gateway - in San Diego

DENVER, June 7, 2021 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) announced today that Turning Point Therapeutics, Inc. has executed a long-term lease for the entire Callan Ridge densification project located in the Torrey Pines submarket of San Diego. The lease is expected to commence at the end of 2022, upon completion of construction.

Healthpeak Properties Announces Full-Campus Lease for Callan Ridge Densification in San Diego

Healthpeak (PEAK) reported earnings 30 days ago. What's next for the stock?

Why Is Healthpeak (PEAK) Up 3.3% Since Last Earnings Report?

DENVER, June 2, 2021 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) announced today that its CEO, Tom Herzog, along with other members of its senior management team, will present at Nareit's REITweek 2021 Virtual Investor Conference at 11:00 a.m. (Eastern Time) on Wednesday, June 9, 2021 and is accessible to registered REITweek participants.

Healthpeak Properties to Present at Nareit's REITweek 2021 Investor Conference

DENVER, May 18, 2021 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) ("Healthpeak") announced today the consideration payable in connection with its previously announced tender offers (the "Tender Offers") to purchase for cash up to an aggregate principal amount of $550,000,000 (the "Aggregate Maximum Tender Amount") of its 3.400% Senior Notes due 2025 (the "3.400% Notes") and its 4.000% Senior Notes due 2025 (the "4.000% Notes" and, together with the 3.400% Notes, the "Notes") as described in the table below. Title of Note CUSIP Number Principal Amount Outstanding Target Allocation U.S. Treasury Reference Security Bloomberg Reference Page Fixed Spread Early Tender Premium (1)(2) Total Consideration (1)(2) 3.400% Senior Notes due 2025 40414LAM1 $600,000,000 $250,000,000 0.75% UST due April 30, 2026 FIT1 +5 bps $30 $1,085.31 4.000% Senior Notes due 2025 40414LAN9 $750,000,000 $300,000,000 0.75% UST due April 30, 2026 FIT1 +5 bps $30 $1,115.70 (1) Per $1,000 principal amount.

Healthpeak Properties Announces Pricing of Tender Offers

DENVER, May 18, 2021 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) ("Healthpeak") announced today the early tender results for its previously announced tender offers (the "Tender Offers") to purchase for cash up to an aggregate principal amount of $550,000,000 (the "Aggregate Maximum Tender Amount") of its 3.400% Senior Notes due 2025 (the "3.400% Notes") and its 4.000% Senior Notes due 2025 (the "4.000% Notes" and, together with the 3.400% Notes, the "Notes"). Title of Note CUSIP Number Principal Amount Outstanding Target Allocation U.S. Treasury Reference Security Bloomberg Reference Page Fixed Spread Early Tender Premium (1) Principal Amount Tendered at Early Tender Time Principal Amount to be Accepted 3.400% Senior Notes due 2025 40414LAM1 $600,000,000 $250,000,000 0.75% UST due April 30, 2026 FIT1 +5 bps $30 $268,152,000 $251,806,000 4.000% Senior Notes due 2025 40414LAN9 $750,000,000 $300,000,000 0.75% UST due April 30, 2026 FIT1 +5 bps $30 $298,194,000 $298,194,000 (1) Per $1,000 principal amount.

Healthpeak Properties Announces Early Tender Results of Tender Offers for Outstanding Notes

Healthpeak Properties, Inc. (PEAK) CEO Tom Herzog on Q1 2021 Results - Earnings Call Transcript

Healthpeak (PEAK) Q1 results reflect revenue growth. However, weakness in the CCRC portfolio affects results.

Healthpeak (PEAK) Q1 FFO Surpasses Estimates, Revenues Miss

Healthpeak (PEAK) delivered FFO and revenue surprises of 2.56% and -16.45%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Healthpeak (PEAK) Q1 FFO Beat Estimates

DENVER, May 4, 2021 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) today announced results for the first quarter ended March 31, 2021. FIRST QUARTER 2021 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS –      Net income of $0.27 per share, NAREIT FFO of $0.07 per share, FFO as Adjusted of $0.40 per share and blended Total Same-Store Portfolio Cash (Adjusted) NOI growth of 4.3% –      From our February 9, 2021 earnings release through April 30, 2021, closed on an additional $1 billion of senior housing sales including 31 SHOP assets at a blended 2.6% annualized trailing 3-month cap rate $564 million sale of a 12-property SHOP portfolio, totaling 1,043 units, operated by Oakmont Senior Living $334 million sale of a 10-property SHOP portfolio, totaling 1,428 units, operated by Discovery Senior Living and the sale of 2 loans and 2 preferred equity investments generating additional proceeds of $21 million Through 5 separate transactions, sale of 9 SHOP properties totaling 879 units generating total proceeds of $114 million.

Healthpeak Reports First Quarter 2021 Results

DENVER, May 4, 2021 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) announced today that it has commenced tender offers (the "Tender Offers") to purchase for cash up to an aggregate principal amount of $550,000,000 (the "Aggregate Maximum Tender Amount") of its 3.400% Senior Notes due 2025 (the "3.400% Notes") and its 4.000% Senior Notes due 2025 (the "4.000% Notes" and, together with the 3.400% Notes, the "Notes"). Title of Note CUSIP Number Principal Amount Outstanding Target Allocation U.S. Treasury Reference Security Bloomberg Reference Page Fixed Spread Early Tender Premium (1)(2) 3.400% Senior Notes due 2025 40414LAM1 $600,000,000 $250,000,000 0.75% UST due April 30, 2026 FIT1 +5 bps $30 4.000% Senior Notes due 2025 40414LAN9 $750,000,000 $300,000,000 0.75% UST due April 30, 2026 FIT1 +5 bps $30 (1)    Per $1,000 principal amount.

Healthpeak Properties Announces Tender Offers for Outstanding Notes

Life-science and medical office portfolios are likely to have aided Healthpeak's (PEAK) Q1 performance. Yet, occupancy declines and large asset disposals are expected to have dented revenue growth.

Can Life-Science Assets Aid Healthpeak's (PEAK) Q1 Earnings?

DENVER, April 29, 2021 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) announced today that its Board of Directors declared a quarterly common stock cash dividend of $0.30 per share. The dividend will be paid on May 21, 2021, to stockholders of record as of the close of business on May 10, 2021.

Healthpeak Properties® Declares Quarterly Cash Dividend on Common Stock

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Healthpeak Properties is a unique REIT company operating in the life sciences industry renting out valuable assets.

Healthpeak Properties Is A Unique REIT Company With Strong Potential

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News for Healthpeak Properties Stock (PEAK)