Healthpeak Properties, Inc.

DOC
Sector

Real Estate

Industry

REIT - Healthcare Facilities

Market Cap

$14.28B

Employees

104

Company Overview

Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates and develops high-quality real estate focused on healthcare discovery and delivery.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Net income applicable to common shares decreased by $17.1 million YoY to $152.3 million for the six months ended June 30, 2024. This decrease was primarily due to transaction and merger-related costs and increased depreciation from acquired assets.

Total revenues increased by $230.9 million YoY to $1,302.1 million for the six months ended June 30, 2024. This increase is primarily attributed to the merger with Physicians Realty Trust, which expanded the company's portfolio.

Adjusted NOI increased by $112.2 million YoY to $590.9 million for the six months ended June 30, 2024. This increase reflects improved operational performance, driven by the acquired assets and the existing portfolio.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights