Sector: Real Estate|Industry: REIT - Healthcare Facilities|Market Cap: $14.28B|Employees: 104
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.
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.