Healthpeak Properties Inc - DOC STOCK NEWS

Healthpeak Properties (NYSE: DOC) and Hines have announced a strategic partnership to develop the residential components of the Cambridge Point master-planned district in Cambridge, Massachusetts. The 40-acre development has potential for up to 5 million square feet of mixed-use space.

Located adjacent to the MBTA Rapid Transit Rail Station in Alewife, the project will feature multifamily residential units, research and lab space, and retail. Hines will lead residential development and plans to begin construction on the first residential building within 12 months after receiving entitlements, expected in H2 2026.

The development includes over 7 acres of public open space and will feature a pedestrian bridge connecting to the MBTA red line. As the final large-scale development opportunity in Cambridge, the project builds on Healthpeak's position as the largest commercial property owner in West Cambridge.

Healthpeak Properties (NYSE: DOC) has promoted Kelvin Moses to Chief Financial Officer. Moses, who joined the company in 2018, previously served as Executive Vice President of Investments and Portfolio Management. In his most recent role, he led the integration of the $5 billion Physicians Realty Trust merger, which achieved $50 million in first-year synergies - $10 million above initial forecasts - establishing Healthpeak as the largest owner of outpatient medical real estate nationwide.

Prior to Healthpeak, Moses worked in healthcare and real estate investment banking at Barclays PLC. The company's existing leadership team remains in place, including Shawn Johnston as EVP and Chief Accounting Officer, Ankit Patadia as EVP and Treasurer, Andrew Johns leading investor relations, and Erika Gjovik heading portfolio management.

Healthpeak Properties (NYSE: DOC) has announced its monthly common stock cash dividend schedule for Q2 2025. The Board of Directors declared a monthly dividend of $0.10167 per share, representing an annualized dividend amount of $1.22 per share.

The dividends will be distributed according to the following schedule:

• April: Record date April 18, payment date April 30
• May: Record date May 19, payment date May 30
• June: Record date June 16, payment date June 27

Healthpeak Properties (NYSE: DOC) announced the resignation of Peter Scott from his position as Chief Financial Officer. Scott is departing to become the Chief Executive Officer of Healthcare Realty Trust Incorporated (NYSE: HR).

Scott Brinker, Healthpeak's President and CEO, acknowledged Scott's eight-year tenure during which the company underwent significant repositioning of its portfolio, balance sheet, and platform. The company plans to name an internal successor in the coming weeks as part of their succession plan.

Healthpeak Properties (NYSE: DOC) has scheduled its first quarter 2025 earnings release for Thursday, April 24, 2025, after the NYSE trading close. The company, which specializes in healthcare real estate, will host a conference call and webcast on Friday, April 25, 2025, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) to discuss financial performance and operating results.

Stakeholders can access the conference through Healthpeak's website, a dedicated webcast link, or via telephone at (800) 715-9871. The webcast recording will remain available on the company's website until April 24, 2026, while a telephonic replay can be accessed through May 2, 2025, using (800) 770-2030 with conference ID 95156.

Healthpeak Properties (NYSE: DOC) announced that its operating company, Healthpeak OP, , has priced a public offering of $500.0 million of 5.375% senior unsecured notes due 2035. The notes will be priced at 99.549% of principal amount, with estimated net proceeds of $494.5 million after underwriting discount.

The company plans to use the proceeds to repay commercial paper borrowings and for general corporate purposes, including potential debt repayment, acquisitions, development activities, and capital expenditures. The offering is expected to close on February 14, 2025.

Wells Fargo Securities, BNP PARIBAS, Goldman Sachs & Co. , PNC Capital Markets , and TD Securities are serving as joint book-running managers for the offering.

Healthpeak Properties (NYSE: DOC) reported its Q4 and full-year 2024 results, highlighting a 1.7% increase in quarterly dividend to $0.305 per share. Q4 performance showed net income of $0.01 per share and FFO of $0.46 per share, with Total Same-Store Portfolio Cash NOI growth of 5.4%.

The company executed 1.5 million square feet of new and renewal leases in Q4, with outpatient medical achieving 83% retention. Notable achievements include completing the Physicians Realty Trust merger, achieving $50 million in merger-related synergies, and closing $1.3 billion in dispositions at a 6.4% cap rate.

Starting April 2025, Healthpeak will transition to monthly dividend payments of approximately $0.10167 per share. The company also announced executive promotions and transitions, including new leadership roles effective March 1, 2025.

Healthpeak Properties (NYSE: DOC) has released the tax treatment details for its 2024 distributions. The company paid quarterly dividends of $0.30 per share, totaling $1.20 per share for the year. The distributions were categorized as follows:

- 60.03% as Ordinary Dividends ($0.720440 per share)
- 24.59% as Capital Gains ($0.295060 per share)
- 15.38% as Nondividend Distributions ($0.184500 per share)

The company confirmed that both 'One Year Amounts' and 'Three Year Amounts' under Section 1061 are zero for 2024 distributions, as all capital gain dividends relate to Section 1231 gains. For foreign owners, Section 897 Capital Gain represents 100% of total capital gain distributions.

Healthpeak Properties (NYSE: DOC) has announced it will release its fourth quarter and full year 2024 financial results after the NYSE market close on Monday, February 3, 2025. The company will host a conference call and webcast on Tuesday, February 4, 2025, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) to discuss its performance and operating results.

The conference call will be accessible through multiple channels, including Healthpeak's investor relations website and a dedicated webcast link. For those planning to ask questions, telephone participation is available via (800) 715-9871. The webcast recording will remain available on Healthpeak's website until February 3, 2026, while a telephonic replay can be accessed through February 11, 2025, using (800) 770-2030 with conference ID 95156.