Healthpeak Properties Inc Stock Price, News & Analysis

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.

Healthpeak Properties (NYSE: DOC) has successfully amended and extended its $3 billion revolving credit facility. The Credit Facility will initially mature in January 2029, with two possible six-month extensions. Based on current credit ratings, it bears interest at SOFR plus 77.5 basis points and includes a facility fee of 15 basis points per annum on the entire revolving commitment.

The company received strong support from its lender group, which offered over $5 billion in total commitments. The transaction was arranged by BofA Securities, JPMorgan Chase Bank, and Wells Fargo Securities, with Bank of America serving as the Administrative Agent.

Healthpeak Properties (NYSE: DOC) has increased its full-year 2024 guidance following strong performance across its lab, outpatient medical, and CCRC portfolios. The company revised its Diluted FFO as Adjusted per share upward to $1.80-$1.82 from $1.79-$1.81, and Diluted AFFO per share to $1.57-$1.59 from $1.56-$1.58. The Total Merger-Combined Same-Store Cash NOI growth projection was also raised to 4.0%-5.0% from 3.5%-4.5%.

Healthpeak Properties (NYSE: DOC), a healthcare real estate company focused on ownership, operations, and development, has released an investor presentation ahead of upcoming investor meetings. The presentation materials are accessible through the company's investor relations website.

Healthpeak Properties reported strong Q3 2024 results with net income of $0.12 per share, Nareit FFO of $0.44 per share, and FFO as Adjusted of $0.45 per share. The company achieved 4.1% Total Merger-Combined Same-Store Cash NOI growth and increased its 2024 guidance. Key highlights include executing 733,000 square feet of life science lease agreements, 3 million square feet of outpatient medical leases with 89% retention, and increasing expected merger-related synergies to $50 million. The company maintained strong financial health with Net Debt to Adjusted EBITDAre at 5.1x and declared a quarterly dividend of $0.30 per share.