Healthpeak Properties, Inc. Stock Price, News & Analysis

Healthpeak Properties, Inc. (NYSE: PEAK) announced the completion of its holding company reorganization, converting to an Umbrella Partnership Real Estate Investment Trust (UPREIT) structure on February 10, 2023. This move allows for tax-deferred property acquisitions, aligning with typical structures of publicly traded U.S. real estate investment trusts. The reorganization involved a merger that established New Healthpeak as the publicly traded parent company, while the former corporation became Healthpeak OP, LLC. The reorganization is not expected to materially affect the company's financial position or operations, and shares continue trading under the PEAK symbol.

Healthpeak Properties (NYSE: PEAK) announced its Q4 and full-year 2022 results on February 7, 2023. Key highlights include a net income of $0.01 per share and Nareit FFO of $0.35 per share for Q4, with Same-Store Portfolio Cash (Adjusted) NOI growth of 6.6%. The life science segment showed strong results, with lease executions totaling 175,000 square feet and a 78% pre-leased development pipeline worth $900 million. The company also completed a $44 million redevelopment project and acquired 2.2 acres of land for $27 million. Healthpeak plans a UPREIT conversion by February 10, 2023. A quarterly cash dividend of $0.30 per share will be paid on February 23, 2023.

Healthpeak Properties, Inc. (NYSE: PEAK) announced a quarterly cash dividend of $0.30 per share, which will be paid on February 23, 2023. Stockholders of record as of the close of business on February 9, 2023 will receive this dividend. As a fully integrated real estate investment trust (REIT) in the S&P 500, Healthpeak focuses on high-quality real estate within the Life Science, Medical Office, and CCRC sectors. The company maintains a strong vision for long-term growth in the healthcare real estate market.

Ventas, Inc. (NYSE: VTR) has appointed J. Justin Hutchens as Chief Investment Officer while retaining his role as Executive Vice President of Senior Housing. This dual role aims to enhance capital allocation and streamline management, with Hutchens overseeing both Senior Housing and Investments teams. Hutchens, with over 25 years of experience, has successfully led Ventas’s Senior Housing business since 2020, managing nearly half of the company's portfolio. He succeeds John D. Cobb, who will transition to a strategic advisor role. This management change is viewed as a strategic move to bolster operational and investment strategies.

Healthpeak Properties, Inc. (NYSE: PEAK) announced the tax treatment of its 2022 distributions, detailing cash distributions for the year ended December 31, 2022. The total ordinary dividends amounted to $1.20 per share, with a total payment of $0.872948 per share. Of the total capital gain distributions, 89.6708% falls under 'One Year Amounts', while 10.3292% pertains to Section 897 Capital Gain. Shareholders are advised to consult tax advisors for specific treatment regarding these distributions, which were also reported in Form 1099-DIV. Healthpeak operates as a REIT focused on private-pay healthcare asset classes.

Healthpeak Properties, Inc. (NYSE: PEAK) will announce its fourth quarter and year-end 2022 financial results on February 7, 2023, after market close. A conference call and webcast, scheduled for February 8, 2023, at 9:00 a.m. MT (11:00 a.m. ET), will review the company's performance. Interested parties can join the call at (888) 317-6003 or via webcast. A replay of the call will be available until February 15, 2023. As a fully integrated real estate investment trust, Healthpeak focuses on high-quality healthcare assets in Life Science, Medical Office, and CCRC sectors.

Healthpeak Properties (NYSE: PEAK) has announced a public offering of $400 million of 5.250% senior unsecured notes due in 2032. The offering price is set at 99.883% of the principal amount, with expected net proceeds of approximately $396.9 million after deducting underwriting fees. Proceeds will be used to repay commercial paper and for general corporate purposes, which may include debt repayment and acquisitions. The offering is due to close on January 17, 2023.

Healthpeak Properties (NYSE: PEAK) announced its participation in the Nareit's REITworld 2022 Investor Conference on November 15-16, 2022. President and CEO Scott Brinker and senior management will represent the company. In preparation for this event, Healthpeak has made a presentation available in the Investor Relations section of its website. The company focuses on high-quality real estate in the healthcare sector, specifically in Life Science, Medical Office, and CCRC asset classes. For more details, visit Healthpeak's website.

Healthpeak Properties (NYSE: PEAK) reported a strong third quarter for 2022, achieving net income of $0.65 per share and Nareit FFO of $0.42 per share, with both metrics showing improvement year-over-year. The company announced a 5.1% growth in Total Same-Store Portfolio Cash (Adjusted) NOI. A significant life science leasing update reflected over 500,000 square feet leased, and a $1 billion active development pipeline is 81% pre-leased. The Board declared a quarterly dividend of $0.30 per share. The full-year guidance for FFO as Adjusted was revised to $1.72 – $1.74 per share.