Healthpeak Properties, Inc. Stock Price, News & Analysis

Healthpeak Properties (NYSE: PEAK) has priced its inaugural green bond offering, amounting to $450 million in 1.350% senior unsecured notes due 2027. The estimated net proceeds are around $445.3 million, primarily allocated to the December 2020 acquisition of Cambridge Discovery Park, a LEED Gold certified project. The offering is set to close on July 12, 2021, subject to standard conditions. The notes will aid in repaying existing debts, enhancing the company's financial stability.

Healthpeak Properties (NYSE: PEAK) has announced the construction of its Sorrento Gateway project in San Diego, consisting of a five-story, 163,000 square foot lab building. This development is part of Healthpeak's strategy to expand its portfolio in response to strong market demand and enhance tenant relationships. Following two successful projects since 2020, construction is set to begin in Q3 2021 with expected occupancy by Q1 2023. The project will feature modern design, ample amenities, and excellent accessibility.

Healthpeak Properties (NYSE: PEAK) announced a long-term lease agreement with Turning Point Therapeutics for the Callan Ridge project in San Diego's Torrey Pines area. The lease will commence at the end of 2022, following the completion of a new 185,000 square foot campus designed for life sciences. This project replaces a 90,000 square foot building, effectively doubling the leasable area. This marks Healthpeak's second significant development in Torrey Pines since 2020. The company has a strong history in the life science real estate sector.

Healthpeak Properties (NYSE: PEAK) announced that its CEO, Tom Herzog, and senior management will present at the Nareit's REITweek 2021 Virtual Investor Conference. The presentation is scheduled for June 9, 2021, at 11:00 a.m. ET and is open to registered participants. Healthpeak is a S&P 500 company focused on high-quality real estate in life science, medical office, and continuing care retirement communities (CCRCs). For further information and registration, interested parties can visit the official REITweek link.

Healthpeak Properties, Inc. (NYSE: PEAK) announced a tender offer to purchase up to $550 million of its Senior Notes, specifically targeting its 3.400% and 4.000% Notes due 2025. The offer includes a Total Consideration of $1,085.31 for the 3.400% Notes and $1,115.70 for the 4.000% Notes, with an early tender premium of $30. The deadline for tendering is June 2, 2021. Due to oversubscription, a proration will apply to the 3.400% Notes. Mizuho and Goldman Sachs are managing the tender offers. Interested holders should review the Offer to Purchase for detailed terms.

Healthpeak Properties (NYSE: PEAK) announced early results for its tender offers to purchase up to $550 million of its senior notes due 2025. The company has validly tendered $268.152 million of 3.400% notes and will accept $251.806 million of these notes, subject to a proration rate of about 94%. Additionally, all validly tendered 4.000% notes will be accepted. The offers expire on June 2, 2021. The total consideration will be determined based on fixed spreads plus yields of U.S. Treasury securities. Holders will receive accrued interest upon acceptance.

Healthpeak Properties (NYSE: PEAK) reported Q1 2021 results with net income of $0.27 per share and NAREIT FFO at $0.07 per share. The company closed $1 billion in senior housing sales, including significant transactions involving 31 SHOP assets. Acquisitions included a 14-property medical office portfolio for $371 million. The completed 75 Hayden development is 100% leased. A quarterly dividend of $0.30 per share is declared, payable on May 21, 2021. For 2021, diluted earnings guidance is updated to $0.98 – $1.06 per share.

Healthpeak Properties (NYSE: PEAK) announced tender offers to purchase up to $550 million of its senior notes maturing in 2025. The offers include $250 million of 3.400% Notes and $300 million of 4.000% Notes. The early tender deadline is set for May 17, 2021, with a total aggregate purchase amount capped at $550 million. The offers expire at 5:00 p.m. on June 2, 2021, unless extended. Noteholders can receive additional early tender premiums for submissions before the early deadline.

Healthpeak Properties, Inc. (NYSE: PEAK) has declared a quarterly cash dividend of $0.30 per share, payable on May 21, 2021. This dividend will benefit stockholders who are on record as of May 10, 2021. As a fully integrated real estate investment trust, Healthpeak focuses on healthcare real estate assets, including Life Science and Medical Office properties. The company aims for sustainable long-term growth in the healthcare market, reflecting confidence in its financial stability.