Healthpeak Properties, Inc. Stock Price, News & Analysis

Healthpeak Properties (NYSE: PEAK) has announced the commencement of the densification project at its Callan Ridge campus in San Diego's Torrey Pines submarket. This initiative aims to replace an outdated 90,000 sq. ft. building with a modern two-building campus totaling 185,000 sq. ft., almost doubling the current leasable area. The project aligns with Healthpeak's commitment to the life science sector, enhancing the Torrey Pines Science Park and supporting its tenants' needs. Notably, this marks their second development in the area since 2020, following the successful leasing of The Boardwalk.

Healthpeak Properties (NYSE: PEAK) has announced the construction of a new Class A lab development, Nexus on Grand, in South San Francisco. This five-story building will span approximately 141,000 square feet and will feature advanced lab-ready systems. Healthpeak aims to meet the increasing demand in one of the leading life science markets. This will be Healthpeak's third ground-up development in the area since 2015, following successful leasing at previous projects.

Healthpeak Properties (NYSE: PEAK) will present at the Barclays 2021 Global Healthcare Conference on March 11, 2021, at 10:55 a.m. Eastern Time. CEO Tom Herzog will lead the presentation, which can be accessed via a webcast. A replay will be available until March 11, 2022. Healthpeak is a fully integrated REIT focusing on high-quality real estate in life science, medical office, and continuing care retirement communities. For more information, visit www.healthpeak.com.

Healthpeak Properties (NYSE: PEAK) announced that CEO Tom Herzog will present at the Citi 2021 Global Property CEO Conference on March 8, 2021, at 3:30 p.m. Eastern Time. The presentation will be accessible through a webcast on the company's website, with a replay available until March 8, 2022. Healthpeak is a fully integrated real estate investment trust focusing on healthcare asset classes, including Life Science, Medical Office, and CCRCs. More details can be found on their official site.

Healthpeak Properties (NYSE: PEAK) reported a strong fourth quarter and full year 2020 performance. Key metrics include a net income of $0.27 per share and a NAREIT FFO of $1.30 per share. The company announced significant asset sales, generating $4 billion from senior housing assets, and has made strategic acquisitions, including a $34 million land parcel in Dallas. For 2021, Healthpeak forecasts diluted earnings per share between $1.02 and $1.12. Additionally, the board declared a quarterly dividend of $0.30 per share, effective March 5, 2021.

Healthpeak Properties (NYSE: PEAK) announced the results of its cash tender offers for up to $1.45 billion of its senior notes, which included three series: $300 million of 4.250% notes due 2023, $350 million of 4.200% notes due 2024, and $800 million of 3.875% notes due 2024. As of January 27, 2021, the company reported valid tenders of $111.94 million, $200.84 million, and $469.12 million for these notes, respectively. The purchase price will be paid on January 28, 2021, with remaining securities expected to be redeemed later. Cash proceeds from senior housing disposals will fund these buybacks.

Healthpeak Properties (NYSE: PEAK) announced the pricing for its cash tender offers, allowing investors to sell any outstanding securities. The offers include various senior notes, with the expiration set for January 27, 2021. The purchase prices are determined based on a fixed spread and reference yields, including accrued interest. Healthpeak intends to use proceeds from closed senior housing dispositions to fund the purchase. The settlement date is expected on January 28, 2021, with additional payments for accepted securities due on February 1, 2021.

Healthpeak Properties (NYSE: PEAK) has initiated offers to purchase cash securities totaling $1.45 billion from registered holders. The securities include several series of senior notes, with offers expiring on January 27, 2021. The purchase price will reflect a yield based on the reference yield and fixed spread for each security, with payment planned from proceeds of senior housing dispositions. The settlement date is expected on January 28, 2021. Healthpeak's offers are independent and not contingent on any minimum principal amount being tendered.

On January 15, 2021, Healthpeak Properties (NYSE: PEAK) announced the tax treatment of its 2020 distributions for shareholders. The total cash distribution for the year was $1.48 per share, with ordinary dividends amounting to $0.713864 and capital gains distributions reported as zero. Shareholders are advised to consult tax advisors regarding the Section 199A dividends, which require holding shares for at least 45 days. The press release also outlines compliance with Treasury Regulations related to capital gain dividends.