Healthpeak Properties, Inc. ( (DOC) ) has released its Q1 earnings. Here is a breakdown of the information Healthpeak Properties, Inc. presented to its investors.
Healthpeak Properties, Inc. is a real estate investment trust (REIT) that specializes in owning, operating, and developing real estate for healthcare discovery and delivery. The company is a prominent player in the healthcare real estate sector, known for its strategic investments and developments.
In the first quarter of 2025, Healthpeak Properties reported a net income of $0.06 per share and a Nareit FFO of $0.45 per share. The company declared a monthly common stock cash dividend of $0.10167 per share for the second quarter, amounting to an annualized dividend of $1.22 per share. Additionally, Healthpeak executed new and renewal leases totaling 1.2 million square feet, with significant activity in both outpatient medical and lab spaces.
Key financial highlights include a 7.0% growth in Total Same-Store Portfolio Cash (Adjusted) NOI and the issuance of $500 million in senior unsecured notes. The company also entered a long-term partnership with Hines for the development of the Cambridge Point mixed-use project and originated a $41 million secured outpatient medical development loan in Texas. Healthpeak’s balance sheet remains robust, with $2.8 billion in available liquidity.
Looking forward, Healthpeak Properties maintains a positive outlook for 2025, reaffirming its guidance ranges for the year. The company expects diluted earnings per share between $0.30 and $0.36 and anticipates continued growth in its Same-Store Cash (Adjusted) NOI. Healthpeak remains committed to strategic investments and partnerships to enhance its portfolio and deliver value to shareholders.