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Healthpeak Properties (DOC)
NYSE:DOC
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
0.01Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 03, 2025
|% Change Since: -1.49%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements including strong earnings growth, successful merger integration, and strategic investment opportunities, particularly in the life science sector. However, the company also faces challenges such as increased interest expenses and insurance costs. Overall, the positive developments appear to outweigh the lowlights.Company Guidance
During Healthpeak Properties' fourth-quarter conference call for fiscal year 2024, the company provided guidance for 2025, highlighting expected FFO (Funds From Operations) adjusted to range from $1.81 to $1.87 per share, with an anticipated total portfolio same-store growth of 3% to 4%. The guidance also includes $500 million of planned investments, with a weighted average yield of 8% or higher. For specific segments, outpatient medical same-store growth is projected between 2.5% and 3.5%, lab growth between 3% and 4%, and CCRCs (Continuing Care Retirement Communities) between 4% and 8%. Healthpeak anticipates increased interest expenses of approximately $15 million, or $0.02 per share, due to refinancing and capital expenditures. Additionally, the company has forecasted capital spending of $600 million, primarily focused on development and redevelopment projects, with a significant emphasis on internal growth through leasing and strategic investments.Earnings Growth and Dividend Increase
Over the past three years, FFO per share grew by 12% and AFFO per share by 19%. The company announced an increase in dividends, supported by earnings growth.
Successful Merger and Asset Sales
The merger with Physicians Realty was highly successful and accretive. Closed $1.3 billion of asset sales at a compelling cap rate of 6.4%, primarily stabilized outpatient medical buildings.
Lab Segment Performance
Year-over-year same-store growth in the lab segment was 5%, exceeding expectations with a positive 11% rent mark-to-market on renewals.
Strong CCRC Portfolio Growth
Year-over-year same-store growth in the CCRC portfolio was 20.8%, driven by better-than-expected occupancy gains and entrance fees.
Strategic Life Science Investments
Announced a $75 million mortgage loan with an 8% interest rate and a purchase option in a strategic location, indicative of targeted investment strategies.
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DOC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DOC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 03, 2025 | $20.07 | $19.75 | -1.59% |
| Oct 24, 2024 | $22.34 | $21.65 | -3.09% |
| Jul 25, 2024 | $19.88 | $20.97 | +5.48% |
| Apr 25, 2024 | $17.29 | $17.72 | +2.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Healthpeak Properties (DOC) report earnings?
Healthpeak Properties (DOC) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Healthpeak Properties (DOC) earnings time?
Healthpeak Properties (DOC) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DOC EPS forecast?
DOC EPS forecast for the fiscal quarter 2025 (Q1) is 0.05.
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