Healthpeak Pptys Inc

Latest Results (17.12.2024):

Net Income and Earnings

In the third quarter of 2024, Healthpeak Properties Inc. reported a net income of $0.12 per share. The Nareit Funds From Operations (FFO) was $0.44 per share, while the FFO as Adjusted was $0.45 per share. Additionally, the Adjusted Funds From Operations (AFFO) stood at $0.41 per share, reflecting the company's stable financial performance during this period.

Revenue and Growth

Healthpeak Properties Inc. experienced a Total Merger-Combined Same-Store Cash (Adjusted) Net Operating Income (NOI) growth of 4.1% in the third quarter of 2024. This growth indicates a positive trend in the company's revenue generation from its real estate operations, particularly in the healthcare sector.

Dividend Declaration

For the third quarter of 2024, Healthpeak Properties Inc.'s Board of Directors declared a quarterly cash dividend of $0.30 per share on common stock. This dividend is scheduled to be paid on November 15, 2024, to stockholders of record as of November 4, 2024, demonstrating the company's commitment to returning value to its shareholders.

Leasing Activity

During the third quarter of 2024, Healthpeak Properties Inc. executed 465,000 square feet of lab leases, contributing to a total of 733,000 square feet of lease executions through October 24, 2024. This leasing activity highlights the company's strong momentum in the life science sector, with significant lease agreements at key campuses like Portside and Vantage.

Outlook and Guidance

Healthpeak Properties Inc. increased the midpoint of its 2024 FFO as Adjusted and AFFO guidance by $0.01 per share. Additionally, the company raised its Total Merger-Combined Same-Store Cash (Adjusted) NOI growth guidance by 50 basis points at the midpoint, reflecting a positive outlook for the remainder of the year and anticipated merger-related synergies of approximately $50 million.