Healthpeak Properties Reports Strong 2024 Results

Healthpeak Properties, Inc. ( (DOC) ) has released its Q4 earnings. Here is a breakdown of the information Healthpeak Properties, Inc. presented to its investors.

Healthpeak Properties, Inc. is a real estate investment trust that specializes in owning, operating, and developing properties for healthcare discovery and delivery. The company is a significant player in the healthcare real estate sector, with a comprehensive portfolio that supports healthcare facilities across the United States.

In its latest earnings report for the fourth quarter and full year of 2024, Healthpeak Properties, Inc. announced a modest increase in net income per share alongside a rise in dividends. The company also highlighted its record leasing activities and significant achievements in sustainability and responsible business practices.

Key financial metrics for the fourth quarter 2024 included a net income of $0.01 per share, Nareit FFO of $0.44 per share, and an AFFO of $0.40 per share. For the full year, Healthpeak reported a net income of $0.36 per share and a Total Same-Store Portfolio Cash NOI growth of 5.4%. The completion of the Physicians Realty Trust merger was a notable strategic move, yielding $50 million in merger-related synergies. The company also achieved a record year of leasing with over 8 million square feet of executions, and continued its expansion with new developments.

Healthpeak’s Board of Directors declared a 1.7% increase in the quarterly cash dividend, and the company plans to transition to a monthly dividend starting in April 2025. Management changes were also announced, with promotions and leadership transitions set to support future growth. Additionally, Healthpeak extended the maturity of a $3 billion revolving credit facility to 2029, reinforcing its financial stability.

Looking ahead, Healthpeak Properties forecasts a steady performance for 2025 with expected earnings per share between $0.30 and $0.36. The company remains committed to leveraging its strategic initiatives and sustainable practices to drive growth and deliver value to its shareholders.