8-K
filed November 1, 2022, 7:59 PM ET
ticker DOC
CIK 0000765880
earnings
confidence high
sentiment positive
materiality 0.75
Healthpeak Q3 net income $0.65/sh; same-store NOI up 5.1%; raises FY guidance; names new CEO
HEALTHPEAK PROPERTIES, INC.
2022-Q3 EPS reported
$0.91
revenue$1,536,710,000
- Q3 net income $0.65 per diluted share vs $0.10 prior year; Nareit FFO $0.42, FFO as Adjusted $0.43.
- Blended total same-store cash (adjusted) NOI growth of 5.1% (life science 5.4%, MOB 4.9%).
- Increasing full-year 2022 FFO as Adjusted and total portfolio same-store cash NOI growth guidance.
- Board declared $0.30 quarterly dividend, payable Nov 18 to record Nov 7.
- Appointed Scott Brinker as President and CEO; Jeffrey Miller named General Counsel succeeding Troy McHenry.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
HEALTHPEAK PROPERTIES, INC. reported third quarter ended September 30, 2022 results: net income $353,366, EPS $0.65.
- Period
- third quarter ended September 30, 2022
- Net income
- $353,366
- EPS
- $0.65
- Result
- reported results
Exact text from the filing
THIRD QUARTER 2022 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS – Net income of $0.65 per share, Nareit FFO of $0.42 per share, FFO as Adjusted of $0.43 per share, and blended Total Same-Store Portfolio Cash (Adjusted) NOI growth of 5.1% ▪ Life Science and MOB Same-Store Portfolio Cash (Adjusted) NOI growth of 5.4% and 4.9%, respectively – Increasing full-year 2022 FFO as Adjusted and Total Portfolio Same-Store Cash (Adjusted) NOI growth guidance – Life science leasing update: ▪ Third quarter lease executions totaled over 500,000 square feet ▪ $1 billion active life science development pipeline is 81% pre-leased – Balance Sheet: ▪ Closed on the previously announced $500 million delayed draw senior unsecured term loans and related interest rate swaps resulting in a 3.5% fixed contractual rate through the initial 2027 maturities ▪ Net debt to adjusted EBITDAre and liquidity were 5.3x and $2
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
HEALTHPEAK PROPERTIES, INC. updated its full-year 2022 guidance (raised).
- Period
- full-year 2022
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
Increasing full-year 2022 FFO as Adjusted and Total Portfolio Same-Store Cash (Adjusted) NOI growth guidance
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeffrey H. Miller was appointed as General Counsel at HEALTHPEAK PROPERTIES, INC..
- Action
- appointed
- Role
- General Counsel
Exact text from the filing
On November 1, 2022, the Board of Directors of Healthpeak appointed Jeffrey H. Miller, Healthpeak’s Executive Vice President, as General Counsel, effective November 1, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Troy E. McHenry departed as Chief Legal Officer and General Counsel at HEALTHPEAK PROPERTIES, INC..
- Action
- stepped down
- Role
- Chief Legal Officer and General Counsel
Exact text from the filing
Mr. Miller succeeds Troy E. McHenry, who mutually agreed with Healthpeak to step down from his position as Chief Legal Officer and General Counsel, effective November 1, 2022.
View on SEC.gov
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