---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-003886"
form_type: "8-K"
ticker: "DOC"
cik: "0000765880"
company_name: "HEALTHPEAK PROPERTIES, INC."
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T06:05:25.038835+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Healthpeak Q4 FFO as Adj $0.46/share; Same-store NOI +3.6%; new $236M lab JV

## Summary
- Q4 net income $0.13/share, Nareit FFO $0.48, FFO as Adj $0.46, AFFO $0.36; FY23 net income $0.56, Nareit FFO $1.79, FFO as Adj $1.78, AFFO $1.53.
- Total Same-Store Portfolio Cash NOI growth 3.6% Q4, 4.8% full-year.
- Q4 lease executions 1.1M sq ft (743K outpatient, 312K lab); YTD 2024 lab leases 58K sq ft + 115K under LOI.
- Entered $236M JV selling 65% interest in Callan Ridge lab campus in San Diego (Jan 2024).
- Net Debt to Adjusted EBITDAre 5.2x; issued $750M senior unsecured notes at ~5.35% blend.

## SEC filing metadata
- accession: 0001628280-24-003886
- form_type: 8-K
- ticker: DOC
- cik: 0000765880
- company_name: HEALTHPEAK PROPERTIES, INC.
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/765880/000162828024003886/0001628280-24-003886-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/765880/000162828024003886/peak-20240208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-003886
- JSON: https://secwatch.observer/filing/0001628280-24-003886.json
- Plain text: https://secwatch.observer/filing/0001628280-24-003886.txt

## Key facts
- Earnings Releases
  HEALTHPEAK PROPERTIES, INC. reported Three Months Ended December 31, 2023 results: net income $70,787 thousand, EPS $0.13.
  - Period: Three Months Ended December 31, 2023
  - Net income: $70,787 thousand
  - EPS: $0.13
  - Result: reported results
  source text: FOURTH QUARTER 2023 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS – Net income of $0.13 per share, Nareit FFO of $0.48 per share, FFO as Adjusted of $0.46 per share, AFFO of $0.36 per share, and Total Same-Store Portfolio Cash (Adjusted) NOI growth of 3.6% – Fourth quarter new and renewal lease executions totaled 1.1 million square feet: ▪ Outpatient Medical new and renewal lease executions totaled 743,000 square feet ▪ Lab new and renewal lease executions totaled 312,000 square feet ▪ Year-to-date 2024 Lab lease executions of 58,000 square feet with an additional 115,000 square feet under signed LOI – Received entitlements for an additional 1.3 million square feet of lab development at the Vantage campus in South San Francisco – Commenced two on-campus outpatient developments in our HCA Healthcare ("HCA") development program – Entered into a new $236 million joint venture through the sale
  evidence_url: https://www.sec.gov/Archives/edgar/data/765880/000162828024003886/0001628280-24-003886-index.htm
- Earnings Releases
  HEALTHPEAK PROPERTIES, INC. reported Year Ended December 31, 2023 results: net income $304,284 thousand, EPS $0.56.
  - Period: Year Ended December 31, 2023
  - Net income: $304,284 thousand
  - EPS: $0.56
  - Result: reported results
  source text: int venture through the sale of a 65% interest in the Callan Ridge lab campus in the Torrey Pines submarket of San Diego in January 2024 – Net Debt to Adjusted EBITDAre was 5.2x for the quarter ended December 31, 2023 FULL-YEAR 2023 HIGHLIGHTS – Net income of $0.56 per share, Nareit FFO of $1.79 per share, FFO as Adjusted of $1.78 per share, AFFO of $1.53 per share, and Total Same-Store Portfolio Cash (Adjusted) NOI growth of 4.8% – Portfolio leasing summary: ▪ Full-year outpatient lease executions totaled 4.1 million square feet, with +4% cash releasing spreads on renewals ▪ Full-year lab lease executions totaled 985,000 square feet, with +23% cash releasing spreads on renewals – Development highlights: ▪ 2023 completions and new starts: ▪ Nexus on Grand: Delivered the fully leased, 148,000 square foot, $161 million lab building in South San Francisco ▪ Vantage: Delivered the fully leas
  evidence_url: https://www.sec.gov/Archives/edgar/data/765880/000162828024003886/0001628280-24-003886-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.