Healthpeak Q1 FFO as Adjusted $0.45 beats; raises full-year guidance midpoint by $0.02

HEALTHPEAK PROPERTIES, INC.

2024-Q1 EPS reported $0.01 revenue$606,560,000

Q1 net income $0.01/sh; FFO as Adj $0.45 (vs $0.42 YoY); AFFO $0.41 (vs $0.38).
Same-store Cash NOI grew 4.5%; full-year FFO as Adj midpoint +$0.02; NOI growth +25 bps.
Repurchased $100M stock at avg $17.11; YTD dispositions $363M; new $750M term loan at 4.5% fixed.
Net debt to EBITDAre 5.2x; merger synergy forecast raised by $5M to $45M.
Internalized property management in 10 markets (17M sq ft) year-to-date.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HEALTHPEAK PROPERTIES, INC. reported the three months ended March 31, 2024 results: net income $0.01 per share. Guidance raised.

Period: the three months ended March 31, 2024
Net income: $0.01 per share
Guidance: raised
Result: reported results

Exact text from the filing

Healthpeak Properties, Inc., a Maryland corporation (“Healthpeak”), issued a press release setting forth its financial results for the three months ended March 31, 2024.

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HEALTHPEAK PROPERTIES, INC. filing history →

Source: SEC EDGAR

accession 0001628280-24-018179

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