earnings
confidence high
sentiment positive
materiality 0.70
Healthpeak Q3 FFO as Adjusted $0.45; raises FY guidance; lab leasing 733K sq ft
HEALTHPEAK PROPERTIES, INC.
2024-Q3 EPS reported
$0.36
revenue$2,002,461,000
- Net income $0.12/share; FFO as Adjusted $0.45; AFFO $0.41; same-store cash NOI growth 4.1%.
- Raised 2024 FFO as Adjusted and AFFO guidance midpoint by +$0.01/share and same-store NOI growth by +50bps.
- Expected merger synergies increased to ~$50M; 733K sq ft lab leases executed in Q3 and Oct 2024.
- Outpatient medical leases: 3M sq ft with 89% retention; $37M development in Kansas City 100% pre-leased.
- Board declared $0.30/share quarterly dividend (Nov 15 pay date); Net debt/Adjusted EBITDAre 5.1x.