---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-004623"
form_type: "8-K"
ticker: "DOC"
cik: "0000765880"
company_name: "HEALTHPEAK PROPERTIES, INC."
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:50:02.396660+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Healthpeak forms Janus Living for senior housing IPO; Q4 FFO $0.47, same-store NOI +3.9%

## Summary
- Planned IPO of Janus Living, a dedicated senior housing REIT, to unlock value; Healthpeak to retain ownership stake.
- Announced $1B capital recycling plan in 2026 via asset sales, recapitalizations, loan repayments.
- Q4 2025: Net income $0.16/sh, FFO as Adj $0.47, AFFP $0.40; Total same-store NOI +3.9%.
- Acquired 1.4M sq ft South San Francisco campus for $600M; JV interest in 19-community senior housing for $314M.
- Net debt to Adjusted EBITDAre at 5.2x; Q1 2026 dividend $0.305/sh ($1.22 annualized).

## SEC filing metadata
- accession: 0001628280-26-004623
- form_type: 8-K
- ticker: DOC
- cik: 0000765880
- company_name: HEALTHPEAK PROPERTIES, INC.
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/765880/000162828026004623/0001628280-26-004623-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/765880/000162828026004623/peak-20260202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-004623
- JSON: https://secwatch.observer/filing/0001628280-26-004623.json
- Plain text: https://secwatch.observer/filing/0001628280-26-004623.txt

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