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Mar 31, 2020
Healthpeak Q1 2020 Earnings Report
Healthpeak's financial performance was detailed for Q1 2020, highlighting net income, NAREIT FFO, FFO as Adjusted, and same-store portfolio cash NOI growth.
Key Takeaways
Healthpeak Properties reported a net income of $0.54 per share, NAREIT FFO of $0.34 per share, and FFO as Adjusted of $0.45 per share for the first quarter of 2020. The blended Total Same-Store Portfolio Cash NOI growth was 2.0%.
Settled remaining outstanding equity forward contracts for proceeds of approximately $1.06 billion in March 2020.
Total liquidity as of April 30 reached $3.0 billion with full availability on Healthpeak’s $2.5 billion revolving credit facility.
Closed on transactions with Brookdale Senior Living in January 2020, including the acquisition of Brookdale's 51% interest in 13 CCRCs for $641 million and the sale of the 18-property triple-net portfolio for $405 million.
Delivered Phase IV of The Cove, representing 164,000 square feet that is 100% leased.
Revenue by Segment
Forward Guidance
Healthpeak withdrew previously provided guidance due to uncertainty related to the COVID-19 pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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