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Jun 30, 2021

Healthpeak Q2 2021 Earnings Report

Reported results for the second quarter of 2021, featuring earnings per share of $0.51, Nareit FFO per share of $0.28, and FFO as Adjusted per share of $0.40. Same-Store Portfolio Cash (Adjusted) NOI grew by 1.2%.

Key Takeaways

Healthpeak Properties reported a net income of $0.51 per share for the second quarter of 2021. The company closed on $425 million of MOB acquisitions and completed tender offers for $550 million of senior unsecured notes. Total pro forma Same-Store Portfolio Cash (Adjusted) NOI growth was 7.6% excluding government grants received under the CARES Act at CCRC properties.

Net income of $0.51 per share.

Nareit FFO of $0.28 per share.

FFO as Adjusted of $0.40 per share.

Blended Total Same-Store Portfolio Cash (Adjusted) NOI growth of 1.2%.

Total Revenue
$113M
Previous year: $109M
+3.5%
EPS
$0.26
Previous year: $0.27
-3.7%
Gross Profit
$286M
Previous year: $231M
+24.0%
Cash and Equivalents
$96.9M
Previous year: $672M
-85.6%
Total Assets
$14.3B
Previous year: $16.3B
-12.2%

Healthpeak

Healthpeak

Forward Guidance

Healthpeak is updating the following guidance ranges for full year 2021: Diluted earnings per common share from $0.98 – $1.06 to $0.95 – $1.01, Diluted Nareit FFO per share from $1.09 – $1.17 to $1.06 – $1.12, Diluted FFO as Adjusted per share from $1.53 – $1.61 to $1.55 – $1.61, Blended Total Portfolio Same-Store Cash (Adjusted) NOI growth from 1.75% – 3.25% to 2.25% – 3.75%.