Healthpeak Properties reported a net loss of ($0.12) per share, NAREIT FFO of $0.31 per share, FFO as Adjusted of $0.40 per share and blended Total Same-Store Portfolio Cash NOI results of 2.8% for the third quarter of 2020.
Closed on the sales of 14 SHOP and NNN assets generating proceeds of approximately $100 million.
Executed a definitive agreement to acquire Cambridge Discovery Park, a 607,000 square foot life science campus in the West Cambridge submarket of Boston, MA for $664 million.
Signed a 10-year 118,000 square feet lease at the Boardwalk development project in San Diego, CA. The development is now 100% pre-leased, with initial occupancy expected in late 2021.
Declared quarterly common stock cash dividend of $0.37 per share to be paid on November 23, 2020, to stockholders of record as of the close of business on November 12, 2020.
Please see pages 45-47 in the Third Quarter 2020 Supplemental Report for a revised outlook and earnings framework.