DOC Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Healthpeak Properties delivered a standout fourth quarter, posting earnings per share of $0.16 against a consensus estimate of $0.07, a beat of 132.90%, while revenue of $719.40 million cleared expectations of $641.73 million by 12.10% and rose 3.1% … Read more Healthpeak Properties delivered a standout fourth quarter, posting earnings per share of $0.16 against a consensus estimate of $0.07, a beat of 132.90%, while revenue of $719.40 million cleared expectations of $641.73 million by 12.10% and rose 3.1% year-over-year. The primary engine behind the outperformance was aggressive capital deployment, headlined by the $600.00 million acquisition of the Gateway Crossing life science campus in South San Francisco and roughly $675.00 million in senior housing investments assembled during the quarter. Perhaps the boldest strategic move was the announced formation of Janus Living, Inc., a dedicated senior housing REIT that Healthpeak plans to take public in the first half of 2026, a structure management believes will unlock value that diversified REITs have historically struggled to capture in public markets, a theme resonating broadly across the healthcare real estate sector. Looking ahead, Healthpeak guided 2026 Nareit FFO per share to $1.70 to $1.74, with same-store NOI growth of negative 1% to positive 1%, as life science fundamentals show early signs of stabilization after a prolonged downturn.