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Healthpeak Properties, Inc. (PEAK) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

Healthpeak Properties, Inc.

CIK: 765880 Ticker: PEAK
Exhibit 99.1
    



Healthpeak Reports First Quarter 2021 Results
DENVER, May 4, 2021 - Healthpeak Properties, Inc. (NYSE: PEAK) today announced results for the first quarter ended March 31, 2021.
FIRST QUARTER 2021 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS
Net income of $0.27 per share, NAREIT FFO of $0.07 per share, FFO as Adjusted of $0.40 per share and blended Total Same-Store Portfolio Cash (Adjusted) NOI growth of 4.3%
From our February 9, 2021 earnings release through April 30, 2021, closed on an additional $1 billion of senior housing sales including 31 SHOP assets at a blended 2.6% annualized trailing 3-month cap rate
$564 million sale of a 12-property SHOP portfolio, totaling 1,043 units, operated by Oakmont Senior Living
$334 million sale of a 10-property SHOP portfolio, totaling 1,428 units, operated by Discovery Senior Living and the sale of 2 loans and 2 preferred equity investments generating additional proceeds of $21 million
Through 5 separate transactions, sale of 9 SHOP properties totaling 879 units generating total proceeds of $114 million. The operators of the SHOP properties include Sonata (5), Milestone, Sunrise Senior Living, Capital Senior Living and Brookdale Senior Living.
Acquisitions:
Acquired a 14-property medical office portfolio with 833,000 square feet for $371 million, an approximately 80,000 square foot on-campus medical office building in Denver, Colorado for $38 million and a 48,000 square foot on-campus medical office building in Nashville, Tennessee for $13 million
Closed on the first phase of the previously announced acquisition of 12 acres of land in South San Francisco, California for $61 million
Development:
Completed 75 Hayden, a 100% leased, 214,000 square foot life science development in Lexington, Massachusetts
Announced commencement of Nexus on Grand development in South San Francisco, California and densification of Callan Ridge in Torrey Pines, California
Balance sheet:
Completed the previously announced repayment of $1.45 billion senior unsecured notes due in 2023 and 2024 and announced the tender of up to $550 million of additional senior unsecured notes due in 2025
The Board of Directors declared a quarterly common stock cash dividend of $0.30 per share to be paid on May 21, 2021, to stockholders of record as of the close of business on May 10, 2021
Named to the Bloomberg Gender-Equality Index for the second consecutive year and named a Women’s Forum of New York Corporate Champion for the third time
FIRST QUARTER COMPARISON
 Three Months Ended March 31, 2021Three Months Ended March 31, 2020
(in thousands, except per share amounts)AmountPer ShareAmountPer Share
Net income (loss), diluted$143,337 $0.27 $279,979 $0.54 
NAREIT FFO, diluted40,233 0.07 173,186 0.34 
FFO as Adjusted, diluted217,331 0.40 228,562 0.45 
AFFO, diluted186,135 209,214 
Page 1

The following information was filed by Healthpeak Properties, Inc. (PEAK) on Tuesday, May 4, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Healthpeak Properties, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Equity
Consolidated Statements Of Equity (Parenthetical)
Consolidated Statements Of Operations
Accounts Payable, Accrued Liabilities, And Other Liabilities
Accounts Payable, Accrued Liabilities, And Other Liabilities (Details)
Accounts Payable, Accrued Liabilities, And Other Liabilities (Tables)
Business
Commitments And Contingencies
Commitments And Contingencies (Details)
Debt
Debt (Tables)
Debt - Bank Line Of Credit And Term Loans (Details)
Debt - Commercial Paper Program (Details)
Debt - Debt Maturities (Details)
Debt - Mortgage Debt (Details)
Debt - Senior Unsecured Notes (Details)
Derivative Financial Instruments
Derivative Financial Instruments - Narrative (Details)
Dispositions Of Real Estate And Discontinued Operations
Dispositions Of Real Estate And Discontinued Operations (Tables)
Dispositions Of Real Estate And Discontinued Operations - Assets And Liabilities For Discontinued Operations (Details)
Dispositions Of Real Estate And Discontinued Operations - Dispositions Of Real Estate (Details)
Dispositions Of Real Estate And Discontinued Operations - Dispositions Of Real Estate (Details)
Dispositions Of Real Estate And Discontinued Operations - Held For Sale And Discontinued Operations (Details)
Dispositions Of Real Estate And Discontinued Operations - Schedule Of Results Of Discontinued Operations (Details)
Earnings Per Common Share
Earnings Per Common Share (Tables)
Earnings Per Common Share - Computation Of Eps (Details)
Earnings Per Common Share - Narrative (Details)
Equity
Equity (Tables)
Equity - Additional Information (Details)
Equity - Aoci (Details)
Fair Value Measurements
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Intangibles
Intangibles (Tables)
Intangibles - Intangibles Lease Assets (Details)
Intangibles - Intangibles Lease Liabilities (Details)
Intangibles - Narrative (Details)
Investments In And Advances To Unconsolidated Joint Ventures
Investments In And Advances To Unconsolidated Joint Ventures (Details)
Investments In And Advances To Unconsolidated Joint Ventures (Tables)
Leases
Leases (Tables)
Leases - Direct Financing Lease Sale And Conversion (Details)
Leases - Direct Financing Leases (Details)
Leases - Lease Costs (Details)
Leases - Lease Income (Details)
Leases - Rent Deferrals (Details)
Loans Receivable
Loans Receivable (Tables)
Loans Receivable - Narrative (Details)
Loans Receivable - Schedule Of Loans Receivable (Details)
Loans Receivable - Schedule Of Loans Receivable By Origination Year (Details)
Loans Receivable - Schedule Of Reserve For Loan Losses (Details)
Master Transactions And Cooperation Agreement With Brookdale
Master Transactions And Cooperation Agreement With Brookdale (Details)
Real Estate Transactions
Real Estate Transactions - Development Activities (Details)
Real Estate Transactions - Real Estate Investments (Details)
Segment Disclosures
Segment Disclosures (Tables)
Segment Disclosures - Revenues By Segment (Details)
Segment Disclosures - Summary Information For The Reportable Segments (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Government Grant Income (Details)
Summary Of Significant Accounting Policies - Narrative (Details)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (Tables)
Supplemental Cash Flow Information - Schedule Of Cash, Cash Equivalents And Restricted Cash (Details)
Supplemental Cash Flow Information - Summary Of Cash Flow Information Discontinued Operations (Details)
Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details)
Variable Interest Entities
Variable Interest Entities (Tables)
Variable Interest Entities - Consolidated Assets And Liabilities Of Vies (Details)
Variable Interest Entities - Narrative (Details)
Variable Interest Entities - Schedule Of Variable Interest Entities (Details)

Material Contracts, Statements, Certifications & more

Healthpeak Properties, Inc. provided additional information to their SEC Filing as exhibits

Ticker: PEAK
CIK: 765880
Form Type: 10-Q Quarterly Report
Accession Number: 0001628280-21-009094
Submitted to the SEC: Wed May 05 2021 4:18:16 PM EST
Accepted by the SEC: Wed May 05 2021
Period: Wednesday, March 31, 2021
Industry: Real Estate Investment Trusts

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