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Healthpeak Properties, Inc. (PEAK) SEC Filing 10-Q Quarterly Report for the period ending Thursday, September 30, 2021

Healthpeak Properties, Inc.

CIK: 765880 Ticker: PEAK
Exhibit 99.1
    



Healthpeak Reports Third Quarter 2021 Results
DENVER, November 2, 2021 - Healthpeak Properties, Inc. (NYSE: PEAK) today announced results for the third quarter ended September 30, 2021.
THIRD QUARTER 2021 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS
Net income of $0.10 per share, Nareit FFO of $0.36 per share, FFO as Adjusted of $0.40 per share, and blended Total Same-Store Portfolio Cash (Adjusted) NOI growth of 3.2%
Life Science and MOB Same-Store Portfolio Cash (Adjusted) NOI growth of 6.8% and 2.9%, respectively
Total pro forma Same-Store Portfolio Cash (Adjusted) NOI growth of 4.1% excluding government grants received under the CARES Act at our CCRC properties
Announced $782 million of new acquisitions:
Through a series of eight separate transactions, and $625 million of initial investment, assembled 36 acres of income-producing properties and covered land plays in the Alewife submarket of West Cambridge to support significant future life science development activity over the next decade or more
Acquired a five acre covered land play in the Sorrento Mesa submarket of San Diego for $20 million to further strengthen our sizable position in the submarket and support future development
$137 million of new on-campus MOB acquisitions
Life science development leasing:
Signed 178,000 square feet of new leases at our active developments, including 36,000 square feet at The Shore at Sierra Point Phase II, bringing the project to 100% pre-leased, and 142,000 square feet at 101 CambridgePark Drive, bringing the project to 88% pre-leased
Active life science developments 87% pre-leased as of the end of the third quarter
New life science development start:
Commenced construction on the first phase of Vantage, a 343,000 square foot Class A life science development in South San Francisco
Closed the final $149 million of senior housing dispositions, bringing total sales proceeds to $4 billion since July 2020
Balance sheet:
In September, closed on an upsized $3 billion revolving credit facility, extending maturity to 2026
Sold 9.1 million shares of common stock under our ATM equity program on a forward basis, which is expected to result in net proceeds of approximately $320 million
Net debt to adjusted EBITDAre of 5.0x as of September 30, 2021
The Board of Directors declared a quarterly common stock cash dividend of $0.30 per share to be paid on November 19, 2021, to stockholders of record as of the close of business on November 8, 2021
Received the Green Star designation from GRESB and named a constituent in the FTSE4Good Index, each for the tenth consecutive year; short-listed by IR Magazine for the Corporate Governance Awards – Best Proxy Statement for the second consecutive year








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The following information was filed by Healthpeak Properties, Inc. (PEAK) on Tuesday, November 2, 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 And Redeemable Noncontrolling Interests
Consolidated Statements Of Equity And Redeemable Noncontrolling Interests (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 (Tables)
Derivative Financial Instruments - Narrative (Details)
Derivative Financial Instruments - Schedule Of Derivative Instruments (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 - Impairments Of Real Estate (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 And Redeemable Noncontrolling Interests
Equity And Redeemable Noncontrolling Interests (Tables)
Equity And Redeemable Noncontrolling Interests - Additional Information (Details)
Equity And Redeemable Noncontrolling Interests - 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 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 - Adjustment To Additional Paid-In Capital And Redeemable Noncontrolling Interests (Details)
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)
Ticker: PEAK
CIK: 765880
Form Type: 10-Q Quarterly Report
Accession Number: 0001628280-21-021470
Submitted to the SEC: Wed Nov 03 2021 4:17:14 PM EST
Accepted by the SEC: Wed Nov 03 2021
Period: Thursday, September 30, 2021
Industry: Real Estate Investment Trusts

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