HEALTHPEAK PROPERTIES INC
For the period ended Jun 30, 2024. Filed Jul 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 26, 2024
DOC$20.26+0.7%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In thousands, except per share data)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Rental and related revenues | $546,781 | $409,967 | $1,008,814 | $802,398 |
| Resident fees and services | 140,891 | 130,184 | 279,667 | 257,268 |
| Interest income and other | 7,832 | 5,279 | 13,583 | 11,442 |
| Total revenues | 695,504 | 545,430 | 1,302,064 | 1,071,108 |
| Costs and expenses: | ||||
| Interest expense | 74,910 | 49,074 | 135,817 | 97,037 |
| Depreciation and amortization | 283,498 | 197,573 | 502,717 | 376,798 |
| Operating | 273,827 | 221,837 | 517,556 | 444,925 |
| General and administrative | 26,718 | 25,936 | 50,017 | 50,483 |
| Transaction and merger-related costs | 7,759 | 637 | 114,979 | 3,062 |
| Impairments and loan loss reserves (recoveries), net | (553) | 2,607 | 10,905 | 394 |
| Total costs and expenses | 666,159 | 497,664 | 1,331,991 | 972,699 |
| Other income (expense): | ||||
| Gain (loss) on sales of real estate, net | 122,044 | 4,885 | 125,299 | 86,463 |
| Other income (expense), net | 4,004 | 1,955 | 82,520 | 2,727 |
| Total other income (expense), net | 126,048 | 6,840 | 207,819 | 89,190 |
| Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures | 155,393 | 54,606 | 177,892 | 187,599 |
| Income tax benefit (expense) | (2,728) | (1,136) | (16,426) | (1,438) |
| Equity income (loss) from unconsolidated joint ventures | 51 | 2,729 | 2,427 | 4,545 |
| Net income (loss) | 152,716 | 56,199 | 163,893 | 190,706 |
| Noncontrolling interests’ share in earnings | (6,669) | (4,300) | (11,170) | (19,855) |
| Net income (loss) attributable to Healthpeak Properties, Inc. | 146,047 | 51,899 | 152,723 | 170,851 |
| Participating securities’ share in earnings | (214) | (149) | (414) | (1,402) |
| Net income (loss) applicable to common shares | $145,833 | $51,750 | $152,309 | $169,449 |
| Earnings (loss) per common share: | ||||
| Basic | $0.21 | $0.09 | $0.23 | $0.31 |
| Diluted | $0.21 | $0.09 | $0.23 | $0.31 |
| Weighted average shares outstanding: | ||||
| Basic | 702,382 | 547,026 | 651,642 | 546,936 |
| Diluted | 703,268 | 547,294 | 652,113 | 547,204 |
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