HEALTHPEAK PROPERTIES, INC.

For the period ended Sep 30, 2025. Filed Oct 24, 2025.

About this filing

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.

Sep 30, 2025 · Filed Oct 24, 2025

DOC$20.41-1.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Equity and Redeemable Noncontrolling Interests

(In thousands, except per share data)

For the three months ended September 30, 2025:

Common Stock · Additional Paid-In Capital · Cumulative Dividends In Excess Of Earnings · Accumulated Other Comprehensive Income (Loss) · Total Stockholders’ Equity · Total Noncontrolling Interests · TotalEquity · Redeemable Noncontrolling Interests
Shares · Amount
July 1, 2025	694,916	$694,916	$12,763,723	$(5,525,520)	$(5,019)	$7,928,100	$638,737	$8,566,837	$20,104
Net income (loss)	—	—	—	(117,122)	—	(117,122)	7,381	(109,741)	(107)
Other comprehensive income (loss)	—	—	—	—	(2,956)	(2,956)	—	(2,956)	—
Issuance of common stock, net	24	24	359	—	—	383	—	383	—
Conversion of non-managing member units to common stock	7	7	191	—	—	198	(198)	—	—
Repurchase of common stock	(1)	(1)	(16)	—	—	(17)	—	(17)	—
Stock-based compensation	—	—	1,636	—	—	1,636	3,800	5,436	—
Common dividends ($0.305 per share)	—	—	—	(212,124)	—	(212,124)	—	(212,124)	—
Distributions to noncontrolling interests	—	—	—	—	—	—	(9,500)	(9,500)	(165)
Contributions from noncontrolling interests	—	—	—	—	—	—	—	—	7,154
Adjustments to redeemable noncontrolling interests	—	—	(823)	—	—	(823)	—	(823)	823
September 30, 2025	694,946	$694,946	$12,765,070	$(5,854,766)	$(7,975)	$7,597,275	$640,220	$8,237,495	$27,809

For the three months ended September 30, 2024:

Common Stock · Additional Paid-In Capital · Cumulative Dividends In Excess Of Earnings · Accumulated Other Comprehensive Income (Loss) · Total Stockholders’ Equity · Total Noncontrolling Interests · TotalEquity · Redeemable Noncontrolling Interests
Shares · Amount
July 1, 2024	700,317	$700,317	$12,859,567	$(4,844,683)	$42,297	$8,757,498	$659,840	$9,417,338	$1,433
Net income (loss)	—	—	—	85,872	—	85,872	6,916	92,788	(50)
Other comprehensive income (loss)	—	—	—	—	(54,678)	(54,678)	—	(54,678)	—
Issuance of common stock, net	12	12	243	—	—	255	—	255	—
Conversion of non-managing member units to common stock	112	112	1,874	—	—	1,986	(1,986)	—	—
Repurchase of common stock	(1,036)	(1,036)	(19,099)	—	—	(20,135)	—	(20,135)	—
Stock-based compensation	—	—	2,049	—	—	2,049	2,728	4,777	—
Common dividends ($0.300 per share)	—	—	—	(210,008)	—	(210,008)	—	(210,008)	—
Distributions to noncontrolling interests	—	—	—	—	—	—	(9,652)	(9,652)	(65)
September 30, 2024	699,405	$699,405	$12,844,634	$(4,968,819)	$(12,381)	$8,562,839	$657,846	$9,220,685	$1,318

For the nine months ended September 30, 2025:

Common Stock · Additional Paid-In Capital · Cumulative Dividends In Excess Of Earnings · Accumulated Other Comprehensive Income (Loss) · Total Stockholders’ Equity · Total Noncontrolling Interests · TotalEquity · Redeemable Noncontrolling Interests
Shares · Amount
January 1, 2025	699,485	$699,485	$12,847,252	$(5,174,279)	$28,818	$8,401,276	$653,738	$9,055,014	$2,610
Net income (loss)	—	—	—	(42,621)	—	(42,621)	22,145	(20,476)	(289)
Other comprehensive income (loss)	—	—	—	—	(36,793)	(36,793)	—	(36,793)	—
Issuance of common stock, net	521	521	415	—	—	936	—	936	—
Conversion of non-managing member units to common stock	171	171	3,967	—	—	4,138	(4,138)	—	—
Repurchase of common stock	(5,231)	(5,231)	(91,827)	—	—	(97,058)	—	(97,058)	—
Stock-based compensation	—	—	4,958	—	—	4,958	9,964	14,922	—
Common dividends ($0.915 per share)	—	—	—	(637,866)	—	(637,866)	—	(637,866)	—
Distributions to noncontrolling interests	—	—	—	—	—	—	(28,484)	(28,484)	(336)
Contributions from noncontrolling interests	—	—	—	—	—	—	—	—	13,124
Adjustments to redeemable noncontrolling interests	—	—	305	—	—	305	(13,005)	(12,700)	12,700
September 30, 2025	694,946	$694,946	$12,765,070	$(5,854,766)	$(7,975)	$7,597,275	$640,220	$8,237,495	$27,809

For the nine months ended September 30, 2024:

Common Stock · Additional Paid-In Capital · Cumulative Dividends In Excess Of Earnings · Accumulated Other Comprehensive Income (Loss) · Total Stockholders’ Equity · Total Noncontrolling Interests · TotalEquity · Redeemable Noncontrolling Interests
Shares · Amount
January 1, 2024	547,156	$547,156	$10,405,780	$(4,621,861)	$19,371	$6,350,446	$525,596	$6,876,042	$48,828
Net income (loss)	—	—	—	238,595	—	238,595	17,943	256,538	93
Other comprehensive income (loss)	—	—	—	—	(31,752)	(31,752)	—	(31,752)	—
Shares issued as part of the Merger	162,231	162,231	2,611,916	—	—	2,774,147	—	2,774,147	—
Issuance of common stock, net	387	387	444	—	—	831	—	831	—
Conversion of non-managing member units to common stock	208	208	4,150	—	—	4,358	(4,358)	—	—
Repurchase of common stock	(10,577)	(10,577)	(179,787)	—	—	(190,364)	—	(190,364)	—
Stock-based compensation	—	—	6,243	—	—	6,243	9,043	15,286	—
Common dividends ($0.900 per share)	—	—	—	(585,553)	—	(585,553)	—	(585,553)	—
Distributions to noncontrolling interests	—	—	—	—	—	—	(27,105)	(27,105)	(377)
Contributions from noncontrolling interests	—	—	—	—	—	—	—	—	12
Purchase of noncontrolling interests	—	—	—	—	—	—	—	—	(52,886)
Noncontrolling interests acquired as part of the Merger	—	—	—	—	—	—	136,727	136,727	1,536
Adjustments to redeemable noncontrolling interests	—	—	(4,112)	—	—	(4,112)	—	(4,112)	4,112
September 30, 2024	699,405	$699,405	$12,844,634	$(4,968,819)	$(12,381)	$8,562,839	$657,846	$9,220,685	$1,318

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.