Healthpeak Properties Files Q3 2024 10-Q
Ticker: DOC · Form: 10-Q · Filed: Oct 25, 2024 · CIK: 765880
| Field | Detail |
|---|---|
| Company | Healthpeak Properties, INC. (DOC) |
| Form Type | 10-Q |
| Filed Date | Oct 25, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 19 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, real-estate, REIT
Related Tickers: PEAK
TL;DR
**HEALTHPEAK PROPERTIES (PEAK) FILED ITS Q3 10-Q. FINANCIALS OUT.**
AI Summary
Healthpeak Properties, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported its financial performance and operational highlights for the third quarter of 2024. Key financial data and business updates are detailed within the filing.
Why It Matters
This filing provides investors and analysts with the latest financial results and operational status of Healthpeak Properties, a significant player in the real estate investment trust sector.
Risk Assessment
Risk Level: medium — As a real estate investment trust, Healthpeak Properties is subject to market fluctuations, interest rate changes, and tenant-specific risks.
Key Players & Entities
- HEALTHPEAK PROPERTIES, INC. (company) — Filer
- HCP, INC. (company) — Former company name
- HEALTH CARE PROPERTY INVESTORS INC (company) — Former company name
- 20240930 (date) — Period of report
- 20241025 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240930, indicating the filing covers the period ending September 30, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on 20241025.
What was Healthpeak Properties, Inc.'s former name?
Healthpeak Properties, Inc. was formerly known as HCP, INC. and HEALTH CARE PROPERTY INVESTORS INC.
What is the Standard Industrial Classification (SIC) code for Healthpeak Properties, Inc.?
The SIC code is 6798, which corresponds to Real Estate Investment Trusts.
In which state was Healthpeak Properties, Inc. incorporated?
The company was incorporated in Maryland (MD).
Filing Stats: 4,647 words · 19 min read · ~15 pages · Grade level 19.6 · Accepted 2024-10-25 16:16:08
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value DOC New York Stock Exchange
Filing Documents
- peak-20240930.htm (10-Q) — 2668KB
- ex31109302024.htm (EX-31.1) — 11KB
- ex31209302024.htm (EX-31.2) — 11KB
- ex32109302024.htm (EX-32.1) — 6KB
- ex32209302024.htm (EX-32.2) — 6KB
- 0001628280-24-043814.txt ( ) — 14138KB
- peak-20240930.xsd (EX-101.SCH) — 111KB
- peak-20240930_cal.xml (EX-101.CAL) — 130KB
- peak-20240930_def.xml (EX-101.DEF) — 522KB
- peak-20240930_lab.xml (EX-101.LAB) — 1068KB
- peak-20240930_pre.xml (EX-101.PRE) — 792KB
- peak-20240930_htm.xml (XML) — 2395KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited): 3 Consolidated Balance Sheets 3 Consolidated Statements of Operations 4 Consolidated Statements of Comprehensive Income (Loss) 5 Consolidated Statements of Equity and Redeemable Noncontrolling Interests 6 Consolidated Statements of Cash Flows 8 Notes to the Consolidated Financial Statements 9 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 41 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 68 Item 4.
Controls and Procedures
Controls and Procedures 69
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1A.
Risk Factors
Risk Factors 70 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 70 Item 5. Other Information 70 Item 6. Exhibits 71
Signatures
Signatures 72 2 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) Healthpeak Properties, Inc. CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share data) (Unaudited) September 30, 2024 December 31, 2023 ASSETS Real estate: Buildings and improvements $ 16,059,802 $ 13,329,464 Development costs and construction in progress 830,310 643,217 Land and improvements 2,927,675 2,647,633 Accumulated depreciation and amortization ( 3,925,375 ) ( 3,591,951 ) Net real estate 15,892,412 13,028,363 Loans receivable, net of reserves of $ 9,983 and $ 2,830 677,590 218,450 Investments in and advances to unconsolidated joint ventures 931,844 782,853 Accounts receivable, net of allowance of $ 2,405 and $ 2,282 64,979 55,820 Cash and cash equivalents 180,430 117,635 Restricted cash 61,615 51,388 Intangible assets, net 898,379 314,156 Assets held for sale, net — 117,986 Right-of-use asset, net 427,711 240,155 Other assets, net 834,806 772,044 Total assets $ 19,969,766 $ 15,698,850 LIABILITIES AND EQUITY Bank line of credit and commercial paper $ — $ 720,000 Term loans 1,645,748 496,824 Senior unsecured notes 6,557,170 5,403,378 Mortgage debt 380,459 256,097 Intangible liabilities, net 202,857 127,380 Liabilities related to assets held for sale, net — 729 Lease liability 308,277 206,743 Accounts payable, accrued liabilities, and other liabilities 749,881 657,196 Deferred revenue 903,371 905,633 Total liabilities 10,747,763 8,773,980 Commitments and contingencies (Note 11) Redeemable noncontrolling interests 1,318 48,828 Common stock, $ 1.00 par value: 1,500,000,000 and 750,000,000 shares authorized; 699,405,171 and 547,156,311 shares issued and outstanding 699,405 547,156 Additional paid-in capital 12,844,634 10,405,780 Cumulative dividends in excess of earnings ( 4,968,819 ) ( 4,621,861 ) Accumulated other comprehensive income (loss) ( 12,381 ) 19,371 Total stockholders' equity 8,562,839 6,350,446 Joint venture partners 321,949 310,998 Non-manag