NYSE$DOC

Healthpeak Properties Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported results for the second quarter of 2021, featuring earnings per share of $0.51, Nareit FFO per share of $0.28, and FFO as Adjusted per share of $0.40. Same-Store Portfolio Cash (Adjusted) NOI grew by 1.2%.

Healthpeak Properties reported a net income of $0.51 per share for the second quarter of 2021. The company closed on $425 million of MOB acquisitions and completed tender offers for $550 million of senior unsecured notes. Total pro forma Same-Store Portfolio Cash (Adjusted) NOI growth was 7.6% excluding government grants received under the CARES Act at CCRC properties.

  • Net income of $0.51 per share.
  • Nareit FFO of $0.28 per share.
  • FFO as Adjusted of $0.40 per share.
  • Blended Total Same-Store Portfolio Cash (Adjusted) NOI growth of 1.2%.

Headline financials

Total Revenue

$476M

Previous: $588M-19.1%
EPS (adj)

$0.26

Previous: $0.27-3.7%
Capital Expenditures

-$780M

Previous: -$1.08B+28.0%
Free Cash Flow

-$504M

Previous: -$1.03B+51.2%
Net Income

$276M

Previous: $51.5M+436.4%
Operating Income

$93.5M

Previous: -$55.9M+267.2%
Gross Profit

$286M

Previous: $273M+5.0%
Cash & Equivalents

$96.9M

Previous: $731M-86.7%
Total Assets

$14.3B

Previous: $16.3B-12.2%
Stock-Based Comp

$5.1M

Previous: $4.14M+23.1%

Revenue & EPS history

Healthpeak · Revenue · Quarterly

$476M

Q2 2021-19.1%vs Q2 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Healthpeak · $582M total across 3 segments · Q1 2020

  • Rental and related revenues
    $315M
  • Resident fees and services
    $264M
  • Interest income and other
    $3.69M

Forward guidance

Healthpeak is updating the following guidance ranges for full year 2021: Diluted earnings per common share from $0.98 – $1.06 to $0.95 – $1.01, Diluted Nareit FFO per share from $1.09 – $1.17 to $1.06 – $1.12, Diluted FFO as Adjusted per share from $1.53 – $1.61 to $1.55 – $1.61, Blended Total Portfolio Same-Store Cash (Adjusted) NOI growth from 1.75% – 3.25% to 2.25% – 3.75%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.9%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+0.1%

Avg return

30 days after

40%

29 / 72 earnings

Positive

+5.8%

Q3 2020

Best reaction

-8.1%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%+17.3%+19.9%
Q4 2025+0.0%-0.4%+2.9%
Q3 2025+1.2%-5.2%-3.8%
Q2 2025+1.6%+1.1%+6.1%
Q1 2025-5.2%-5.2%-10.5%
Q4 2024-1.6%-2.6%-1.2%
Q3 2024-3.6%-2.6%-6.5%
Q2 2024-0.1%-1.4%+1.3%
Q1 2024+0.9%-0.1%+2.5%
Q4 2023-0.8%-4.4%+3.7%
Q3 2023-5.3%+4.8%+4.4%
Q2 2023-2.2%-2.3%-8.9%
Q1 2023+5.8%+2.0%-6.3%
Q4 2022-2.1%-5.0%-18.3%
Q3 2022-0.3%+1.2%+10.2%
Q2 2022-2.2%-3.8%-4.6%
Q1 2022+0.2%-4.9%-9.1%
Q4 2021-2.8%-2.3%+7.8%
Q3 2021-1.8%-3.8%-5.8%
Q2 2021+0.8%-0.8%-0.1%
Q1 2021-3.1%-1.8%-0.8%
Q4 2020-7.1%-4.9%+2.4%
Q3 2020+5.8%+4.1%+9.4%
Q2 2020+1.1%+6.4%+5.7%
Q1 2020-4.4%-3.5%+10.5%
Q4 2019-8.1%-7.9%-29.8%
Q3 2019-2.2%-6.6%-4.0%
Q2 2019+4.4%+2.9%+8.5%
Q1 2019+2.6%+1.7%+6.5%
Q4 2018-0.5%-1.0%+1.2%
Q3 2018+0.3%+2.1%+4.0%
Q2 2018+1.8%+1.8%+4.0%
Q1 2018+1.1%+1.5%+3.4%
Q4 2017+0.8%+2.3%+6.8%
Q3 2017-0.4%+0.1%-1.1%
Q2 2017-0.6%-1.4%+0.4%
Q1 2017-4.4%-3.6%+2.0%
Q4 2016+1.9%+0.2%-4.7%
Q3 2016-5.9%-0.7%-4.6%
Q2 2016-1.2%-1.3%+0.3%
Q1 2016-2.3%
Q4 2015+2.8%
Q3 2015-7.7%
Q2 2015-0.3%
Q1 2015+1.6%
Q4 2014-0.7%
Q3 2014+1.3%
Q2 2014+2.5%
Q1 2014+1.0%
Q4 2013+2.0%
Q3 2013-0.8%
Q2 2013-2.7%
Q1 2013+0.5%
Q4 2012+0.7%
Q3 2012+0.7%
Q2 2012-0.4%
Q1 2012+0.8%
Q4 2010-3.8%
Q4 2011-3.8%
Q3 2011-3.7%
Q2 2011-0.5%
Q1 2011-0.2%
Q3 2010-0.9%
Q2 2010-0.9%
Q1 2009-4.1%
Q1 2010-0.5%
Q4 2007+3.2%
Q3 2008-5.2%
Q3 2009-5.2%
Q2 2008+0.6%
Q2 2009+0.6%
Q4 2008+0.6%

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