NYSE$DOC
Healthpeak Properties Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Healthpeak reported mixed Q2 2024 results, with EPS exceeding expectations but revenue slightly below.
Healthpeak Properties reported Q2 2024 earnings with EPS exceeding expectations, driven by strong performance in the Continuing Care Retirement Communities (CCRC) segment. However, revenue slightly missed estimates due to lower occupancy in the Life Science segment. The company reaffirmed its full-year guidance.
- EPS of $0.46 exceeded analyst expectations.
- Revenue of $540 million was slightly below estimates.
- CCRC segment demonstrated strong performance, contributing significantly to earnings.
- Company reaffirmed full-year guidance, indicating confidence in future performance.
Headline financials
Revenue & EPS history
Healthpeak · Revenue · Quarterly
$696M
Revenue by segment
Healthpeak · $582M total across 3 segments · Q1 2020
- Rental and related revenues$315M—54.1%
- Resident fees and services$264M—45.3%
- Interest income and other$3.69M—0.6%
Forward guidance
Healthpeak reaffirms its full-year 2024 guidance, expecting continued growth in the CCRC segment and strategic investments in its Life Science portfolio.
Tailwinds
- Continued strong performance expected in CCRC segment.
- Strategic investments planned in Life Science portfolio.
- Occupancy rates expected to stabilize and improve.
- Favorable demographic trends supporting demand.
- Cost management initiatives expected to drive efficiency.
Headwinds
- Potential for increased interest rates impacting financing costs.
- Uncertainty in the broader economic environment.
- Competition in key markets.
- Fluctuations in occupancy rates in certain segments.
- Potential for unexpected expenses related to property maintenance.
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 2024
-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
| Quarter | Report date | Reaction (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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