NYSE$DOC
Healthpeak Properties Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Announced results for the third quarter ended September 30, 2022
Healthpeak Properties reported a net income of $0.65 per share, Nareit FFO of $0.42 per share, and FFO as Adjusted of $0.43 per share. The blended Total Same-Store Portfolio Cash (Adjusted) NOI growth was 5.1%. They are increasing full-year 2022 FFO as Adjusted and Total Portfolio Same-Store Cash (Adjusted) NOI growth guidance.
- Net income of $0.65 per share, Nareit FFO of $0.42 per share, FFO as Adjusted of $0.43 per share, and blended Total Same-Store Portfolio Cash (Adjusted) NOI growth of 5.1%.
- Life Science and MOB Same-Store Portfolio Cash (Adjusted) NOI growth of 5.4% and 4.9%, respectively
- Third quarter life science lease executions totaled over 500,000 square feet
- Net debt to adjusted EBITDAre and liquidity were 5.3x and $2.4 billion, respectively, as of September 30, 2022
Headline financials
Revenue & EPS history
Healthpeak · Revenue · Quarterly
$520M
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
We are updating the following guidance ranges for full year 2022:
Tailwinds
- Diluted FFO as Adjusted per share from $1.68 – $1.74 to $1.72 – $1.74
- Total Portfolio Same-Store Cash (Adjusted) NOI growth Guidance from 3.50% – 5.00% to 4.50% – 5.50%
Headwinds
- Diluted earnings per common share from $0.97 – $1.03 to $0.94 – $0.96
- Diluted Nareit FFO share from $1.70 – $1.76 to $1.67 – $1.69
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 Q3 2022
-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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