Healthpeak Properties Announces Tax Treatment of 2020 Distributions
On January 15, 2021, Healthpeak Properties (NYSE: PEAK) announced the tax treatment of its 2020 distributions for shareholders. The total cash distribution for the year was $1.48 per share, with ordinary dividends amounting to $0.713864 and capital gains distributions reported as zero. Shareholders are advised to consult tax advisors regarding the Section 199A dividends, which require holding shares for at least 45 days. The press release also outlines compliance with Treasury Regulations related to capital gain dividends.
- Total cash distribution per share is $1.48, providing a return to shareholders.
- Ordinary dividends totaled $0.713864, offering potential tax advantages.
- Capital gain distributions for 2020 were reported as zero, indicating no growth in that area.
DENVER, Jan. 15, 2021 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) announced today the tax treatment of its 2020 distributions. The following table summarizes, for income tax purposes, the nature of cash distributions paid to stockholders during the calendar year ended December 31, 2020:
Common Stock (CUSIP # 42250P103) | ||||||||||
Ordinary Dividends | Capital Gains | |||||||||
Record Date | Payment Date | Distribution Per Share | Total | Non-Qualified | Qualified | Total | Long Term | Unrecaptured Section 1250 | Nondividend Distributions | |
02/18/20 | 02/28/20 | |||||||||
05/08/20 | 05/19/20 | |||||||||
08/14/20 | 08/25/20 | |||||||||
11/12/20 | 11/23/20 | |||||||||
Totals | ||||||||||
The 2020 Non-Qualified Ordinary Dividends are also reported on Form 1099-DIV, Box 5, Section 199A Dividends. Treasury Regulation §1.199A-3(c)(2)(ii) requires that shareholders hold their REIT shares for at least 45 days in order for the dividends to be treated as Section 199A Dividends. Shareholders should consult with their tax advisors to determine whether this requirement affects any portion of the dividends included in Box 5.
Pursuant to Treasury Regulation §1.1061-6(c), Healthpeak Properties, Inc. is disclosing additional information related to the capital gain dividends reported on Form 1099-DIV, Box 2a, Total Capital Gain Distributions for purposes of Section 1061 of the Internal Revenue Code (IRC). IRC Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests." The "One Year Amounts" and "Three Year Amounts" required to be disclosed are both zero with respect to the 2020 distributions, since all capital gain dividends relate to IRC Section 1231 gains. Shareholders should consult with their tax advisors to determine whether IRC Section 1061 applies to their capital gain dividends.
ABOUT HEALTHPEAK PROPERTIES
Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns and develops high-quality real estate in the three private-pay healthcare asset classes of Life Science, Medical Office and Senior Housing, designed to provide stability through the inevitable industry cycles. At Healthpeak, we pair our deep understanding of the healthcare real estate market with a strong vision for long-term growth. For more information regarding Healthpeak, visit www.healthpeak.com.
CONTACT
Barbat Rodgers
Senior Director – Investor Relations
949-407-0400
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SOURCE Healthpeak Properties, Inc.
FAQ
What was the total distribution per share for Healthpeak Properties in 2020?
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Did Healthpeak Properties report any capital gains distributions for 2020?
