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Healthpeak Properties, Inc. - PEAK STOCK NEWS

Welcome to our dedicated page for Healthpeak Properties news (Ticker: PEAK), a resource for investors and traders seeking the latest updates and insights on Healthpeak Properties stock.

Healthpeak Properties, Inc. (NYSE: PEAK) is a fully integrated real estate investment trust (REIT) and S&P 500 company specializing in the ownership, management, and development of high-quality real estate in three primary healthcare sectors: life science, medical office, and senior housing. Healthpeak's portfolio is designed to offer stability during industry cycles, underpinned by a deep understanding of the healthcare real estate market and a strong vision for long-term growth.

Recent highlights include a strategic partnership with Breakthrough Properties to develop the Callan Ridge campus in San Diego's prestigious Torrey Pines cluster. The campus, which will be fully leased to Turning Point Therapeutics, a subsidiary of Bristol-Myers Squibb, incorporates sustainable building features and aims for LEED Gold certification. This three-story, 185,000-square-foot development reflects Healthpeak's commitment to environmental responsibility and innovation in healthcare real estate.

Healthpeak’s diversified portfolio encompasses properties located in prime markets across the United States. The company’s life science assets provide essential infrastructure for research and development activities, while medical office buildings cater to outpatient services and senior housing facilities support aging populations with residential options. This diversified approach mitigates risks and capitalizes on growth opportunities within the healthcare sector.

Financially, Healthpeak maintains a robust balance sheet with a strategic focus on disciplined capital allocation to enhance shareholder value. The company leverages strong relationships with industry-leading tenants and partners to drive occupancy rates and rental income stability. Moreover, Healthpeak’s proactive asset management and development pipeline are poised to sustain future growth, underscoring its role as a pivotal player in the healthcare real estate market.

Healthpeak Properties continues to explore opportunities that align with its mission to provide best-in-class real estate solutions for healthcare delivery and discovery, ensuring a resilient and thriving portfolio capable of weathering industry fluctuations while delivering consistent returns.

News

Healthpeak Properties Announces Tax Treatment of 2023 Distributions

Rhea-AI Summary
Healthpeak Properties, Inc. (NYSE: PEAK) has announced the tax treatment of its 2023 distributions for income tax purposes. The company disclosed the nature of cash distributions paid to shareholders, including the breakdown of ordinary dividends, capital gains, and non-dividend distributions. Shareholders are advised to consult with their tax advisors for specific tax treatment regarding these distributions.
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Healthpeak Properties Enters into a New $236 Million Joint Venture with Breakthrough Properties on the Callan Ridge Lab Campus in Torrey Pines

Rhea-AI Summary
Healthpeak Properties, Inc. (NYSE: PEAK) announced a new strategic joint venture with Breakthrough Properties, selling a 65% interest in its fully leased Callan Ridge lab campus in San Diego. The joint venture values Callan Ridge at $236 million, with a stabilized cash capitalization rate of 5.3% at an initial annual rental rate of approximately $67 per square foot.
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Breakthrough Properties Acquires Majority Interest in Callan Ridge, A Newly-Constructed, Fully-Leased Life Science Campus in Torrey Pines

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Breakthrough Properties (BMY) Acquires Majority Interest in Callan Ridge, a Class A Life Science Campus in San Diego Through a Joint Venture with Healthpeak Properties (PEAK)
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Healthpeak Properties Receives Entitlements for an Additional 1.3 Million Square Feet of Development at the Vantage Campus in South San Francisco

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Healthpeak Properties, Inc. (NYSE: PEAK) has received approval for Phases II and III of its purpose-built lab development campus, Vantage, in South San Francisco. The entitlements allow for an additional 1.3 million square feet of lab space, bringing the combined campus to approximately 1.7 million square feet upon full buildout. The strategic location offers tenants access to multiple modes of transportation and a world-class campus setting. Phase I of the Vantage campus is 52% leased to Astellas Pharma, with construction already underway.
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Cohen & Steers Announces Changes to Realty Indexes

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Cohen & Steers, Inc. (NYSE: CNS) announces changes to Realty Majors Portfolio Index (RMP) and Global Realty Majors Portfolio Index (GRM), effective November 17, 2023. The modified indexes emphasize leading real estate securitization globally and are quoted intraday on a real-time basis by the Chicago Mercantile Exchange. They serve as indexing benchmarks, stock selection universes, underlying indexes for derivative instruments, or performance benchmarks.
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Healthpeak Properties Reports Third Quarter 2023 Results and Declares Quarterly Cash Dividend on Common Stock

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Healthpeak Properties, Inc. (NYSE: PEAK) announced its financial results for Q3 2023. The company reported net income of $0.12 per share, Nareit FFO of $0.46 per share, FFO as Adjusted of $0.45 per share, AFFO of $0.40 per share, and blended Total Same-Store Portfolio Cash (Adjusted) NOI growth of 6.0%. Third quarter new and renewal lease executions totaled 2.3 million square feet. The company also received the GRESB Green Star designation for the twelfth consecutive year.
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Healthpeak Properties and Physicians Realty Trust to Combine in an All-Stock Merger of Equals to Create the Pre-Eminent Owner, Operator and Developer of Real Estate for Healthcare Discovery and Delivery, An Attractive and Growing Market

Rhea-AI Summary
Healthpeak Properties, Inc. and Physicians Realty Trust have entered into a definitive agreement to merge in an all-stock merger of equals valued at approximately $21 billion. The combined company will be the leading real estate platform dedicated to healthcare discovery and delivery with a 52 million square foot portfolio. The merger is expected to generate run-rate synergies of at least $40 million by the end of year one and up to $60 million by the end of year two.
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Healthpeak Properties and Physicians Realty Trust to Combine in an All-Stock Merger of Equals to Create the Pre-Eminent Owner, Operator and Developer of Real Estate for Healthcare Discovery and Delivery, An Attractive and Growing Market

Rhea-AI Summary
Healthpeak Properties, Inc. and Physicians Realty Trust have entered into a definitive agreement to merge in an all-stock merger of equals valued at approximately $21 billion. The combined company will be the leading real estate platform dedicated to healthcare discovery and delivery, with a 52 million square foot portfolio. The merger is expected to generate run-rate synergies of at least $40 million by the end of year one and up to $60 million by the end of year two.
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Healthpeak Properties Announces Date of Third Quarter 2023 Earnings Release, Conference Call and Webcast

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Healthpeak Properties to report Q3 2023 financial results
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Faraday Future Appoints Scott Graziano, Senior Legal Executive with Extensive U.S. Public Company Experience, as Global General Counsel

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Faraday Future appoints Scott Graziano as Global General Counsel, strengthening the organization and capabilities of the global legal team.
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FAQ

What is the market cap of Healthpeak Properties (PEAK)?

The market cap of Healthpeak Properties (PEAK) is approximately 9.5B.

What does Healthpeak Properties, Inc. specialize in?

Healthpeak Properties specializes in the ownership, management, and development of real estate in life science, medical office, and senior housing sectors.

What is a recent project of Healthpeak Properties?

A recent project is the Callan Ridge campus in San Diego, developed in partnership with Breakthrough Properties and designed to achieve LEED Gold certification.

Who are some of the key tenants of Healthpeak Properties?

Key tenants include companies like Turning Point Therapeutics, a subsidiary of Bristol-Myers Squibb, among other healthcare and biotech firms.

What is the strategic focus of Healthpeak Properties?

Healthpeak focuses on owning and developing high-quality real estate in key healthcare sectors, maintaining a robust portfolio that provides stability through industry cycles.

How does Healthpeak Properties ensure financial stability?

Healthpeak maintains a strong balance sheet and emphasizes disciplined capital allocation, along with strategic partnerships and proactive asset management.

Where are Healthpeak Properties’ assets primarily located?

Healthpeak's assets are primarily located in prime markets across the United States, providing essential infrastructure for the healthcare sector.

What is Healthpeak Properties' approach to environmental sustainability?

Healthpeak integrates sustainable building features in its developments, such as the Callan Ridge campus which includes electrochromic windows and photovoltaic glass panels.

How does Healthpeak Properties support long-term growth?

The company supports long-term growth through strategic investments, development projects, and maintaining high occupancy rates with industry-leading tenants.

Is Healthpeak Properties involved in senior housing?

Yes, Healthpeak Properties owns and develops senior housing facilities that provide residential options for aging populations.

What sets Healthpeak Properties apart in the healthcare real estate market?

Healthpeak pairs a deep understanding of the healthcare real estate market with a vision for long-term growth and stability, making it a leading player in the industry.

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Healthpeak Properties, Inc.

NYSE:PEAK

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PEAK Stock Data

9.50B
544.23M
0.18%
96.71%
1.62%
REIT - Healthcare Facilities
Real Estate
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United States
Denver