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.
Healthpeak Properties, Inc. (NYSE: PEAK) will report its second quarter 2021 financial results on August 3, 2021, after market close. A conference call will be held on August 4, 2021, at 9:00 a.m. MT to discuss the financial performance for the quarter ended June 30, 2021. Investors can access the call via dial-in or webcast. Healthpeak is a real estate investment trust specializing in healthcare asset classes, committed to long-term growth.
Healthpeak Properties (NYSE: PEAK) has priced its inaugural green bond offering, amounting to $450 million in 1.350% senior unsecured notes due 2027. The estimated net proceeds are around $445.3 million, primarily allocated to the December 2020 acquisition of Cambridge Discovery Park, a LEED Gold certified project. The offering is set to close on July 12, 2021, subject to standard conditions. The notes will aid in repaying existing debts, enhancing the company's financial stability.
Healthpeak Properties (NYSE: PEAK) has announced the construction of its Sorrento Gateway project in San Diego, consisting of a five-story, 163,000 square foot lab building. This development is part of Healthpeak's strategy to expand its portfolio in response to strong market demand and enhance tenant relationships. Following two successful projects since 2020, construction is set to begin in Q3 2021 with expected occupancy by Q1 2023. The project will feature modern design, ample amenities, and excellent accessibility.
Healthpeak Properties (NYSE: PEAK) announced a long-term lease agreement with Turning Point Therapeutics for the Callan Ridge project in San Diego's Torrey Pines area. The lease will commence at the end of 2022, following the completion of a new 185,000 square foot campus designed for life sciences. This project replaces a 90,000 square foot building, effectively doubling the leasable area. This marks Healthpeak's second significant development in Torrey Pines since 2020. The company has a strong history in the life science real estate sector.
Healthpeak Properties (NYSE: PEAK) announced that its CEO, Tom Herzog, and senior management will present at the Nareit's REITweek 2021 Virtual Investor Conference. The presentation is scheduled for June 9, 2021, at 11:00 a.m. ET and is open to registered participants. Healthpeak is a S&P 500 company focused on high-quality real estate in life science, medical office, and continuing care retirement communities (CCRCs). For further information and registration, interested parties can visit the official REITweek link.
Healthpeak Properties, Inc. (NYSE: PEAK) announced a tender offer to purchase up to $550 million of its Senior Notes, specifically targeting its 3.400% and 4.000% Notes due 2025. The offer includes a Total Consideration of $1,085.31 for the 3.400% Notes and $1,115.70 for the 4.000% Notes, with an early tender premium of $30. The deadline for tendering is June 2, 2021. Due to oversubscription, a proration will apply to the 3.400% Notes. Mizuho and Goldman Sachs are managing the tender offers. Interested holders should review the Offer to Purchase for detailed terms.
Healthpeak Properties (NYSE: PEAK) announced early results for its tender offers to purchase up to $550 million of its senior notes due 2025. The company has validly tendered $268.152 million of 3.400% notes and will accept $251.806 million of these notes, subject to a proration rate of about 94%. Additionally, all validly tendered 4.000% notes will be accepted. The offers expire on June 2, 2021. The total consideration will be determined based on fixed spreads plus yields of U.S. Treasury securities. Holders will receive accrued interest upon acceptance.
Healthpeak Properties (NYSE: PEAK) reported Q1 2021 results with net income of $0.27 per share and NAREIT FFO at $0.07 per share. The company closed $1 billion in senior housing sales, including significant transactions involving 31 SHOP assets. Acquisitions included a 14-property medical office portfolio for $371 million. The completed 75 Hayden development is 100% leased. A quarterly dividend of $0.30 per share is declared, payable on May 21, 2021. For 2021, diluted earnings guidance is updated to $0.98 – $1.06 per share.
Healthpeak Properties (NYSE: PEAK) announced tender offers to purchase up to $550 million of its senior notes maturing in 2025. The offers include $250 million of 3.400% Notes and $300 million of 4.000% Notes. The early tender deadline is set for May 17, 2021, with a total aggregate purchase amount capped at $550 million. The offers expire at 5:00 p.m. on June 2, 2021, unless extended. Noteholders can receive additional early tender premiums for submissions before the early deadline.
Healthpeak Properties, Inc. (NYSE: PEAK) has declared a quarterly cash dividend of $0.30 per share, payable on May 21, 2021. This dividend will benefit stockholders who are on record as of May 10, 2021. As a fully integrated real estate investment trust, Healthpeak focuses on healthcare real estate assets, including Life Science and Medical Office properties. The company aims for sustainable long-term growth in the healthcare market, reflecting confidence in its financial stability.
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