PEAK - Healthpeak Properties Stock

Market Summary

USD19.94+0.06

Market Closed

0.30%

PEAK Stock Price

PEAK RSI Chart

PEAK Valuation

Market Cap

10.9B

Price/Earnings (Trailing)

20.53

Price/Sales (Trailing)

5.16

EV/EBITDA

7.34

Price/Free Cashflow

11.83

PEAK Price/Sales (Trailing)

PEAK Profitability

EBT Margin

27.12%

Return on Equity

8.29%

Return on Assets

3.51%

Free Cashflow Yield

8.46%

PEAK Fundamentals

PEAK Revenue

Revenue (TTM)

2.1B

Revenue Y/Y

5.31%

Revenue Q/Q

3.76%

PEAK Earnings

Earnings (TTM)

531.3M

Earnings Y/Y

-24.06%

Earnings Q/Q

-56.37%

Price Action

52 Week Range

19.5828.43

(Low)(High)

Last 7 days

0.1%

Last 30 days

-0.7%

Last 90 days

-18.9%

Trailing 12 Months

-20.5%

PEAK Financial Health

Debt/Equity

0.99

Debt/Cashflow

0.14

PEAK Investor Care

Dividend Yield

6.02%

Dividend/Share (TTM)

1.2

Shares Dilution (1Y)

1.39%

Diluted EPS (TTM)

0.97

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Get all data in R, Python etc through our Historical Stock Data APIs

Latest Insider Trading transactions for PEAK

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-04-28	Lewis Sara Grootwassink	acquired	-	-	8,193	-
2023-04-28	Cartwright Brian G.	acquired	-	-	8,193	-
2023-04-28	Griffin R Kent Jr	acquired	-	-	8,193	-
2023-04-28	GARVEY CHRISTINE	acquired	-	-	8,193	-
2023-04-28	Sandstrom Katherine M	acquired	-	-	8,193	-
2023-04-28	Connor James B.	acquired	-	-	8,193	-
2023-04-28	HENRY DAVID	acquired	-	-	8,193	-
2023-03-17	Klaritch Thomas	gifted	-	-	-7,100	coo
2023-03-15	Lewis Sara Grootwassink	bought	85,728	21.4322	4,000	-
2023-03-07	Klaritch Thomas	bought	35,203	23.206	1,517	coo

Which funds bought or sold PEAK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-09-18	CAPE ANN SAVINGS BANK	reduced	-1.31	-37,389	347,569	0.23%
2023-09-12	Farther Finance Advisors, LLC	added	4.98	-996	24,160	-%
2023-09-07	ST GERMAIN D J CO INC	new	-	4,904	4,904	-%
2023-08-25	Gould Capital, LLC	unchanged	-	-1,496	16,080	0.01%
2023-08-24	Alberta Investment Management Corp	sold off	-100	-558,148	-	-%
2023-08-23	WOLVERINE TRADING, LLC	added	19.04	57,828	651,828	-%
2023-08-23	Stonebridge Capital Advisors LLC	reduced	-99.01	-2,502,370	22,814	-%
2023-08-22	VIRGINIA RETIREMENT SYSTEMS ET AL	reduced	-19.62	-399,987	1,111,330	0.01%
2023-08-21	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	added	1.54	-1,350,690	17,655,600	0.03%
2023-08-21	BOKF, NA	reduced	-39.42	-40,270	50,070	-%

Latest Funds Activity

Are funds buying PEAK calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PEAK

No. of Funds

Schedule 13G FIlings of Healthpeak Properties

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	cohen & steers, inc.	2.86%	15,386,796	SC 13G/A
Feb 09, 2023	vanguard group inc	16.37%	87,991,432	SC 13G/A
Feb 03, 2023	state street corp	7.31%	39,270,414	SC 13G/A
Jan 26, 2023	blackrock inc.	11.1%	59,435,809	SC 13G/A
Jan 20, 2023	blackrock inc.	11.1%	59,435,809	SC 13G/A
Sep 12, 2022	cohen & steers, inc.	7.51%	40,509,274	SC 13G/A
Feb 14, 2022	cohen & steers, inc.	13.07%	70,462,139	SC 13G/A
Feb 11, 2022	state street corp	6.60%	35,583,315	SC 13G/A
Feb 10, 2022	vanguard group inc	15.96%	86,061,246	SC 13G/A
Jan 27, 2022	blackrock inc.	10.6%	57,115,834	SC 13G/A

Recent SEC filings of Healthpeak Properties

View All Filings

Date Filed	Form Type	Document
Sep 12, 2023	8-K	Current Report
Jul 28, 2023	10-Q	Quarterly Report
Jul 27, 2023	8-K	Current Report

PEAK Fair Value

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Peers (Alternatives to Healthpeak Properties)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PSA	48.1B	4.4B	-0.64%	-17.74%	11.24	10.95	14.80%	87.79%
DLR	38.0B	5.1B	4.66%	16.87%	88.81	7.41	13.73%	-68.04%
EQR	23.5B	2.0B	-2.80%	-13.36%	28.23	11.66	-22.97%	-33.54%
ARE	20.0B	2.7B	-2.88%	-24.35%	26.64	7.46	15.16%	88.51%
KIM	11.5B	1.8B	-3.14%	-11.36%	28.33	6.52	6.75%	-42.80%
MID-CAP
FRT	7.9B	1.1B	-0.05%	-2.78%	20.26	7.09	8.31%	38.10%
KRG	4.9B	820.5M	2.36%	18.76%	176.26	6.03	29.95%	125.56%
VNO	4.8B	1.8B	19.34%	-3.76%	-12.9	2.63	5.60%	-286.96%
MAC	2.6B	866.2M	3.18%	34.92%	-29.67	2.99	0.51%	-335.26%
SMALL-CAP
SLG	2.7B	882.0M	26.91%	-3.95%	-6.06	3.04	11.76%	-239.94%
SKT	2.4B	426.3M	-1.74%	52.60%	25.73	5.71	1.38%	137.97%
PGRE	1.1B	732.3M	10.97%	-25.39%	-13.41	1.56	-0.03%	-4012.90%
AIV	1.0B	339.3M	-9.99%	-19.55%	-5.79	3.02	88.48%	-168.70%

Healthpeak Properties News

Returns for PEAK

Cumulative Returns on PEAK

-1.9%

10-Year Cumulative Returns

-3.5%

7-Year Cumulative Returns

-1.8%

5-Year Cumulative Returns

-6.4%

3-Year Cumulative Returns

Risks for PEAK

What is the probability of a big loss on PEAK?

45.8%

Probability that Healthpeak Properties stock will be more than 20% underwater in next one year

38.5%

Probability that Healthpeak Properties stock will be more than 30% underwater in next one year.

20.8%

Probability that Healthpeak Properties stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PEAK drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Healthpeak Properties was unfortunately bought at previous high price.

Drawdowns

Financials for Healthpeak Properties

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Revenue	1.3%	2,116	2,088	2,061	2,020	1,981	1,939	1,896	1,845	1,787	1,719	1,645	1,532	1,430	1,328	1,240	1,363	1,498	1,661	1,847	1,848	1,846
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	879	-	-	-	705	-	-
S&GA Expenses	0.9%	133	132	131	99.00	98.00	97.00	98.00	98.00	96.00	96.00	93.00	89.00	91.00	94.00	93.00	93.00	93.00	89.00	97.00	97.00	97.00
EBITDA	-100.0%	-	1,462	1,391	1,393	1,091	1,177	971	786	725	524	721	910	928	971	916	-	-	-	-	-	-
EBITDA Margin	-100.0%	-	0.70*	0.67*	0.69*	0.55*	0.61*	0.51*	0.43*	0.41*	0.28*	0.36*	0.43*	0.41*	0.45*	0.46*	-	-	-	-	-	-
Interest Expenses	3.9%	191	183	173	160	152	149	158	176	193	209	218	214	222	224	218	217	219	236	261	284	291
Earnings Before Taxes	-2.4%	553	566	507	523	226	324	128	100	56.00	-32.63	218	370	337	284	176	861	979	1,041	1,058	174	62.00
EBT Margin	-100.0%	-	0.27*	0.25*	0.26*	0.11*	0.17*	0.07*	0.05*	0.01*	-0.08*	-0.03*	0.00*	0.00*	0.01*	0.02*	-	-	-	-	-	-
Net Income	-3.0%	531	548	500	523	223	431	506	623	505	280	414	311	328	263	46.00	834	979	1,082	1,061	171	64.00
Net Income Margin	-100.0%	-	0.26*	0.24*	0.26*	0.11*	0.22*	0.27*	0.34*	0.28*	0.15*	0.20*	0.15*	0.15*	0.12*	0.02*	-	-	-	-	-	-
Free Cashflow	-100.0%	-	880	900	917	885	867	795	790	798	786	758	757	785	783	846	-	-	-	-	-	-

Balance Sheet
(In Millions)

Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Assets	0.0%	15,604	15,602	15,771	15,662	15,318	15,287	15,258	14,744	14,332	15,194	15,920	15,752	16,316	16,073	14,033	14,010	13,713	12,900	12,719	13,084	13,451
Cash Equivalents	75.2%	104	59.00	72.00	112	73.00	89.00	158	201	97.00	34.00	44.00	140	672	717	80.00	125	131	120	54.00	79.00	91.00
Liabilities	1.2%	8,478	8,379	8,483	8,536	8,362	8,242	8,111	7,405	6,899	7,877	8,573	8,346	8,648	8,259	7,365	7,487	7,094	6,500	6,206	7,444	8,035
Shareholder's Equity	-8.4%	6,535	7,138	6,655	6,467	6,840	6,948	7,059	7,219	7,351	7,241	7,290	7,362	7,637	7,813	6,659	6,523	6,619	6,399	6,513	5,640	5,417
Additional Paid-In Capital	0.2%	10,385	10,360	10,350	10,015	10,074	10,085	10,100	10,122	10,230	10,224	10,175	10,228	10,223	10,213	9,184	8,905	8,801	8,405	8,399	8,190	8,187
Shares Outstanding	0.0%	547	547	547	538	540	539	539	539	539	539	538	538	538	506	505	491	479	478	477	470	470
Minority Interest	-0.2%	527	528	528	532	535	539	543	548	549	552	556	566	570	577	582	590	565	562	568	569	273

Cashflow (Last 12 Months)
(In Millions)

Cashflow (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Cashflow From Operations	4.8%	922	880	900	917	885	867	795	790	798	786	758	757	785	783	846	844	790	811	849	842	855
Share Based Compensation	-4.2%	24.00	25.00	26.00	19.00	19.00	19.00	18.00	18.00	18.00	17.00	17.00	17.00	17.00	19.00	18.00	18.00	17.00	15.00	17.00	16.00	17.00
Cashflow From Investing	3.5%	-553	-574	-876	-1,250	-1,642	-482	531	962	1,240	-88.96	-1,007	-773	-895	-1,439	-1,448	-429	249	1,658	1,829	323	-238
Cashflow From Financing	-1.8%	-343	-337	-116	234	649	-382	-1,288	-1,783	-2,630	-1,439	246	161	790	1,400	647	-368	-1,004	-2,440	-2,620	-1,217	-948
Dividend Payments	0.3%	652	650	648	649	649	649	650	688	725	763	787	771	754	731	720	711	703	700	697	697	696
Buy Backs	-0.4%	63.00	63.00	68.00	68.00	12.00	12.00	13.00	13.00	13.00	13.00	11.00	10.00	10.00	12.00	5.00	5.00	5.00	4.00	3.00	4.00	3.00

PEAK Income Statement

2023-06-30

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues [Abstract]
Rental and related revenues	$ 409,967	$ 387,079	$ 802,398	$ 757,229
Resident fees and services	130,184	125,360	257,268	246,920
Interest income	5,279	5,493	11,442	10,987
Income from direct financing leases	0	0	0	1,168
Total revenues	545,430	517,932	1,071,108	1,016,304
Costs and expenses:
Interest expense	49,074	41,867	97,037	79,453
Depreciation and amortization	197,573	180,489	376,798	358,222
Operating	221,837	215,044	444,925	422,291
General and administrative	25,936	24,781	50,483	48,612
Transaction costs	637	612	3,062	908
Impairments and loan loss reserves (recoveries), net	2,607	139	394	271
Total costs and expenses	497,664	462,932	972,699	909,757
Other income (expense):
Gain (loss) on sales of real estate, net	4,885	10,340	86,463	14,196
Other income (expense), net	1,955	2,861	2,727	21,177
Total other income (expense), net	6,840	13,201	89,190	35,373
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures	54,606	68,201	187,599	141,920
Income tax benefit (expense)	(1,136)	718	(1,438)	(59)
Equity income (loss) from unconsolidated joint ventures	2,729	382	4,545	2,466
Income (loss) from continuing operations	56,199	69,301	190,706	144,327
Income (loss) from discontinued operations	0	2,992	0	3,309
Net income (loss)	56,199	72,293	190,706	147,636
Noncontrolling interests’ share in continuing operations	(4,300)	(3,955)	(19,855)	(7,685)
Net income (loss) attributable to Healthpeak Properties, Inc.	51,899	68,338	170,851	139,951
Participating securities’ share in earnings	(149)	(281)	(1,402)	(2,258)
Net income (loss) applicable to common shares	$ 51,750	$ 68,057	$ 169,449	$ 137,693
Earnings Per Share [Abstract]
Continuing operations (in dollars per share)	$ 0.09	$ 0.12	$ 0.31	$ 0.25
Discontinued operations (in dollars per share)	0	0.01	0	0.01
Net income (loss) applicable to common shares (in dollars per share)	0.09	0.13	0.31	0.26
Diluted earnings (loss) per common share:
Continuing operations (in dollars per share)	0.09	0.12	0.31	0.25
Discontinued operations (in dollars per share)	0	0.01	0	0.01
Net income (loss) applicable to common shares (in dollars per share)	$ 0.09	$ 0.13	$ 0.31	$ 0.26
Weighted average shares outstanding:
Basic (in shares)	547,026	539,558	546,936	539,456
Diluted (in shares)	547,294	539,815	547,204	539,701

PEAK Balance Sheet