Healthpeak Properties, Inc. | REIT Profile

Symbol: PEAK
Exchange: NYSE
Founded: 1985 (36 years)
HQ: Irvine, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Health Care
Internally Managed REIT

See PEAK on Google Finance
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See PEAK on SEC.gov

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Overall Score: 5.9

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day December 6, 2021


Open Price: $33.82
Closing Price: $34.08
Price Change: 0.59 (1.762%)
Lowest Price: $33.64
Highest Price: $34.485

52-Week Low: $27.16
52-Week High: $37.06
52-Week Change: 13.47%

5 Day Price Change: -1.21%
1 Month Price Change: -2.19%
3 Month Price Change: -7.06%
6 Month Price Change: 1.10%
YTD Price Change: 14.82%
1 Year Price Change: 13.47%
2 Year Price Change: 5.81%
5 Year Price Change: 33.89%

Dividend of Trading Day December 6, 2021


Dividend Yield: 3.521%*
Annualized Dividend: $1.2*
Dividend Yield (TTM): 3.538%
Annualized Dividend (TTM): $1.1847
Ex-Dividend Date: 2021-11-05
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day December 6, 2021


Total Cash: N/A
Current Debt: $7,050,756,000
Revenue: $1,286,525,000
Gross Profit: $1,286,525,000
Total Revenue: $1,286,525,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $483,058,000
Revenue Per Share: $2
Revenue Per Employee: $6,306,495
Employee: 217
Debt to Equity Ratio (D/E): 2.21
Profit Margin: 0.48%
Enterprise Value (EV): $18,360,799,915
Enterprise Value to Revenue (EV/R): 14.27
Price to Sales (P/S): 14.27
Price to Book (P/B): 2.75
Price/Earnings-to-Growth (PEG) Ratio: 0.31
P/E Ratio: 29.63
P/E High: -44.58
P/E Low: -71.58
Forward P/E Ratio: N/A
Market Capitalization: $18,371,581,360
Beta: 0.80
Latest Volume: 2,267,681
Avg. Total Volume: 2,692,089
Avg. 10-Day Volume: 3,283,063
Avg. 30-Day Volume: 2,692,089
TTM EPS: 1.15
Shares Outstanding: 539,072,223
Float: N/A
50-Day Moving Avg.: $34.29
200-Day Moving Avg.: $34.36

Properties Owned by PEAK


Properties Based on REIT's Official Presentation

Properties Types States Countries
745 1 43 2

Please visit REIT’s official webpage for the most up-to-date property list.

PEAK Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $33.42 per share you would have been able to buy 29 shares of PEAK on 2020-12-07 costing $969.18 @ $33.42 per share you would have been able to buy 14 shares of PEAK on 2020-12-07 costing $467.88 @ $33.42 per share you would have been able to buy 7 shares of PEAK on 2020-12-07 costing $233.94 @ $33.42 per share you would have been able to buy 2 shares of PEAK on 2020-12-07 costing $66.84 @ $33.42 per share you would have been able to buy 1 shares of PEAK on 2020-12-07 costing $33.42
Current worth On 2021-12-06 these 29 shares would be worth $988.32 @ $34.08 On 2021-12-06 these 14 shares would be worth $477.12 @ $34.08 On 2021-12-06 these 7 shares would be worth $238.56 @ $34.08 On 2021-12-06 these 2 shares would be worth $68.16 @ $34.08 On 2021-12-06 these 1 shares would be worth $34.08 @ $34.08
Dividends earned $34.80 in dividends would have been earned since 2020-12-07 with 29 shares. $17 in dividends would have been earned since 2020-12-07 with 14 shares. $8.40 in dividends would have been earned since 2020-12-07 with 7 shares. $2.40 in dividends would have been earned since 2020-12-07 with 2 shares. $1.20 in dividends would have been earned since 2020-12-07 with 14 shares.
Net (gain / loss)* 53.94 USD 26.04 USD 13.02 USD 3.72 USD 1.86 USD
ROI** 5.57% 5.57% 5.57% 5.57% 5.57%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by PEAK. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
PEAK 2021-11-05 0.300 --- 2021-10-27 2021-11-08 2021-11-19
PEAK 2021-08-06 0.300 --- 2021-07-29 2021-08-09 2021-08-20
PEAK 2021-05-07 0.300 --- 2021-04-29 2021-05-10 2021-05-21
PEAK 2021-02-19 0.300 -18.92% 2021-02-09 2021-02-22 2021-03-05
PEAK 2020-11-10 0.370 --- 2020-11-02 2020-11-12 2020-11-23
PEAK 2020-08-13 0.370 --- 2020-08-04 2020-08-14 2020-08-25
PEAK 2020-05-07 0.370 --- 2020-04-30 2020-05-08 2020-05-19
PEAK 2020-02-14 0.370 --- 2020-01-30 2020-02-18 2020-02-28
PEAK 2019-11-01 0.370 --- 2019-10-23 2019-11-04 2019-11-19
PEAK 2019-08-02 0.370 --- 2019-07-25 2019-08-05 2019-08-20

Financial Statements Overview


The next Earnings Report for PEAK is 2022-02-08

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 0 0 0 0
Receivables 44,699,000 41,814,000 38,879,000 42,269,000
Inventory 0 0 0 0
Current Assets 761,869,000 814,620,000 813,028,000 393,782,000
Current Assets (Other) 0 0 0 44,706,000
Short Term Investments 0 0 0 44,706,000
Long-term Investments 13,981,633,000 13,517,750,000 14,380,898,000 15,526,307,000
Property, Plant & Equipment Net 12,076,636,000 11,603,993,000 11,148,948,000 11,119,758,000
Goodwill 0 0 0 0
Intangible Assets 520,335,000 511,612,000 495,919,000 519,917,000
Other Assets 723,344,000 669,375,000 695,224,000 665,106,000
Net Tangible Assets 6,150,025,000 6,373,250,000 6,268,619,000 6,268,428,000
Total Assets 14,743,502,000 14,332,370,000 15,193,926,000 15,920,089,000
Accounts Payable 0 0 0 0
Liabilities (Other) 144,004,000 139,116,000 138,617,000 144,199,000
Current Liabilities (Other) 1,512,352,000 1,466,145,000 1,462,986,000 1,537,707,000
Total Current Liabilities 7,050,756,000 6,504,521,000 7,226,035,000 7,835,686,000
Current Long-term Debt 5,538,404,000 5,038,376,000 5,763,049,000 6,297,979,000
Long-term Debt 0 0 0 0
Total Liabilities 8,073,142,000 7,447,508,000 8,429,388,000 9,131,744,000
Minority Interest 668,028,000 548,867,000 552,144,000 556,227,000
Common Stock 539,021,000 538,929,000 538,679,000 539,149,000
Retained Earnings -3,987,537,000 -3,880,253,000 -3,994,562,000 -3,976,232,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 6,670,360,000 6,884,862,000 6,764,538,000 6,788,345,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 481,465,000 476,238,000 455,276,000 -126,454,000
Cost of Revenue 0 0 0 0
Gross Profit 481,465,000 476,238,000 455,276,000 -126,454,000
Research and Development 0 0 0 0
Selling General and Admin 23,270,000 24,088,000 24,902,000 25,507,000
Operating Expense 439,441,000 486,775,000 415,084,000 -193,901,000
Operating Income 42,024,000 -10,537,000 40,192,000 67,447,000
Income Expense Net (Other) 1,670,000 1,734,000 2,200,000 -2,570,000
EBIT 46,021,000 -7,936,000 43,715,000 46,823,000
Interest Income 0 0 0 0
Pretax Income 60,656,000 167,302,000 -120,577,000 -110,708,000
Income Tax -649,000 -763,000 8,000 6,793,000
Minority Interest 7,195,000 5,745,000 3,635,000 3,851,000
Net Income 54,442,000 275,993,000 143,337,000 146,320,000
Net Income Basic 54,442,000 275,993,000 143,337,000 146,320,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 54,442,000 275,993,000 143,337,000 146,320,000
Depreciation 177,175,000 171,459,000 157,538,000 697,143,000
Changes in Receivables 44,699,000 41,814,000 38,879,000 42,269,000
Changes in Inventories 0 0 0 0
Cash Change 201,099,000 96,923,000 34,007,000 44,226,000
Cash Flow 211,741,000 236,868,000 122,726,000 218,707,000
Capital Expenditures -148,681,000 -146,490,000 -135,339,000 -791,566,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 2,915,971,000 -944,570,000 -767,726,000 -241,222,000
Dividends Paid 0 0 0 0
Net Borrowings 5,127,342,000 4,609,300,000 5,022,907,000 6,057,898,000
Cash Flow Financing -3,697,161,000 1,085,153,000 924,119,000 -95,338,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Healthpeak Properties, Inc.


In October 2019, HCP, Inc. changed its name to Healthpeak Properties and began trading under the ticker “PEAK” on the New York Stock Exchange (NYSE) on November 5, 2019. Healthpeak Properties, Inc. is a diversified real estate investment trust (REIT) that owns and develops healthcare real estate for Life Science, Senior Housing and Medical Office tenants. At Healthpeak, we believe in the power of clarity. That a simple strategy, unwavering focus and deliberate actions enable consistent execution on our vision for long-term growth. As an innovative company at the forefront of providing premium real estate to the dynamic healthcare industry, we are committed to delivering value to our shareholders, customers and employees. We have had a long history – starting as Health Care Property Investors in 1985 with an IPO on the NYSE, growing into a leading healthcare REIT, and earning our way into the S&P 500 index in 2008. Now, as Healthpeak, we have over $20 billion of owned real estate and are well positioned to create consistent long-term growth opportunities for our investors. Thirty-five years later, we are just getting started.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
2 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
9 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
8 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.8
7 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
Rating Leverage Section Avg. Rating
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
0 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
10 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.3
5.9 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2021-12-07 - v2.4