HEALTHPEAK PROPERTIES, INC. Reports Surge in Q4 2025 Net Income

By Chris Stiles • Tuesday, February 03 15:35 • Permanent Link

Healthpeak Properties, Inc. has reported its financial results for the fourth quarter of 2025, showing significant changes in key metrics compared to the same period in 2024. The company's net income for the fourth quarter of 2025 was $113,848,000, or $0.16 per share, compared to $4,400,000, or $0.01 per share, in the fourth quarter of 2024. This represents a substantial increase in net income on a per-share basis.

In terms of Funds From Operations (FFO), the company reported NAREIT FFO of $333,105,000, or $0.47 per share, for the fourth quarter of 2025, compared to $311,396,000, or $0.44 per share, in the same period in 2024. Similarly, FFO as adjusted was $331,713,000, or $0.47 per share, in the fourth quarter of 2025, compared to $329,264,000, or $0.46 per share, in the fourth quarter of 2024.

Adjusted Funds From Operations (AFFO) for the fourth quarter of 2025 was $284,130,000, or $0.40 per share, down from $311,923,000, or $0.44 per share, in the same period in 2024.

The company also provided a full-year comparison, indicating that its net income for the year ended December 31, 2025, was $70,513,000, or $0.10 per share, significantly lower than the net income of $242,491,000, or $0.36 per share, for the year ended December 31, 2024.

In terms of FFO and AFFO for the full year, Healthpeak Properties reported NAREIT FFO of $1,287,192,000, or $1.81 per share, for the year ended December 31, 2025, compared to $1,108,941,000, or $1.61 per share, for the year ended December 31, 2024. Additionally, FFO as adjusted was $1,310,448,000, or $1.84 per share, for the year ended December 31, 2025, compared to $1,247,929,000, or $1.81 per share, for the year ended December 31, 2024. AFFO for the year ended December 31, 2025, was $1,201,778,000, or $1.69 per share, compared to $1,156,876,000, or $1.68 per share, for the year ended December 31, 2024.

The company also provided details on its total merger-combined same-store cash (adjusted) NOI growth, showing a positive trend in various segments. In the fourth quarter of 2025, outpatient medical NOI grew by 4.1%, while lab NOI decreased by 0.3% compared to the same period in 2024. For the full year, outpatient medical NOI grew by 3.9%, lab NOI grew by 1.5%, and life plan NOI grew by 12.6%.

These figures demonstrate the company's performance and strategic initiatives in different segments, providing a comprehensive view of its financial health and operational progress. Today the company's shares have moved 1.59% to a price of $17.83. For the full picture, make sure to review HEALTHPEAK PROPERTIES, INC.'s 8-K report.

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