Healthpeak Properties Inc. (PEAK) Tops Q4 EPS by 23c, Revenues Miss

Healthpeak Properties Inc. (NYSE: PEAK) reported Q4 EPS of $0.27, $0.23 better than the analyst estimate of $0.04. Revenue for the quarter came in at $431.7 million versus the consensus estimate of $596.51 million.

GUIDANCE:

Healthpeak Properties Inc. sees FY2021 EPS of $1.50-$1.60, versus the consensus of $0.23.

For full year 2021, we have established the following guidance ranges:

• Diluted earnings per common share of $1.02 to $1.12
• Diluted NAREIT FFO per share of $1.05 to $1.15
• Diluted FFO as Adjusted per share of $1.50 to $1.60
• Blended Total Portfolio Same-Store Cash NOI growth of 1.50% to 3.00%

Components to Blended Total Portfolio Same-Store Cash NOI guidance:

• Life Science: 4.00% to 5.00%; 50% of the full year 2021 same-store pool
• Medical Office: 1.50% to 2.50%; 47% of the full year 2021 same-store pool
• CCRC: (30.00%) to (15.00%); 3% of the full year 2021 same-store pool

For earnings history and earnings-related data on Healthpeak Properties Inc. (PEAK) click here.

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