Overview

* Healthpeak Properties ( DOC ) reports Q3 net loss of $117.3 mln vs profit of $85.7 mln year ago

* Company reports Q3 FFO and Adjusted FFO growth compared to last year

* Integration with Physicians Realty Trust completed successfully, benefiting from strengthened prices

Outlook

* Healthpeak reaffirms full-year 2025 Nareit FFO guidance of $1.78-$1.84 per share

* Company updates full-year 2025 EPS guidance to $0.00-$0.06

* Healthpeak sees 2025 same-store NOI growth of 3.0%-4.0%

Result Drivers

* OUTPATIENT MEDICAL DEMAND - Co attributes strong cash re-leasing spreads to faster demand growth than new supply and deep health system relationships

* PRIVATE MARKET VALUES - Strengthened private market values for outpatient medical buildings due to declining inflation and interest rates, facilitating opportunistic sales and recapitalizations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net -$117.25

Income mln

Q3 $323.30

Adjusted mln

FFO

Q3 FFO $322.70

mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "buy"

* Wall Street's median 12-month price target for Healthpeak Properties Inc ( DOC ) is $21.00, about 11.5% above its October 21 closing price of $18.58

* The stock recently traded at 71 times the next 12-month earnings vs. a P/E of 64 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)