July 25 (Reuters) - Healthpeak Properties ( DOC ) on
Thursday marginally raised its annual funds from operations
(FFO) forecast on the back of resilient demand for the real
estate investment trust's (REIT) medical office and life science
properties.
The U.S. healthcare-centric company now sees its 2024
adjusted FFO, a key performance measure for REITs, in the range
of $1.77 to $1.81 per share, compared with its previous
forecast of $1.76 to $1.80.
Analysts on average were expecting adjusted FFO of $1.77 per
share, according to LSEG data.
The REIT owns medical office and life science properties, as
well as senior housing, hospital sites and recovery care assets.
Demand for the outpatient & life science sites owned by the
company has been buoyed by a jump in patient visits and has
created a favourable leasing environment.
The company also had better occupancy rates at its
senior housing and retirement facilities that cater to older
adults, benefiting from an ageing population.
The Denver, Colorado-based firm posted adjusted FFO of 45
cents per share in the second quarter, compared with analysts'
estimate of 44 cents per share.
Total revenue of $695.5 million for the quarter ended June
30 beat estimates of $668.71 million.