Healthpeak Properties Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	2,157	2,087	1,632	1,543	1,387
Service and Other Revenue	665.77	613.25	549.2	518.24	509.1
Revenue	2,823	2,700	2,181	2,061	1,896
Revenue Growth (YoY)	4.52%	23.82%	5.81%	8.70%	15.28%
Property Expenses	1,129	1,075	902.06	862.99	773.28
Total Property Expenses	1,129	1,075	902.06	862.99	773.28
Gross Profit	1,693	1,626	1,279	1,198	1,123
Selling, General & Admin	90.42	97.16	95.13	131.03	98.3
Depreciation & Amortization Expenses	1,059	1,057	749.9	710.57	684.29
Other Operating Expenses	24.63	155.66	11.91	11.86	25
Operating Income	519.51	315.56	422	344.73	315.32
Net Gains on Disposal of Properties	69.49	178.7	86.46	9.08	190.59
Interest Income	-173.98	-1.52	10.2	1.99	6.1
Interest Expense	-305.18	-280.43	-200.33	-172.94	-157.98
Other Non-Operating Income (Expense)	0.48	59.35	6.81	326.27	-219.56
Total Non-Operating Income (Expense)	-409.2	-43.91	-96.86	164.39	-180.85
Pretax Income	110.31	271.65	325.14	509.12	134.47
Provision for Income Taxes	9.28	4.35	-9.62	-4.43	-3.26
Net Income	70.51	242.38	304.28	497.79	502.27
Minority Interest in Earnings	30.51	24.92	30.47	18.63	23.66
Earnings From Discontinued Operations	-	-	-	2.88	388.2
Net Income to Common	70.51	242.38	304.28	497.79	502.27
Net Income Growth	-70.91%	-20.34%	-38.87%	-0.89%	22.16%
Shares Outstanding (Basic)	696	676	547	539	539
Shares Outstanding (Diluted)	696	676	547	539	539
Shares Change (YoY)	2.93%	23.56%	1.51%	-0.02%	1.54%
EPS (Basic)	0.10	0.36	0.56	0.92	0.93
EPS (Diluted)	0.10	0.36	0.56	0.92	0.93
EPS Growth	-72.22%	-35.71%	-39.13%	-1.07%	190.63%
Free Cash Flow	354.35	357.22	111.44	-69.89	73.21
Free Cash Flow Growth	-0.80%	220.55%	-	-	-
Free Cash Flow Per Share	0.51	0.53	0.20	-0.13	0.14
Dividends Per Share	1.220	1.200	1.200	1.200	1.200
Dividend Growth	1.67%	-	-	-	-18.92%
Gross Margin	60.00%	60.20%	58.64%	58.13%	59.22%
Operating Margin	18.41%	11.69%	19.35%	16.72%	16.63%
Profit Margin	3.58%	9.90%	15.35%	24.91%	7.26%
FCF Margin	12.55%	13.23%	5.11%	-3.39%	3.86%
EBITDA	1,443	1,253	1,063	1,055	999.6
EBITDA Margin	51.11%	46.40%	48.73%	51.20%	52.72%
EBIT	519.51	315.56	422	344.73	315.32
EBIT Margin	18.41%	11.69%	19.35%	16.72%	16.63%
Effective Tax Rate	8.42%	1.60%	-2.96%	-0.87%	-2.43%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.