Healthpeak Properties, Inc. (DOC)

Healthpeak Properties Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	2,087	1,632	1,542	1,378	1,182
Other Revenue	568.48	527.42	494.94	471.33	436.49
Total Revenue	2,700	2,181	2,061	1,896	1,645
Revenue Growth (YoY	23.82%	5.81%	8.70%	15.28%	32.61%
Property Expenses	1,070	900.58	859.84	767.12	794.88
Selling, General & Administrative	106.16	103.13	100.03	106.3	99.24
Depreciation & Amortization	1,057	749.9	710.57	684.29	553.95
Provision for Loan Losses	-7.67	-2.09	-	-	-
Total Operating Expenses	2,241	1,756	1,670	1,558	1,448
Operating Income	459.87	425.31	390.73	338.48	196.81
Interest Expense	-280.43	-200.33	-172.94	-157.98	-218.34
Income (Loss) on Equity Investments	-1.52	10.2	1.99	6.1	-66.6
Other Non-Operating Income	11.8	3.39	-8.63	8.81	48.49
EBT Excluding Unusual Items	189.72	238.57	211.15	195.41	-39.64
Merger & Restructuring Charges	-129	-11	-	-	-
Gain (Loss) on Sale of Investments	77.55	0.23	-	-	170
Gain (Loss) on Sale of Assets	178.7	86.46	343.21	190.59	90.35
Total Insurance Settlements	-	3	-	-	-
Asset Writedown	-15.31	7.69	-7	-23.16	-42.91
Other Unusual Items	-30	0.18	-31.24	-228.37	-26.71
Pretax Income	271.65	325.14	509.12	134.47	151.08
Income Tax Expense	4.35	-9.62	-4.43	-3.26	-9.42
Earnings From Continuing Operations	267.3	334.76	513.54	137.73	160.51
Earnings From Discontinued Operations	-	-	2.88	385.66	267.45
Net Income to Company	267.3	334.76	516.42	523.39	427.96
Minority Interest in Earnings	-24.16	-28.75	-15.98	-17.85	-14.39
Net Income	243.14	306.01	500.45	505.54	413.56
Preferred Dividends & Other Adjustments	0.76	1.73	2.66	3.27	2.42
Net Income to Common	242.38	304.28	497.79	502.27	411.15
Net Income Growth	-20.54%	-38.85%	-1.01%	22.24%	808.33%
Basic Shares Outstanding	676	547	539	539	531
Diluted Shares Outstanding	676	547	539	539	531
Shares Change (YoY)	23.56%	1.51%	-0.02%	1.54%	8.53%
EPS (Basic)	0.36	0.56	0.92	0.93	0.77
EPS (Diluted)	0.36	0.56	0.92	0.93	0.77
EPS Growth	-35.54%	-39.79%	-0.87%	20.47%	755.21%
Dividend Per Share	1.200	1.200	1.200	1.200	1.480
Dividend Growth	0%	0%	0%	-18.92%	0%
Operating Margin	17.03%	19.50%	18.96%	17.85%	11.96%
Profit Margin	8.98%	13.95%	24.15%	26.49%	25.00%
Free Cash Flow Margin	39.64%	43.84%	43.68%	41.94%	46.11%
EBITDA	1,456	1,151	1,080	1,004	741.04
EBITDA Margin	53.92%	52.78%	52.38%	52.96%	45.05%
D&A For Ebitda	996.31	725.89	688.93	665.69	544.23
EBIT	459.87	425.31	390.73	338.48	196.81
EBIT Margin	17.03%	19.50%	18.96%	17.85%	11.96%
Funds From Operations (FFO)	1,093	985.18	895.17	604.73	693.37
FFO Per Share	1.61	1.79	-	-	1.30
Adjusted Funds From Operations (AFFO)	1,232	978.31	940.93	870.65	874.19
AFFO Per Share	1.81	1.78	-	-	1.64
FFO Payout Ratio	72.73%	66.69%	72.39%	107.50%	113.51%
Effective Tax Rate	1.60%	-	-	-	-
Revenue as Reported	2,700	2,181	2,061	1,896	1,645

Source: S&P Capital IQ. Real Estate template. Financial Sources.