Healthpeak Properties, Inc. (DOC) Earnings Call Transcripts

Healthpeak Properties, Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Healthpeak Properties, Inc. reported an adjusted FFO of $0.46 per share, reflecting strong operational performance across its segments. The company raised its full-year FFO guidance to a range of $1.73 to $1.77 per share, driven by improved same-store NOI expectations. Revenue growth was bolstered by a 19% increase in NOI from senior housing and continued demand in outpatient medical, although cash re-leasing spreads showed a slight deceleration compared to previous quarters.

Reported metrics

Guidance from management

Healthpeak raised its FFO guidance to a range of $1.73 to $1.77 per share, reflecting improved expectations for same-store NOI growth, particularly in lab and senior housing segments.

What management said

Ron, I just want to add, same-store is less relevant. The real key is total occupancy and loving NOI in that segment higher. That's what generates earnings growth and ultimately share price. So that's all we talk about internally. That's the number we're reporting on. We report same-store because we have to. That's not the number we focus on. The key is we're growing total occupancy, and that's going to grow total NO...

Juan, this is Scott. The only thing I'd add on that, too, is the from a size perspective, we have seen more in that 25,000 to 75,000 square foot range, both in the execution as well as the LOI and pipeline bucket. So I think that that size rate is normalizing as we see the funding environment continue to improve.

What analysts pressed on

Analysts raised questions regarding the deceleration in outpatient cash re-leasing spreads and the competitive environment for lab leasing. There are concerns about how external factors might impact future occupancy and leasing performance in a potentially volatile market.

Main topics on the call

• FFO Guidance Increase — Healthpeak raised its full-year FFO guidance by $0.02 to a range of $1.73 to $1.77 per share, driven by a 75 basis point increase in total same-store NOI. Management stated, "We've made significant progress across the bu...
• Occupancy Growth in Senior Housing — The senior housing segment reported a notable 260 basis points increase in occupancy and a 19% growth in NOI. Management highlighted, "Our senior housing portfolio will essentially double in size this year," indicating s...
• Outpatient Medical Performance — The outpatient medical segment achieved cash re-leasing spreads of 5%, consistent with historical averages but slightly down from previous quarters. Management noted, "This is 1 where we're a little bit down," attributin...
• Strengthened Balance Sheet — Healthpeak's leverage is reported at 4.7x, below the long-term target of 5.5x, providing flexibility for capital allocation. Management stated, "We're seeing a lot of opportunity across all three business segments," emph...

Read the full Healthpeak Properties, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 53 Healthpeak Properties, Inc. earnings call transcripts on record, spanning February 12, 2020 to August 5, 2026. Based on this history, Healthpeak Properties, Inc. reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

DOC

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Health Care REITs

Calls on record

53

First call

February 12, 2020

Most recent

August 5, 2026

Reporting cadence

quarterly