Healthpeak Properties, Inc. (DOC)

Over the past six months, Healthpeak Properties' stock has experienced several notable events. The stock price decreased by 1.15% in the past month and 15.88% over the last 12 months. As of October 16, 2025, the share price was $18.45, a decline of 17.30% from October 17, 2024. Healthpeak reported its third-quarter 2025 results on October 23, 2025, with a profit bolstered by faster outpatient medical demand. The company's FFO (Funds From Operations) of $0.46 per share beat analyst estimates by $0.01, and revenue of $705.87 million also surpassed expectations by $24.99 million. Key highlights from Q3 2025 included a year-to-date portfolio same-store growth of 3.8%, CCRC cash net operating income (NOI) growth of 9.4% for the quarter, and positive cash re-leasing spreads in both outpatient medical (5.4%) and lab leasing (5%). Outpatient medical occupancy increased by 10 basis points to 91%, and CCRC occupancy was up 70 basis points sequentially. In August 2025, Healthpeak issued $500 million of 4.75% senior unsecured notes due 2033. The company also completed its merger integration with Physicians Realty Trust, which has been described as highly successful. Healthpeak declared monthly common stock cash dividends for the fourth quarter of 2025, totaling $0.305 per share, with an annualized dividend amount of $1.22 per share. Insider trading activity has also been noted, with CEO Scott M. Brinker increasing his ownership stake through a recent purchase of shares.

Demand for Healthpeak Properties' products and services appears to be driven by long-term demographic and industry trends rather than distinct seasonal patterns. The increasing life expectancy of the U.S. population and growth opportunities in biopharma drug development are driving demand for lab real estate assets. Similarly, the rising senior citizen population, which typically has higher healthcare expenditures, contributes to the demand for Healthpeak's continuing care retirement community portfolio. The company's Q3 2025 report indicated that outpatient medical demand is growing faster than new supply, suggesting consistent underlying demand in this segment. While there isn't explicit information on quarterly or monthly seasonality, the underlying drivers suggest a steady, growing demand influenced by demographic shifts and healthcare industry expansion.

Healthpeak Properties, Inc. (DOC) is a fully integrated real estate investment trust (REIT) and an S&P 500 company operating in the Real Estate sector, specifically in the Healthcare Facilities REIT industry. Healthpeak focuses on acquiring, developing, owning, leasing, and managing high-quality real estate dedicated to healthcare discovery and delivery across the United States. Its major product segments include Lab properties, Outpatient Medical buildings, and Continuing Care Retirement Communities (CCRCs). The Lab segment provides laboratory and office space primarily to biotechnology, medical device, pharmaceutical companies, scientific research institutions, and government agencies. The Outpatient Medical segment encompasses outpatient medical buildings, hospitals, and lab buildings. The CCRC segment offers a continuum of care, including independent living, assisted living, memory care, and skilled nursing units within integrated campuses.

Healthpeak Properties, Inc. has a significant geographic footprint across the United States. The company's portfolio consists of approximately 263 healthcare properties located in 31 states, totaling around 14,080,739 net leasable square feet.

In the past year, Healthpeak Properties has actively focused on its corporate responsibility and sustainability efforts. The company released its 14th annual Corporate Impact Report in September 2025, highlighting its commitment to building a resilient portfolio, advancing sustainability goals, fostering a positive workplace culture, and promoting sound corporate governance and transparency. Healthpeak has achieved several recognitions, including being named a 2024 ENERGY STAR Partner of the Year for Sustained Excellence. The company has also exceeded two 10-year sustainability targets ahead of schedule, reducing water consumption by 11.5% cumulatively since 2020 and increasing recycling by 12.1% cumulatively since 2020 within its operations. Additionally, Healthpeak achieved an 8.2% like-for-like reduction in greenhouse gas emissions and a 1.8% reduction in energy use in 2024. The merger with Physicians Realty Trust in March 2024 also involved a comprehensive rebaselining of environmental data across the combined portfolio, enhancing the accuracy of tracking environmental metrics.

Healthpeak Properties (DOC) stock ownership is a mix of institutional, retail, and individual investors. Approximately 62.44% of the company's stock is owned by Institutional Investors, 0.33% by Insiders, and 37.23% by Public Companies and Individual Investors. Other sources indicate institutional ownership at 92.37% and insider ownership at 1.58%, with retail investors holding 6.06%. Major institutional shareholders include Vanguard Group Inc., holding 16.04% of the company, BlackRock, Inc., holding 10.68%, and State Street Corp, holding 6.99%. Other major shareholders are Principal Financial Group Inc., Fuller & Thaler Asset Management, Inc., Invesco Ltd., JPMorgan Chase & Co., Geode Capital Management LLC, and Northern Trust Corp.