Healthpeak Properties Inc 2025年季度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934For the quarterly period endedMarch 31, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934For the transition period fromtoCommission file number 001-08895 Healthpeak Properties, Inc.(Exact name of registrant as specified in its charter) Maryland33-0091377(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)4600 South Syracuse Street, Suite 500Denver, CO 80237(Address of principal executive offices) (Zip Code)(720) 428-5050(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant wasrequired to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicatebycheckmarkwhethertheregistrantisashellcompany(asdefinedinRule 12b-2oftheExchangeAct). Yes☐No☒ As of April 23, 2025, there were 694,732,106 shares of the registrant’s $1.00 par value common stock outstanding. Table of Contents HEALTHPEAK PROPERTIES, INC.INDEX PART I. FINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited):3Consolidated Balance Sheets3Consolidated Statements of Operations4Consolidated Statements of Comprehensive Income (Loss)5Consolidated Statements of Equity and Redeemable Noncontrolling Interests6Consolidated Statements of Cash Flows7Notes to the Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations39Item 3.Quantitative and Qualitative Disclosures About Market Risk60Item 4.Controls and Procedures61PART II. OTHER INFORMATIONItem 1A.Risk Factors62Item 2.Unregistered Sales of Equity Securities and Use of Proceeds62Item 5.Other Information62Item 6.Exhibits63Signatures65 PART I. FINANCIAL INFORMATION Healthpeak Properties, Inc.CONSOLIDATED BALANCE SHEETS(In thousands, except share and per share data)(Unaudited) See accompanying Notes to the Unaudited Consolidated Financial Statements. Table of Contents See accompanying Notes to the Unaudited Consolidated Financial Statements. 4 Table of Contents Healthpeak Properties, Inc.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(In thousands)(Unaudited) 5 Table of Contents Healthpeak Properties, Inc.CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS(In thousands, except per share data)(Unaudited) For the three months ended March 31, 2025: See accompanying Notes to the Unaudited Consolidated Financial Statements. 6 Table of Contents Healthpeak Properties, Inc.CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited) See accompanying Notes to the Unaudited Consolidated Financial Statements. Table of Contents Healthpeak Properties, Inc.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) NOTE 1. Business Overview Healthpeak Properties, Inc., a Standard & Poor’s 500 company, is a Maryland corporation that is organized toqualify as a real estate investment trust (“REIT”) and that, together with its consolidated entities (collectively,“Healthpeak” or the “Company”), owns, operates, and develops high-quality real estate focused on healthcarediscovery and delivery in the United States (“U.S.”). Healthpeak® has a diverse portfolio comprised of investmentsin the following reportable healthcare segments: (i) outpatient medical; (ii) lab; and (iii) continuing care retirementcommunity (“CCRC”). The Company’s corporate headquarters are in Denver, Colorado, and it has additional corporate offices inCalifornia, Tennessee, Wisconsin, and Massachusetts, and property management offices in several locationsthroughout the U.S. The Company is organized as an umbrella partnership REIT (“UPRE