Earnings Releases·Nov 2, 2026, 4:10 PM ET

Healthpeak Properties — Third Quarter 2026 Earnings Summary

Reported diluted net income per share of $0.02, a significant improvement from a $0.17 loss in the prior year period, while diluted FFO as Adjusted per share declined to $0.44 from $0.46; total revenues rose 16% year-over-year to $820.9 million.
Full Year 2026 diluted EPS guidance was lowered to $0.39–$0.41 (midpoint decrease of $0.10) due to depreciation from senior housing acquisitions, though FFO guidance was raised to $1.76–$1.80 and Same-Store NOI guidance increased to 0.5%–2.0%.
Janus Living drove significant growth with $268 million in revenue (up 78% YoY) and $105 million in Adjusted EBITDAre (up 101% YoY), supported by $1.75 billion in Q3 senior housing acquisitions and $370 million in additional deals post-quarter.
Executed $2.1 billion joint venture recapitalization with Brookfield Asset Management and secured a new $500 million unsecured delayed-draw term loan, while maintaining $3.8 billion in total corporate liquidity as of October 30, 2026.
Board declared a monthly dividend of $0.10167 per share for Q4 2026, annualizing to $1.22, while the company retains 69% equity ownership in Janus Living.