Healthpeak Properties, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 04, 2022 at 01:45 am IST
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Healthpeak Properties, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 370.15 million compared to USD 327.97 million a year ago. Revenue was USD 498.37 million compared to USD 455.28 million a year ago. Net income was USD 71.61 million compared to USD 145.79 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to basic loss per share from continuing operations of USD 0.23 a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to diluted loss per share from continuing operations of USD 0.23 a year ago. Basic earnings per share was USD 0.13 compared to USD 0.27 a year ago. Diluted earnings per share was USD 0.13 compared to USD 0.27 a year ago.
Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT). The Company acquires, develops, owns, leases, and manages healthcare real estate across the United States. Its strategy is to invest in and manage real estate focused on healthcare discovery and delivery. It has a diversified portfolio of high-quality healthcare properties across three core asset classes of lab, outpatient medical, and continuing care retirement community (CCRC) real estate. The Companyâs segments include Lab, Outpatient medical and CCRC. The lab segment properties contain laboratory and office space, are leased primarily to biotechnology, medical device and pharmaceutical companies, scientific research institutions, government agencies, and other organizations involved in the life science industry. The Outpatient Medical segment includes outpatient medical buildings and hospitals. Outpatient medical buildings typically contain physiciansâ offices and examination rooms.