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PEAK Healthpeak Properties

Healthpeak Properties, Inc. is a real estate investment trust, which invests primarily in real estate serving the healthcare industry in the United States. It acquires, develops, leases, sells, and manages healthcare real estate and provides mortgage and other financing to healthcare providers. It operates through the following business segments: Senior Housing Triple-Net, Senior Housing Operating Portfolio (SHOP), Life Science, and Medical Office. The Senior Housing Triple-Net and Operating Portfolio segments manage senior housing facilities, which include independent living, assisted living and memory care facilities, care homes, and continuing care retirement communities by utilizing triple-net leases and RIDEA structures. The Life Science segment contains laboratory and office space primarily for biotechnology, medical device and pharmaceutical companies, scientific research institutions, government agencies, and other organizations involved in the life science industry. The Medical Office segment includes pharmacies, hospital ancillary service space, and outpatient services such as diagnostic centers, rehabilitation clinics, and day-surgery operating rooms. The company was founded in March 1985 and is headquartered in Irvine, CA.

Company profile

Ticker
PEAK
Exchange
CEO
Thomas Herzog
Employees
Incorporated
Location
Fiscal year end
Former names
HCP, INC., HEALTH CARE PROPERTY INVESTORS INC
SEC CIK
IRS number
330091377

PEAK stock data

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Calendar

10 Feb 21
18 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
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Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 111.43M 111.43M 111.43M 111.43M 111.43M 111.43M
Cash burn (monthly) 62.7M (positive/no burn) (positive/no burn) 5.37M (positive/no burn) (positive/no burn)
Cash used (since last report) 226.95M n/a n/a 19.44M n/a n/a
Cash remaining -115.52M n/a n/a 92M n/a n/a
Runway (months of cash) -1.8 n/a n/a 17.1 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Mar 21 Scott M Brinker Common Stock Payment of exercise Dispose F No No 29.09 24,611 715.93K 213,393
25 Feb 21 Garvey Christine Common Stock Sell Dispose S Yes No 29.81 340 10.14K 23,385
15 Feb 21 Lisa A Alonso Common Stock Payment of exercise Dispose F No No 30.94 720 22.28K 14,540
15 Feb 21 Scott M Brinker Common Stock Payment of exercise Dispose F No No 30.94 4,163 128.8K 238,004
15 Feb 21 Thomas Klaritch Common Stock Payment of exercise Dispose F No No 30.94 2,642 81.74K 285,968
14 Feb 21 Lisa A Alonso Common Stock Payment of exercise Dispose F No No 30.94 1,041 32.21K 15,260
14 Feb 21 Scott M Brinker Common Stock Payment of exercise Dispose F No No 30.94 4,438 137.31K 242,167
14 Feb 21 Thomas Klaritch Common Stock Payment of exercise Dispose F No No 30.94 5,901 182.58K 288,610

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

95.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 572 543 +5.3%
Opened positions 72 51 +41.2%
Closed positions 43 55 -21.8%
Increased positions 181 193 -6.2%
Reduced positions 220 213 +3.3%
13F shares
Current Prev Q Change
Total value 15.54B 13.73B +13.2%
Total shares 514.11M 505.54M +1.7%
Total puts 485.9K 256.4K +89.5%
Total calls 986.5K 854K +15.5%
Total put/call ratio 0.5 0.3 +64.1%
Largest owners
Shares Value Change
Vanguard 83.88M $2.54B -0.8%
CNS Cohen & Steers 56.78M $1.72B +62.6%
BLK Blackrock 56.3M $1.7B +5.8%
STT State Street 31.59M $954.99M -1.4%
JPM JPMorgan Chase & Co. 19.13M $578.43M +14.6%
PGGM Investments 18.11M $547.37M +1.1%
DSECF Daiwa Securities 12.53M $378.76M +34.5%
NTRS Northern Trust 10.34M $312.44M -2.3%
Geode Capital Management 10.28M $310.02M -6.3%
Centersquare Investment Management 8.21M $248.06M -17.6%
Largest transactions
Shares Bought/sold Change
CNS Cohen & Steers 56.78M +21.86M +62.6%
IVZ Invesco 5.44M -15.43M -73.9%
Norges Bank 5.55M +5.55M NEW
Wellington Management 4.62M +3.66M +384.0%
DSECF Daiwa Securities 12.53M +3.21M +34.5%
BLK Blackrock 56.3M +3.06M +5.8%
Long Pond Capital 0 -2.96M EXIT
PFG Principal Financial Group Inc - Registered Shares 929.24K -2.76M -74.8%
JPM JPMorgan Chase & Co. 19.13M +2.43M +14.6%
American Century Companies 5.38M +1.9M +54.6%

Financial report summary

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Management Discussion
  • In October 2020, we executed a definitive agreement to acquire approximately 12 acres of land for $128 million. The acquisition site is located in South San Francisco, CA, adjacent to two sites currently held by us as land for future development. We made a $10 million nonrefundable deposit upon completing due diligence in November 2020 and expect to close the transaction in 2021.
  • In December 2020, we acquired three life science facilities in Cambridge, Massachusetts for $610 million and a 49% unconsolidated joint venture interest in a fourth property on the same campus for $54 million.
  • In October 2020, we acquired a portfolio of seven MOBs located in Indiana, Missouri, and Illinois, for $169 million.
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