Healthpeak Properties, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $52.8M | $193.6M | $114.0M | $-117.1M | $31.7M | $42.8M | $4.5M | $85.9M |
| Depreciation & Amortization | $283.4M | $289.7M | $262.1M | $262.3M | $265.9M | $268.5M | $274.5M | $280.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $4.8M | $4.5M | $4.0M | $4.0M | $1.7M | $4.6M | $3.6M | $3.8M |
| Net Cash from Operating Activities | $361.1M | $260.9M | $294.1M | $315.0M | $363.5M | $279.4M | $283.5M | $318.2M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | $4.5M | $291.4M | — | — | $0 | $0 | — | — |
| Net Cash from Investing Activities | $132.6M | $-638.6M | $-405.6M | $-188.1M | $-210.3M | $-230.7M | $-233.8M | $30.2M |
| Financing Activities | ||||||||
| Dividends Paid | $210.3M | $212.0M | $211.9M | $211.9M | $211.9M | $213.5M | $209.8M | $209.8M |
| Stock Repurchases | $100.2M | $1.4M | $87.0K | $17.0K | $72.1M | $25.0M | $326.0K | $20.1M |
| Net Cash from Financing Activities | $-41.0M | $1.11B | $489.5M | $-130.4M | $-128.6M | $-94.4M | $-107.5M | $-265.7M |
| Net Change in Cash | $452.8M | $728.2M | $378.0M | $-3.5M | $24.7M | $-45.7M | $-57.7M | $82.8M |
| Free Cash Flow | — | — | — | — | — | — | — | — |