Healthpeak Properties, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.82B | $2.70B | $2.18B | $2.06B | $1.90B | $1.64B | $1.24B | $1.19B |
| Cost of Revenue | — | $1.07B | $902.1M | $863.0M | $773.3M | $782.5M | $405.2M | $378.7M |
| Gross Profit | — | $1.63B | $1.28B | $1.20B | $1.12B | $862.3M | $835.1M | $812.7M |
| Gross Margin | — | 60.2% | 58.6% | 58.1% | 59.2% | 52.4% | 67.3% | 68.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $90.4M | $97.2M | $95.1M | $131.0M | $98.3M | $93.2M | $93.0M | $96.7M |
| Operating Income | $589.5M | $553.6M | $515.3M | $680.1M | $286.3M | $436.0M | $209.0M | $258.7M |
| Operating Margin | 20.9% | 20.5% | 23.6% | 33.0% | 15.1% | 26.5% | 16.8% | 21.7% |
| Interest Expense | $305.2M | $280.4M | $200.3M | $172.9M | $158.0M | $218.3M | $217.6M | $261.3M |
| Pretax Income | $284.3M | $273.2M | $314.9M | $507.1M | $128.4M | $217.7M | $-8.6M | $-2.6M |
| Income Tax Expense | $9.3M | $4.4M | $-9.6M | $-4.4M | $-3.3M | $-9.4M | $-5.5M | $-4.4M |
| Net Income | $71.3M | $243.1M | $306.0M | $500.4M | $505.5M | $413.6M | $45.5M | $1.06B |
| Net Margin | 2.5% | 9.0% | 14.0% | 24.3% | 26.7% | 25.1% | 3.7% | 89.1% |
| EPS (Basic) | $0.10 | $0.36 | $0.56 | $0.92 | $0.93 | $0.77 | $0.09 | $2.25 |
| EPS (Diluted) | $0.10 | $0.36 | $0.56 | $0.92 | $0.93 | $0.77 | $0.09 | $2.24 |
| Shares Outstanding (Basic) | 696.0M | 675.7M | 547.0M | 538.8M | 538.9M | 530.6M | 486.3M | 470.6M |
| Shares Outstanding (Diluted) | 696.0M | 676.2M | 547.3M | 539.1M | 539.2M | 531.1M | 489.3M | 475.4M |
| Dividends Per Share | $1.22 | $1.20 | $1.20 | $1.20 | $1.20 | $1.48 | $1.48 | $1.48 |