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HEALTHPEAK PROPERTIES, INC. (HCP)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues [Abstract]          
Rental and related revenues  1,541.81,378.41,182.11,069.5    
Resident fees and services  2,061.21,896.21,644.91,240.31,846.71,848.42,129.31,940.5
            Resident fees and services growth  8.7%15.3%32.6%-32.8%-0.1%-13.2%9.7%18.6%
Interest income  23.337.816.69.810.456.288.8112.2
Income from direct financing leases  1.28.79.716.754.354.259.6 
    Total revenues  2,061.21,896.21,644.91,240.31,846.71,848.42,129.31,940.5
            Total revenues growth  8.7%15.3%32.6%-32.8%-0.1%-13.2%9.7%18.6%
Costs and expenses:          
Interest expense  -172.9-158.0-218.3-217.6-266.3-307.7 -479.6
Depreciation and amortization  710.6684.3553.9435.2549.5534.7568.1504.9
General and administrative  131.098.393.293.096.788.8103.696.0
Transaction costs  4.91.818.32.010.88.09.827.3
    Total costs and expenses  1,889.44,069.81,709.32,529.03,805.93,902.21,884.33,784.7
   
Other income (expense):          
Gain (loss) on sales of real estate, net  9.1190.690.40.0926.0356.6164.76.4
Other income (expense), net  326.36.3234.7165.113.331.43.716.2
    Total other income (expense), net  335.3-29.0282.1271.7895.1333.8122.322.6
    Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures  507.1128.4217.7176.31,058.2410.4367.3136.3
Income tax benefit (expense)  4.43.39.45.5-17.9-1.34.5-9.8
            Tax rate      1.7%0.3% 7.2%
Equity income (loss) from unconsolidated joint ventures  2.06.1-66.6-6.3-2.610.911.46.6
    Income (loss) from continuing operations  513.5137.7160.5175.51,073.5422.6374.2152.7
Income (loss) from discontinued operations  2.9388.2267.7-115.4  265.8-699.1
    Net income (loss)  516.4525.9428.3235.51,073.5422.6639.9-546.4
    Net income (loss) attributable to Healthpeak Properties, Inc.  500.4505.5413.645.51,061.1414.2627.7-559.2
Participating securities’ share in earnings  -2.7-3.3-2.4-1.5    
    Net income (loss) applicable to common shares  497.8502.3411.144.01,058.4413.0626.5-560.6
   
Earnings Per Share [Abstract]          
Continuing operations (in dollars per share)  0.00.00.00.00.00.00.00.0
Discontinued operations (in dollars per share)   0.00.00.0  0.00.0
   
    Net income (loss) applicable to common shares (in dollars per share)  $0.92$0.93$0.77$0.09$2.25$0.88$1.34($1.21)
   
Diluted earnings (loss) per common share:          
Continuing operations (in dollars per share)  0.00.00.00.00.00.00.00.0
Discontinued operations (in dollars per share)   0.00.00.0  0.00.0
    Net income (loss) applicable to common shares (in dollars per share)  $0.92$0.93$0.77$0.09$2.24$0.88$1.34($1.21)
   
Weighted average shares outstanding:          
Basic (in shares)  538.8538.9530.6486.3470.6468.8467.2462.8
Diluted (in shares)  539.1539.2531.1489.3475.4468.9467.4462.8

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