Healthpeak Properties (DOC) FY2023 results: revenue $2.2 billion, up 5.8% on the year
Healthpeak Properties, Inc. (DOC) reported revenue of $2.2 billion for fiscal 2023, the year ended 31 December 2023, up 5.8% on the year before. Net income was $306 million, down 38.9%, and diluted earnings per share $0.56. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2024.
Revenue
$2.2 billion
+5.8% on the year
FY2016FY2023
Operating margin
10.2%
8.3% a year earlier
FY2016FY2023
Net income
$306 million
-38.9% on the year
FY2016FY2023
Diluted EPS
$0.56
-39.1% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
956
900
795
+6.2%
Capital expenditure
775
962
760
-19.5%
Free cash flow
182
-61.7
35.5
Free cash flow margin
8.3%
-3.0%
1.9%
Cash from investing
-577
-876
531
Cash from financing
-337
-117
-1,289
Depreciation and amortisation
750
711
684
+5.5%
Share-based compensation
14.5
26.5
18.2
-45.3%
Buybacks
6.5
67.8
12.8
-90.4%
Dividends paid
657
648
650
+1.4%
Dividend per share
$1.20
$1.20
$1.20
0.0%
Diluted shares, weighted
547m
539m
539m
+1.5%
Shares outstanding at period end
547m
547m
539m
+0.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,350
6,655
6,515
-4.6%
Non-controlling interest
526
528
543
-0.4%
Redeemable equity
48.8
106
87.3
-53.8%
Debt
6,876
6,498
6,170
+5.8%
Other liabilities
1,898
1,985
1,941
-4.4%
Total liabilities and equity
15,699
15,771
15,258
-0.5%
Goodwill
18.0
18.0
18.0
0.0%
Intangible assets
314
418
520
-24.9%
Loans
218
375
416
-41.7%
Cash and equivalents
118
72.0
158
+63.3%
Other assets
15,031
14,888
14,146
+1.0%
Total assets
15,699
15,771
15,258
-0.5%
10-K for the year ended 31 December 2023, filed 9 February 2024: the filing.