Healthpeak Properties (DOC) FY2024 results: revenue $2.7 billion, up 23.8% on the year
Healthpeak Properties, Inc. (DOC) reported revenue of $2.7 billion for fiscal 2024, the year ended 31 December 2024, up 23.8% on the year before. Net income was $243 million, down 20.5%, and diluted earnings per share $0.36. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2025.
Revenue
$2.7 billion
+23.8% on the year
FY2017FY2024
Operating margin
1.3%
10.2% a year earlier
FY2017FY2024
Net income
$243 million
-20.5% on the year
FY2017FY2024
Diluted EPS
$0.36
-35.7% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,070
956
900
+11.9%
Capital expenditure
737
775
962
-4.9%
Free cash flow
334
182
-61.7
+83.7%
Free cash flow margin
12.4%
8.3%
-3.0%
Cash from investing
-114
-577
-876
Cash from financing
-941
-337
-117
Depreciation and amortisation
1,057
750
711
+41.0%
Share-based compensation
15.5
14.5
26.5
+7.3%
Buybacks
191
6.5
67.8
+2,822.9%
Dividends paid
795
657
648
+21.0%
Dividend per share
$1.20
$1.20
$1.20
0.0%
Diluted shares, weighted
676m
547m
539m
+23.6%
Shares outstanding at period end
699m
547m
547m
+27.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
8,401
6,350
6,655
+32.3%
Non-controlling interest
654
526
528
+24.4%
Redeemable equity
2.6
48.8
106
-94.7%
Debt
8,716
6,876
6,498
+26.8%
Other liabilities
2,165
1,898
1,985
+14.1%
Total liabilities and equity
19,938
15,699
15,771
+27.0%
Goodwill
68.5
18.0
18.0
+280.7%
Intangible assets
817
314
418
+160.1%
Loans
656
218
375
+200.3%
Cash and equivalents
120
118
72.0
+1.9%
Other assets
18,277
15,031
14,888
+21.6%
Total assets
19,938
15,699
15,771
+27.0%
10-K for the year ended 31 December 2024, filed 4 February 2025: the filing.