Short answer
Healthpeak Properties (DOC) filed its Q3 2025 10-Q quarterly report on Oct 24, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $150M (up 5.3% year over year) with net income of −$117M.
Q3 2025 key financials · XBRL
- Revenue
- $150M
- +5.3% YoY · +1.1% QoQ
- Net income
- −$117M
- −236.4% YoY · −469.8% QoQ
- EPS (diluted)
- −$0.17
- −230.8% YoY · −440.0% QoQ
Source: XBRL data from the Healthpeak Properties (DOC) Q3 2025 10-Q on SEC EDGAR. USD.
Healthpeak Properties Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net cash from operating activities $958M, up $171M YoY from $787M for nine months ended Sep 30, driven by merger synergies and rent increases
- Net cash used in investing activities $629M, up $749M YoY due to fewer real estate sales, and more development and acquisitions
- Net cash used in financing activities $353M, down $481M YoY aided by higher commercial paper issuances, senior note issuances, reduced stock repurchases
- Debt refinanced: $800M senior notes repaid, $1B new senior notes issued at higher rates (5.38%, 4.75%), fixed rate debt portfolio 95% vs 99% YoY
- Weighted average interest rate on fixed debt 4.20% vs 4.05% YoY; variable rate debt 4.79% vs 7.41%, with significant swaps converting variable debt to fixed
Risk Factors
- Newly added risk: Other-than-temporary impairment charges on two lab unconsolidated joint ventures in 2025 impacting net income
- Updated financial risk: Increased interest expense from $500M 5.38% senior notes due 2035 and $500M 4.75% notes due 2033 issued in 2025
- Regulatory/legal risk: Tax benefit adjustments related to casualty losses and impairment charges including other-than-temporary impairment on Needham Land Parcel JV
- Operational risk: Decrease in net income due to fewer real estate dispositions and assets placed in development/redevelopment affecting Adjusted NOI
- Market risk: Increased borrowings under commercial paper program affecting debt maturity profile and liquidity position
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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