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What's in the Cards for Healthpeak Properties This Earnings Season?
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Key Takeaways
Healthpeak's Q3 revenues are projected to rise 7.4% to $758.3 million, while FFOA per share may fall 6.5%.
Improving lab leasing and senior housing demand may support DOC, despite softness in lab same-store NOI.
High interest expenses, competitive pressures and declining rental revenues may weigh on DOC's Q3 results.
Healthpeak Properties, Inc. (DOC - Free Report) is slated to report its third-quarter 2026 results on Nov. 2, after market close. While the company’s quarterly results are likely to have displayed a rise in revenues year over year, funds from operations as adjusted (FFOA) per share is expected to have declined.
In the last reported quarter, this healthcare real estate investment trust (REIT) posted FFOA per share of 46 cents, which beat the Zacks Consensus Estimate by 4.6%. Results reflected better-than-anticipated revenues. The quarter’s performance benefitted from solid leasing across outpatient medical and lab properties, along with robust senior housing operations.
In the preceding four quarters, Healthpeak’s FFOA per share surpassed the Zacks Consensus Estimate on all occasions, with the average beat being 3.97%. The graph below depicts this surprising history:
Healthpeak Properties, Inc. Price and EPS Surprise
The growing senior citizen population is expected to have supported demand for Healthpeak's senior housing communities, including its life plan communities, formerly known as continuing care retirement communities. Favorable demographic trends and improving resident fee growth are anticipated to have aided the segment's performance during the third quarter.
Moreover, the long-term growth prospects for biopharma research and drug development support the demand outlook for specialized lab real estate. Healthpeak’s lab segment witnessed improving leasing activity and sequential occupancy gains in the preceding quarter, which may have supported its performance in the to-be-reported quarter. However, continued softness in lab same-store NOI and market fundamentals could have partially offset these benefits.
Elevated interest expenses during the third quarter are likely to have weighed on Healthpeak’s performance. Additionally, competition from other healthcare and senior housing operators may have limited the company's pricing power, potentially affecting revenues and profitability.
DOC’s Projections for Q3
For the third quarter, the Zacks Consensus Estimate for resident fees and services revenues is pegged at $211.2 billion, suggesting an increase from $150.5 million reported in the year-ago period.
The Zacks Consensus Estimate for third-quarter total revenues is pegged at $758.3 million, indicating a rise of 7.4% from the year-ago reported number.
However, the Zacks Consensus Estimate for DOC’s rental and related revenues is pinned at $527.4 million, down from $539.9 million reported in the prior-year period.
The Zacks Consensus Estimate for DOC’s interest income and other revenues is pegged at $8.4 million, implying a decrease from $15.5 million reported in the prior-year period.
Before the third-quarter earnings release, the company’s activities were inadequate to gain analysts’ confidence. The Zacks Consensus Estimate for the quarterly FFOA per share has remained unchanged at 43 cents over the past three months. The figure suggests a 6.5% fall from the year-ago quarter’s tally.
What Our Quantitative Model Predicts for Healthpeak
Our proven model does not conclusively predict a surprise in terms of FFOA per share for DOC this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an FFOA beat, which is not the case here.
Healthpeak currently has an Earnings ESP of +2.33% and a Zacks Rank of #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks That Warrant a Look
Here are two stocks from the broader REIT industry — Innovative Industrial Properties (IIPR - Free Report) and Host Hotels & Resorts (HST - Free Report) — that you may want to consider, as our model shows that these have the right combination of elements to report a surprise this quarter.
Innovative Industrial is slated to report quarterly numbers on Nov. 2, 2026. IIPR has an Earnings ESP of +1.64% and carries a Zacks Rank of 3 at present.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
View the Zacks #1 Rank List
Image: Bigstock
What's in the Cards for Healthpeak Properties This Earnings Season?
Key Takeaways
Healthpeak Properties, Inc. (DOC - Free Report) is slated to report its third-quarter 2026 results on Nov. 2, after market close. While the company’s quarterly results are likely to have displayed a rise in revenues year over year, funds from operations as adjusted (FFOA) per share is expected to have declined.
In the last reported quarter, this healthcare real estate investment trust (REIT) posted FFOA per share of 46 cents, which beat the Zacks Consensus Estimate by 4.6%. Results reflected better-than-anticipated revenues. The quarter’s performance benefitted from solid leasing across outpatient medical and lab properties, along with robust senior housing operations.
In the preceding four quarters, Healthpeak’s FFOA per share surpassed the Zacks Consensus Estimate on all occasions, with the average beat being 3.97%. The graph below depicts this surprising history:
Healthpeak Properties, Inc. Price and EPS Surprise
Healthpeak Properties, Inc. price-eps-surprise | Healthpeak Properties, Inc. Quote
Factors at Play for Healthpeak
The growing senior citizen population is expected to have supported demand for Healthpeak's senior housing communities, including its life plan communities, formerly known as continuing care retirement communities. Favorable demographic trends and improving resident fee growth are anticipated to have aided the segment's performance during the third quarter.
Moreover, the long-term growth prospects for biopharma research and drug development support the demand outlook for specialized lab real estate. Healthpeak’s lab segment witnessed improving leasing activity and sequential occupancy gains in the preceding quarter, which may have supported its performance in the to-be-reported quarter. However, continued softness in lab same-store NOI and market fundamentals could have partially offset these benefits.
Elevated interest expenses during the third quarter are likely to have weighed on Healthpeak’s performance. Additionally, competition from other healthcare and senior housing operators may have limited the company's pricing power, potentially affecting revenues and profitability.
DOC’s Projections for Q3
For the third quarter, the Zacks Consensus Estimate for resident fees and services revenues is pegged at $211.2 billion, suggesting an increase from $150.5 million reported in the year-ago period.
The Zacks Consensus Estimate for third-quarter total revenues is pegged at $758.3 million, indicating a rise of 7.4% from the year-ago reported number.
However, the Zacks Consensus Estimate for DOC’s rental and related revenues is pinned at $527.4 million, down from $539.9 million reported in the prior-year period.
The Zacks Consensus Estimate for DOC’s interest income and other revenues is pegged at $8.4 million, implying a decrease from $15.5 million reported in the prior-year period.
Before the third-quarter earnings release, the company’s activities were inadequate to gain analysts’ confidence. The Zacks Consensus Estimate for the quarterly FFOA per share has remained unchanged at 43 cents over the past three months. The figure suggests a 6.5% fall from the year-ago quarter’s tally.
What Our Quantitative Model Predicts for Healthpeak
Our proven model does not conclusively predict a surprise in terms of FFOA per share for DOC this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an FFOA beat, which is not the case here.
Healthpeak currently has an Earnings ESP of +2.33% and a Zacks Rank of #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks That Warrant a Look
Here are two stocks from the broader REIT industry — Innovative Industrial Properties (IIPR - Free Report) and Host Hotels & Resorts (HST - Free Report) — that you may want to consider, as our model shows that these have the right combination of elements to report a surprise this quarter.
Innovative Industrial is slated to report quarterly numbers on Nov. 2, 2026. IIPR has an Earnings ESP of +1.64% and carries a Zacks Rank of 3 at present.
HST is scheduled to report quarterly numbers on Nov. 4, 2026. The company has an Earnings ESP of +2.18% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.