Healthpeak Properties Lifts 2024 FFO Outlook Thanks To Strong Demand

 Healthpeak Properties raised its 2024 FFO forecast, thanks to robust demand for medical office and life science properties.

Healthpeak Properties is seeing consistent demand for its medical offices and life science properties, prompting the company to uplift its 2024 annual funds from operations (FFO) forecast. The new adjusted FFO range stands at $1.77 to $1.81 per share, a slight increase from the earlier projection of $1.76 to $1.80 per share, aligning perfectly with analysts' expectations as per LSEG data. The company's portfolio not only includes medical office and life science properties but also senior housing, hospital sites, and recovery care assets. Thanks to increased patient visits, outpatient and life science facilities have seen heightened demand, while senior housing enjoyed better occupancy rates, fueled by an aging population.

In the second quarter, Healthpeak Properties reported an adjusted FFO of 45 cents per share, surpassing analysts' expectation of 44 cents per share, signaling the company's strong performance. Moreover, Healthpeak's total revenue for the quarter ending June 30 was $695.5 million, exceeding the projected $668.71 million. Investors should keep an eye on healthcare real estate, as the sustained demand and steady revenue growth point to a resilient market segment.

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