Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings per Share

The following table illustrates the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Numerator - Basic
Net income (loss)	$	152,716	$	56,199	$	163,893	$	190,706
Noncontrolling interests’ share in earnings	(6,669)		(4,300)		(11,170)		(19,855)
Net income (loss) attributable to Healthpeak Properties, Inc.	146,047		51,899		152,723		170,851
Less: Participating securities’ share in earnings	(214)		(149)		(414)		(1,402)
Net income (loss) applicable to common shares	$	145,833	$	51,750	$	152,309	$	169,449
Numerator - Dilutive
Net income (loss) applicable to common shares	$	145,833	$	51,750	$	152,309	$	169,449
Add: distributions on dilutive convertible units and other	71		—		36		—
Dilutive net income (loss) available to common shares	$	145,904	$	51,750	$	152,345	$	169,449
Denominator
Basic weighted average shares outstanding	702,382		547,026		651,642		546,936
Dilutive potential common shares - equity awards(1)	135		268		157		268
Dilutive potential common shares - OP Units(2)	751		—		314		—
Diluted weighted average common shares	703,268		547,294		652,113		547,204
Earnings (loss) per common share
Basic	$	0.21	$	0.09	$	0.23	$	0.31
Diluted	$	0.21	$	0.09	$	0.23	$	0.31

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(1)For all periods presented, represents the dilutive impact of 1 million outstanding equity awards (restricted stock units and stock options).

(2)For the three and six months ended June 30, 2024, represents the dilutive impact of 3 million outstanding OP Units.