Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2024

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Numerator - Basic
Net income (loss)	$	92,738	$	68,656	$	256,631	$	259,362
Noncontrolling interests’ share in earnings	(6,866)		(4,442)		(18,036)		(24,297)
Net income (loss) attributable to Healthpeak Properties, Inc.	85,872		64,214		238,595		235,065
Less: Participating securities’ share in earnings	(197)		(166)		(610)		(1,568)
Net income (loss) applicable to common shares	$	85,675	$	64,048	$	237,985	$	233,497



Numerator - Dilutive
Net income (loss) applicable to common shares	$	85,675	$	64,048	$	237,985	$	233,497
Add: distributions on dilutive convertible units and other	47		—		72		—
Dilutive net income (loss) available to common shares	$	85,722	$	64,048	$	238,057	$	233,497
Denominator
Basic weighted average shares outstanding	699,349		547,062		667,536		546,978
Dilutive potential common shares - equity awards(1)	137		269		150		269

Dilutive potential common shares - OP Units(2)	660		—		410		—

Diluted weighted average common shares	700,146		547,331		668,096		547,247
Earnings (loss) per common share








Basic	$	0.12	$	0.12	$	0.36	$	0.43
Diluted	$	0.12	$	0.12	$	0.36	$	0.43

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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 nine months ended September 30, 2024, represents the dilutive impact of 3 million outstanding OP Units.