XML 96 R85.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Disclosures - Schedule of Information for the Reportable Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting Information, Revenue for Reportable Segment [Abstract]              
Total revenues $ 700,397     $ 556,243   $ 2,002,461 $ 1,627,351
Plus: Adjustments to NOI 27,825     13,389   80,842 37,670
Interest income and other 14,301     5,360   27,884 16,802
Interest expense (74,105)     (50,510)   (209,922) (147,547)
Depreciation and amortization (280,019)     (184,559)   (782,736) (561,357)
General and administrative (23,216)     (23,093)   (73,233) (73,576)
Transaction and merger-related costs (7,134)     (36)   (122,113) (3,098)
Impairments and loan loss reserves, net (441)     550   (11,346) 156
Gain (loss) on sales of real estate, net 62,325     0   187,624 86,463
Other income (expense), net 982     1,481   83,502 4,208
Less: Government grant income             (184)
Less: Healthpeak’s share of unconsolidated joint venture NOI (7,664)     (1,912)   (20,068) (4,882)
Plus: Noncontrolling interests’ share of consolidated joint venture NOI 6,883     6,382   20,207 19,228
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 98,510     67,342   276,402 254,941
Outpatient Medical              
Segment Reporting Information, Revenue for Reportable Segment [Abstract]              
Gain (loss) on sales of real estate, net 60,000 $ 67,000 $ 3,000   $ 21,000    
Lab              
Segment Reporting Information, Revenue for Reportable Segment [Abstract]              
Gain (loss) on sales of real estate, net   $ 55,000     $ 60,000    
Operating Segment              
Segment Reporting Information, Revenue for Reportable Segment [Abstract]              
Total revenues 686,096     550,883   1,974,577 1,610,549
Government grant income             184
Healthpeak’s share of unconsolidated joint venture total revenues 12,307     3,171   31,111 8,764
Noncontrolling interests’ share of consolidated joint venture total revenues (9,734)     (8,889)   (28,148) (26,813)
Operating expenses (280,279)     (232,734)   (797,835) (677,659)
Healthpeak’s share of unconsolidated joint venture operating expenses (4,643)     (1,259)   (11,043) (3,882)
Noncontrolling interests’ share of consolidated joint venture operating expenses 2,851     2,507   7,941 7,585
Adjustments to NOI (27,825)     (13,389)   (80,842) (37,670)
Adjusted NOI for reportable segments 378,773     300,290   1,095,761 881,058
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 98,510     67,342   276,402 254,941
Operating Segment | Outpatient Medical              
Segment Reporting Information, Revenue for Reportable Segment [Abstract]              
Total revenues 317,659     191,016   888,446 564,644
Government grant income             0
Healthpeak’s share of unconsolidated joint venture total revenues 7,065     746   16,707 2,245
Noncontrolling interests’ share of consolidated joint venture total revenues (9,734)     (8,735)   (27,952) (26,364)
Operating expenses (106,484)     (67,693)   (299,455) (197,442)
Healthpeak’s share of unconsolidated joint venture operating expenses (2,832)     (301)   (6,380) (895)
Noncontrolling interests’ share of consolidated joint venture operating expenses 2,851     2,474   7,889 7,477
Adjustments to NOI (11,020)     (3,547)   (27,573) (11,373)
Adjusted NOI for reportable segments 197,505     113,960   551,682 338,292
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures      
Operating Segment | Lab              
Segment Reporting Information, Revenue for Reportable Segment [Abstract]              
Total revenues 225,592     226,059   663,619 654,829
Government grant income             0
Healthpeak’s share of unconsolidated joint venture total revenues 5,242     2,425   14,404 6,519
Noncontrolling interests’ share of consolidated joint venture total revenues 0     (154)   (196) (449)
Operating expenses (64,075)     (60,268)   (177,571) (172,666)
Healthpeak’s share of unconsolidated joint venture operating expenses (1,811)     (958)   (4,663) (2,987)
Noncontrolling interests’ share of consolidated joint venture operating expenses 0     33   52 108
Adjustments to NOI (16,900)     (9,842)   (51,624) (25,618)
Adjusted NOI for reportable segments 148,048     157,295   444,021 459,736
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures      
Operating Segment | CCRC              
Segment Reporting Information, Revenue for Reportable Segment [Abstract]              
Total revenues 142,845     133,808   422,512 391,076
Government grant income             184
Healthpeak’s share of unconsolidated joint venture total revenues 0     0   0 0
Noncontrolling interests’ share of consolidated joint venture total revenues 0     0   0 0
Operating expenses (109,720)     (104,773)   (320,809) (307,551)
Healthpeak’s share of unconsolidated joint venture operating expenses 0     0   0 0
Noncontrolling interests’ share of consolidated joint venture operating expenses 0     0   0 0
Adjustments to NOI 95     0   (1,645) (679)
Adjusted NOI for reportable segments 33,220     29,035   100,058 83,030
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures