CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Revenues:
Rental and related revenues	$ 538,141	$ 462,033
Resident fees and services	148,927	138,776
Interest income and other	15,821	5,751
Total revenues	702,889	606,560
Costs and expenses:
Interest expense	72,693	60,907
Depreciation and amortization	268,546	219,219
Operating	273,143	243,729
General and administrative	26,118	23,299
Transaction and merger-related costs	5,534	107,220
Impairments and loan loss reserves (recoveries), net	(3,562)	11,458
Total costs and expenses	642,472	665,832
Other income (expense):
Gain (loss) on sales of real estate, net	0	3,255
Other income (expense), net	(6,126)	78,516
Total other income (expense), net	(6,126)	81,771
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures	54,291	22,499
Income tax benefit (expense)	(2,080)	(13,698)
Equity income (loss) from unconsolidated joint ventures	(2,147)	2,376
Net income (loss)	50,064	11,177
Noncontrolling interests’ share in earnings	(7,236)	(4,501)
Net income (loss) attributable to Healthpeak Properties, Inc.	42,828	6,676
Participating securities’ share in earnings	(464)	(199)
Net income (loss) applicable to common shares	$ 42,364	$ 6,477
Earnings (loss) per common share:
Basic (in dollars per share)	$ 0.06	$ 0.01
Diluted (in dollars per share)	$ 0.06	$ 0.01
Weighted average shares outstanding:
Basic (in shares)	699,067	600,898
Diluted (in shares)	699,118	601,188