CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Revenues:
Rental and related revenues	$ 539,886	$ 543,251	$ 1,607,714	$ 1,552,065
Resident fees and services	150,458	142,845	448,240	422,512
Interest income and other	15,529	14,301	47,156	27,884
Total revenues	705,873	700,397	2,103,110	2,002,461
Costs and expenses:
Interest expense	76,784	74,105	224,540	209,922
Depreciation and amortization	262,317	280,019	796,779	782,736
Operating	291,922	280,279	841,246	797,835
General and administrative	19,907	23,216	66,789	73,233
Transaction and merger-related costs	2,420	7,134	18,169	122,113
Impairments and loan loss reserves (recoveries), net	(54)	441	(117)	11,346
Total costs and expenses	653,296	665,194	1,947,406	1,997,185
Other income (expense):
Gain (loss) on sales of real estate, net	11,500	62,325	13,136	187,624
Other income (expense), net	1,160	982	(9,658)	83,502
Total other income (expense), net	12,660	63,307	3,478	271,126
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures	65,237	98,510	159,182	276,402
Income tax benefit (expense)	1,206	(1,938)	(3,256)	(18,364)
Equity income (loss) from unconsolidated joint ventures	(176,291)	(3,834)	(176,691)	(1,407)
Net income (loss)	(109,848)	92,738	(20,765)	256,631
Noncontrolling interests’ share in earnings	(7,274)	(6,866)	(21,856)	(18,036)
Net income (loss) attributable to Healthpeak Properties, Inc.	(117,122)	85,872	(42,621)	238,595
Participating securities’ share in earnings	(134)	(197)	(714)	(610)
Net income (loss) applicable to common shares	$ (117,256)	$ 85,675	$ (43,335)	$ 237,985
Earnings (loss) per common share:
Basic (in dollars per share)	$ (0.17)	$ 0.12	$ (0.06)	$ 0.36
Diluted (in dollars per share)	$ (0.17)	$ 0.12	$ (0.06)	$ 0.36
Weighted average shares outstanding:
Basic (in shares)	694,930	699,349	696,380	667,536
Diluted (in shares)	694,930	700,146	696,380	668,096