CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenues:
Rental and related revenues	$ 2,156,743	$ 2,087,196	$ 1,631,805
Resident fees and services	603,989	568,475	527,417
Interest income and other	61,780	44,778	21,781
Total revenues	2,822,512	2,700,449	2,181,003
Costs and expenses:
Operating	1,129,099	1,074,861	902,060
Depreciation and amortization	1,058,865	1,057,205	749,901
Interest expense	305,178	280,430	200,331
General and administrative	90,416	97,162	95,132
Transaction and merger-related costs	25,520	132,685	17,515
Impairments and loan loss reserves (recoveries), net	(893)	22,978	(5,601)
Total costs and expenses	2,608,185	2,665,321	1,959,338
Other income (expense):
Gain (loss) on sales of real estate, net	69,488	178,695	86,463
Other income (expense), net	479	59,345	6,808
Total other income (expense), net	69,967	238,040	93,271
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures	284,294	273,168	314,936
Income tax benefit (expense)	(9,283)	(4,350)	9,617
Equity income (loss) from unconsolidated joint ventures	(173,984)	(1,515)	10,204
Net income (loss)	101,027	267,303	334,757
Noncontrolling interests’ share in earnings	(29,680)	(24,161)	(28,748)
Net income (loss) attributable to Healthpeak Properties, Inc.	71,347	243,142	306,009
Participating securities’ share in earnings	(834)	(758)	(1,725)
Net income (loss) applicable to common shares	$ 70,513	$ 242,384	$ 304,284
Earnings (loss) per common share:
Basic (in dollars per share)	$ 0.10	$ 0.36	$ 0.56
Diluted (in dollars per share)	$ 0.10	$ 0.36	$ 0.56
Weighted average shares outstanding:
Basic (in shares)	696,026	675,680	547,006
Diluted (in shares)	696,044	676,233	547,275