Healthpeak: Q4 Earnings Snapshot
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Audio By Carbonatix
4:30 PM on Monday, February 3
The Associated Press
DENVER (AP) — DENVER (AP) — Healthpeak Properties, Inc. (DOC) on Monday reported a key measure of profitability in its fourth quarter. The results topped Wall Street expectations.
The Denver-based real estate investment trust said it had funds from operations of $329.3 million, or 46 cents per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 45 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $4.4 million, or 1 cent per share.
The health care real estate investment trust, based in Denver, posted revenue of $698 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $694.2 million.
For the year, the company reported funds from operations of $1.25 billion. Revenue was reported as $2.7 billion.
Healthpeak expects full-year funds from operations in the range of $1.81 to $1.87 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOC at https://www.zacks.com/ap/DOC
