DOCHealthpeak Properties
Healthpeak Properties, Inc. is a Standard & Poor’s (“S&P”) 500 company that owns, operates, and develops high-quality real estate focused on healthcare discovery and delivery in the United States (“U.S.”). 10-K, Item 1
- Headquarters
- Denver, CO
- CEO
- Scott M. Brinker
- Next results
- around Feb 1, 2027
Dilution: new shares, stock pay and buybacks
prospectuses (S-3, 424B) of the last three years and the 10-K cash flow From EDGARShares offered
Since Nov 11, 2023: 4 registrations of shares for a merger, units or notes, 1 shelf registration; also 2 notes offerings, 4 resales by holders, 2 updates to earlier prospectuses.
- Feb 12, 2024 Shares for a merger, units or notes 424B5
- Feb 12, 2024 Up to 1.6M shares for a merger, units or notes 424B3
- Feb 12, 2024 Up to 1.1M shares for a merger, units or notes 424B3
- Feb 8, 2024 Shelf registration: shares and other securities, amount not fixed S-3ASR
- Jan 11, 2024 Shares for a merger, units or notes 424B3
Every offering filing →“On October 29, 2023, Healthpeak Properties, Inc., a Maryland corporation (“Healthpeak Properties”), and certain of its subsidiaries entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Physicians Realty Trust (“Physicians Realty Trust”) and Physicians Realty L.P. (“Physicians Partnership”), pursuant to which, among other things, and through a series of transactions, (i) each outstanding common …”
424B5, Feb 12, 2024 ↗
Diluted shares: 696.04M in the year to Dec 31, 2025 2025 +2.9%2024 +23.6%2023 +1.5%2022 0.0%
Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. Cash & buybacks, year by year → · How
FY2023 to FY2025, from the cash flow statements in the 10-Ks, added up.
Came from
| Operating cash flow | $3.3B |
| Other, net investments bought and sold, other financing and investing lines, and exchange rates |
$2.1B |
Went to
| Capital spending | $2.4B |
| Buybacks | $294.4M |
| Dividends | $2.3B |
| Added to cash | $410.9M |
Each number is a line of the cash flow statement as the company tagged it. "Other, net" is what those lines do not cover (investments bought and sold, other financing and investing lines, and exchange rates); Tickdelta does not estimate it.
Each CEO's years
The CEO of each fiscal year as named in the proxy's pay versus performance table, and what the 10-Ks show for those years. Facts, not a grade.
Mr. Brinker
- Operating cash flow
- $3.3B
- Capital spending
- $2.4B
- Buybacks
- $294.4M
- Dividends
- $2.3B
- Stock-based pay
- $44.4M
- Diluted shares since FY2022
- +29.1%
- Revenue since FY2022
- +37%
- Debt since FY2022
- +$3.4B
- CEO pay (reported)
- $26.2M
Mr. Herzog
- Operating cash flow
- $1.7B
- Capital spending
- $1.7B
- Buybacks
- $80.7M
- Dividends
- $1.3B
- Stock-based pay
- $44.7M
- Diluted shares since FY2020
- +1.5%
- Revenue since FY2020
- +25%
- Debt since FY2020
- -$119.2M
- CEO pay (reported)
- $41.6M
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2025-12-31 | $97.1M | $849.1M | $14.4M | - | 696.04M |
| 2024-12-31 | $190.7M | $794.8M | $15.5M | - | 676.23M |
| 2023-12-31 | $6.5M | $657.0M | $14.5M | - | 547.27M |
| 2022-12-31 | $67.8M | $648.0M | $26.5M | - | 539.15M |
| 2021-12-31 | $12.8M | $650.1M | $18.2M | - | 539.24M |
From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; dividends = PaymentsOfDividends; sbc = ShareBasedCompensation; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.
Price paid per share
What DOC paid on average for each share it bought back, each fiscal year: dollars spent divided by shares bought, both from the 10-K.
| Fiscal year to | Shares bought | Spent | Average price | |
|---|---|---|---|---|
| 2022-12-31 | 2.10M | $56.0M | $26.67 |
Shares and dollars from the statement of shareholders' equity (the cash flow line also counts shares withheld for taxes, so it is not used). Share counts filed before a stock split are put on today's count. A year where the 10-K does not tag both numbers is left out. The latest year with both numbers tagged is 2022.
Work on DOC in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/DOC/export.csv") into a cell.