Form 10-Q · Quarterly report
Healthpeak Properties 10-Q, filed Nov 3, 2026
- Filed
- CIK
- 0000765880
- Accession no.
- 0001628280-26-069522
Summary
Healthpeak Properties reported third-quarter 2026 results alongside details of the March 2026 initial public offering of its senior housing affiliate Janus Living and two subsequent follow-on offerings that together raised about $2.2 billion in gross proceeds. Healthpeak held 69.2% of Janus Living's voting and economic rights as of September 30, 2026, and its portfolio comprised 726 properties across outpatient medical, lab, and senior housing, with management citing elevated interest rates, inflation, and tariff and healthcare policy actions as pressures on its business.
Key points
- Janus Living, Inc. completed its initial public offering on March 23, 2026, selling 48,300,000 Class A-1 common shares at $20.00 per share for $966 million in gross proceeds, less $65 million in underwriting fees.
- Janus Living follow-on offerings closed on June 4 and August 12, 2026, raising $719 million and $534 million in gross proceeds, less $28 million and $19 million in underwriting fees, respectively.
- As of September 30, 2026, Healthpeak held 69.2% of Janus Living's voting and economic rights through Class A-1 and Class A-2 shares and Janus Living OP common units; Janus Living is externally managed by Healthpeak Investment Management, LLC and is consolidated by Healthpeak.
- Healthpeak's portfolio at September 30, 2026 consisted of interests in 726 properties — 506 outpatient medical, 143 lab, 74 senior housing, and 3 other — with third-quarter 2026 segment NOI of $192.7 million for outpatient medical, $154.7 million for lab, and $53.2 million for senior housing.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview The information set forth in this Item 2 is intended to provide readers with an understanding of our financial condition, changes in financial condition and results of operations and should be read in conjunction with the Consolidated Financial Statements and accompanying Notes. We will discuss and provide our analysis in the following order: •Executive Summary •Market Trends and Uncertainties •Company Highlights •Dividends •Results of Operations •Liquidity and Capital Resources •Non-GAAP Financial Measures Reconciliations •Critical Accounting Estimates Executive Summary Healthpeak Properties, Inc. …
An excerpt of the text as filed with the SEC, cut for length.
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