v3.25.2
Segment Disclosures - Schedule of Information for the Reportable Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information, Revenue for Reportable Segment [Abstract]          
Total revenues $ 694,348 $ 695,504   $ 1,397,237 $ 1,302,064
Plus: Adjustments to NOI 24,144 25,458   51,063 53,019
Interest income and other 15,806 7,832   31,627 13,583
Interest expense (75,063) (74,910)   (147,756) (135,817)
Depreciation and amortization (265,916) (283,498)   (534,462) (502,717)
General and administrative (20,764) (26,718)   (46,882) (50,017)
Transaction and merger-related costs (10,215) (7,759)   (15,749) (114,979)
Impairments and loan loss reserves, net (3,499) 553   63 (10,905)
Gain (loss) on sales of real estate, net 1,636 122,044   1,636 125,299
Other income (expense), net (4,692) 4,004   (10,818) 82,520
Less: Healthpeak’s share of unconsolidated joint venture Adjusted NOI (9,948) (7,212)   (15,347) (12,405)
Plus: Noncontrolling interests’ share of consolidated joint venture Adjusted NOI 7,219 6,756   14,413 13,322
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 39,654 155,393   93,945 177,892
Outpatient Medical          
Segment Reporting Information, Revenue for Reportable Segment [Abstract]          
Gain (loss) on sales of real estate, net   122,000 $ 3,000    
Operating Segment          
Segment Reporting Information, Revenue for Reportable Segment [Abstract]          
Total revenues 678,542 687,672   1,365,610 1,288,481
Healthpeak’s share of unconsolidated joint venture total revenues 14,541 11,204   24,600 18,804
Noncontrolling interests’ share of consolidated joint venture total revenues (10,020) (9,374)   (19,993) (18,413)
Operating expenses (276,181) (273,827)   (549,324) (517,556)
Healthpeak’s share of unconsolidated joint venture operating expenses (4,593) (3,992)   (9,253) (6,399)
Noncontrolling interests’ share of consolidated joint venture operating expenses 2,801 2,618   5,580 5,091
Adjustments to NOI (24,144) (25,458)   (51,063) (53,019)
Adjusted NOI for reportable segments 380,946 388,843   766,157 716,989
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 39,654 155,393   93,945 177,892
Operating Segment | Outpatient Medical          
Segment Reporting Information, Revenue for Reportable Segment [Abstract]          
Total revenues 320,482 332,515   641,030 570,787
Healthpeak’s share of unconsolidated joint venture total revenues 7,183 6,903   14,442 9,642
Noncontrolling interests’ share of consolidated joint venture total revenues (10,020) (9,341)   (19,993) (18,217)
Operating expenses (105,331) (111,702)   (210,557) (192,970)
Healthpeak’s share of unconsolidated joint venture operating expenses (2,695) (2,464)   (5,689) (3,547)
Noncontrolling interests’ share of consolidated joint venture operating expenses 2,801 2,609   5,580 5,039
Adjustments to NOI (10,813) (10,430)   (22,895) (16,556)
Adjusted NOI for reportable segments 201,607 208,090   401,918 354,178
Operating Segment | Lab          
Segment Reporting Information, Revenue for Reportable Segment [Abstract]          
Total revenues 209,205 214,266   426,798 438,027
Healthpeak’s share of unconsolidated joint venture total revenues 7,358 4,301   10,158 9,162
Noncontrolling interests’ share of consolidated joint venture total revenues 0 (33)   0 (196)
Operating expenses (59,401) (56,656)   (117,059) (113,496)
Healthpeak’s share of unconsolidated joint venture operating expenses (1,898) (1,528)   (3,564) (2,852)
Noncontrolling interests’ share of consolidated joint venture operating expenses 0 9   0 52
Adjustments to NOI (12,488) (13,289)   (27,325) (34,724)
Adjusted NOI for reportable segments 142,776 147,070   289,008 295,973
Operating Segment | CCRC          
Segment Reporting Information, Revenue for Reportable Segment [Abstract]          
Total revenues 148,855 140,891   297,782 279,667
Healthpeak’s share of unconsolidated joint venture total revenues 0 0   0 0
Noncontrolling interests’ share of consolidated joint venture total revenues 0 0   0 0
Operating expenses (111,449) (105,469)   (221,708) (211,090)
Healthpeak’s share of unconsolidated joint venture operating expenses 0 0   0 0
Noncontrolling interests’ share of consolidated joint venture operating expenses 0 0   0 0
Adjustments to NOI (843) (1,739)   (843) (1,739)
Adjusted NOI for reportable segments $ 36,563 $ 33,683   $ 75,231 $ 66,838