v3.26.3
Segment Disclosures - Schedule of Information for the Reportable Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting, Revenue [Abstract]        
Total revenues $ 820,892 $ 705,873 $ 2,345,423 $ 2,103,110
Depreciation and amortization (298,923) (262,317) (872,047) (796,779)
General and administrative (23,589) (19,907) (70,697) (66,789)
Transaction costs (9,738) (2,420) (43,059) (18,169)
Gain (loss) on sales of real estate, net 0 11,500 60,657 13,136
Gain (loss) on debt extinguishments 0 0 (403) 0
Other income (expense), net 8,670 1,160 165,215 (9,658)
Income tax benefit (expense) (1,287) 1,206 (139) (3,256)
Equity income (loss) from unconsolidated joint ventures 3,742 (176,291) 10,516 (176,691)
Net income (loss) 36,687 (109,848) 299,584 (20,765)
Interest income and other 7,202 15,529 43,142 47,156
Interest expense (83,899) (76,784) (263,471) (224,540)
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 34,232 65,237 289,207 159,182
Operating Segment        
Segment Reporting, Revenue [Abstract]        
Total revenues 806,922 684,686 2,281,534 2,038,498
Adjusted NOI - outpatient medical and lab 325,140 336,101 1,005,155 1,021,316
Depreciation and amortization (220,241) (231,432) (685,494) (701,904)
General and administrative (18,283) (17,640) (58,299) (59,008)
Transaction costs (6,338) (2,420) (16,871) (18,169)
Gain (loss) on sales of real estate, net     56,773 13,136
Gain (loss) upon change of control, net     46,270  
Other income (expense), net 394 1,610 93,388 2,123
Income tax benefit (expense) 891 1,576 267 4,777
Equity income (loss) from unconsolidated joint ventures   (992) (111) (3,452)
Plus: Adjustments to NOI 22,241 25,820 62,374 75,803
Other non-reportable revenues 6,768 5,658 20,747 17,456
Interest income and other 7,202 15,529 43,142 47,156
Other non-reportable operating expenses (3,914) (3,229) (11,371) (9,080)
Interest expense (83,413) (75,834) (262,284) (221,693)
Impairments and loan loss reserves, net 210 54 3,964 117
Less: Healthpeak’s share of unconsolidated joint venture NOI (11,517) (9,045) (34,191) (24,392)
Plus: Noncontrolling interests’ share of consolidated joint venture NOI 20,700 6,569 34,894 20,983
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 34,232 65,237 289,207 159,182
Operating Segment | Outpatient medical        
Segment Reporting, Revenue [Abstract]        
Total revenues 314,752 320,903 943,640 950,135
Operating expenses (107,000) (110,431) (316,740) (315,136)
Healthpeak’s share of unconsolidated joint venture NOI 5,652 4,440 16,078 13,193
Noncontrolling interests’ share of consolidated joint venture NOI (20,700) (6,569) (34,840) (20,983)
NOI - outpatient medical and lab 192,704 208,343 608,138 627,209
Adjustments to NOI (8,432) (10,300) (27,484) (32,959)
Adjusted NOI - outpatient medical and lab 184,272 198,043 580,654 594,250
Compensation and property management (15,887) (15,043) (47,115) (43,901)
Repairs and maintenance (19,521) (17,000) (56,553) (46,586)
Other segment items (26,841) (32,152) (82,676) (94,608)
Operating Segment | Lab        
Segment Reporting, Revenue [Abstract]        
Total revenues 223,870 213,325 652,793 640,123
Operating expenses (75,058) (64,352) (211,461) (181,412)
Healthpeak’s share of unconsolidated joint venture NOI 5,865 4,605 18,113 11,199
Noncontrolling interests’ share of consolidated joint venture NOI 0 0 (54) 0
NOI - outpatient medical and lab 154,677 153,578 459,391 469,910
Adjustments to NOI (13,809) (15,520) (34,890) (42,844)
Adjusted NOI - outpatient medical and lab 140,868 138,058 424,501 427,066
Compensation and property management (9,330) (8,484) (27,920) (25,071)
Repairs and maintenance (10,658) (8,966) (29,992) (24,526)
Other segment items (14,410) (12,547) (43,310) (38,340)
Operating Segment | Senior housing        
Segment Reporting, Revenue [Abstract]        
Total revenues 268,300 150,458 685,101 448,240
Compensation and property management (122,831) (71,809) (314,444) (213,558)
Food (11,712) (6,855) (30,281) (20,080)
Real estate taxes (8,045) (4,073) (21,091) (12,905)
Repairs and maintenance (8,825) (5,461) (23,196) (15,181)
Utilities (11,418) (6,278) (28,264) (17,660)
Other segment items (30,588) (19,434) (79,527) (56,234)
Depreciation and amortization (78,682) (30,885) (186,553) (94,875)
Interest expense (486) (950) (1,187) (2,847)
Transaction costs (3,400)   (26,188)  
Gain (loss) on sales of real estate, net     3,884  
Gain (loss) on debt extinguishments     (403)  
Other income (expense), net 8,276 (450) 25,557 (11,781)
Income tax benefit (expense) (891) (1,576) (267) (4,777)
Equity income (loss) from unconsolidated joint ventures   992 111 3,452
Net income (loss) (5,608) 1,412 37,124 (5,987)
Operating Segment | Senior housing | Nonrelated Party        
Segment Reporting, Revenue [Abstract]        
General and administrative (1,527) $ (2,267) (5,819) $ (7,781)
Operating Segment | Senior housing | Related Party Management Fee        
Segment Reporting, Revenue [Abstract]        
General and administrative $ (3,779)   $ (6,579)