Filing Flows › Healthpeak Properties (DOC) › Q1 2025
Healthpeak Properties (DOC) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
Healthpeak Properties (DOC) reported revenue of $703M for the first quarter 2025 (Q1 2025), +16% from a year earlier and +0.7% from the quarter before. Operating margin was 8.6%, net earnings $42.8M (6.1% of revenue).
Healthpeak Properties, Q1 2025: revenue $703M (+16% year over year), operating margin 8.6%, net earnings $42.8M, operating cash flow $279M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $703M | +0.7% | +16% |
| Operating profit | $60.4M | +102% | — |
| Net earnings | $42.8M | +842% | +542% |
| Operating cash flow | $279M | -1% | +83% |
| Free cash flow | $113M | +33% | +149% |
What changed
Revenue was $702.9M in Q1 2025, up 16% year over year and up 1% from the previous quarter.
Operating profit was $60.4M, a 8.6% margin (up 18.4 points year over year). Total costs fell 4% while revenue rose 16%. The fastest-growing cost line was General & admin (+12%). Net earnings were $42.8M, up 542% year over year. The effective tax rate was 4.0%.
Operating cash flow was $279.4M (up 83% year over year), 558% of net income including minority interests. Non-cash charges added back $268.5M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items used $43.8M. Capital expenditures of $166.0M left free cash flow of $113.4M.
Questions
What was Healthpeak Properties' revenue in the first quarter 2025?
Healthpeak Properties (DOC) reported revenue of $703M for the first quarter 2025 (Q1 2025), +16% from a year earlier and +0.7% from the quarter before.
Was Healthpeak Properties profitable in the first quarter 2025?
Operating profit was $60.4M (8.6% of revenue) and net earnings $42.8M.