Filing Flows › Healthpeak Properties (DOC) › Q2 2026
Healthpeak Properties (DOC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Healthpeak Properties (DOC) reported revenue of $772M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +2% from the quarter before. Operating margin was 4.2%, net earnings $52.8M (6.8% of revenue).
Healthpeak Properties, Q2 2026: revenue $772M (+11% year over year), operating margin 4.2%, net earnings $52.8M, operating cash flow $361M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $772M | +2% | +11% |
| Operating profit | $32.6M | +482% | -24% |
| Net earnings | $52.8M | -73% | +67% |
| Operating cash flow | $361M | +38% | -0.7% |
| Free cash flow | $204M | +72% | -0.5% |
What changed
Revenue was $771.6M in Q2 2026, up 11% year over year and up 2% from the previous quarter.
Operating profit was $32.6M, a 4.2% margin (down 1.9 points year over year). Operating profit fell $10.1M even though revenue rose $77.2M versus Q2 2025, so costs grew faster than sales. Total costs grew 13% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+102%). Net earnings were $52.8M, up 67% year over year. The effective tax rate was -2.3%. Non-operating items added $29.3M, 47% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $361.1M (down 1% year over year), 571% of net income including minority interests. Non-cash charges added back $283.4M of depreciation and amortization and $4.8M of share-based compensation. Capital expenditures of $157.0M left free cash flow of $204.1M.
Questions
What was Healthpeak Properties' revenue in the second quarter 2026?
Healthpeak Properties (DOC) reported revenue of $772M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +2% from the quarter before.
Was Healthpeak Properties profitable in the second quarter 2026?
Operating profit was $32.6M (4.2% of revenue) and net earnings $52.8M.