Filing Flows › Healthpeak Properties (DOC) › Q3 2025
Healthpeak Properties (DOC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 24, 2025
Healthpeak Properties (DOC) reported revenue of $706M for the third quarter 2025 (Q3 2025), +0.8% from a year earlier and +2% from the quarter before. Operating margin was 7.4%, net loss $110M (15.6% of revenue).
Healthpeak Properties, Q3 2025: revenue $706M (+0.8% year over year), operating margin 7.4%, net loss $110M, operating cash flow $315M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $706M | +2% | +0.8% |
| Operating profit | $52.6M | +23% | — |
| Net earnings | −$110M | -447% | — |
| Operating cash flow | $315M | -13% | -1% |
| Free cash flow | $92.2M | -55% | -38% |
What changed
Revenue was $705.9M in Q3 2025, up 1% year over year and up 2% from the previous quarter.
Operating profit was $52.6M, a 7.4% margin (up 2.4 points year over year). Of the extra revenue versus a year earlier, 317% reached operating profit, above the 5% margin then. Total costs fell 2% while revenue rose 1%. The quarter ended with a net loss of $109.8M, after a profit of $39.0M the previous quarter. Net interest and other expense of $163.6M was the main reason.
Operating cash flow was $315.0M (down 1% year over year). Non-cash charges added back $262.3M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $158.4M. Capital expenditures of $222.7M left free cash flow of $92.2M.
Questions
What was Healthpeak Properties' revenue in the third quarter 2025?
Healthpeak Properties (DOC) reported revenue of $706M for the third quarter 2025 (Q3 2025), +0.8% from a year earlier and +2% from the quarter before.
Was Healthpeak Properties profitable in the third quarter 2025?
Operating profit was $52.6M (7.4% of revenue) and net loss $110M.