Filing Flows › Healthpeak Properties (DOC) › Q3 2026
Healthpeak Properties (DOC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Healthpeak Properties (DOC) reported revenue of $821M for the third quarter 2026 (Q3 2026), +16% from a year earlier and +6% from the quarter before. Operating margin was 3.1%, net earnings $17.3M (2.1% of revenue).
Healthpeak Properties, Q3 2026: revenue $821M (+16% year over year), operating margin 3.1%, net earnings $17.3M, operating cash flow $354M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $821M | +6% | +16% |
| Operating profit | $25.6M | -22% | -51% |
| Net earnings | $17.3M | -67% | — |
| Operating cash flow | $354M | -2% | +13% |
| Free cash flow | $210M | +3% | +127% |
What changed
Revenue was $820.9M in Q3 2026, up 16% year over year and up 6% from the previous quarter.
Operating profit was $25.6M, a 3.1% margin (down 4.3 points year over year). Operating profit fell $27.0M even though revenue rose $115.0M versus Q3 2025, so costs grew faster than sales. Total costs grew 22% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+126%). Net earnings were $17.3M. The effective tax rate was 3.4%. Non-operating items added $12.4M, 33% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $354.5M (up 13% year over year), 966% of net income including minority interests. Non-cash charges added back $298.9M of depreciation and amortization and $4.9M of share-based compensation. Capital expenditures of $144.9M left free cash flow of $209.5M.
Questions
What was Healthpeak Properties' revenue in the third quarter 2026?
Healthpeak Properties (DOC) reported revenue of $821M for the third quarter 2026 (Q3 2026), +16% from a year earlier and +6% from the quarter before.
Was Healthpeak Properties profitable in the third quarter 2026?
Operating profit was $25.6M (3.1% of revenue) and net earnings $17.3M.