Healthcare eREIT Example

Example of the week

Company: Healthpeak Properties, Inc. (DOC) is an owner, operator and developer of real estate for healthcare discovery and delivery. It focuses on high-quality buildings in prime locations and building lasting relationships with leading health systems and biopharma tenants. It currently pays a 6% dividend yield.

Revenues: The company generates revenues from its property portfolio that includes purpose-built lab campuses, high-quality outpatient medical facilities and differentiated and attractive senior housing properties.

KPIs: The company is financially conservatively managed (5.2 net-debt-to-EBITDA ratio). It receives stable rent payments (5-7 year leases with contractual annual rent escalation, 88% tenant retention rate, 92% occupancy ratio).