
Core Insights - Healthpeak Properties, Inc. is a leading healthcare-focused REIT with a national portfolio of 700 properties totaling nearly 50 million square feet [1][3] - The company completed a merger with Physicians Realty Trust in 2024, exceeding first-year synergy targets by over 25% and expecting total synergies to exceed $65 million [4] - Healthpeak recently announced a dividend increase, distinguishing itself in a challenging environment for many REITs due to its strong capital allocation decisions [4] Company Overview - Healthpeak operates in the intersection of real estate and healthcare innovation, focusing on outpatient medical, life sciences, and senior housing [3] - The company is fully integrated and part of the S&P 500, emphasizing its significant market presence [1] Financial Performance - The merger with Physicians Realty Trust has been financially successful, contributing to the company's growth and operational efficiency [4] - Healthpeak's capital allocation strategies have positioned its portfolio, balance sheet, and liquidity favorably, allowing for continued dividend increases [4] Long-term Growth Strategy - The company is aligned with long-term healthcare trends, focusing on delivering mission-critical and irreplaceable healthcare real estate [5]