DOC · 8-K · 20260804PR052608

Same-Store NOI Performance

HEALTHPEAK PROPERTIES, INC. · 2026-08-04 · Importance 18 · Surprise 14 · No source text

Second-quarter total same-store Adjusted NOI grew 1.8% year over year. Outpatient Medical same-store Adjusted NOI increased 2.5%, while Lab declined 3.2% and Senior Housing increased 19.2%. Senior Housing same-store Adjusted NOI margin expanded 250 basis points, contributing to Janus Living’s 37% increase in Total Adjusted Net Operating Income to $58 million.

Key facts

• Full Year 2026 Total Same-Store Cash (Adjusted) NOI guidance range updated from (1)% - 1% (as of 5/5/26) to 0% - 1.5% (as of 8/4/26), a 75 basis point increase at the mid-point source
• Healthpeak reported Year-Over-Year three-month same-store Adjusted NOI growth for Outpatient Medical of 2.5% representing 56.4% of same-store pool source
• Healthpeak reported Year-Over-Year three-month same-store Adjusted NOI growth for Lab of (3.2)%, representing 34.0% of same-store pool source
• Healthpeak reported Year-Over-Year three-month same-store Adjusted NOI growth for Senior Housing of 19.2%, representing 9.6% of same-store pool source
• Healthpeak reported Total same-store three-month Adjusted NOI growth of 1.8%, representing 100.0% of the same-store pool source

Impact estimates