DOC · 10-Q · 2026Q2 · Full report

Operating Cash Flow Trends

HEALTHPEAK PROPERTIES, INC. · 2026-08-05 · Importance 31 · Surprise 32 · In source text

Net cash provided by operating activities decreased $20.9 million, or 3.3%, to $622.0 million for the six months ended June 30, 2026. The decrease reflected higher Janus Living IPO transaction costs, higher cash interest payments, and lower Adjusted NOI from dispositions and properties under development or redevelopment. Net cash used in investing activities increased $65.0 million to $506.0 million, primarily because of higher real estate acquisition spending including the SWF JV Buyout. Net cash provided by financing activities increased $1.3 billion to $1.1 billion, principally because of proceeds from the Janus Living IPO and June follow-on offering and lower senior-note repayments.

Key facts

• In June 2026, Healthpeak received a $399 million partial principal repayment of a seller financing loan receivable secured by outpatient medical buildings. source
• Interest income and other for the three months ended June 30, 2026 was $21,769 thousand, up $5,963 thousand from $15,806 thousand in 2025. source
• Net cash provided by operating activities for the six months ended June 30, 2026 was $621,981 thousand, down $20,933 thousand from $642,914 thousand in 2025. source
• Healthpeak reported an increase in interest income related to accelerated recognition of a mark-to-market discount from a partial principal repayment on loans receivable and secured loans funded in 2025 and 2026, partially offset by principal repayments on loans receivable in 2025 and 2026. source

Impact estimates