Earnings Call Summary | Healthpeak Properties(DOC.US) Q1 2024 Earnings Conference
Earnings Call Summary | Healthpeak Properties(DOC.US) Q1 2024 Earnings Conference
The following is a summary of the Healthpeak Properties, Inc. (DOC) Q1 2024 Earnings Call Transcript:
以下是Healthpeak Properties, Inc.(DOC)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Healthpeak Properties increased its 2024 earnings guidance by $0.02 at the midpoint, due to strong same-store results, outperformance on merger synergies, and accretive stock buybacks.
Q1 2024 reports show an FFO-as-adjusted of $0.45 per share, AFFO of $0.41 per share and total portfolio same-store growth of 4.5%.
The company repurchased $100 million of its stock at an average price slightly above $17 per share, representing an implied cap rate of 8%.
The company has sold $363 million of fully stabilized assets and made loan repayments of $69 million.
Healthpeak Properties將其2024年的盈利預期在中點上調了0.02美元,這要歸因於強勁的同店業績、合併協同效應的跑贏大盤以及增加的股票回購。
2024年第一季度報告顯示,經FFO調整後的每股收益爲0.45美元,AFFO爲每股0.41美元,同店投資組合總增長4.5%。
該公司以略高於每股17美元的平均價格回購了1億美元的股票,隱含上限率爲8%。
該公司已出售了3.63億美元的完全穩定的資產,並償還了6900萬美元的貸款。
Business Progress:
業務進展:
The merger with Physicians Realty has proven to be a valuable move, exceeding integration expectations.
Healthpeak Properties has internalized 10 markets covering 17 million sqft of property with plans to internalize an additional 4 million sqft by year-end.
The company aims to internalize over 70% of their total footprint and has identified $80 million of NOI upside potential from additional merger synergies and leasing of active life science development readout pipeline.
There is an accelerated patient volume and absorption in the outpatient business, and new development remains low with an expected continuity.
In their Life Science business, leasing pipeline has increased by 80% from last quarter, suggesting favourable leasing environment due to reduction in new construction starts.
With the new origin of a five year $750 million term loan and an outstanding authorization of roughly $350 million, they foresee more strides in financial security.
事實證明,與Physicians Realty的合併是一項有價值的舉措,超出了整合預期。
Healthpeak Properties已經內部化了10個市場,涵蓋了1700萬平方英尺的房產,並計劃到年底再內部化400萬平方英尺的房產。
該公司的目標是將其總業務的70%以上內部化,並已通過額外的合併協同效應和租賃活躍的生命科學開發讀出渠道確定了8000萬美元的NOI上行潛力。
門診業務的患者數量和吸收率都在加快,新的發展水平仍然很低,預計會持續下去。
在生命科學業務中,租賃渠道比上個季度增加了80%,這表明由於新開工的減少,租賃環境良好。
隨着五年期7.5億美元定期貸款的新來源和約3.5億美元的未付授權,他們預計金融安全將取得更多進展。
More details: Healthpeak Properties IR
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譯文內容由第三人軟體翻譯。