NYSE:DOCHealth Care REITs
Healthpeak Properties (DOC) Stock Finds Support In Stronger FFO
Healthpeak Properties stock barely budged, up less than 1% to around US$21.79, even though the earnings story was all about stronger cash generation. For a real estate investment trust, funds from operations is what matters, and Healthpeak reported adjusted funds from operations of US$0.46 per share in the quarter with total revenue of US$771.6m.
The market reaction looks muted compared with that core cash figure and a raised full year adjusted funds from operations guidance range. Investors...