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The combined company should have a valuation of about $21 billion.
Healthpeak Properties Inc. PEAK, -1.91% and Physicians Realty Trust DOC, -0.63% said Monday they are combining in an all-stock merger of equals valued at about $21 billion. Under the terms of the deal, each of Milwaukee-based Physicians Realty's shares will be converted into 0.674 of a newly issued share by Denver-based Healthpeak.
HealthPeak Properties and Physicians Realty Trust have agreed to combine in an all-stock merger of equals valued at about $21 billion, the companies said on Monday.
Healthpeak Properties is an undervalued healthcare REIT with a well-covered yield and a BBB+ credit rating. The company's portfolio is diverse, including life science properties, outpatient medical care, and continuing care retirement communities. Despite macro worries and market downturns, Healthpeak Properties has strong fundamentals and potential for growth, making it an attractive investment.
Healthpeak (PEAK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Robust demand for Healthpeak's (PEAK) lab assets and a rise in senior citizen's healthcare expenditure are expected to have benefited its Q3 earnings.
DENVER--(BUSINESS WIRE)--Healthpeak Properties, Inc. (NYSE: PEAK), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, is scheduled to report third quarter 2023 financial results after the close of trading on the New York Stock Exchange on Monday, October 30, 2023. Healthpeak will host a conference call and webcast on Tuesday, October 31, 2023, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) in order to review its financial performance and operati.
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