Healthpeak Properties shares have risen 28% over the past three months, outpacing the industry's 12.4% gain. The healthcare real estate company is shifting its portfolio toward lab, outpatient medical, and life plan assets in high-barrier markets, supported by strong leasing momentum and rising occupancy. In the first quarter of 2026, lab occupancy reached 77.7%, up from 77% at year-end 2025, while outpatient medical occupancy held at 91% with 5.4% cash re-leasing spreads on renewals. Senior housing same-store cash net operating income grew 13.8% year over year, and the Janus Living platform posted 35% revenue growth and 42% adjusted EBITDA expansion. Healthpeak generated $267 million from recapitalizations, dispositions, and loan repayments in the quarter, and cash and equivalents rose to $1.17 billion, partly from the Janus Living IPO, while the company also secured a new $400 million delayed-draw term loan.
Healthpeak Properties IncStrong leasing momentum and rising occupancy across lab, outpatient, and senior housing segments
Janus Living, Inc.Janus Living platform posted 35% revenue growth and 42% adjusted EBITDA expansion, and its IPO contributed to Healthpeak's cash position
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