Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings per Share

The following table illustrates the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Three Months Ended March 31,
	2023		2022
Numerator
Income (loss) from continuing operations	$	134,507	$	75,026
Noncontrolling interests' share in continuing operations	(15,555)		(3,730)
Income (loss) from continuing operations attributable to Healthpeak Properties, Inc.	118,952		71,296
Less: Participating securities' share in continuing operations	(1,254)		(1,976)
Income (loss) from continuing operations applicable to common shares	117,698		69,320
Income (loss) from discontinued operations	—		317
Net income (loss) applicable to common shares - basic and diluted	$	117,698	$	69,637
Denominator
Basic weighted average shares outstanding	546,842		539,352
Dilutive potential common shares - equity awards(1)	268		234
Diluted weighted average common shares	547,110		539,586
Basic earnings (loss) per common share
Continuing operations	$	0.22	$	0.13
Discontinued operations	—		0.00
Net income (loss) applicable to common shares	$	0.22	$	0.13
Diluted earnings (loss) per common share
Continuing operations	$	0.22	$	0.13
Discontinued operations	—		0.00
Net income (loss) applicable to common shares	$	0.22	$	0.13

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(1)For all periods presented, represents the dilutive impact of 1 million outstanding equity awards (restricted stock units and stock options).