Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2024

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,
	2024		2023
Numerator
Net income (loss)	$	11,177	$	134,507
Noncontrolling interests’ share in earnings	(4,501)		(15,555)
Net income (loss) attributable to Healthpeak Properties, Inc.	6,676		118,952
Less: Participating securities’ share in earnings	(199)		(1,254)
Net income (loss) applicable to common shares - basic and diluted	$	6,477	$	117,698
Denominator
Basic weighted average shares outstanding	600,898		546,842
Dilutive potential common shares - equity awards(1)	181		268
Dilutive potential common shares - OP Units(2)	109		—
Diluted weighted average common shares	601,188		547,110
Earnings (loss) per common share
Basic	$	0.01	$	0.22
Diluted	$	0.01	$	0.22

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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).

(2)For the three months ended March 31, 2024, represents the dilutive impact of 3 million outstanding OP Units.