Healthpeak Properties, Inc. (PEAK) Q4 2022 Earnings Call Transcript

Healthpeak Properties, Inc. (NYSE:PEAK) Q4 2022 Results Conference Call February 8, 2023 11:00 AM ET

Company Participants

Andrew Johns - Senior Vice President, IR

Scott Brinker - CEO, President & Director

Scott Bohn - Chief Development Officer & Co-Head, Life Science

Peter Scott - CFO

Thomas Klaritch - COO

Conference Call Participants

Nicholas Yulico - Scotiabank

Austin Wurschmidt - KeyBanc Capital Markets

Juan Sanabria - BMO Capital Markets

Steve Sakwa - Evercore ISI

Vikram Malhotra - Mizuho

Richard Anderson - SMBC

Ronald Kamden - Morgan Stanley

Michael Griffin - Citi

Joshua Dennerlein - Bank of America Merrill Lynch

Steven Valiquette - Barclays Bank

Omotayo Okusanya - Credit Suisse

John Pawlowski - Green Street Advisors

Daniel Hogan - Baird & Co.

Operator

Good morning, and welcome to the Healthpeak Properties, Inc. Fourth Quarter Conference Call. All participants will be in listen-only mode [Operator Instructions]. Please note this event is being recorded.

I would now like to turn the conference over to Andrew Johns, Senior Vice President, Investor Relations. Please go ahead.

Andrew Johns

Welcome to Healthpeak's fourth quarter 2022 financial results conference call. Today's conference call will contain certain forward-looking statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, our forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our expectations. A discussion of risks and risk factors is included in our press release and detailed in our filings with the SEC. We do not undertake a duty to update any forward-looking statements.

Certain non-GAAP financial measures will be discussed on the call. In an exhibit of the 8-K furnished with the SEC yesterday, we have reconciled all non-GAAP financial measures to the most directly comparable GAAP measures in accordance with Reg G requirements. The exhibit is also available on our website at healthpeak.com.

I'll now turn the call over to our President and Chief Executive Officer, Scott Brinker.

Scott Brinker

Thanks, Andrew. Good morning, and welcome to Healthpeak's fourth quarter earnings call. Joining me today for prepared remarks are Pete Scott, our CFO; and Scott Bohn, our CDO. Senior team will be available for Q&A. Through all economic cycles, our business is driven by two fundamentals: The

aging population, and the desire for improved health.

Demand for our real estate led to an estimated 17 million visits to our MOBs last year. Our buildings are critical to outpatient healthcare delivery in Dallas, Houston, Denver and Nashville and many other attractive markets. Biotech tenants are producing life changing therapeutics, for cancer, heart disease, sickle cell and many other diseases.