Why Healthpeak Properties Leaped 10% in November
Shares of Healthpeak Properties (NYSE: PEAK) jumped 10.3% in November, according to data provided by S&P Global Market Intelligence. Driving up shares of the real estate investment trust (REIT) was its third-quarter report.
Healthpeak Properties posted solid third-quarter results last month. Its adjusted funds from operations (FFO) of $0.43 per share were right on the money with analysts' expectations. While adjusted FFO per share declined from $0.44 per share in the prior quarter, they were up from $0.40 per share in the year-ago period.
Driving the healthcare REIT's year-over-year increase was improving net operating income (NOI) across its portfolio. Total NOI grew by 5.1% year over year, with faster growth in life sciences properties (5.4%) than in its medical office building portfolio (4.9%).
Source Fool.com
