Healthpeak Properties, Inc. Q1 Profit Advances, Beats estimates

(RTTNews) - Healthpeak Properties, Inc. (PEAK) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $117.70 million, or $0.22 per share. This compares with $69.64 million, or $0.13 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.5% to $525.68 million from $498.37 million last year.

Healthpeak Properties, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $117.70 Mln. vs. $69.64 Mln. last year. -EPS (Q1): $0.22 vs. $0.13 last year. -Analyst Estimate: $0.09 -Revenue (Q1): $525.68 Mln vs. $498.37 Mln last year.