Healthpeak Properties Cash Flow 2025-2006 | PEAK

Brief overview of Healthpeak Properties's cash movements

This overview follows the five latest available annual observations in the 2021–2025 interval.

Operating cash flow reached $1.3 billion versus $795.2 million initially. Growth of +57.4% at roughly 12% CAGR was robust.

Operating cash flow stayed positive in five out of five periods. The business consistently converted operations into cash.

The cash conversion ratio reached 3.06x. Cash generation matched or exceeded accounting profit.

Operating cash flow margin is 44.4% versus 41.9% initially. Cash conversion of revenue changed little.

Overall picture

Healthpeak Properties's cash position is positive. The business can fund investment and obligations mainly from internal sources.

Annual Cash Flow Healthpeak Properties

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Operating Cash Flow	1.25 B	1.07 B	956 M	900 M	795 M	758 M	846 M	849 M	847 M	1.21 B	1.22 B	1.25 B	1.15 B	1.03 B	724 M	580 M	516 M	569 M	453 M	-
Depreciation & Amortization	1.06 B	1.06 B	750 M	711 M	684 M	554 M	435 M	405 M	535 M	568 M	505 M	455 M	423 M	354 M	346 M	307 M	316 M	312 M	257 M	-
Accounts Payables	719 M	725 M	657 M	772 M	755 M	763 M	456 M	392 M	402 M	417 M	436 M	433 M	318 M	294 M	275 M	314 M	-	-	-	-
Accounts Receivables	78.3 M	76.8 M	55.8 M	53.4 M	48.7 M	42.3 M	59.4 M	48.2 M	40.7 M	45.1 M	48.9 M	36.3 M	27.5 M	34.2 M	26.7 M	34.5 M	43.7 M	33.8 M	-	-

All numbers in USD currency

Quarterly Cash Flow Healthpeak Properties

	2026-Q1	2025-Q3	2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1	2010-Q3	2010-Q2	2010-Q1	2009-Q3	2009-Q2
Operating Cash Flow	261 M	-	-	279 M	-	-	-	153 M	-	-	-	174 M	-	693 M	-	194 M	-	571 M	-	123 M	-	540 M	320 M	95 M	-	629 M	381 M	159 M	-	633 M	440 M	196 M	-	638 M	432 M	193 M	-	999 M	667 M	269 M	-	868 M	594 M	230 M	-	883 M	608 M	247 M	-	844 M	572 M	214 M	-	721 M	484 M	186 M	-	587 M	433 M	150 M	431 M	276 M	109 M	390 M	250 M
Depreciation & Amortization	290 M	262 M	266 M	269 M	-	280 M	283 M	219 M	-	185 M	198 M	179 M	-	173 M	180 M	178 M	-	177 M	171 M	158 M	-	142 M	140 M	125 M	-	172 M	165 M	132 M	-	419 M	287 M	143 M	-	398 M	267 M	137 M	-	141 M	140 M	140 M	-	135 M	120 M	115 M	-	123 M	113 M	107 M	-	105 M	109 M	103 M	-	87.2 M	84.9 M	85.3 M	-	86.7 M	89.8 M	91.2 M	78.3 M	77.9 M	78.1 M	82.3 M	79.6 M
Accounts Payables	671 M	746 M	739 M	670 M	725 M	750 M	709 M	717 M	657 M	688 M	683 M	689 M	772 M	733 M	-	695 M	755 M	730 M	688 M	697 M	761 M	761 M	763 M	763 M	458 M	541 M	541 M	541 M	392 M	392 M	392 M	392 M	402 M	402 M	402 M	402 M	417 M	417 M	417 M	417 M	431 M	436 M	436 M	436 M	433 M	433 M	433 M	433 M	318 M	318 M	318 M	318 M	294 M	294 M	294 M	294 M	275 M	275 M	275 M	275 M	-	-	-	-	-
Accounts Receivables	91.5 M	80.8 M	68.7 M	68.9 M	76.8 M	65 M	59.7 M	68.6 M	55.8 M	59.1 M	53.5 M	57.7 M	53.4 M	54 M	-	54.1 M	48.7 M	44.7 M	41.8 M	38.9 M	42.3 M	42.3 M	42.3 M	42.3 M	44.8 M	59.4 M	59.4 M	59.4 M	48.2 M	48.2 M	48.2 M	48.2 M	40.7 M	40.7 M	40.7 M	40.7 M	45.1 M	45.1 M	45.1 M	45.1 M	48.9 M	48.9 M	48.9 M	48.9 M	36.3 M	36.3 M	36.3 M	36.3 M	27.5 M	27.5 M	27.5 M	27.5 M	34.2 M	34.2 M	34.2 M	34.2 M	26.7 M	26.7 M	26.7 M	26.7 M	38.4 M	37 M	39.5 M	36.8 M	29.5 M

All numbers in USD currency

Cash Flow Statement is one of the three key financial reports of the company Healthpeak Properties, reflecting the actual cash inflows and outflows over a certain period. Unlike the income statement, which shows revenues and expenses on an accrual basis, the cash flow statement focuses on real cash flows — how much cash actually came into the company and how much was spent.

Main Sections of the Cash Flow Statement

Operating Activities
This section reflects cash flows related to the company’s core operations: receipts from sales of goods and services, payments to suppliers, employee salaries, taxes, and other operating expenses. Positive cash flow from operating activities indicates the viability of the business and its ability to generate cash.
Investing Activities
Shows cash movements related to the purchase and sale of long-term assets such as real estate, equipment, and investments in other companies. Negative cash flow here often indicates investments in growth, which can be a positive sign.
Financing Activities
Reflects the inflow and outflow of cash related to raising and repaying capital: issuing shares, loans, dividend payments, and loan repayments. This section shows how the company finances its activities and distributes profits.

The cash flow statement is important for investors because it allows them to assess the company’s real liquidity, showing whether it has enough cash to cover current obligations and investments — this is critical for financial stability. Additionally, it helps analyze the quality of earnings, since profits reported in the income statement can be "paper" profits and may not reflect actual cash inflows; the cash flow statement reveals this difference. The presence of free cash is also crucial for evaluating the company’s ability to finance growth and pay dividends, which is important for investors. Attention should also be paid to prolonged negative cash flows from operating activities, as this may serve as a warning sign of potential problems with the core business.

Cash flow statements of other stocks in the Reit healthcare sector

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The GEO Group GEO	$ 29.95	-2.57 %	$ 4.12 B	USA
National Health Investors NHI	$ 78.29	-0.32 %	$ 3.67 B	USA
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Omega Healthcare Investors OHI	$ 51.37	-0.52 %	$ 15 B	USA