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Segment Disclosures - Schedule of Information for the Reportable Segments (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Mar. 31, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |  |  |  |  |
Total revenues | $ 705,873 | $ 700,397 |  | $ 2,103,110 | $ 2,002,461
Plus: Adjustments to NOI | 25,878 | 27,825 |  | 76,941 | 80,842
Interest income and other | 15,529 | 14,301 |  | 47,156 | 27,884
Interest expense | (76,784) | (74,105) |  | (224,540) | (209,922)
Depreciation and amortization | (262,317) | (280,019) |  | (796,779) | (782,736)
General and administrative | (19,907) | (23,216) |  | (66,789) | (73,233)
Transaction and merger-related costs | (2,420) | (7,134) |  | (18,169) | (122,113)
Impairments and loan loss reserves, net | 54 | (441) |  | 117 | (11,346)
Gain (loss) on sales of real estate, net | 11,500 | 62,325 |  | 13,136 | 187,624
Other income (expense), net | 1,160 | 982 |  | (9,658) | 83,502
Less: Healthpeak’s share of unconsolidated joint venture Adjusted NOI | (9,045) | (7,664) |  | (24,392) | (20,068)
Plus: Noncontrolling interests’ share of consolidated joint venture Adjusted NOI | 6,569 | 6,883 |  | 20,983 | 20,207
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures | 65,237 | 98,510 |  | 159,182 | 276,402
Outpatient Medical |  |  |  |  |
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |  |  |  |  |
Gain (loss) on sales of real estate, net | 12,000 | 60,000 | $ 3,000 |  |
Operating Segment |  |  |  |  |
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |  |  |  |  |
Total revenues | 690,344 | 686,096 |  | 2,055,954 | 1,974,577
Healthpeak’s share of unconsolidated joint venture total revenues | 14,161 | 12,307 |  | 38,761 | 31,111
Noncontrolling interests’ share of consolidated joint venture total revenues | (10,334) | (9,734) |  | (30,327) | (28,148)
Operating expenses | (291,922) | (280,279) |  | (841,246) | (797,835)
Healthpeak’s share of unconsolidated joint venture operating expenses | (5,116) | (4,643) |  | (14,369) | (11,043)
Noncontrolling interests’ share of consolidated joint venture operating expenses | 3,765 | 2,851 |  | 9,344 | 7,941
Adjustments to NOI | (25,878) | (27,825) |  | (76,941) | (80,842)
Adjusted NOI for reportable segments | 375,020 | 378,773 |  | 1,141,176 | 1,095,761
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures | 65,237 | 98,510 |  | 159,182 | 276,402
Operating Segment | Outpatient Medical |  |  |  |  |
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |  |  |  |  |
Total revenues | 326,561 | 317,659 |  | 967,591 | 888,446
Healthpeak’s share of unconsolidated joint venture total revenues | 7,327 | 7,065 |  | 21,769 | 16,707
Noncontrolling interests’ share of consolidated joint venture total revenues | (10,334) | (9,734) |  | (30,327) | (27,952)
Operating expenses | (113,660) | (106,484) |  | (324,216) | (299,455)
Healthpeak’s share of unconsolidated joint venture operating expenses | (2,887) | (2,832) |  | (8,576) | (6,380)
Noncontrolling interests’ share of consolidated joint venture operating expenses | 3,765 | 2,851 |  | 9,344 | 7,889
Adjustments to NOI | (10,358) | (11,020) |  | (33,253) | (27,573)
Adjusted NOI for reportable segments | 200,414 | 197,505 |  | 602,332 | 551,682
Operating Segment | Lab |  |  |  |  |
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |  |  |  |  |
Total revenues | 213,325 | 225,592 |  | 640,123 | 663,619
Healthpeak’s share of unconsolidated joint venture total revenues | 6,834 | 5,242 |  | 16,992 | 14,404
Noncontrolling interests’ share of consolidated joint venture total revenues | 0 | 0 |  | 0 | (196)
Operating expenses | (64,352) | (64,075) |  | (181,412) | (177,571)
Healthpeak’s share of unconsolidated joint venture operating expenses | (2,229) | (1,811) |  | (5,793) | (4,663)
Noncontrolling interests’ share of consolidated joint venture operating expenses | 0 | 0 |  | 0 | 52
Adjustments to NOI | (15,520) | (16,900) |  | (42,844) | (51,624)
Adjusted NOI for reportable segments | 138,058 | 148,048 |  | 427,066 | 444,021
Operating Segment | CCRC |  |  |  |  |
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |  |  |  |  |
Total revenues | 150,458 | 142,845 |  | 448,240 | 422,512
Healthpeak’s share of unconsolidated joint venture total revenues | 0 | 0 |  | 0 | 0
Noncontrolling interests’ share of consolidated joint venture total revenues | 0 | 0 |  | 0 | 0
Operating expenses | (113,910) | (109,720) |  | (335,618) | (320,809)
Healthpeak’s share of unconsolidated joint venture operating expenses | 0 | 0 |  | 0 | 0
Noncontrolling interests’ share of consolidated joint venture operating expenses | 0 | 0 |  | 0 | 0
Adjustments to NOI | 0 | 95 |  | (844) | (1,645)
Adjusted NOI for reportable segments | $ 36,548 | $ 33,220 |  | $ 111,778 | $ 100,058

X
- Definition Adjusted NOI is a non-GAAP supplemental financial measure used to evaluate the operating performance of real estate. Adjusted NOI is calculated as NOI after eliminating the effects of straight-line rents, DFL non-cash interest, amortization of market lease intangibles and lease termination fees (?non cash adjustments?). Adjusted NOI is oftentimes referred to as ?cash NOI.? The Company uses adjusted NOI to make decisions about resource allocations, and to assess and compare property level performance. The Company believes that net income (loss) is the most directly comparable U.S. GAAP measure to adjusted NOI. Adjusted NOI should not be viewed as an alternative measure of operating performance to net income (loss) as defined by GAAP since it does not reflect various excluded items. Further, the Company?s definition of Adjusted NOI may not be comparable to the definition used by other REITs or real estate companies, as they may use different methodologies for calculating Adjusted NOI. + References No definition available. + Details
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