Healthpeak Properties (DOC) Revenue — Quarter Ended Mar 31, 2023
Revenue for the reported quarter declined sharply from the immediately preceding quarter but increased slightly compared to the same quarter one year earlier. The sequential decline follows a period of notably higher revenue in the prior quarter.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the reported quarter declined sharply from the immediately preceding quarter but increased slightly compared to the same quarter one year earlier. The sequential decline follows a period of notably higher revenue in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$127.1M
Revenue reported for this quarter.
Quarter-over-quarter
-75.8%
Change from the immediately preceding quarter.
Year-over-year
+4.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$899.1M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $125.4M | +156.5% |
| Sep 30, 2022 | $122.1M | +2.6% |
| Dec 31, 2022 | $524.5M | +8.5% |
| Mar 31, 2023 | $127.1M | +4.5% |
Revenue performance
The reported quarter's revenue was significantly lower than the prior quarter's level, which had been substantially elevated. Over the trailing twelve months, revenue remained above the level seen two quarters earlier.
Quarterly comparison
Compared to the immediately preceding quarter, revenue fell by a large margin. In contrast, revenue was higher than the same quarter one year ago, indicating year-over-year growth.
What to watch
The magnitude of the quarter-over-quarter decline, in the context of the prior quarter's spike, may be a key factor to follow in upcoming reports.