Healthpeak Properties (DOC) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth was more modest than the year-over-year gain.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth was more modest than the year-over-year gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$138.8M
Revenue reported for this quarter.
Quarter-over-quarter
+1.8%
Change from the immediately preceding quarter.
Year-over-year
+9.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$539.1M
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, 2023 | $130.2M | +3.8% |
| Sep 30, 2023 | $133.8M | +9.6% |
| Dec 31, 2023 | $136.3M | -74.0% |
| Mar 31, 2024 | $138.8M | +9.2% |
Revenue performance
Revenue rose in the latest quarter, extending the upward trajectory seen in recent periods.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was higher. Compared with the same quarter one year earlier, revenue also showed an increase.
What to watch
The sequential revenue increase was smaller than the increase from the same quarter one year earlier, which may warrant attention in future quarters.