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Healthpeak Properties cash flow statement

In fiscal 2025, Healthpeak Properties's operations generated $1.25bn of cash; it spent $895m on capital projects, leaving free cash flow of $357m. It returned $849m in dividends and $97.1m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations5165807241,0351,1491,2491,2221,2148478498467587959009561,0701,2521,231
Depreciation and amortisation3163073463544234555055685354054355546847117501,0571,0591,098
Stock-based pay141520234022262314171817182614161420
Capital spending—————2733854594725616777897609627757378950
Free cash flow—————976837755375288169−3036−621823343571,231
Free cash flow after stock pay—————954811732361271151−4817−881673183431,211
Dividends paid5175917888659571,0021,047980695697720787650648657795849846
Share buybacks—————1399535111368719197102
Shares issued853——1,79311497736828577961,06953080012

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Healthpeak Properties's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Healthpeak Properties.