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Exhibit 99.1 Healthpeak Reports Second Quarter 2021 Results DENVER , August 3 , 2021 - Healthpeak Properties , Inc. ( NYSE : PEAK ) today announced results for the second quarter ended June 30 , 2021 . - SECOND QUARTER 2021 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS Net income of $ 0.51 per share , Nareit FFO of $ 0.28 per share , FFO as Adjusted of $ 0.40 per share , and blended Total Same - Store Portfolio Cash ( Adjusted ) NOI growth of 1.2 % • Total pro forma Same - Store Portfolio Cash ( Adjusted ) NOI growth of 7.6 % excluding government grants received under the CARES Act at our CCRC properties Life Science and MOB Same - Store Portfolio Cash ( Adjusted ) NOI growth of 7.4 % and 4.1 % , respectively Acquisitions : Closed on $ 425 million of MOB acquisitions during the second quarter In July 2021 , acquired an aggregate $ 205 million of MOBS in off - market transactions , consisting of three buildings that are 100 % leased to Atlantic Health System for $ 155 million and a 132,000 square foot medical campus 100 % leased to HCA for $ 50 million Development leasing : " " Signed a binding term sheet for a 163,000 square foot full - building lease for the Sorrento Gateway life science development in the Sorrento Mesa submarket of San Diego , California Signed a 185,000 square foot full - campus lease for the Callan Ridge densification in the Torrey Pines submarket of San Diego , California Active life science development pipeline now 73 % pre - leased Dispositions : " • Closed on an additional $ 249 million of senior housing sales and $ 19 million of loan repayments from our May 4 , 2021 earnings release through August 1 , 2021 and under contract on the remaining sales Received $ 246 million of seller - financing early repayments in June 2021 Closed on the previously announced sale of Hoag Hospital purchase option , generating proceeds of $ 226 million Balance sheet : • • Completed the previously announced tender offers for $ 550 million of senior unsecured notes due 2025 Issued $ 450 million of 1.35 % senior unsecured notes due 2027 in our inaugural green bond offering Net debt to adjusted EBITDAre of 4.6x as of June 30 , 2021 The Board of Directors declared a quarterly common stock cash dividend of $ 0.30 per share to be paid on August 20 , 2021 , to stockholders of record as of the close of business on August 9 , 2021 Published 10th annual ESG report covering environmental , social and governance initiatives and progress SECOND QUARTER COMPARISON ( in thousands , except per share amounts ) Net income ( loss ) , diluted Nareit FFO , diluted FFO as Adjusted , diluted AFFO , diluted Three Months Ended June 30 , 2021 Amount Per Share Three Months Ended June 30 , 2020 Amount Per Share $ 277,533 $ 0.51 $ 51,131 $ 0.09 149,671 0.28 182,367 0.34 219,386 0.40 216,547 0.40 190,579 193,790 Page 1