Healthcare Property Firms Healthpeak Properties And Physicians Realty Trust To Merge In $21B Deal
Portfolio Pulse from Vandana Singh
Healthpeak Properties Inc (NYSE:PEAK) and Physicians Realty Trust (NYSE:DOC) have agreed to a $21 billion all-stock merger. The combined company will have a 52 million square foot portfolio and is expected to generate run-rate synergies of at least $40 million by the end of year one and up to $60 million by the end of year two. The merged entity will operate under the Healthpeak Properties Inc. name and trade under the ticker symbol 'DOC'. Post-merger, Healthpeak and Physicians Realty Trust shareholders will own approximately 77% and 23% of the combined company, respectively.
October 30, 2023 | 1:46 pm
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NEUTRAL IMPACT
Physicians Realty Trust is merging with Healthpeak Properties in a $21 billion deal. Post-merger, Physicians Realty Trust shareholders will own approximately 23% of the combined company.
The merger is expected to be accretive to run-rate AFFO per share and FFO per share for Physicians Realty Trust, which could be positive for the stock. However, the stock is currently up, indicating positive market sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Healthpeak Properties is merging with Physicians Realty Trust in a $21 billion deal. Post-merger, Healthpeak shareholders will own approximately 77% of the combined company.
The merger is expected to be accretive to run-rate AFFO per share and FFO per share for Healthpeak, which could be positive for the stock. However, the stock is currently down, indicating mixed market sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100