 DENVER, Aug. 3, 2021 PRNewswire -- 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 Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 in thousands, except per share amounts Amount Per Share Amount Per Share Net income loss, diluted 277,533 0.51 51,131 0.09 Nareit FFO, diluted 149,671 0.28 182,367 0.34 FFO as Adjusted, diluted 219,386 0.40 216,547 0.40 AFFO, diluted 190,579 193,790 Nareit FFO, FFO as Adjusted, AFFO, Same-Store Cash Adjusted NOI, Net Debt to Adjusted EBITDAre are supplemental non-GAAP financial measures that we believe are useful in evaluating the operating performance and financial position of real estate investment trusts see the Funds From Operations and Adjusted Funds From Operations sections of this release for additional information. 