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-0.000277238702522817 -0.000554477405045634 -0.000277238702522817 0.000277238702522817 0.0016634322151373 0.00110895481009147 0.0016634322151373 0.00304962572775158
Stock impact report

Healthpeak Is Unlocking Its Senior Housing Value [Seeking Alpha]

Healthcare Realty Trust Incorporated (HR) 
Last healthcare realty trust incorporated earnings: 2/12 05:00 pm Check Earnings Report
US:NYSE Investor Relations: healthcarerealty.com/investor-relations
Company Research Source: Seeking Alpha
The Janus Living IPO will force the market to recognize DOC's $4.25B senior housing value, above its $3B book value. JAN's IPO is well-subscribed, targeting a $19/share midpoint and a 25–30x AFFO multiple, validating higher asset quality. Post-spin, DOC's reported AFFO may decline due to accounting, but long-term value unlock is expected as the market adjusts. Looking for a portfolio of ideas like this one? Members of Portfolio Income Solutions get exclusive access to our subscriber-only portfolios. Learn More » Miljan Živkovic/iStock via Getty Images Healthpeak ( DOC ) is being valued as a mix between medical offices and labs. By property value, however, it is fully 25% senior housing. Senior housing values have dramatically expanded in recent periods, yet this value has not shown up in DOC's stock price. In response, DOC is spinning off its senior housing into Janus Living ( JAN ) which, upon its IPO, should force the market to directly value its senior housing assets. Show less Read more
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