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Healthpeak said it entered into a Merger Agreement with Physicians Realty Trust on October 29, 2023, under which each Physicians Realty Trust common share will convert into the right to receive 1 shares of Healthpeak common stock per share 0.674.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Healthpeak said it entered into a Merger Agreement with Physicians Realty Trust on October 29, 2023, under which each Physicians Realty Trust common share will convert into the right to receive 1 shares of Healthpeak common stock per share 0.674.

  2. The company said completion of the merger is subject to the satisfaction or waiver of customary closing conditions, including approval by Healthpeak stockholders and Physicians Realty Trust shareholders.

  3. The company said Physicians Realty Trust preliminarily estimates net income of $4,000 thousand to $11,000 thousand for Q4 2023 and $40,645 thousand to $47,645 thousand for the full year, and that the estimates are subject to change because the annual audit procedures are not complete.

  4. The company said Physicians Realty Trust preliminarily estimates full-year 2023 diluted FFO of $0.96 to $0.98 per share and diluted Normalized FFO of $0.98 to $1.00 per share. The estimates have not been audited or reviewed by the independent auditor.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Physicians Realty Trust Merger Agreement Exchange Ratio

Healthpeak said it entered into a Merger Agreement with Physicians Realty Trust on October 29, 2023, under which each Physicians Realty Trust common share will convert into the right to receive 1 shares of Healthpeak common stock per share 0.674.

Source · Based on the filing body and exhibits

Merger Closing Conditions and Stockholder Approval

The company said completion of the merger is subject to the satisfaction or waiver of customary closing conditions, including approval by Healthpeak stockholders and Physicians Realty Trust shareholders.

Source · Based on the filing body and exhibits

Physicians Realty Trust Q4 2023 and Full-Year Net Income Preliminary Estimates

The company said Physicians Realty Trust preliminarily estimates net income of $4,000 thousand to $11,000 thousand for Q4 2023 and $40,645 thousand to $47,645 thousand for the full year, and that the estimates are subject to change because the annual audit procedures are not complete.

Source · Based on the filing body and exhibits

Physicians Realty Trust Full-Year FFO and Normalized FFO Preliminary Estimates

The company said Physicians Realty Trust preliminarily estimates full-year 2023 diluted FFO of $0.96 to $0.98 per share and diluted Normalized FFO of $0.98 to $1.00 per share. The estimates have not been audited or reviewed by the independent auditor.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.