Direct Answer
Healthpeak Properties reports revenue across 3 business segments in its fiscal 2025 Form 10-K. Outpatient Medical is the largest, with $1.3 billion of revenue (45% of the total), followed by Lab at $860 million (30%).
How Does Healthpeak Properties Make Money?
No single line supplies a majority of revenue: the largest, Outpatient Medical, is 45%, which spreads Healthpeak Properties's exposure across several demand drivers. Between fiscal 2024 and 2025, Outpatient Medical grew fastest (+7.5%) and Lab slowest (-2.4%), so the revenue mix tilts toward Outpatient Medical while that gap lasts.
| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Outpatient Medical | $1.3 billion | $1.2 billion | 45.1% | 7.5% |
| Lab | $860 million | $881 million | 30.5% | -2.4% |
| Senior Housing | $604 million | $568 million | 21.4% | 6.2% |
What the Segment Figures Do Not Show
The rows above add up to 97% of Healthpeak Properties's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value Healthpeak Properties reported in the segment note and revenue disclosures of its Form 10-K filed February 3, 2026 (accession 0001628280-26-005044), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are Healthpeak Properties's business segments?
In its fiscal 2025 Form 10-K, Healthpeak Properties reports revenue for Outpatient Medical, Lab and Senior Housing.
Which part of Healthpeak Properties brings in the most revenue?
Outpatient Medical, with $1.3 billion of revenue in fiscal 2025, or 45% of the total.
Where does Healthpeak Properties report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed February 3, 2026, alongside management's discussion of each segment's results.