Healthcare REIT Healthpeak Properties (DOC) is another example of a REIT holding that is attractively valued and one that could be a contributor to near-term real estate sector upside. The stock is the tenth-largest component in the ALPS fund.
“The company also completed a merger with Physicians Realty Trust in a $5 billion deal that closed in March 2024, adding 16 million square feet of high-quality medical office buildings that complements the company’s own portfolio. Following the merger, Healthpeak derives approximately 55% of the company’s net operating income from medical office, 35% from life science, and 10% from a small portfolio of continuing-care retirement communities and other triple-net assets,” according to Morningstar’s Kevin Brown.
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