(Reuters) – Healthpeak Properties, a U.S. healthcare-centric real estate investment trust, raised its annual forecast for funds from operations on Monday, betting on strong demand for its medical office properties.
Demand for outpatient sites owned by the company has benefited from a rise in patient visits, creating a favorable leasing environment.
The REIT now expects its 2024 adjusted FFO — a key performance measure — to be between $1.80 and $1.82 per share, compared with its previous range of $1.79 to $1.81 per share.
Last month, Healthpeak reported a better-than-estimated total revenue of $700.40 million for the quarter ended Sept. 30, and had raised the lower end of its annual FFO forecast to $1.79 per share.
(Reporting by Christy Santhosh in Bengaluru; Editing by Shilpi Majumdar)
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