Healthpeak Properties Inc

DOC has entered a Stage 2 advance following a decisive mid-May momentum breakout, with rising EMAs and higher highs driving the trend. An active Lockout Rally indicates urgency and forced institutional participation, sustaining the rally despite extreme overbought readings. Medium-term bias remains bullish, and the Lockout Rally override prioritizes immediate participation. We recommend buying now into the ongoing breakout to capture further momentum extension.

• ↑Outpatient and life sciences now exceed 50% of income, supporting guidance of $1.81–$1.87 FFO/share.
• ↑Senior housing revenue rose 35% YoY; life sciences occupancy at 77.7% and improving.
• ↓Lab portfolio occupancy down; Janus Living integration delays may push FFO growth out.