• Healthpeak Properties average gross margin for 2023 was 58.3%, a 0.24% increase from 2022.
• Healthpeak Properties average gross margin for 2022 was 58.44%, a 0.27% decline from 2021.
• Healthpeak Properties average gross margin for 2021 was 58.6%, a 9.86% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.