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6May 5, 2026·SEC
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Healthpeak Properties, Inc. (DOC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Healthpeak Properties, Inc. (DOC) stock price & volume — 10-year historical chart
Healthpeak Properties, Inc. (DOC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Healthpeak Properties, Inc. (DOC) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.28vs $0.05+430.7% | $739Mvs $695M+6.4% |
| Q1 2026 | Feb 2, 2026 | $0.47vs $0.45+4.4% | $705Mvs $692M+1.9% |
| Q4 2025 | Oct 23, 2025 | $0.46vs $0.45+2.2% | $706Mvs $685M+3.0% |
| Q3 2025 | Jul 24, 2025 | $0.46vs $0.46+0.0% | $694Mvs $702M-1.1% |
Healthpeak Properties, Inc. (DOC) competitors in Diversified healthcare real estate — business model, growth, and fundamentals comparison
Healthpeak Properties, Inc. (DOC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Healthpeak Properties, Inc. (DOC) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.85B | 1.19B | 1.24B | 1.64B | 1.9B | 2.06B | 2.18B | 2.7B | 2.82B | 2.87B |
| Revenue Growth % | -13.19% | -35.55% | 4.11% | 32.62% | 15.28% | 8.7% | 5.81% | 23.82% | 4.52% | 2.71% |
| Property Operating Expenses | 666.25M | 378.66M | 405.24M | 782.54M | 773.28M | 862.99M | 902.06M | 1.07B | 2.19B | 2.26B |
| Net Operating Income (NOI) | 1.18B▲ 0% | 812.66M▼ 31.3% | 835.1M▲ 2.8% | 862.33M▲ 3.3% | 1.12B▲ 30.2% | 1.2B▲ 6.7% | 1.28B▲ 6.7% | 1.63B▲ 27.1% | 634.55M▼ 61.0% | 609.74M▲ 0% |
| NOI Margin % | 63.95% | 68.22% | 67.33% | 52.43% | 59.22% | 58.13% | 58.64% | 60.2% | 22.48% | 21.23% |
| Operating Expenses | 623.5M | 501.38M | 528.16M | 647.19M | 782.59M | 841.6M | 845.03M | 1.15B | 90.42M | 195.09M |
| G&A Expenses | 88.77M | 96.7M | 92.97M | 93.24M | 98.3M | 131.03M | 95.13M | 97.16M | 90.42M | 88.89M |
| EBITDA | 1.09B | 860.78M | 966.93M | 912.29M | 1.02B | 1.07B | 1.18B | 1.53B | 1.6B | 1.61B |
| EBITDA Margin % | 59.15% | 72.25% | 77.96% | 55.46% | 54.03% | 51.77% | 54.28% | 56.6% | 56.79% | 55.91% |
| Depreciation & Amortization | 534.73M | 549.5M | 659.99M | 697.14M | 684.29M | 710.57M | 749.9M | 1.06B | 1.06B | 1.08B |
| D&A / Revenue % | 28.93% | 46.13% | 53.21% | 42.38% | 36.09% | 34.47% | 34.38% | 39.15% | 37.51% | 37.6% |
| Operating Income | 558.63M▲ 0% | 311.28M▼ 44.3% | 306.94M▼ 1.4% | 215.15M▼ 29.9% | 340.32M▲ 58.2% | 356.58M▲ 4.8% | 433.91M▲ 21.7% | 471.22M▲ 8.6% | 544.13M▲ 15.5% | 526.09M▲ 0% |
| Operating Margin % | 30.22% | 26.13% | 24.75% | 13.08% | 17.95% | 17.3% | 19.89% | 17.45% | 19.28% | 18.31% |
| Interest Expense | 307.72M | 261.28M | 217.61M | 218.34M | 157.98M | 172.94M | 200.33M | 280.43M | 305.18M | 4M |
| Interest Coverage | 2.33x | 4.21x | 1.81x | 2.00x | 1.81x | 3.93x | 2.57x | 1.97x | 1.78x | - |
| Non-Operating Income | -159.49M | -788.58M | -86.99M | -220.87M | 53.97M | -323.49M | -81.36M | -82.38M | 0 | -178.26M |
| Pretax Income | 421.3M▲ 0% | 832.82M▲ 97.7% | 169.99M▼ 79.6% | 151.08M▼ 11.1% | 134.47M▼ 11.0% | 509.12M▲ 278.6% | 325.14M▼ 36.1% | 271.65M▼ 16.5% | 110.31M▼ 59.4% | 258.08M▲ 0% |
| Pretax Margin % | 22.79% | 69.91% | 13.71% | 9.19% | 7.09% | 24.7% | 14.91% | 10.06% | 3.91% | 8.98% |
| Income Tax | -1.33M | -4.4M | -5.48M | -9.42M | -3.26M | -4.42M | -9.62M | 4.35M | 9.28M | 7.46M |
| Effective Tax Rate % | -0.32% | -0.53% | -3.22% | -6.24% | -2.43% | -0.87% | -2.96% | 1.6% | 8.42% | 2.89% |
| Net Income | 414.17M▲ 0% | 1.06B▲ 156.2% | 45.53M▼ 95.7% | 413.56M▲ 808.3% | 505.54M▲ 22.2% | 500.45M▼ 1.0% | 306.01M▼ 38.9% | 243.14M▼ 20.5% | 71.35M▼ 70.7% | 222.15M▲ 0% |
| Net Margin % | 22.41% | 89.07% | 3.67% | 25.14% | 26.66% | 24.28% | 14.03% | 9% | 2.53% | 7.73% |
| Net Income Growth % | -34.02% | 156.2% | -95.71% | 808.33% | 22.24% | -1.01% | -38.85% | -20.54% | -70.66% | -20.46% |
| Funds From Operations (FFO) | 948.89M▲ 0% | 1.61B▲ 69.7% | 705.52M▼ 56.2% | 1.11B▲ 57.4% | 1.19B▲ 7.1% | 1.21B▲ 1.8% | 1.06B▼ 12.8% | 1.3B▲ 23.1% | 1.13B▼ 13.1% | 1.3B▲ 0% |
| FFO Margin % | 51.34% | 135.19% | 56.88% | 67.53% | 62.75% | 58.75% | 48.41% | 48.15% | 40.04% | 45.33% |
| FFO Growth % | -20.65% | 69.73% | -56.2% | 57.43% | 7.12% | 1.78% | -12.81% | 23.15% | -13.08% | -1.02% |
| FFO per Share | 2.02 | 3.39 | 1.44 | 2.09 | 2.21 | 2.25 | 1.93 | 1.92 | 1.62 | 1.87 |
| FFO Payout Ratio % | 73.24% | 43.27% | 102.07% | 70.86% | 54.64% | 53.51% | 62.22% | 61.12% | 75.13% | 48.81% |
| EPS (Diluted) | 0.88▲ 0% | 2.24▲ 154.5% | 0.09▼ 96.0% | 0.77▲ 755.6% | 0.93▲ 20.8% | 0.92▼ 1.1% | 0.56▼ 39.1% | 0.36▼ 35.7% | 0.10▼ 72.2% | 0.32▲ 0% |
| EPS Growth % | -34.33% | 154.55% | -95.98% | 755.56% | 20.78% | -1.08% | -39.13% | -35.71% | -72.22% | -20.53% |
| EPS (Basic) | 0.88 | 2.25 | 0.09 | 0.77 | 0.93 | 0.92 | 0.56 | 0.36 | 0.10 | - |
| Diluted Shares Outstanding | 468.94M | 475.39M | 489.33M | 531.06M | 539.24M | 539.15M | 547.27M | 676.23M | 696.04M | 695.17M |
Healthpeak Properties, Inc. (DOC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 4.16B | 4.14B | 14.03B | 15.92B | 15.26B | 15.77B | 15.7B | 19.94B | 20.34B | 21.62B |
| Asset Growth % | 44.19% | -0.52% | 238.73% | 13.45% | -4.16% | 3.37% | -0.46% | 27% | 1.99% | 7.31% |
| Real Estate & Other Assets | -7.16B | -6.66B | 8.77B | 11.78B | 13.34B | 13.8B | 13.8B | 16.77B | -802.6M | -17.37B |
| PP&E (Net) | 10.73B | 10.21B | 167.32M | 192.35M | 233.94M | 237.32M | 240.16M | 424.17M | 412.2M | 395.93M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 88.89M | 83.7M | 3.98B | 2.98B | 713.43M | 604.97M | 561.28M | 986.14M | 1.07B | 1.8B |
| Cash & Equivalents | 2.73M | 19.16M | 80.4M | 44.23M | 158.29M | 72.03M | 117.64M | 119.82M | 537.7M | 1.17B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 443.91M | 137.14M | 3.66B | 2.69B | 90.64M | 104.67M | 169.37M | 72.33M | -148.57M | 0 |
| Intangible Assets | 458.71M | 452.38M | 260.2M | 519.92M | 519.76M | 418.06M | 314.16M | 817.25M | 654.52M | 758.5M |
| Total Liabilities | 1.6B | 1.67B | 7.37B | 8.57B | 8.11B | 8.48B | 8.77B | 10.88B | 12.03B | 12.56B |
| Total Debt | 1.48B | 1.53B | 6.15B | 6.48B | 6.37B | 6.71B | 7.08B | 9.02B | 10.44B | 10.71B |
| Net Debt | 1.47B | 1.51B | 6.07B | 6.43B | 6.22B | 6.63B | 6.97B | 8.9B | 9.9B | 9.54B |
| Long-Term Debt | 7.88B | 5.56B | 5.91B | 6.17B | 5B | 5.5B | 6.16B | 8.57B | 10.14B | 10.42B |
| Short-Term Borrowings | 3.51M | 3.56M | 93M | 129.59M | 1.17B | 995.61M | 720M | 150M | 0 | 0 |
| Capital Lease Obligations | 52.58M | 0 | 152.4M | 179.9M | 204.55M | 208.51M | 206.74M | 307.22M | 296.26M | 1.2B |
| Total Current Liabilities | 435.63M | 581.38M | 954.22M | 1.31B | 1.94B | 1.77B | 1.38B | 875.34M | 985.31M | 1.01B |
| Accounts Payable | 0 | 0 | 457.53M | 269.14M | 227.64M | 265.6M | 240.26M | 275.97M | 718.51M | 0 |
| Deferred Revenue | 36.55M | 21.04M | 274.55M | 774.32M | 789.21M | 844.08M | 905.63M | 940.14M | 985.31M | 1.01B |
| Other Liabilities | -6.91B | 168.8M | 74.99M | 144.2M | 177.23M | 156.19M | 127.38M | 191.88M | -377.46M | 11.55B |
| Total Equity | 2.56B▲ 0% | 2.47B▼ 3.4% | 6.67B▲ 169.7% | 7.35B▲ 10.2% | 7.15B▼ 2.7% | 7.29B▲ 2.0% | 6.92B▼ 5.0% | 9.06B▲ 30.8% | 8.3B▼ 8.3% | 9.03B▲ 0% |
| Equity Growth % | 41.53% | -3.42% | 169.68% | 10.2% | -2.74% | 1.99% | -4.99% | 30.8% | -8.34% | -25.4% |
| Shareholders Equity | 2.47B | 2.38B | 6.09B | 6.73B | 6.52B | 6.65B | 6.35B | 8.4B | 7.5B | 7.83B |
| Minority Interest | 86.81M | 92.9M | 582.42M | 613.62M | 630.63M | 633.58M | 574.42M | 656.35M | 802.36M | 1.23B |
| Common Stock | 1.81M | 1.82M | 505.22M | 538.4M | 539.1M | 546.64M | 547.16M | 699.49M | 695.04M | 695.26M |
| Additional Paid-in Capital | 8.23B | 8.4B | 9.18B | 10.18B | 10.1B | 10.35B | 10.41B | 12.85B | 12.77B | 13.1B |
| Retained Earnings | -315.42M | -428.31M | -3.6B | -3.98B | -4.12B | -4.27B | 0 | -5.17B | -5.95B | -5.97B |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 11.75% | 25.55% | 0.5% | 2.76% | 3.24% | 3.23% | 1.94% | 1.36% | 0.35% | 1.09% |
| Return on Equity (ROE) | 18.96% | 42.17% | 1% | 5.9% | 6.98% | 6.93% | 4.31% | 3.04% | 0.82% | 2.6% |
| Debt / Assets | 35.48% | 37% | 43.86% | 40.69% | 41.78% | 42.52% | 45.12% | 45.26% | 51.34% | 49.56% |
| Debt / Equity | 0.58x | 0.62x | 0.92x | 0.88x | 0.89x | 0.92x | 1.02x | 1.00x | 1.26x | 1.26x |
| Net Debt / EBITDA | 1.35x | 1.76x | 6.28x | 7.05x | 6.07x | 6.22x | 5.88x | 5.83x | 6.18x | 6.18x |
| Book Value per Share | 5.46 | 5.20 | 13.63 | 13.84 | 13.25 | 13.52 | 12.65 | 13.39 | 11.93 | 12.99 |
Healthpeak Properties, Inc. (DOC) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 847.04M | 848.71M | 846.07M | 758.43M | 795.25M | 900.26M | 956.24M | 1.07B | 1.28B | 1.28B |
| Operating CF Growth % | -30.23% | 0.2% | -0.31% | -10.36% | 4.85% | 13.21% | 6.22% | 11.95% | 19.61% | 13.05% |
| Operating CF / Revenue % | 45.83% | 71.24% | 68.21% | 46.11% | 41.94% | 43.68% | 43.84% | 39.64% | 45.37% | 44.58% |
| Net Income | 422.63M | 1.07B | 60.06M | 428.25M | 525.93M | 516.42M | 334.76M | 267.3M | 70.51M | 222.15M |
| Depreciation & Amortization | 534.73M | 549.5M | 659.99M | 697.14M | 684.29M | 710.57M | 749.9M | 1.06B | 1.06B | 1.07B |
| Stock-Based Compensation | 14.26M | 16.56M | 18.16M | 17.37M | 18.2M | 26.46M | 14.48M | 31.77M | 0 | 10.29M |
| Other Non-Cash Items | -99.09M | -818.61M | 104.23M | -478.54M | -453.77M | -466.05M | -211.24M | -328.86M | 45.34M | -199.19M |
| Working Capital Changes | -19.96M | 46.31M | 21.89M | 108.78M | 26.39M | 118.86M | 82.94M | 44.77M | 105.75M | 122.25M |
| Cash from Investing | 1.25B | 1.83B | -1.45B | -1.01B | 531.03M | -876.34M | -576.75M | -113.8M | -1.05B | -1.45B |
| Acquisitions (Net) | 415.91M | 717.5M | 429.69M | -39.12M | -25.26M | 104.84M | -88.39M | -115.16M | 13.12M | -43.9M |
| Purchase of Investments | 0 | 0 | 0 | -394.18M | 0 | 0 | 0 | 0 | -1.44B | -690.63M |
| Sale of Investments | 558.77M | 148.02M | 274.15M | 202.76M | 0 | 0 | 0 | 0 | 486.02M | 329.25M |
| Other Investing | 271.58M | 963.75M | -2.15B | -777.17M | 556.29M | -981.18M | -488.36M | 1.36M | 20.04M | -985.22M |
| Cash from Financing | -2.15B | -2.62B | 647.27M | 246.45M | -1.29B | -116.53M | -337.3M | -941.42M | 122.99M | 1.34B |
| Dividends Paid | -694.96M | -696.91M | -720.12M | -787.07M | -650.08M | -648.05M | -657.02M | -794.78M | -849.1M | -635.62M |
| Common Dividends | -694.96M | -696.91M | -720.12M | -787.07M | -650.08M | -648.05M | -657.02M | -794.78M | -849.1M | -635.62M |
| Debt Issuance (Net) | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 3M |
| Share Repurchases | -4.79M | -3.43M | -5.04M | -10.53M | -12.84M | -67.84M | -6.52M | -190.69M | -97.14M | -72.19M |
| Other Financing | -13.79M | -757.41M | -76.82M | -87.82M | -329.62M | -33.33M | -52.12M | -109.48M | -40.6M | 1.09B |
| Net Change in Cash | -54.79M▲ 0% | 57.64M▲ 205.2% | 44.81M▼ 22.3% | -2.97M▼ 106.6% | 37.76M▲ 1370.6% | -92.61M▼ 345.3% | 42.19M▲ 145.6% | 15.28M▼ 63.8% | 353.4M▲ 2212.5% | 1.13B▲ 0% |
| Exchange Rate Effect | 376K | 191K | 245K | -153K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 136.99M | 82.2M | 139.85M | 184.66M | 181.69M | 219.45M | 126.83M | 169.02M | 184.31M | 537.7M |
| Cash at End | 82.2M | 61.15M | 184.66M | 181.69M | 219.45M | 126.83M | 169.02M | 184.31M | 537.7M | 1.27B |
| Free Cash Flow | 847.04M▲ 0% | 848.71M▲ 0.2% | 846.07M▼ 0.3% | 758.43M▼ 10.4% | 795.25M▲ 4.9% | 900.26M▲ 13.2% | 956.24M▲ 6.2% | 1.07B▲ 11.9% | 1.15B▲ 7.1% | 1.15B▲ 0% |
| FCF Growth % | -30.23% | 0.2% | -0.31% | -10.36% | 4.85% | 13.21% | 6.22% | 11.95% | 7.1% | -3.61% |
| FCF / Revenue % | 45.83% | 71.24% | 68.21% | 46.11% | 41.94% | 43.68% | 43.84% | 39.64% | 40.62% | 40.18% |
Healthpeak Properties, Inc. (DOC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 2.02 | 3.39 | 1.44 | 2.09 | 2.21 | 2.25 | 1.93 | 1.92 | 1.62 | 1.87 |
| FFO Payout Ratio | 73.24% | 43.27% | 102.07% | 70.86% | 54.64% | 53.51% | 62.22% | 61.12% | 75.13% | 48.81% |
| NOI Margin | 63.95% | 68.22% | 67.33% | 52.43% | 59.22% | 58.13% | 58.64% | 60.2% | 22.48% | 21.23% |
| Net Debt / EBITDA | 1.35x | 1.76x | 6.28x | 7.05x | 6.07x | 6.22x | 5.88x | 5.83x | 6.18x | 6.18x |
| Debt / Assets | 35.48% | 37% | 43.86% | 40.69% | 41.78% | 42.52% | 45.12% | 45.26% | 51.34% | 49.56% |
| Interest Coverage | 2.33x | 4.21x | 1.81x | 2.00x | 1.81x | 3.93x | 2.57x | 1.97x | 1.78x | - |
| Book Value / Share | 5.46 | 5.2 | 13.63 | 13.84 | 13.25 | 13.52 | 12.65 | 13.39 | 11.93 | 12.99 |
| Revenue Growth | -13.19% | -35.55% | 4.11% | 32.62% | 15.28% | 8.7% | 5.81% | 23.82% | 4.52% | 2.71% |
Healthpeak Properties, Inc. (DOC) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 5, 2026·SEC
May 4, 2026·SEC
Mar 23, 2026·SEC
Healthpeak Properties, Inc. (DOC) stock FAQ — growth, dividends, profitability & financials explained
Healthpeak Properties, Inc. (DOC) reported $2.87B in revenue for fiscal year 2025. This represents a 70% increase from $1.69B in 2011.
Healthpeak Properties, Inc. (DOC) grew revenue by 4.5% over the past year. Growth has been modest.
Yes, Healthpeak Properties, Inc. (DOC) is profitable, generating $222.2M in net income for fiscal year 2025 (2.5% net margin).
Yes, Healthpeak Properties, Inc. (DOC) pays a dividend with a yield of 6.26%. This makes it attractive for income-focused investors.
Healthpeak Properties, Inc. (DOC) has a return on equity (ROE) of 0.8%. This is below average, suggesting room for improvement.
Healthpeak Properties, Inc. (DOC) generated Funds From Operations (FFO) of $1.30B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Healthpeak Properties, Inc. (DOC) offers a 6.26% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Healthpeak Properties, Inc. (DOC) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates