Sunday 11 October 2026 Export all DOC data to Excel Powerpack

Healthpeak Properties, Inc.

DOC Real Estate Reit Healthcare Facilities

Healthpeak Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 4.52% from fiscal 2024. In the quarter to June 2026, revenue grew 11.1%, EPS grew 60.0%, free cash flow fell 30.5% and total debt rose 11.0%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years, operating cash flow growth for five.

18.80 0.28 +1.51%

Follow DOC

Alert me

Market cap: $13.1B
P/E: 53.8×
Fwd P/E: 71.3×
Dividend yield: 8.10%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 0.21

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	1	—	—	—	—	—

Insider Ownership 0.36%

Capital & Financial Ratios $m

Market Cap 13,080.00

Revenue 2,949.81

Net Income 274.84

Free Cash Flow (19.33)

Net Debt 8,313.51

Current Ratio 3.02

Debt/Equity 1.06

P/E ratio 53.80

Fwd P/E 71.30

P/S ratio 4.40

P/B ratio 1.37

Past 5Y EPS Growth (33.52%)

This Y EPS Growth 348.26%

Next Y EPS Growth (50.77%)

Next Y revenue growth 4.23%

Next 5Y EPS Growth 43.05%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 71.74%

10-year low 10-year high

P/S against its own 10 years 8.75%

10-year low 10-year high

P/B against its own 10 years 7.27%

10-year low 10-year high

EV/Sales against its own 10 years 1.40%

10-year low 10-year high

Dividends

Payout Ratio 4.36

Annual Dividend Rate 1.53

Annual Dividend Yield 8.10%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.22	0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10
2025	1.22	0.31 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10
2024	1.43	0.23 0.30 0.30 0.30 0.30
2023	2.12	0.23 0.30 0.23 0.30 0.23 0.30 0.23 0.30
2022	2.12	0.23 0.30 0.23 0.30 0.23 0.30 0.23 0.30
2021	2.12	0.23 0.30 0.23 0.30 0.23 0.30 0.23 0.30
2020	2.40	0.23 0.37 0.23 0.37 0.23 0.37 0.23 0.37
2019	2.40	0.23 0.37 0.23 0.37 0.23 0.37 0.23 0.37
2018	2.40	0.23 0.37 0.23 0.37 0.23 0.37 0.23 0.37
2017	2.39	0.23 0.37 0.23 0.37 0.23 0.37 0.23 0.37
2016	2.76	0.20 0.52 0.20 0.52 0.20 0.52 0.20 0.37

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	169	184	538	1,719
Receivables	56	77	78	72
Inventory	—	—	—	—
Other	—	—	—	—
	443	1,854	2,025	2,052

	2023	2024	2025	Q'26
Payables	657	725	719	679
ST’ Debt	—	—	—	—
Other	—	—	—	—
	657	725	719	679

Compound Annual Growth %

	10y	5y	3y
Sales	3.82%	11.40%	11.05%
Cash Flow	0.24%	10.54%	11.62%
Earnings	0.00%	(29.72%)	(47.87%)
Book Value	(1.78%)	2.24%	4.27%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	753	772	—	—	—
’25	703	694	706	719	2,823
’24	607	696	700	698	2,700
’23	526	545	556	554	2,181
’22	498	518	520	524	2,061
’21	455	476	481	483	1,896
’20	381	409	424	432	1,645

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	261	361	—	—	—
’25	279	363	315	294	1,252
’24	153	316	318	284	1,070
’23	174	298	253	231	956
’22	194	255	244	207	900
’21	123	237	212	224	795
’20	95	225	220	219	758

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(219)	146	—	—	—
’25	76	210	112	(58)	339
’24	74	535	394	112	1,115
’23	100	103	65	82	351
’22	(105)	67	3	(57)	(92)
’21	910	924	(288)	(445)	1,101
’20	285	(108)	14	(90)	101

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.28	0.08	—	—	—
’25	0.06	0.05	(0.17)	0.16	0.10
’24	0.01	0.21	0.12	0.01	0.36
’23	0.22	0.09	0.12	0.13	0.56
’22	0.13	0.13	0.65	0.01	0.92
’21	0.27	0.51	0.10	0.05	0.93
’20	0.54	0.09	(0.12)	0.27	0.77

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	22.87	25.09	21.48	26.80	18.63	28.15	21.41	15.24	16.02	15.71	Analyst estimates 2026–2028 Powerpack
	High	36.82	33.67	30.27	37.93	37.64	37.69	36.85	28.43	23.26	21.28
People
People	Employees	188	190	201	204	217	196	199	193	387	411
	Revenue/emp, $m	11.33	9.73	5.93	6.08	7.58	9.67	10.36	11.30	6.98	6.87
Income, $m
Income, $m	Revenue	2,129	1,848	1,191	1,240	1,645	1,896	2,061	2,181	2,700	2,823
	Gross margin, %	65.32	63.95	68.22	67.33	52.43	59.22	58.13	58.64	60.20	60.00
	EBT	367	410	839	176	218	128	507	315	273	284
	EBT margin, %	17.25	22.20	70.39	14.22	13.23	6.77	24.60	14.44	10.12	10.07
	Net income	640	423	1,073	60	428	526	516	335	267	101
	Depreciation	616	564	579	689	625	599	619	653	966	955
Per share, $
Per share, $	Revenue	4.56	3.94	2.53	2.55	3.10	3.52	3.83	3.99	4.00	4.06
	Earnings	1.34	0.88	2.25	0.09	0.77	0.93	0.92	0.56	0.36	0.10
	Cash flow	2.60	1.81	1.80	1.74	1.43	1.48	1.67	1.75	1.58	1.80
	Capex	(0.52)	0.81	2.37	(4.11)	(1.24)	0.57	(1.84)	(1.11)	0.07	(1.31)
	Free cash flow	2.08	2.62	4.17	(2.37)	0.19	2.04	(0.17)	0.64	1.65	0.49
	Book value	12.72	11.94	13.84	13.71	13.74	13.10	13.33	12.57	13.40	11.70
	Shares, m	467	469	471	486	531	539	539	547	676	696
Valuation, ×
Valuation, ×	P/E	22.22	29.78	12.52	344.70	38.27	38.81	27.35	35.77	57.91	160.80
	P/S	6.53	6.57	7.15	9.60	9.89	10.26	6.65	5.02	5.07	3.97
	P/B	2.34	2.17	2.03	2.57	2.23	2.76	1.91	1.59	1.51	1.37
	EV/Sales	10.79	10.79	10.09	12.91	13.66	13.40	9.74	8.10	8.23	7.26
	EV/FCF	23.59	16.25	9.49	(19.96)	223.30	23.08	(219.14)	50.35	19.94	60.42
Cash, $m
Cash, $m	Operating cash flow	1,214	847	849	846	758	795	900	956	1,070	1,252
	Capex	(241)	380	1,115	(2,001)	(658)	306	(992)	(605)	44	(913)
	Free cash flow	973	1,227	1,963	(1,155)	101	1,101	(92)	351	1,115	339
Balance, $m
Balance, $m	Working capital	573	35	(141)	(128)	(412)	(79)	(217)	(214)	1,129	1,306
	Total debt	9,189	7,880	5,568	6,002	6,298	6,170	6,498	6,876	8,716	9,860
	Net debt	9,053	7,798	5,428	5,908	6,187	5,958	6,371	6,707	8,532	9,322
	Shareholders’ equity	5,941	5,595	6,513	6,667	7,290	7,059	7,183	6,876	9,055	8,143
Returns, %
Returns, %	ROA	3.37	2.77	7.90	0.33	2.75	3.22	3.21	1.93	1.36	0.35
	ROIC	2.96	1.79	1.57	1.43	0.71	1.51	1.59	1.94	1.12	1.86
	ROE	7.99	7.16	17.48	0.67	5.89	7.00	6.99	4.33	3.04	0.82

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VTR Ventas, Inc.	$42.9B	149×	133×	+21.73% (above 0%: growing)	−6.67% (below 0%: shrinking)	+13.60% (above 0%: growing)	95.22%	13.43%	Compare
OHI Omega Healthcare Investors, Inc.	$13.4B	15.7×	22.5×	+16.19% (above 0%: growing)	+163.04% (above 0%: growing)	+710.56% (above 0%: growing)	100.00%	57.45%	Compare
DOC Healthpeak Properties, Inc.	$13.1B	53.8×	71.3×	+11.12% (above 0%: growing)	+60.00% (above 0%: growing)	−30.47% (below 0%: shrinking)	56.83%	16.18%
AHR American Healthcare REIT, Inc.	$11.1B	74.7×	80.1×	+24.29% (above 0%: growing)	+166.67% (above 0%: growing)	+9.53% (above 0%: growing)	20.35%	6.29%	Compare
CTRE CareTrust REIT, Inc.	$8.5B	22.7×	25.4×	+43.46% (above 0%: growing)	+5.56% (above 0%: growing)	+88.99% (above 0%: growing)	98.66%	67.53%	Compare
HR Healthcare Realty Trust Incorporated	$5.9B	— (loss-making)	— (loss-making)	−5.26% (below 0%: shrinking)	n/m	−28.80% (below 0%: shrinking)	64.88%	13.83%	Compare
SBRA Sabra Healthcare REIT, Inc.	$4.8B	72.9×	27.3×	+24.70% (above 0%: growing)	n/m	−666.09% (below 0%: shrinking)	100.00%	(13.59%)	Compare
NHI National Health Investors, Inc.	$3.2B	18.7×	20.2×	+33.81% (above 0%: growing)	+45.57% (above 0%: growing)	+2,585.45% (above 0%: growing)	72.18%	41.09%	Compare
LTC LTC Properties, Inc.	$2.3B	15.5×	18.8×	+64.11% (above 0%: growing)	+72.73% (above 0%: growing)	−213.92% (below 0%: shrinking)	100.00%	31.24%	Compare
Median of peers	$7.2B	22.7×	25.4×	+24.50%	+59.15%	+11.57%	96.94%	22.54%

All 16 Reit Healthcare Facilities stocks →

Healthpeak Properties, Inc. (DOC) key facts

Concern: Net income was $101.0 million, or $0.10 per share (basic), a net margin of 2.50%.
Strength: Healthpeak Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 4.52% from fiscal 2024.
Healthpeak Properties, Inc. (DOC) is a Reit Healthcare Facilities company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 9, 2026, DOC traded at $18.80, a market capitalization of $13.1 billion.
At that price the stock trades at 53.8× trailing-twelve-month earnings and 4.4× sales; its P/E is higher than 72% of its own readings over the past ten years.
Healthpeak Properties, Inc. pays an annual dividend of $1.53 per share, a yield of 8.10%.
Return on equity was 0.82% and debt-to-equity 1.06.
Its Piotroski F-score is 4 out of 9 for fiscal 2025.