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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.

19.03 0.09 +0.48%

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Market cap: $13.4B
P/E: 54.5×
Fwd P/E: 40.2×
Dividend yield: 7.46%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	22.22	29.78	12.52	344.70	38.27	38.81	27.35	35.77	57.91	160.80
Piotroski F-Score Full definition →	6	4	5	5	6	8	5	5	6	4
P/S ratio Full definition →	6.53	6.57	7.15	9.60	9.89	10.26	6.65	5.02	5.07	3.97
P/FCF ratio Full definition →	14.29	9.90	6.73	0.00	161.80	17.67	0.00	31.23	12.29	32.98
P/Operating CF Full definition →	64.56	58.07	61.22	78.79	74.42	86.86	66.23	47.38	48.31	38.06
P/B ratio Full definition →	2.34	2.17	2.03	2.57	2.23	2.76	1.91	1.59	1.51	1.37
Price to Tangible BV Full definition →	2.55	2.34	2.13	2.67	2.40	2.97	2.03	1.67	1.68	1.51
EV/Sales Full definition →	10.79	10.79	10.09	12.91	13.66	13.40	9.74	8.10	8.23	7.26
EV/EBITDA Full definition →	17.33	21.04	18.49	24.62	28.82	27.79	20.84	16.43	17.34	13.90
EV/Operating CF Full definition →	18.92	23.55	21.96	27.24	29.62	31.95	22.30	18.47	20.76	16.38
EV/FCF Full definition →	23.59	16.25	9.49	(19.96)	223.30	23.08	(219.14)	50.35	19.94	60.42
Quick Ratio Full definition →	0.44	0.31	0.48	0.30	0.20	0.34	0.23	0.34	0.36	0.86
Current Ratio Full definition →	2.37	1.09	0.64	0.72	0.46	0.90	0.72	0.67	2.56	2.82
Net Debt/EBITDA Full definition →	6.83	8.23	6.18	6.05	7.94	6.52	6.61	6.24	6.66	6.32
Debt/Assets Full definition →	58.31%	55.94%	43.78%	42.77%	39.56%	40.44%	41.20%	43.80%	43.72%	48.48%
Debt/Equity Full definition →	1.55	1.41	0.85	0.90	0.86	0.87	0.90	1.00	0.96	1.21
Asset Turnover Full definition →	0.11	0.12	0.09	0.09	0.11	0.12	0.13	0.14	0.15	0.14
Operating CF/Net income Full definition →	1.94	2.05	0.80	19.23	1.84	1.58	1.81	3.14	4.42	17.76
Capex/Depreciation Full definition →	(0.39)	0.67	1.93	(2.90)	(1.05)	0.51	(1.60)	(0.93)	0.05	(0.96)
Interest Coverage Full definition →	1.53	1.25	1.15	1.32	0.70	2.00	1.99	2.11	1.13	1.70
ROE Full definition →	7.99%	7.16%	17.48%	0.67%	5.89%	7.00%	6.99%	4.33%	3.04%	0.82%
ROA Full definition →	3.37%	2.77%	7.90%	0.33%	2.75%	3.22%	3.21%	1.93%	1.36%	0.35%
ROIC Full definition →	2.96%	1.79%	1.57%	1.43%	0.71%	1.51%	1.59%	1.94%	1.12%	1.86%
Return on Tangible Assets Full definition →	5.27%	3.84%	10.51%	0.54%	3.84%	3.99%	3.89%	2.37%	1.43%	0.41%
Average Days of Receivables Full definition →	7.73	8.04	14.76	13.20	9.38	9.37	9.46	9.34	10.38	10.13
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	4.87%	4.80%	8.12%	7.50%	5.67%	5.18%	6.36%	4.36%	3.60%	3.20%
Intangible Assets out of Total Assets Full definition →	0.03	0.03	0.02	0.02	0.03	0.03	0.03	0.02	0.04	0.04
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	1.06%	0.96%	1.28%	0.66%	0.58%	0.51%
Graham Net Nets Full definition →	(0.63)	(0.66)	(0.45)	(0.41)	(0.51)	(0.39)	(0.59)	(0.76)	(0.66)	(0.98)
Graham Number Full definition →	19.58	15.29	26.28	5.49	15.51	16.56	16.70	12.59	10.27	5.13
Earnings Yield Full definition →	4.50%	3.36%	7.98%	0.29%	2.61%	2.58%	3.66%	2.80%	1.73%	0.62%
Free Cash Flow Yield Full definition →	7.00%	10.10%	14.86%	(6.74%)	0.62%	5.66%	(0.67%)	3.20%	8.14%	3.03%
Revenue per Share Full definition →	4.56	3.94	2.53	2.55	3.10	3.52	3.83	3.99	4.00	4.06
Operating CF per Share Full definition →	2.60	1.81	1.80	1.74	1.43	1.48	1.67	1.75	1.58	1.80
Capex per Share Full definition →	(0.52)	0.81	2.37	(4.11)	(1.24)	0.57	(1.84)	(1.11)	0.07	(1.31)
Free Cash Flow per Share Full definition →	2.08	2.62	4.17	(2.37)	0.19	2.04	(0.17)	0.64	1.65	0.49
Cash per Share Full definition →	0.29	0.18	0.30	0.19	0.21	0.39	0.24	0.31	0.27	0.77
Shareholders Equity per Share Full definition →	12.72	11.94	13.84	13.71	13.74	13.10	13.33	12.57	13.40	11.70
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	12.72	11.94	13.84	13.71	13.74	13.10	13.33	12.57	13.40	11.70
Free Cash Flow Full definition →	973.40	1,227.13	1,963.46	(1,154.66)	100.59	1,100.79	(91.62)	350.84	1,114.76	339.32
Working Capital Full definition →	572.70	34.52	(140.57)	(128.33)	(411.54)	(79.14)	(217.38)	(213.90)	1,128.50	1,306.14
Capital Expenditures Full definition →	(240.73)	380.09	1,114.75	(2,000.73)	(657.84)	305.54	(991.88)	(605.40)	44.27	(912.63)
Net Current Asset Value Full definition →	(8,827.90)	(8,057.26)	(5,954.95)	(7,036.21)	(8,281.06)	(7,522.52)	(8,033.53)	(8,379.51)	(9,029.39)	(10,168.50)
EV/EBIT Full definition →	32.38	51.90	43.41	93.36	145.95	80.58	58.24	41.86	70.44	39.47
Capex to Sales Full definition →	0.11	(0.21)	(0.94)	1.61	0.40	(0.16)	0.48	0.28	(0.02)	0.32
Price to Operating Income Full definition →	19.61	31.61	30.76	69.42	105.75	61.68	39.76	25.96	43.40	21.54
Other line items
Depreciation/Fixed assets Full definition →	0.05	0.05	0.06	0.08	0.06	0.05	0.05	0.05	0.06	0.06
Cash ROIC Full definition →	6.38%	9.05%	16.07%	(9.05%)	0.73%	8.19%	(0.66%)	2.52%	6.21%	1.83%
Accounts Receivable Turnover Full definition →	45.28	43.06	26.80	26.67	37.77	41.69	40.37	39.92	40.72	36.39
Accounts Payable Turnover Full definition →	1.74	1.63	0.95	0.95	1.28	1.02	1.13	1.26	1.55	1.56
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	206.31	220.09	377.46	412.10	354.77	356.55	326.72	265.92	246.31	232.27
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	47.02	42.92	44.45	46.51	43.56	45.48	51.06	54.63	66.32	77.57
Average Payables Full definition →	424.07	409.55	396.66	424.56	609.07	758.00	763.93	714.84	691.27	721.93
Average Assets Full definition →	18,604.56	14,923.86	13,403.51	13,375.72	14,976.49	15,588.81	15,514.38	15,735.04	17,818.56	20,137.14
Average Common Equity Full definition →	7,843.81	5,768.12	6,053.76	6,590.03	6,978.71	7,174.36	7,120.68	7,029.32	7,965.53	8,598.94

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