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%
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

Healthpeak Properties, Inc. (DOC) EV/EBITDA

Alert me on EV/EBITDA

As of 30 October 2026, Healthpeak Properties, Inc. (DOC) trades at a EV/EBITDA of 14.5×. Over the past ten years it has ranged from 13.7× (December 2025) to 44.9× (October 2015); the current reading is higher than 6% of that period. That is below the Reit Healthcare Facilities industry median of 15.5× and below the Real Estate sector median of 15.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 13.9× (19.81%)
FY2024 17.3× 5.50%
FY2023 16.4× (21.14%)
FY2022 20.8× (25.00%)
FY2021 27.8× (3.60%)
FY2020 28.8× 17.06%
FY2019 24.6× 33.18%
FY2018 18.5× (12.13%)
FY2017 21.0× 21.42%
FY2016 17.3× (25.62%)

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 15.6× 10.23%
Mar 2026 14.1× 1.62%
Dec 2025 13.9× (9.25%)
Sep 2025 15.3× 5.75%
42 more quarters

Against its own ten years

Low 13.7× High 44.9×
Ten-year median 20.2×
Current reading's percentile 6

EV/EBITDA against peers

Company EV/EBITDA
HR Healthcare Realty Trust Incorporated compare 9.5×
OHI Omega Healthcare Investors, Inc. compare 12.3×
DOC Healthpeak Properties, Inc. 14.5×
NHI National Health Investors, Inc. compare 15.2×
LTC LTC Properties, Inc. compare 16.5×
CTRE CareTrust REIT, Inc. compare 19.3×
SBRA Sabra Healthcare REIT, Inc. compare 20.1×
VTR Ventas, Inc. compare 22.5×
AHR American Healthcare REIT, Inc. compare 26.3×
Reit Healthcare Facilities industry median 15.5×
Real Estate sector median 15.4×
Market median 11.2×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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