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) Gross margin

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Healthpeak Properties, Inc.'s gross margin over the twelve months to 30 June 2026 was 58.1%, down 1.9 percentage points from fiscal 2025 (60.0%). Over the past ten years it has ranged from 52.4% (fiscal 2020) to 68.5% (fiscal 2015); the current reading is higher than 45% of that period. That is below the Reit Healthcare Facilities industry median of 89.9% and below the Real Estate sector median of 66.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 60.0% (0.20)
FY2024 60.2% 1.56
FY2023 58.6% 0.51
FY2022 58.1% (1.09)
FY2021 59.2% 6.79
FY2020 52.4% (14.90)
FY2019 67.3% (0.89)
FY2018 68.2% 4.27
FY2017 64.0% (1.37)
FY2016 65.3% (3.21)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 56.8% (0.16)
Mar 2026 57.0% (3.00)
Dec 2025 60.0% 1.35
Sep 2025 58.6% (1.58)
42 more quarters

Against its own ten years

Low 52.4% High 68.5%
Ten-year median 60.2%
Current reading's percentile 21

Gross margin against peers

Company Gross margin
SBRA Sabra Healthcare REIT, Inc. compare 100.0%
OHI Omega Healthcare Investors, Inc. compare 100.0%
LTC LTC Properties, Inc. compare 100.0%
CTRE CareTrust REIT, Inc. compare 98.4%
VTR Ventas, Inc. compare 94.8%
NHI National Health Investors, Inc. compare 76.5%
HR Healthcare Realty Trust Incorporated compare 62.1%
DOC Healthpeak Properties, Inc. 58.1%
AHR American Healthcare REIT, Inc. compare 19.2%
Reit Healthcare Facilities industry median 89.9%
Real Estate sector median 66.9%
Market median 47.0%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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