Healthpeak Properties, Inc. (DOC) vs Healthcare Realty Trust Incorporated (HR)

Healthpeak Properties, Inc. and Healthcare Realty Trust Incorporated are both Reit Healthcare Facilities companies. Healthpeak Properties, Inc. is the larger, with a market value of $14.4B against $6.1B — 2.4× the size. Healthcare Realty Trust Incorporated has negative trailing earnings, so its P/E is not meaningful; Healthpeak Properties, Inc. trades at 58.0×. Healthpeak Properties, Inc. grew revenue faster over the last twelve months: 5.52% against −6.28%. Healthpeak Properties, Inc. has the higher net margin (8.23% vs −7.59%) and the lower return on invested capital (1.71% vs 1.87%). Both pay a dividend; Healthcare Realty Trust Incorporated yields more (7.96% vs 6.75%). Across the 21 metrics below, Healthcare Realty Trust Incorporated leads on 13 and Healthpeak Properties, Inc. on 8.

Valuation

Metric DOC HR Reit Healthcare Facilities median
P/E 58.03 n/m 23.53
P/S 4.75 5.40 5.39
P/B 1.48 1.45 1.88
Price to free cash flow n/m 4.37 17.82
EV/EBITDA 15.07 9.31 15.62
EV/Sales 7.57 5.44 8.52
Earnings yield 1.72% (1.44%) 2.66%
Free cash flow yield (0.14%) 22.87% 3.37%

Profitability

Metric DOC HR Reit Healthcare Facilities median
Gross margin 58.07% 62.09% 92.10%
Operating margin 16.49% 11.29% 21.06%
Net margin 8.23% (7.59%) 10.19%
Free cash flow margin (0.66%) 123.42% 7.91%
Return on equity 2.69% (1.90%) 4.06%
Return on assets 1.17% (0.90%) 2.10%
Return on invested capital 1.71% 1.87% 1.96%

Growth

Metric DOC HR Reit Healthcare Facilities median
Revenue growth (TTM) 5.52% (6.28%) 15.71%
EPS growth (last fiscal year) (72.22%) 60.77% —
Revenue growth, 5-year CAGR 11.40% 18.76% 9.60%
Net income growth, 5-year CAGR (29.72%) 0.00% 0.00%

Health

Metric DOC HR Reit Healthcare Facilities median
Debt to equity 1.06 0.02 0.84
Current ratio 3.02 0.00 3.05
Net debt to EBITDA 6.32 0.07 5.50

Dividend

Metric DOC HR Reit Healthcare Facilities median
Dividend yield 6.75% 7.96% 7.11%
Payout ratio 1.22 3.08 2.85

Size

Metric DOC HR Reit Healthcare Facilities median
Market cap 14.40b 6.11b 4.18b

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