Healthpeak Properties, Inc. (DOC) vs Omega Healthcare Investors, Inc. (OHI)

Healthpeak Properties, Inc. and Omega Healthcare Investors, Inc. are both Reit Healthcare Facilities companies. Healthpeak Properties, Inc. and Omega Healthcare Investors, Inc. are of similar size ($14.4B and $14.0B). Omega Healthcare Investors, Inc. trades at the lower P/E: 16.4× against 58.0×. Omega Healthcare Investors, Inc. grew revenue faster over the last twelve months: 15.0% against 5.52%. Omega Healthcare Investors, Inc. has the higher net margin (68.5% vs 8.23%) and the higher return on invested capital (9.08% vs 1.71%). Both pay a dividend; Omega Healthcare Investors, Inc. yields more (8.96% vs 6.75%). Across the 22 metrics below, Omega Healthcare Investors, Inc. leads on 18 and Healthpeak Properties, Inc. on 4.

Valuation

Metric DOC OHI Reit Healthcare Facilities median
P/E 58.03 16.37 23.53
P/S 4.75 10.80 5.39
P/B 1.48 2.45 1.88
Price to free cash flow n/m 16.64 17.82
EV/EBITDA 15.07 12.09 15.62
EV/Sales 7.57 10.66 8.52
Earnings yield 1.72% 6.11% 2.66%
Free cash flow yield (0.14%) 6.01% 3.37%

Profitability

Metric DOC OHI Reit Healthcare Facilities median
Gross margin 58.07% 100.00% 92.10%
Operating margin 16.49% 61.94% 21.06%
Net margin 8.23% 68.52% 10.19%
Free cash flow margin (0.66%) 64.92% 7.91%
Return on equity 2.69% 16.22% 4.06%
Return on assets 1.17% 8.54% 2.10%
Return on invested capital 1.71% 9.08% 1.96%

Growth

Metric DOC OHI Reit Healthcare Facilities median
Revenue growth (TTM) 5.52% 15.02% 15.71%
EPS growth (last fiscal year) (72.22%) 25.16% —
Revenue growth, 5-year CAGR 11.40% 5.93% 9.60%
Net income growth, 5-year CAGR (29.72%) 29.99% 0.00%

Health

Metric DOC OHI Reit Healthcare Facilities median
Debt to equity 1.06 0.00 0.84
Current ratio 3.02 6.03 3.05
Net debt to EBITDA 6.32 4.03 5.50

Dividend

Metric DOC OHI Reit Healthcare Facilities median
Dividend yield 6.75% 8.96% 7.11%
Payout ratio 1.22 2.60 2.85

Size

Metric DOC OHI Reit Healthcare Facilities median
Market cap 14.40b 14.04b 4.18b

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