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Healthpeak Properties

(NYSE) DOC

Current Price$22.53
Market Cap$15.52BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1985)+7,392%
5 Year-16%
1 Year+31%
1 Month+16%
Healthpeak Properties last closing stock price
MetricPriceDate
Last closeUSD 22.512026-07-17
Healthpeak Properties stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+3.97%USD 21.652026-07-10
1 month+16.03%USD 19.402026-06-17
3 month+30.92%USD 17.192026-04-17
Year to date+44.84%USD 15.542025-12-31
1 year+31.31%USD 17.142025-07-17
3 year+30.7%USD 17.222023-07-18
5 year-16.41%USD 26.932021-07-16
Since inception+7,392.04%USD 0.301985-05-23

Healthpeak Properties Financials at a Glance

Market Cap

$15.52BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$2.87B

Net Income (TTM)

$222.15M

EPS (TTM)

$0.32

P/E Ratio

70.61

Dividend

$1.22

Beta (Volatility)

0.68 (Low)

Price

$22.53

Volume

7,028,477.766

Open

$22.40

Previous Close

$22.51

Daily Range

$22.27 - $22.62

52-Week Range

$15.70 - $22.62

Estimated Earnings Date

Aug 4, 2026

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About Healthpeak Properties

Healthpeak Properties helps doctors and scientists find space to work. The company rents out specialized buildings for medical offices and research labs. These properties provide essential spaces for healthcare services and drug discovery.

What Healthpeak Builds and Manages

  • Outpatient medical: Rents offices and clinics to doctors and hospital systems; represents 52% of total segment Adjusted Net Operating Income (NOI).
  • Lab: Provides high-tech research space for pharmaceutical and biotechnology firms; accounts for 37% of total segment Adjusted NOI.
  • Senior housing: Manages retirement communities and specialized care facilities for elderly residents; generates 11% of total segment Adjusted NOI.
  • Other investments: Includes loans and property ventures not part of the main healthcare categories.

Recent Growth and Strategic Shifts

  • Completed a merger with Physicians Realty Trust on March 1, 2024, acquiring 299 new medical buildings.
  • Submitted a plan in December 2025 to launch Janus Living as a separate public company for senior housing.
  • Acquired the remaining 46.5% interest in the SWF SH JV in January 2026 to gain full ownership of 19 properties.
  • Purchased the Gateway Crossing property to expand its presence in the life science market.

What Makes the Company Stand Out

Healthpeak links its success to major hospital systems and academic hubs through physical adjacency. This strategy ensures a steady flow of professional tenants who require specialized building features for medical equipment and research.

Financial Highlights

  • Net income reached $114 million in Q4 2025, up 2406.4% from $4.5 million in Q4 2024.
  • Operating income grew to $145.8 million in Q4 2025, a 19% increase year-over-year.
  • Revenue rose to $719.4 million in Q4 2025, up 3.1% from the previous year.
  • Operating cash flow reached $299.8 million in Q4 2025, up 5.8% from Q4 2024.
  • Free cash flow hit $242 million in Q4 2025, down 14.6% year-over-year.

Bottom Line

Healthpeak has shifted its focus toward outpatient medical and lab spaces while preparing to spin off its senior housing assets. This evolution streamlines its operations around the discovery and delivery of healthcare services.

AI Generated • Apr 20, 2026

Industry

Health Care REITs

Employees

411

CEO

Scott M. Brinker, MBA

Headquarters

Denver, CO 80237, US

DOC Financials

Key Financial Metrics (TTM)

Gross Margin

1.89%

Operating Margin

18.31%

Net Income Margin

7.73%

Return on Equity

2.88%

Return on Capital

3.03%

Return on Assets

1.03%

Earnings Yield

1.42%

Dividend Yield

5.42%

Payout Ratio

3.82%

Stock Overview

Market Cap

$15.52BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

689.42M

Volume

7.03M

Avg. Volume

8.55M

Financials (TTM)

Gross Profit

$54.43M

Operating Income

$526.09M

EBITDA

$1.78B

Operating Cash Flow

$1.23B

Capital Expenditure

-$51.22M

Free Cash Flow

$1.18B

Cash & ST Invst.

$1.17B

Total Debt

$10.71B

Healthpeak Properties Performance Analysis

Healthpeak Properties annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 2,061,178,0008.7%
20232023-12-31USD 2,181,003,0005.8%
20242024-12-31USD 2,700,449,00023.8%
20252025-12-31USD 2,822,512,0004.5%
Healthpeak Properties sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-1.2%
Q32025-09-301.7%
Q42025-12-311.9%
Q12026-03-314.7%
Healthpeak Properties annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 0.92467.0%
20232023-12-31USD 0.56-39.6%
20242024-12-31USD 0.36-35.5%
20252025-12-31USD 0.10-71.8%
Healthpeak Properties sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-25.1%
Q32025-09-30-474.4%
Q42025-12-31194.1%
Q12026-03-3175.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$752.95M

+7.1%

Gross Profit

-$150.38M

-135.0%

Gross Margin

-19.97%

N/A

Market Cap

$15.52BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$37.76M

N/A

Employees

411

N/A

Net Income

$193.63M

+352.1%

EBITDA

$576.94M

+45.9%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$1.17B

+1558.0%

Total Debt

$10.71B

+16.7%

Accounts Receivable

$631.65M

-43.4%

Inventory

$0.00

N/A

Long Term Debt

$9.82B

+8.9%

Short Term Debt

$892.77M

+444.4%

Return on Assets

1.03%

N/A

Return on Invested Capital

2.54%

N/A

Free Cash Flow

$236.93M

-15.2%

Operating Cash Flow

$260.88M

-6.6%

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Questions About DOC

What is the current price of Healthpeak Properties?

Healthpeak Properties is trading at $22.51 per share.

What is the 52-week range for Healthpeak Properties?

Over the past 52 weeks, Healthpeak Properties has traded between $15.70 and $22.62.

How much debt does Healthpeak Properties have?

As of the most recent reporting period, Healthpeak Properties reported total debt of $10.71B.

How much cash does Healthpeak Properties have on hand?

Healthpeak Properties reported $1.27B in cash and cash equivalents in its most recent financial results.

What is Healthpeak Properties’s dividend yield?

Healthpeak Properties currently has a dividend yield of 5.42%.

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