Zacks Investment Research·Jun 26, 2026
Healthpeak Properties Gains 28% in 3 Months: Will the Trend Last?DOC surges 28% in three months as leasing, occupancy gains and Janus Living growth support its shift toward labs and outpatient assets.
Healthpeak Properties, Inc.(DOC)Earnings, Financials & Key Ratios
DOC•NYSE•REIT / Real Estate
$21.75
217.5× P/E·Price updated Jul 6, 2026
AboutHealthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.Show more
- Revenue$2.82B+4.5%
- FFO$1.13B-13.1%
- FFO/Share1.62-15.6%
- FFO Payout75.13%+22.9%
- FFO per Share1.62-15.6%
- NOI Margin22.48%-62.7%
- FFO Margin40.04%-16.8%
- ROE0.82%-73.0%
- ROA0.35%-74.0%
DOC Price & Volume
Healthpeak Properties, Inc. (DOC) stock price & volume — 10-year historical chart
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Merger Integration Volatility Clouds Earnings Recovery Trajectory
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Merger integration and leverage
Key Thesis Takeaways
- Healthpeak Properties is currently navigating a complex structural transition following the Physicians Realty Trust merger, which has resulted in significant earnings volatility and inconsistent margin performance.
- While the company has successfully expanded its asset base to $21.6 billion as of 2026Q1, the integration process has pressured profitability, evidenced by a suppressed 2.2% return on equity.
- Investors should monitor whether the recent recovery in FFO per share to $0.70 can be sustained against the backdrop of elevated debt levels and ongoing capital expenditure requirements.
Verdict Logic
while the company has improved liquidity to $1.2 billion in 2026Q1, the high P/E ratio of 215.50 and the historical dividend payout ratio exceeding 1.00 in 2025Q3 suggest that the current valuation may not yet fully reflect the risks associated with ongoing merger integration.
DOC Growth Metrics
Healthpeak Properties, Inc. (DOC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.82%
5 Years11.4%
3 Years11.05%
TTM2.71%
Profit CAGR
10 Years-
5 Years-29.63%
3 Years-47.76%
TTM-20.46%
EPS CAGR
10 Years-
5 Years-33.52%
3 Years-52.28%
TTM-20.53%
Return on Capital
10 Years8.9%
5 Years2.75%
3 Years2.91%
Last Year2.83%
DOC Recent Earnings
Healthpeak Properties, Inc. (DOC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.28+430.7%
$0.05
Rev
$739M+6.4%
$695M
Q1 2026
Feb 2, 2026Metric
Actual
Est
EPS
$0.47+4.4%
$0.45
Rev
$705M+1.9%
$692M
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$0.46+2.2%
$0.45
Rev
$706M+3.0%
$685M
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$0.46+0.0%
$0.46
Rev
$694M-1.1%
$702M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.28vs $0.05+430.7% | $739Mvs $695M+6.4% |
| Q1 2026 | Feb 2, 2026 | $0.47vs $0.45+4.4% | $705Mvs $692M+1.9% |
| Q4 2025 | Oct 23, 2025 | $0.46vs $0.45+2.2% | $706Mvs $685M+3.0% |
| Q3 2025 | Jul 24, 2025 | $0.46vs $0.46+0.0% | $694Mvs $702M-1.1% |
Based on last 12 quarters of dataView full earnings history →
Latest DOC News
Recent stock market news and headlines for Healthpeak Properties, Inc. (DOC)
247 Wallst·Jun 24, 2026
5 High-Yielding S&P 500 Stocks Trading at Double-Digit Discounts Are Incredible Strong Buys NowThe Standard and Poor's 500 is a stock market index that tracks the performance of the 500 biggest companies in the United States. It is considered a top indicator of the U.S. stock market's health. It is a market-capitalization-weighted index of the 500 leading publicly traded companies in the U.S. Typically, larger companies significantly impact... 5 High-Yielding S&P 500 Stocks Trading at Double-Digit Discounts Are Incredible Strong Buys Now
Seeking Alpha·Jun 19, 2026
Healthpeak Properties: This 6% Yielding REIT Has More Room To RunHealthpeak Properties remains a Strong Buy, combining value, income, and recovery potential in healthcare real estate. DOC's outpatient medical and life sciences segments show improving occupancy, strong lease spreads, and embedded rent escalators supporting steady growth. The Janus Living spin-off unlocks value in senior housing, with DOC retaining 82% ownership and benefiting from high segment growth.
Business Wire·Jun 18, 2026
Healthpeak Properties Publishes Its 15th Annual Corporate Impact ReportDENVER--(BUSINESS WIRE)--Healthpeak Properties, Inc. ("Healthpeak") (NYSE: DOC) announced today the release of its 15th annual 2025 Corporate Impact Report (the "Report"). The Report highlights Healthpeak's continued focus on building a resilient portfolio, advancing sustainability goals, fostering a workplace culture guided by its WE CARE core values, and promoting sound corporate governance and transparency. "As one of the nation's leading owners of Outpatient Medical, Lab, and Senior Housing.
Business Wire·Jun 15, 2026
Healthpeak Properties Announces Dates of Second Quarter 2026 Earnings Release, Conference Call, and WebcastDENVER--(BUSINESS WIRE)--Healthpeak Properties, Inc. (NYSE: DOC), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, is scheduled to report second quarter 2026 financial results after the close of trading on the New York Stock Exchange on Tuesday, August 4, 2026. Healthpeak will host a conference call and webcast on Wednesday, August 5, 2026 at 10:00 a.m. Eastern Time to review its financial performance and operating results. The conference call can b.
Peers Comparison
Key metrics vs top competitors for Healthpeak Properties, Inc. (DOC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $21.75 | $15.12B | 217.50 | 4.52% | 2.53% | 0.82% | 5.61% | |
| $92.21 | $43.84B | 170.76 | 18.47% | 4.25% | 2.08% | — | |
| $232.69 | $163.03B | 167.40 | 35.82% | 12.31% | 3.49% | — | |
| $20.40 | $7.12B | -28.73 | -6.92% | -17.51% | -4.28% | — | |
| $49.02 | $14.6B | 25.27 | 13.95% | 51.02% | 11.85% | — | |
| $2.13 | $842.02M | 1.59 | -8.54% | 17.58% | — | — |
Compare DOC vs Peers
Healthpeak Properties, Inc. (DOC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DOC SEC Filings & Documents
Healthpeak Properties, Inc. (DOC) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 5, 2026·SEC
Material company update
May 4, 2026·SEC
Material company update
Mar 23, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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DOC Frequently Asked Questions
Healthpeak Properties, Inc. (DOC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Healthpeak Properties, Inc.'s revenue?
Healthpeak Properties, Inc. (DOC) reported $2.87B in revenue for fiscal year 2025. This represents a 70% increase from $1.69B in 2011.
How fast is Healthpeak Properties, Inc. growing?
Healthpeak Properties, Inc. (DOC) grew revenue by 4.5% over the past year. Growth has been modest.
Is DOC profitable?
Yes, Healthpeak Properties, Inc. (DOC) is profitable, generating $222.2M in net income for fiscal year 2025 (2.5% net margin).
Dividend & Returns
Does DOC pay dividends?
Yes, Healthpeak Properties, Inc. (DOC) pays a dividend with a yield of 5.61%. This makes it attractive for income-focused investors.
What is DOC's return on equity?
Healthpeak Properties, Inc. (DOC) has a return on equity (ROE) of 0.8%. This is below average, suggesting room for improvement.
Industry Metrics
What is Healthpeak Properties, Inc.'s FFO?
Healthpeak Properties, Inc. (DOC) generated Funds From Operations (FFO) of $1.30B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is DOC a good dividend stock?
Healthpeak Properties, Inc. (DOC) offers a 5.61% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.