Healthpeak Properties, Inc. (DOC) Stock Analysis
Real Estate · REIT - Healthcare Facilities · NYSE
Healthpeak Properties, Inc. (DOC) posted $2.82B in revenue for fiscal 2025 (up 4.5% year over year), at a 2.5% net margin, and has compounded revenue about 11.4%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Healthpeak Properties, Inc.
Healthpeak Properties, Inc. has grown revenue from $2.13B to $2.82B over the last 10 fiscal years, compounding about 11.4% a year. The most recent year was up 4.5%, so growth has cooled from its longer-run pace.
Net margin sits at 2.5%, down 6.5 points year over year. It carries about $9.85B of total debt.
The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Healthpeak Properties, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Healthpeak Properties, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.13B | $1.85B | $1.19B | $1.24B | $1.64B | $1.90B | $2.06B | $2.18B | $2.70B | $2.82B |
| Gross profit | $1.39B | $1.18B | $812.66M | $835.10M | $862.33M | $1.12B | $1.20B | $1.28B | $1.63B | — |
| Net income | $627.75M | $414.17M | $1.06B | $45.53M | $413.56M | $505.54M | $500.45M | $306.01M | $243.14M | $71.35M |
| Net margin | 29.5% | 22.4% | 89.1% | 3.7% | 25.1% | 26.7% | 24.3% | 14.0% | 9.0% | 2.5% |
Source: Healthpeak Properties, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
Healthpeak Properties, Inc.: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 28.9% over 4 years (539.1M → 695M) — existing holders' stakes are being diluted.
- Heavy debt loadTotal debt of $9847.9M is 7.9× last year's operating cash flow — it would take years of cash flow to clear.
- Net margin shrinkingNet margin fell from 24.3% to 2.5% over ~3 years — profitability is compressing.
Explore 19 years of Healthpeak Properties, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Healthpeak Properties, Inc. financial history by metric
Compare Healthpeak Properties, Inc. with peers
About Healthpeak Properties, Inc.
Healthpeak 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. Healthpeak Properties, Inc. is based in Denver, Colorado. Healthpeak Properties, Inc. was incorporated in 1985 in Maryland.
Healthpeak Properties, Inc. — frequently asked questions
What is Healthpeak Properties, Inc.'s revenue?
Healthpeak Properties, Inc. (DOC) reported revenue of $2.82B for fiscal year 2025, up 4.5% from the prior year, according to its SEC filings.
Is Healthpeak Properties, Inc. profitable?
Yes. DOC earned net income of $71.35M in fiscal 2025, a net margin of 2.5%.
What is DOC's P/E ratio?
Healthpeak Properties, Inc. trades at a price-to-earnings ratio of about 68.2 based on the latest data in our nightly-refreshed cache.
How fast is Healthpeak Properties, Inc. growing?
DOC's revenue grew at roughly 11.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Healthpeak Properties, Inc. have?
As of fiscal year 2025, DOC carried roughly $9.85B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Healthpeak Properties, Inc.'s market cap?
Healthpeak Properties, Inc. (DOC) has a market capitalization of about $0, based on the latest data in our nightly-refreshed cache.
When does Healthpeak Properties, Inc.'s fiscal year end?
DOC's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Healthpeak Properties, Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.