Healthpeak Properties (DOC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Healthpeak Properties

NYSE•Real Estate•REIT - Healthcare Facilities

$20.50+0.15(0.01%)After hours

Market Cap

$14.14B

P/E

58.1x

P/S

4.8x

P/B

1.8x

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.

How this company scores

WeakMetricSide Score: 57/100

Grade capped at D — Interest coverage below 1× (0.4x) — earnings cannot cover interest. Strongest: Growth (21/25); weakest: Balance Sheet & Red Flags (7/25).

Profitability15/25

Growth21/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality14/25

Strengths

Rising earningsCash-backed earningsProfit converts from growthConsistent growth

Grade capped at D

Interest coverage below 1× (0.4x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 58.1x5y range 20.6x – 157.6x

Currently near its 19-quarter median.

P/S · 4.8x5y range 4.0x – 14.2x

Currently near its 20-quarter median.

P/B · 1.8x5y range 1.3x – 3.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 14.5% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $14.14B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.95B
Q. Revenue: $771.58M
TTM EBITDA: $1.25B
TTM Op. Income: $149.38M
Q. Op. Income: $32.58M
TTM Net Income: $243.30M
Q. Net Income: $52.82M
EPS: $0.08
Shares Out.: $689.88M

$2.95B in TTM revenue grew 5.5% YoY, reaching $771.58M last quarter. TTM EBITDA of $1.25B and TTM operating income of $149.38M show growth is flowing through to the bottom line. TTM net income of $243.30M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 41.0%
Op. Margin: 4.2%
Net Margin: 6.8%

Op. margin of 4.2% is down 1.9% YoY — costs are rising relative to revenue. Net margin at 6.8% Over the past year, operating margin is down 31% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 58.1x
P/S Ratio: 4.8x
P/B Ratio: 1.8x

At 58.1x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 4.8x and P/B of 1.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 15% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $21.68B
Cash: $1.63B
Long-Term Debt: $10.03B
Book Value: $7.84B
D/E Ratio: 1.3
Debt/EBITDA: 31.8

With $21.68B in assets and $10.03B in long-term debt, D/E is 1.3and book value is $7.84B — moderate leverage. Over the past year, debt/equity is up 12% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $361.10M
TTM Free Cash Flow: $336.08M
FCF Margin: 11.4%
FCF / Net Income: 1.4

TTM FCF of $336.08M on $361.10M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.