Healthpeak Properties, Inc.

DOC

$21.09

+0.29%

2026-09-04 10:26:18 EDT+$0.06

Real Estate

REIT - Healthcare Facilities

NYSE

Active Trading

Healthpeak Properties, Inc. is an S&P 500 constituent operating as a fully integrated real estate investment trust (REIT). The firm is dedicated ...

Price Action of DOC

$21.09

+0.29%+$0.06

High—

Low—

52W High-7.7%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Healthpeak Properties, Inc. (NYSE: DOC) is a fully integrated real estate investment trust (REIT) headquartered in Denver, Colorado. Founded in March 1985, the company was originally organized as Health Care Property Investors, Inc., and later renamed HCP, Inc. before becoming Healthpeak in 2019. Healthpeak is dedicated to the acquisition, management, ...Healthpeak Properties, Inc. (NYSE: DOC) is a fully integrated real estate investment trust (REIT) headquartered in Denver, Colorado. Founded in March 1985, the company was originally organized as Health Care Property Investors, Inc., and later renamed HCP, Inc. before becoming Healthpeak in 2019. Healthpeak is dedicated to the acquisition, management, and development of premier properties essential for medical research and healthcare services, with a portfolio of approximately 700 properties nationwide. The company focuses on outpatient medical and lab properties, serving healthcare professionals and patients, and is a constituent of the S&P 500 index. As of the latest data, Healthpeak employs around 411 people, and its market capitalization is approximately $14.76 billion. The company's revenue for the trailing twelve months is about $7.99 billion, with a net profit margin of 8.6%. Healthpeak generates revenue through leasing and property management fees, with a focus on long-term value creation for stockholders and supporting dividend growth. The company is led by President and CEO Scott Brinker, who has been in the role since 2022, alongside Chief Financial Officer Kelvin O. Moses and Chief Investment Officer Adam G. Mabry. Healthpeak's strategy emphasizes automation and AI-enabled operating platforms to enhance decision-making and client service. The company is committed to sustainable growth, and its financial metrics indicate a strong balance sheet with a current ratio of 1.84 and a debt-to-equity ratio near zero. Healthpeak's future outlook includes continued investment in healthcare real estate, expansion of its portfolio, and technological innovation to optimize operations. The company aims to deliver value to shareholders through dividends and capital appreciation, while adapting to the evolving healthcare landscape.ExpandCollapse

Founded

1985

Employees

411

CEO

Scott Brinker

Full Name

Healthpeak Properties, Inc.

Sector

Real Estate

Industry

REIT - Healthcare Facilities

ROE

3.30%

Market Cap

$14.54B

Current Ratio

2.52

WACC

7.04%

ROIC

29.16%

Contact Information

https://www.healthpeak.com

(720) 428-5050

4600 South Syracuse Street, Denver, CO 80237

Key Metrics of DOC

Snapshot

Latest / TTM · 6 periods

Market Cap

$14.54B

ROCE

2.5%

EV / EBITDA

13.03x

-0.3% YoY

FCF Yield

2.0%

-9.1% YoY

Cash Conversion Cycle

0.6d

Current Ratio

2.52

Quick take

TTM —

Positive CCC

Financial Highlights of DOC

Profitability trend

Latest / TTM · 6 periods

Gross Margin

2.5%

Net Margin

8.6%

P/E Ratio

60.26x

n/a

Debt / Equity

1.32

n/a

Current Ratio

2.52

Dividend Yield

5.8%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of DOC

Upcoming

Sep 14, 2026In 10 days
Ex-dividend date
$1.22 per share
Sep 25, 2026In 21 days
Dividend payment
$1.22 per share
Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $0.06 · Revenue $738.04M · 5 analysts
Oct 22, 2026In 48 days
Q3 FY2026 · Earnings report
Est. EPS $0.43

Recent history

Aug 5, 2026
Q2 FY2026 · Results reported
EPS $0.08 · Revenue $771.58M
View filing
May 6, 2026
Q1 FY2026 · Results reported
EPS $0.28 · Revenue $752.95M
View filing
Feb 3, 2026
FY2025 · Annual results
EPS $0.10 · Revenue $2.82B
View filing
Oct 24, 2025
Q3 FY2025 · Results reported
EPS $-0.17 · Revenue $705.87M
View filing
Jul 25, 2025
Q2 FY2025 · Results reported
EPS $0.05 · Revenue $694.35M
View filing
Apr 25, 2025
Q1 FY2025 · Results reported
EPS $0.06 · Revenue $702.89M
View filing

Financial Statements of DOC

Next Earnings Date

Oct 22, 2026

EPS Est. 0.43 · Fiscal period ending 2026-09-30

D-48

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$2.8B	+4.5%	+2.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$71.3M	-70.7%	-67.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+22.5%	-62.7%	+384.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+19.3%	+10.5%	+4.1%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+2.5%	-71.9%	-68.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$1.3B	+17.0%	-320.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+44.4%	+11.9%	-315.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	139.2%	+29.6%	-3.9%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.09x	-3.3%	+24.6%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$20.3B	+2.0%	+0.3%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	0.10 vs 0.01	+1200.4%	0.08 vs 0.06	+42.2%
Revenue Surprise	$2.8B vs $2.8B	+2.4%	$771.6M vs $738.0M	+4.5%

Insider Transactions of DOC

Acquisitions (A)

Since May 29, 2026

Disposals (D)

Since May 29, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
May 29, 2026	Thomas John T	director	Common Stock	A	1,385	$15.46
May 29, 2026	Thomas John T	director	Common Stock	D	78	$19.15
May 29, 2026	Patadia Ankit B.	officer: EVP and Treasurer	Common Stock	A	1,358	$15.46
May 29, 2026	Patadia Ankit B.	officer: EVP and Treasurer	Common Stock	D	94	$19.15
May 29, 2026	Moses Kelvin O	officer: Chief Financial Officer	Common Stock	A	937	$15.46

Earnings Call Transcript of DOC

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good morning, and welcome to the Healthpeak Properties, Inc. Second Quarter 2026 Conference Call. Please note, this event is being recorded. I would now like to turn the conference over to Andrew Johns, Senior Vice President, Investor Relations. Please go ahead. Andrew Johns: Welcome. Today's conference call contains certain forward-looking statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, these statements are subject to risks and uncertainties that may cause actual results to differ materially from our expectations. A discussion of risk and risk factors is included in our press release and detailed in our filings with the SEC. We do not undertake a duty to update any forward-looking statements. Certain non-GAAP measures will be discussed on this call. In an 8-K that we filed with SEC yesterday, we have reconciled all non-GAAP financial measures to the most directly comparable GAAP measures in accordance with regulatory requirements. The exhibit is also available on our website at healthpeak.com. I'll now turn the call over to our President and Chief Executive Officer, Scott Brinker. Scott Brinker: Thanks, A.J., and welcome to Healthpeak's second quarter earnings call. WE CARE is the acronym we use for our core values with the W representing our winning mindset. That's easy to do when demand exceeds supply and fundamentals are in your favor. Everyone's happy and looks really smart. It's a lot harder to do when supply exceeds demand, but that's exactly when a winning mindset is needed the most. As the life science pendulum finally starts to swing back in our favor, I want to say thank you to the team here who live up to our core values and maintain a winning mindset these past four years. It absolutely paid off, and we're stronger because of it. The downturn also provided a window to redefine our company and reset the competitive landscape. We were bold and strategic, including a $5 billion merger and $1 billion IPO. Today, we're a bigger and better company because of those decisive actions. Even more important, we added capabilities, including strategic new hires and internalizing property management in much of our renewal leasing. Now we're in the process of rolling out our agentic operating platform. This modern version of Healthpeak is an on-the-ground operator who generates superior results with our people and platform. We're already seeing a payoff from this strategy. In the past two quarters, two of the largest and most respected real estate investors in the world chose Healthpeak as their operating partner. Neither Blackstone or Brookfield had any meaningful prior exposure to the outpatient medical sector. Both joint ventures allow us to maintain control of strategic buildings and tenant relationships, while providing an alternative source of equity capital. We're excited to grow both of those partnerships in the future. Our balance sheet is …

Leadership Team of DOC

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Scott Brinker	President, Chief Executive Officer & Director	USD 2,864,306	Male	1977	Active
Adam G. Mabry	Chief Investment Officer	USD 1,408,855	Male	1985	Active
Kelvin O. Moses	Chief Financial Officer	USD 1,374,652	Male	1989	Active
Scott R. Bohn	Chief Development Officer & Head of Lab	USD 1,265,897	Male	1980	Active
Tracy A. Porter	Executive Vice President, General Counsel & ESG	USD 998,011	Female	1978	Active
Michelle Wood	Senior VP, CFO and Controller of Senior Housing & Lab	—	Female	—	Active
Andrew Johns	Senior Vice President of Investor Relations	—	Male	—	Active
James A. Croy	Senior Vice President of Leasing - Outpatient Medical	—	Male	—	Active
R. Justin Hill	Senior Vice President of Outpatient Medical	—	Male	—	Active
Shawn G. Johnston	Executive Vice President & Chief Accounting Officer	—	Male	1980	Active

Recent News of DOC

Zacks Investment ResearchyesterdayNeutral

Why Is Healthpeak (DOC) Down 3.5% Since Last Earnings Report?

Healthpeak (DOC) reported earnings 30 days ago. What's next for the stock?

GlobeNewsWire3 days agoNeutral

Healthpeak Properties, Inc. (NYSE: DOC) President and CEO Scott Brinker Interviewed by Advisor Access

SAN FRANCISCO, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Healthpeak Properties, Inc. (NYSE: DOC) is a fully integrated real estate investment trust (REIT) and S&P 500 company.

Zacks Investment Research8/28/2026Neutral

DOC vs. EGP: Which Stock Is the Better Value Option?

Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Healthpeak (DOC) or EastGroup Properties (EGP). But which of these two stocks offers value investors a better bang for their buck right now?

Defense World8/27/2026Neutral

Adelante Capital Management LLC Buys Shares of 1,009,623 Healthpeak Properties, Inc. $DOC

Adelante Capital Management LLC purchased a new stake in Healthpeak Properties, Inc. (NYSE: DOC) in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,009,623 shares of the real estate investment trust's stock, valued at approximately $21,605,000. Healthpeak Properties makes up 1.4% of Adelante

Defense World8/21/2026Neutral

Advisors Capital Management LLC Buys 75,700 Shares of Healthpeak Properties, Inc. $DOC

Advisors Capital Management LLC raised its holdings in shares of Healthpeak Properties, Inc. (NYSE: DOC) by 5.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,576,297 shares of the real estate investment trust's stock after purchasing an additional 75,700 shares

Historical Employee Count of DOC

Current

411

Change

+6.20%

Minimum

193

Maximum

411

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	411	10-K	Feb 3, 2026	View
Dec 31, 2024	387	10-K	Feb 4, 2025	View
Dec 31, 2023	193	10-K	Feb 9, 2024	View
Dec 31, 2022	199	10-K	Feb 8, 2023	View
Dec 31, 2021	196	10-K	Feb 9, 2022	View

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Healthpeak Properties, Inc.