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Overview

HEALTHPEAK PROPERTIES, INC.

DOCNYSEReal EstateReal Estate Investment TrustsCIK 0000765880Large-cap benchmark

Latest 10-K: FY2025, filed Feb 3, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$2.82B
4.5%YoYup from FY2024
TotalRevenue
Gross profit
Not reported
Net income
$0.07B
70.7%YoYdown from FY2024
NetIncome
Diluted EPS
$0.10
72.2%YoYdown from FY2024
EPSDiluted
Diluted shares
696.0M
2.9%YoYup from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • HEALTHPEAK PROPERTIES, INC. reported revenue of $2.82B for fiscal 2025, up 4.5% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 3 of the last 5 fiscal years.

Profitability

  • Net margin was 2.5%, against a median of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was $0.10, down 72.2% from the prior year.
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Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$2.82B4.5%up
Benchmark median 6.4%
$2.70B23.8%up
Benchmark median 4.5%
$2.18B5.8%up
Benchmark median 4.8%
$2.06B8.7%up
Benchmark median 10.3%
$1.90B15.3%up
Benchmark median 13.8%
10.5%
Benchmark median 6.6%
Gross Profit
Median of 315 / 498
—
$1.63B27.1%up
Benchmark median 5.5%
$1.28B6.7%up
Benchmark median 5.2%
$1.20B6.7%up
Benchmark median 8.3%
$1.12B30.2%up
Benchmark median 15.7%
—
Benchmark median 6.2%
Operating Income
Median of 373 / 498
—
—
—
—
—
—
Benchmark median 7.2%
Net Income
$71.35M70.7%down
Benchmark median 4.8%
$243.14M20.5%down
Benchmark median 5.7%
$306.01M38.9%down
Benchmark median 1.9%
$500.45M1.0%down
Benchmark median 1.3%
$505.54M22.2%up
Benchmark median 33.9%
-38.7%
Benchmark median 4.1%
EPS (Diluted)
$0.1072.2%down
Benchmark median 6.2%
$0.3635.7%down
Benchmark median 7.9%
$0.5639.1%down
Benchmark median 1.9%
$0.921.1%down
Benchmark median 1.5%
$0.9320.8%up
Benchmark median 34.8%
-42.7%
Benchmark median 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$20.34B2.0%up
Benchmark median 5.6%
$19.94B27.0%up
Benchmark median 3.4%
$15.70B0.5%down
Benchmark median 4.1%
$15.77B3.4%up
Benchmark median 2.2%
$15.26B4.2%down
Benchmark median 6.7%
7.4%
Benchmark median 4.7%
Total Liabilities
Median of 357 / 498
$12.03B10.6%up
Benchmark median 6.4%
$10.88B24.0%up
Benchmark median 1.9%
$8.77B3.4%up
Benchmark median 2.9%
$8.48B4.6%up
Benchmark median 2.0%
$8.11B5.4%down
Benchmark median 5.2%
10.4%
Benchmark median 4.4%
Stockholders' Equity
$8.14B10.1%down
Benchmark median 6.8%
$9.06B31.7%up
Benchmark median 5.4%
$6.88B4.3%down
Benchmark median 7.3%
$7.18B1.8%up
Benchmark median 2.5%
$7.06B3.2%down
Benchmark median 9.0%
3.6%
Benchmark median 6.1%
Cash & Equivalents
$467.46M290.1%up
Benchmark median 5.2%
$119.82M1.9%up
Benchmark median 1.9%
$117.64M63.3%up
Benchmark median 6.7%
$72.03M54.5%down
Benchmark median -8.6%
$158.29M257.9%up
Benchmark median -2.9%
31.1%
Benchmark median 2.0%
Total Debt
$9.85B†13.0%up
Benchmark median 2.1%
$8.72B†26.8%up
Benchmark median 0.2%
$6.88B†5.8%up
Benchmark median 0.3%
$6.50B†5.3%up
Benchmark median 0.1%
$6.17B†6.8%down
Benchmark median -0.1%
12.4%
Benchmark median 4.3%

† Sum of short-term and long-term debt; the company files no total-debt line.

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$1.25B17.0%up
Benchmark median 6.3%
$1.07B11.9%up
Benchmark median 4.8%
$0.96B6.2%up
Benchmark median 9.9%
$0.90B13.2%up
Benchmark median -0.7%
$0.80B4.9%up
Benchmark median 10.7%
12.0%
Benchmark median 7.0%
Capital Expenditures
$894.95M21.5%up
Benchmark median 5.4%
$736.76M4.9%down
Benchmark median 2.8%
$774.56M19.5%down
Benchmark median 11.3%
$961.99M26.6%up
Benchmark median 14.0%
$759.72M3.7%down
Benchmark median 8.1%
4.2%
Benchmark median 9.0%
Free Cash Flow
Median of 378 / 498
$357.01M7.0%up
Benchmark median 7.3%
$333.73M83.7%up
Benchmark median 6.1%
$181.68Mn/m
Benchmark median 8.8%
negative: -$61.73M273.8%down
Benchmark median -11.3%
$35.53Mn/m
Benchmark median 10.2%
78.0%
Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

0.6%

Wall Street

on net earnings

FY2024 1.8%

3.2%

Value investor

on free cash flow

FY2024 2.4%

Gap +2.6 pts: Value-investor figure 2.6 points higher

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 160.8×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

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Smart money

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Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Peers, filings & research

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Research Reports

No published research on DOC yet.

Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on DOC and publish the result to your public profile.

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Cite this page

Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/DOC

APA-style text
Valuein. (2026, October 30). HEALTHPEAK PROPERTIES, INC. (DOC) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/DOC
BibTeX
@misc{valuein_doc_2026,
  author = {{Valuein}},
  title = {HEALTHPEAK PROPERTIES, INC. (DOC) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/DOC}},
  note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 3, 2026 · accession 0001628280-26-005044

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

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