Healthpeak Properties, Inc. (DOC) stock analysis

P/E above its 5-year median

Healthpeak Properties's P/E of 58.2 is above its own 5-year median of 43.7.

P/E above the industry

Healthpeak Properties's P/E of 58.2 is above the Miscellaneous Investing median of 26.3.

EV/EBITDA below its 5-year median

Healthpeak Properties's EV/EBITDA of 7.5 is below its 5-year median of 8.7.

P/B above the industry

Healthpeak Properties's price-to-book of 1.79 is above the Miscellaneous Investing median of 1.20.

Trading above fair value

The share price of $20.38 is above our fair value estimate of $16.85.

Margin of safety under 20%

The price is 20.9% above fair value, so there is no margin of safety.

Revenue growing 10%+ a year

Revenue grew 11.0% a year over the last three fiscal years.

EPS growing under 10% a year

Diluted EPS grew -52.3% a year over the last three fiscal years.

Earnings growth accelerating

Net income grew 47.5% over the last twelve months, against a 5-year average of -29.6% a year.

Growing faster than the industry

Revenue grew 5.5% over the last twelve months; the Miscellaneous Investing median is 4.6%.

Guidance raised

Healthpeak Properties raised its Full Year 2026 Total Same-Store Cash (Adjusted) NOI outlook on Aug 4, 2026.

Gross margin trend

This company does not report gross profit.

Return on equity under 15%

Return on equity was 3.1% over the last twelve months and averaged 4.8% over five years; we look for 15% on both.

Return on invested capital

Needs operating income and invested capital.

Return on equity below the industry

Healthpeak Properties's return on equity of 3.1% is below the Miscellaneous Investing median of 3.1%.

Earnings shrank over 5 years

Net income shrank 29.6% a year on average over the last five fiscal years.

Net margin below its 5-year average

Net margin was 8.2% over the last twelve months, against a 5-year average of 15.3%.

Net margin below the industry

Healthpeak Properties's net margin of 8.2% is below the Miscellaneous Investing median of 10.3%.

Debt level

Needs debt and equity figures.

Debt trend

Needs a balance sheet from five years ago with positive equity.

Debt coverage

Needs operating cash flow.

Interest coverage

Interest expense is not reported separately.

Short-term liquidity

The balance sheet is not split into current and non-current items.

Elevated bankruptcy risk

The Altman Z-score is 0.83; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

Healthpeak Properties paid dividends worth 6.0% of the share price over the last twelve months.

Yield above Treasuries

The 6.0% yield is above the 4.4% on a 1-year Treasury.

Yield in the top quarter

The top quarter of US dividend payers yield 3.8% or more; Healthpeak Properties yields 6.0%.

Dividend was cut

The dividend per share fell by more than 10% at least once in the last 10 fiscal years.

Not covered by earnings

Dividends take 348% of net income, leaving little room.

Cash-flow cover

Needs dividends paid and free cash flow.