What is Healthpeak Properties Inc's earnings per share (EPS)?

Healthpeak Properties Inc (DOC) reported diluted earnings per share of $0.10 for fiscal year 2025. This represents a -72.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Healthpeak Properties Inc Financials

DOC

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Healthpeak Properties Inc (DOC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 46/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Healthpeak Properties Inc's revenue grew a modest 4.5% year-over-year to $2.8B. This slow but positive growth earns a score of 41/100.

Leverage

Healthpeak Properties Inc carries a low D/E ratio of 1.31, meaning only $1.31 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

Healthpeak Properties Inc has a free cash flow margin of 12.7%, earning a moderate score of 57/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Healthpeak Properties Inc generates a 0.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 13/100. This is down from 2.9% the prior year.

Piotroski F-Score Neutral

5/9

Healthpeak Properties Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

17.55x

For every $1 of reported earnings, Healthpeak Properties Inc generates $17.55 in operating cash flow ($1.3B OCF vs $71.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$2.8B

YoY+4.5%

5Y CAGR+11.4%

10Y CAGR+3.8%

Healthpeak Properties Inc generated $2.8B in revenue in fiscal year 2025. This represents an increase of 4.5% from the prior year.

EBITDA

N/A

Net Income

$71.3M

YoY-70.7%

5Y CAGR-29.6%

Healthpeak Properties Inc reported $71.3M in net income in fiscal year 2025. This represents a decrease of 70.7% from the prior year.

EPS (Diluted)

$0.10

YoY-72.2%

5Y CAGR-33.5%

Healthpeak Properties Inc earned $0.10 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 72.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$357.0M

YoY+7.0%

10Y CAGR-8.2%

Healthpeak Properties Inc generated $357.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 7.0% from the prior year.

Cash & Debt

$467.5M

YoY+290.1%

5Y CAGR+60.3%

10Y CAGR+3.0%

Healthpeak Properties Inc held $467.5M in cash against $9.8B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.22

YoY+1.7%

5Y CAGR-3.8%

10Y CAGR-6.0%

Healthpeak Properties Inc paid $1.22 per share in dividends in fiscal year 2025. This represents an increase of 1.7% from the prior year.

Shares Outstanding

695M

YoY-0.6%

5Y CAGR+5.2%

10Y CAGR+4.1%

Healthpeak Properties Inc had 695M shares outstanding in fiscal year 2025. This represents a decrease of 0.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

2.5%

YoY-6.5pp

5Y CAGR-22.6pp

10Y CAGR+31.4pp

Healthpeak Properties Inc's net profit margin was 2.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.5 percentage points from the prior year.

Return on Equity

0.9%

YoY-1.9pp

5Y CAGR-5.2pp

10Y CAGR+6.9pp

Healthpeak Properties Inc's ROE was 0.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$97.1M

YoY-49.1%

5Y CAGR+56.0%

10Y CAGR+27.2%

Healthpeak Properties Inc spent $97.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 49.1% from the prior year.

Capital Expenditures

$894.9M

YoY+21.5%

5Y CAGR+2.6%

10Y CAGR+8.8%

Healthpeak Properties Inc invested $894.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 21.5% from the prior year.

DOC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.8B+4.5%	$2.7B+23.8%	$2.2B+5.8%	$2.1B+8.7%	$1.9B+15.3%	$1.6B
Cost of Revenue	N/A	$1.1B+19.2%	$902.1M+4.5%	$863.0M+11.6%	$773.3M-1.2%	$782.5M
Gross Profit	N/A	$1.6B+27.1%	$1.3B+6.7%	$1.2B+6.7%	$1.1B+30.2%	$862.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$90.4M-6.9%	$97.2M+2.1%	$95.1M-27.4%	$131.0M+33.3%	$98.3M+5.4%	$93.2M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$305.2M+8.8%	$280.4M+40.0%	$200.3M+15.8%	$172.9M+9.5%	$158.0M-27.6%	$218.3M
Income Tax	$9.3M+113.4%	$4.3M+145.2%	-$9.6M-117.3%	-$4.4M-35.7%	-$3.3M+65.4%	-$9.4M
Net Income	$71.3M-70.7%	$243.1M-20.5%	$306.0M-38.9%	$500.4M-1.0%	$505.5M+22.2%	$413.6M
EPS (Diluted)	$0.10-72.2%	$0.36-35.7%	$0.56-39.1%	$0.92-1.1%	$0.93+20.8%	$0.77

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$719.4M+1.9%	$705.9M+1.7%	$694.3M-1.2%	$702.9M+0.7%	$698.0M-0.3%	$700.4M+0.7%	$695.5M+14.7%	$606.6M
Cost of Revenue	N/A	$291.9M+5.7%	$276.2M+1.1%	$273.1M-1.4%	$277.0M-1.2%	$280.3M+2.4%	$273.8M+12.3%	$243.7M
Gross Profit	N/A	$414.0M-1.0%	$418.2M-2.7%	$429.7M+2.1%	$421.0M+0.2%	$420.1M-0.4%	$421.7M+16.2%	$362.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$23.6M+18.7%	$19.9M-4.1%	$20.8M-20.5%	$26.1M+9.1%	$23.9M+3.1%	$23.2M-13.1%	$26.7M+14.7%	$23.3M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$80.6M+5.0%	$76.8M+2.3%	$75.1M+3.3%	$72.7M+3.1%	$70.5M-4.9%	$74.1M-1.1%	$74.9M+23.0%	$60.9M
Income Tax	$6.0M+599.8%	-$1.2M-150.6%	$2.4M+14.5%	$2.1M+114.8%	-$14.0M-823.1%	$1.9M-29.0%	$2.7M-80.1%	$13.7M
Net Income	$114.0M+197.3%	-$117.1M-469.8%	$31.7M-26.0%	$42.8M+841.9%	$4.5M-94.7%	$85.9M-41.2%	$146.0M+2087.6%	$6.7M
EPS (Diluted)	N/A	$-0.17-440.0%	$0.05-16.7%	$0.06	N/A	$0.12-42.9%	$0.21+2000.0%	$0.01

DOC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$20.3B+2.0%	$19.9B+27.0%	$15.7B-0.5%	$15.8B+3.4%	$15.3B-4.2%	$15.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$467.5M+290.1%	$119.8M+1.9%	$117.6M+63.3%	$72.0M-54.5%	$158.3M+257.9%	$44.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$78.3M+2.0%	$76.8M+37.6%	$55.8M+4.5%	$53.4M+9.7%	$48.7M+15.2%	$42.3M
Goodwill	$68.5M0.0%	$68.5M+280.1%	$18.0M+0.1%	$18.0M0.0%	$18.0M0.0%	$18.0M
Total Liabilities	$12.0B+10.6%	$10.9B+24.0%	$8.8B+3.4%	$8.5B+4.6%	$8.1B-5.4%	$8.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$9.8B+13.0%	$8.7B+26.8%	$6.9B+5.8%	$6.5B+5.3%	$6.2B-6.8%	$6.6B
Total Equity	$7.5B-10.7%	$8.4B+32.3%	$6.4B-4.6%	$6.7B+2.1%	$6.5B-3.2%	$6.7B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$20.3B+3.8%	$19.6B-1.2%	$19.8B0.0%	$19.8B-0.6%	$19.9B-0.2%	$20.0B-1.0%	$20.2B-1.8%	$20.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$467.5M+413.5%	$91.0M+1.8%	$89.4M+26.6%	$70.6M-41.1%	$119.8M-33.6%	$180.4M+68.8%	$106.9M+5.0%	$101.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$78.3M-3.1%	$80.8M+17.6%	$68.7M-0.2%	$68.9M-10.3%	$76.8M+18.2%	$65.0M+8.9%	$59.7M-13.0%	$68.6M
Goodwill	$68.5M0.0%	$68.5M0.0%	$68.5M0.0%	$68.5M0.0%	$68.5M+5.2%	$65.2M0.0%	$65.2M0.0%	$65.2M
Total Liabilities	$12.0B+6.3%	$11.3B+0.8%	$11.2B+2.3%	$11.0B+0.8%	$10.9B+1.2%	$10.7B-0.1%	$10.8B-1.7%	$10.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$9.8B+7.8%	$9.1B+1.0%	$9.0B+1.9%	$8.9B+1.8%	$8.7B+1.5%	$8.6B-0.2%	$8.6B-1.7%	$8.8B
Total Equity	$7.5B-1.3%	$7.6B-4.2%	$7.9B-3.2%	$8.2B-2.5%	$8.4B-1.9%	$8.6B-2.2%	$8.8B-1.4%	$8.9B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

DOC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.3B+17.0%	$1.1B+11.9%	$956.2M+6.2%	$900.3M+13.2%	$795.2M+4.9%	$758.4M
Capital Expenditures	$894.9M+21.5%	$736.8M-4.9%	$774.6M-19.5%	$962.0M+26.6%	$759.7M-3.7%	$788.9M
Free Cash Flow	$357.0M+7.0%	$333.7M+83.7%	$181.7M+394.3%	-$61.7M-273.8%	$35.5M+216.6%	-$30.5M
Investing Cash Flow	-$1.0B-809.2%	-$113.8M+80.3%	-$576.8M+34.2%	-$876.3M-265.0%	$531.0M+152.7%	-$1.0B
Financing Cash Flow	$136.1M+114.5%	-$941.4M-179.1%	-$337.3M-189.4%	-$116.5M+91.0%	-$1.3B-622.8%	$246.4M
Dividends Paid	$849.1M+6.8%	$794.8M+21.0%	$657.0M+1.4%	$648.0M-0.3%	$650.1M-17.4%	$787.1M
Share Buybacks	$97.1M-49.1%	$190.7M+2822.9%	$6.5M-90.4%	$67.8M+428.3%	$12.8M+22.0%	$10.5M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$294.1M-6.6%	$315.0M-13.3%	$363.5M+30.1%	$279.4M-1.4%	$283.5M-10.9%	$318.2M+0.6%	$316.2M+107.3%	$152.6M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$405.6M-115.7%	-$188.1M+10.5%	-$210.3M+8.9%	-$230.7M+1.3%	-$233.8M-873.3%	$30.2M-83.9%	$187.5M+291.8%	-$97.8M
Financing Cash Flow	$489.5M+475.3%	-$130.4M-1.5%	-$128.6M-36.2%	-$94.4M+12.2%	-$107.5M+59.5%	-$265.7M+47.0%	-$501.6M-652.6%	-$66.6M
Dividends Paid	$211.9M0.0%	$211.9M0.0%	$211.9M-0.7%	$213.5M+1.7%	$209.8M0.0%	$209.8M-0.5%	$210.9M+28.5%	$164.2M
Share Buybacks	$87K+411.8%	$17K-100.0%	$72.1M+188.8%	$25.0M+7556.1%	$326K-98.4%	$20.1M-70.5%	$68.2M-33.1%	$102.0M

DOC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	60.2%+1.6pp	58.6%+0.5pp	58.1%-1.1pp	59.2%+6.8pp	52.4%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	2.5%-6.5pp	9.0%-5.0pp	14.0%-10.2pp	24.3%-2.4pp	26.7%+1.5pp	25.1%
Return on Equity	0.9%-1.9pp	2.9%-1.9pp	4.8%-2.7pp	7.5%-0.2pp	7.8%+1.6pp	6.1%
Return on Assets	0.4%-0.9pp	1.2%-0.7pp	1.9%-1.2pp	3.2%-0.1pp	3.3%+0.7pp	2.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.31+0.3	1.04-0.0	1.08+0.1	0.98+0.0	0.95-0.0	0.98
FCF Margin	12.7%+0.3pp	12.4%+4.0pp	8.3%+11.3pp	-3.0%-4.9pp	1.9%+3.7pp	-1.8%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	58.6%-1.6pp	60.2%-0.9pp	61.1%+0.8pp	60.3%+0.3pp	60.0%-0.6pp	60.6%+0.8pp	59.8%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.8%+32.4pp	-16.6%-21.1pp	4.6%-1.5pp	6.1%+5.4pp	0.7%-11.6pp	12.3%-8.7pp	21.0%+19.9pp	1.1%
Return on Equity	1.5%+3.1pp	-1.5%-1.9pp	0.4%-0.1pp	0.5%+0.5pp	0.1%-0.9pp	1.0%-0.7pp	1.7%+1.6pp	0.1%
Return on Assets	0.6%+1.2pp	-0.6%-0.8pp	0.2%-0.1pp	0.2%+0.2pp	0.0%-0.4pp	0.4%-0.3pp	0.7%+0.7pp	0.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.31+0.1	1.20+0.1	1.14+0.1	1.08+0.0	1.04+0.0	1.00+0.0	0.980.0	0.99
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

$13.5B

$40.4B

$8.9B

$144.8B

Healthcare Tr Amer Inc HR

$6.1B

Frequently Asked Questions

What is Healthpeak Properties Inc's annual revenue?

Healthpeak Properties Inc (DOC) reported $2.8B in total revenue for fiscal year 2025. This represents a 4.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Healthpeak Properties Inc's revenue growing?

Healthpeak Properties Inc (DOC) revenue grew by 4.5% year-over-year, from $2.7B to $2.8B in fiscal year 2025.

Is Healthpeak Properties Inc profitable?

Yes, Healthpeak Properties Inc (DOC) reported a net income of $71.3M in fiscal year 2025, with a net profit margin of 2.5%.

How much debt does Healthpeak Properties Inc have?

As of fiscal year 2025, Healthpeak Properties Inc (DOC) had $467.5M in cash and equivalents against $9.8B in long-term debt.

What is Healthpeak Properties Inc's net profit margin?

Healthpeak Properties Inc (DOC) had a net profit margin of 2.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Healthpeak Properties Inc pay dividends?

Yes, Healthpeak Properties Inc (DOC) paid $1.22 per share in dividends during fiscal year 2025.

What is Healthpeak Properties Inc's return on equity (ROE)?

Healthpeak Properties Inc (DOC) has a return on equity of 0.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Healthpeak Properties Inc's free cash flow?

Healthpeak Properties Inc (DOC) generated $357.0M in free cash flow during fiscal year 2025. This represents a 7.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Healthpeak Properties Inc's operating cash flow?

Healthpeak Properties Inc (DOC) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Healthpeak Properties Inc's total assets?

Healthpeak Properties Inc (DOC) had $20.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Healthpeak Properties Inc's capital expenditures?

Healthpeak Properties Inc (DOC) invested $894.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Healthpeak Properties Inc buy back shares?

Yes, Healthpeak Properties Inc (DOC) spent $97.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Healthpeak Properties Inc have outstanding?

Healthpeak Properties Inc (DOC) had 695M shares outstanding as of fiscal year 2025.

What is Healthpeak Properties Inc's debt-to-equity ratio?

Healthpeak Properties Inc (DOC) had a debt-to-equity ratio of 1.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Healthpeak Properties Inc's return on assets (ROA)?

Healthpeak Properties Inc (DOC) had a return on assets of 0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Healthpeak Properties Inc's Piotroski F-Score?

Healthpeak Properties Inc (DOC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Healthpeak Properties Inc's earnings high quality?

Healthpeak Properties Inc (DOC) has an earnings quality ratio of 17.55x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Healthpeak Properties Inc?

Healthpeak Properties Inc (DOC) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.