Healthpeak Properties Inc Financials
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
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
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.
Healthpeak Properties Inc has a moderate D/E ratio of 1.31. This balance of debt and equity financing earns a leverage score of 62/100.
Healthpeak Properties Inc has a free cash flow margin of 12.7%, earning a moderate score of 63/100. The company generates positive cash flow after capital investments, but with room for improvement.
Healthpeak Properties Inc generates a 0.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 4/100. This is down from 2.9% the prior year.
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.
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
Healthpeak Properties Inc generated $2.8B in revenue in fiscal year 2025. This represents an increase of 4.5% from the prior year.
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.
Healthpeak Properties Inc reported $71.3M in net income in fiscal year 2025. This represents a decrease of 70.7% from the prior year.
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.
Healthpeak Properties Inc held $467.5M in cash against $9.8B in long-term debt as of fiscal year 2025.
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.
Healthpeak Properties Inc had 695M shares outstanding in fiscal year 2025. This represents a decrease of 0.6% from the prior year.
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.
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.
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.
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 | 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) | $0.43+352.9% | $-0.17-440.0% | $0.05-16.7% | $0.06-33.3% | $0.09-25.0% | $0.12-42.9% | $0.21+2000.0% | $0.01 |
DOC Balance Sheet
| 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 | 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 | $110.3M+79.1% | $61.6M+18.2% | $52.1M+6.1% | $49.1M | N/A | N/A | N/A | N/A |
| Free Cash Flow | $255.3M+19.4% | $213.7M-30.7% | $308.4M+55.7% | $198.1M | 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 | 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%-0.8pp | 2.3%+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 | 42.3%+6.5pp | 35.8%-21.7pp | 57.5%+20.2pp | 37.4% | N/A | N/A | N/A | N/A |
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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%.
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.
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 43 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.