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Companies / Real Estate / Healthpeak Properties
DOC

Healthpeak Properties

Real EstateREITsS&P 500
Ticker DOCDENVER, COFiscal year ends DecemberBook value per share $11.32Diluted shares 692.8M

Healthpeak Properties, Inc. (NYSE: DOC) owns, operates, and develops U.S. real estate focused on healthcare discovery and delivery. Its portfolio serves healthcare providers, hospital systems, physician practices, biotechnology, medical-device and pharmaceutical companies, research institutions, and senior residents.… From the company’s description.

In fiscal 2025, Healthpeak Properties reported revenue of $2.82B, up 4.5% from fiscal 2024, and net income of $101.03M. Its operating margin was 18.4%, and operations generated $1.25B in cash. Over the twelve months to Jun 30, 2026, revenue was $2.95B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.82BFY2025
+4.5% year over year
Last 12 mo $2.95B
18.41%FY2025
+6.7 percentage points
Last 12 mo 16.49%
$101.03MFY2025
−62.2% year over year
Last 12 mo $274.84M
0.94%FY2025
−2.2 percentage points
Last 12 mo 3.10%
Cash & financing
$1.25BFY2025
+17.0% year over year
Last 12 mo $1.23B
$1.12BFY2025
+17.1% year over year
Last 12 mo $1.08B
1.31FY2025
Was 1.04× a year earlier
Last 12 mo 1.28
696.0MFY2025
+2.9% year over year
Last 12 mo 692.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Healthpeak Properties does

In the company’s own words

Healthpeak Properties, Inc. (NYSE: DOC) owns, operates, and develops U.S. real estate focused on healthcare discovery and delivery. Its portfolio serves healthcare providers, hospital systems, physician practices, biotechnology, medical-device and pharmaceutical companies, research institutions, and senior residents. The company reports three segments: outpatient medical, including medical buildings and hospitals; lab, including laboratory and office properties; and senior housing, including life plan communities and other senior living facilities. Its properties are primarily leased to healthcare and life-sciences organizations, while senior housing communities are operated by third-party managers. At December 31, 2025, Healthpeak held interests in 689 properties, comprising 507 outpatient medical properties, 145 lab properties, 34 senior housing properties, and three other properties. It was founded in 1985 and completed its merger with Physicians Realty Trust in 2024, acquiring 299 outpatient medical buildings. Its website is www.healthpeak.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
DENVER, CO
Fiscal year end
December
CIK
765880
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-896.04M$152.83M$1.20B$2.25B$3.30B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Healthpeak Properties — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

524
funds hold it
0 of 35
superinvestors hold it
$5.97B
held by funds, at market
44.3%
of shares held by funds
10
bond issues held by funds

Largest fund holders · Healthpeak Properties’s weight in each

Undiscovered Managers Behavioral Value Fund
UBVLX · UNDISCOVERED MANAGERS FUNDS
5.31%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.18%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Healthpeak Properties’s bonds, as funds hold them

Funds report holding 10 issues of Healthpeak Properties’s debt, $653.48M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.59%, maturing 2026 to 2041.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Healthpeak Properties and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Healthpeak Properties's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Healthpeak Properties's last four quarterly filings that the numbers alone won't show?”
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