Healthpeak Properties, Inc. (DOC) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Healthpeak Properties reported revenue of $2.82B, up 4.5% from $2.70B the year before. Net income was $71.3M (a 2.5% net margin), or $0.10 per diluted share. Gross margin was 7.6% and operating margin was -32.0%. Operating activities generated $1.25B of cash, leaving $357.0M of free cash flow. At fiscal year end, Healthpeak Properties held $20.34B in total assets against $12.03B in total liabilities, including $467.5M of cash and equivalents.
Open the full interactive Healthpeak Properties financials → Quarterly statements, key ratios, valuation history and price charts.
Healthpeak Properties Key Stats
| Share Price | $18.98 |
|---|---|
| Market Cap | $13.09B |
| P/E Ratio | 189.8 |
| Dividend Yield | 6.46% |
| Revenue YoY Growth | +4.5% |
| 52-Week Range | $15.03 – $22.59 |
| Shares Outstanding | 689.9 million (basic, 2026 Q2) |
Healthpeak Properties Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.64B | $1.90B | $2.06B | $2.18B | $2.70B | $2.82B |
| Cost of Goods Sold | — | — | — | — | — | $2.61B |
| Gross Profit | — | — | — | — | — | $214.3M |
| Operating Income | — | — | — | — | — | -$902.8M |
| Pre-Tax Income | $217.7M | $128.4M | $507.1M | $314.9M | $273.2M | $284.3M |
| Income Tax | -$9.4M | -$3.3M | -$4.4M | -$9.6M | $4.3M | $9.3M |
| Net Income | $413.6M | $505.5M | $500.4M | $306.0M | $243.1M | $71.3M |
| Diluted EPS | $0.77 | $0.93 | $0.92 | $0.56 | $0.36 | $0.10 |
Healthpeak Properties Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $705.9M | $719.4M | $753.0M | $771.6M |
| Net Income | -$117.1M | $114.0M | $193.6M | $52.8M |
| Diluted EPS | -$0.17 | $0.16 | $0.28 | $0.08 |
Healthpeak Properties Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $44.2M | $158.3M | $72.0M | $117.6M | $119.8M | $467.5M |
| Total Assets | $15.92B | $15.26B | $15.77B | $15.70B | $19.94B | $20.34B |
| Total Long-Term Debt | $6.62B | $6.17B | $6.50B | $6.88B | $8.72B | $9.85B |
| Total Liabilities | $8.58B | $8.11B | $8.48B | $8.77B | $10.88B | $12.03B |
| Shareholders' Equity | $6.79B | $6.52B | $6.65B | $6.35B | $8.40B | $7.50B |
Healthpeak Properties Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $758.4M | $795.2M | $900.3M | $956.2M | $1.07B | $1.25B |
| Cash From Investing | -$1.01B | $531.0M | -$876.3M | -$576.8M | -$113.8M | -$1.03B |
| Cash From Financing | $246.4M | -$1.29B | -$116.5M | -$337.3M | -$941.4M | $136.1M |
| Free Cash Flow | -$30.5M | $35.5M | -$61.7M | $181.7M | $333.7M | $357.0M |
| Dividends Paid | $787.1M | $650.1M | $648.0M | $657.0M | $794.8M | $849.1M |
Figures from Healthpeak Properties' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Healthpeak Properties financials page for every line item.
Healthpeak Properties Company Profile
| Ticker | DOC |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Denver, Colorado |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000765880 |
Frequently Asked Questions
What was Healthpeak Properties' revenue in fiscal 2025?
Healthpeak Properties (DOC) reported revenue of $2.82B for fiscal 2025.
What is Healthpeak Properties' annual revenue history?
Healthpeak Properties' annual revenue by fiscal year: 2020: $1.64B; 2021: $1.90B; 2022: $2.06B; 2023: $2.18B; 2024: $2.70B; 2025: $2.82B.
What was Healthpeak Properties' net income in fiscal 2025?
Healthpeak Properties reported net income of $71.3M for fiscal 2025.
What was Healthpeak Properties' earnings per share (EPS) in fiscal 2025?
Healthpeak Properties' diluted EPS was $0.10 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Healthpeak Properties generate in fiscal 2025?
Healthpeak Properties generated $357.0M of free cash flow in fiscal 2025.
What was Healthpeak Properties' revenue last quarter?
In its most recent reported quarter (2026 Q2), Healthpeak Properties reported revenue of $771.6M.
How much debt does Healthpeak Properties have?
Healthpeak Properties reported $9.85B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Healthpeak Properties are outstanding?
Healthpeak Properties reported a weighted average of 689.9 million basic shares outstanding in 2026 Q2.
What is Healthpeak Properties' market cap?
Based on its latest closing price, Healthpeak Properties (DOC) has a market capitalization of about $13.09B.
When does Healthpeak Properties' fiscal year end?
Healthpeak Properties' fiscal year end, as registered with the SEC, is December 31.
Where is Healthpeak Properties headquartered?
Healthpeak Properties lists its business address in Denver, Colorado in its SEC filings.