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DOC Financials Healthpeak Properties

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 6.7% per year over the past 5 years.
  • Net income has grown slower than revenue (-29.6% vs 6.7% per year).

Financial health

  • Total debt ($9.8B) exceeds cash ($467M); net debt is $9.4B.
  • Total debt has grown in line with revenue (8.3% vs 6.7% per year).

Shareholder returns

  • Dividends have been paid for 15 consecutive years, consuming 1190.1% of earnings and 237.8% of free cash flow.
  • The dividend has grown 1.5% per year over the past 5 years.
Revenue & net income
-$559M $251M $1B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-181% 277% 736% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$62M $457M $976M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $5B $11B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$5B -$864M $3B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $604M $71M 0.0% 0.0% $357M $9.8B $467M
2024 $568M $243M -89.1% 0.0% $334M $8.7B $120M
2023 $527M $306M -71.0% 0.0% $182M $6.9B $118M
2022 $495M $500M -74.4% 0.0% -$62M $6.5B $72M
2021 $471M $506M -64.1% 0.0% $36M $6.2B $158M
2020 $436M $414M -79.3% 0.0% -$30M $6.6B $44M
2019 $144M $46M -180.8% 0.0% $169M $6.3B $80M
2018 $144M $1.1B -162.6% 0.0% $288M $5.5B $54M
2017 $524M $414M -27.1% 0.0% $375M $7.8B $55M
2016 $628M $755M $9.1B $95M
2015 -$559M $837M $11.0B $347M
2014 $922M $976M $9.7B $182M
2013 $971M $8.6B $301M
2012 $833M $8.6B $248M
2011 $539M $7.6B $34M

Valuation over time

How the market has priced DOC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 102.6 205.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 14.9 29.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 4.3 8.7 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is DOC growing its revenue and profit?

Over the past 5 years, Healthpeak Properties's revenue has grown 6.7% per year, and net income declined 29.6% per year. These are computed facts, not advice.

How much debt does DOC have?

As of FY2025, Healthpeak Properties reported $9.8B of total debt against $467M of cash.

What is DOC's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 11.8%.

What is DOC's P/E ratio?

As of Jun '26, Healthpeak Properties traded at a price-to-earnings ratio of about 205.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.