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Healthpeak Properties, Inc. DOC

Listed / Traded Health Care NYSE Mgmt:

Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate focused on healthcare discovery and delivery.

Snapshot

Price
$19.40
Market cap
$13.37B
Enterprise value
$22.92B
Dividend yieldi
6.29%
Annual dividendi
$1.22
Frequency
Monthly
FFO / sharei
$0.42 · Q1 2026
FFO as Adjusted / sharei
$0.45 · Q1 2026
Net debt / EBITDAi
5.40x · Adj. EBITDA
Op. cash flow / sharei
$1.80
Price / OCFi
10.79
Payout (% of OCF)i
67.83%
Debt / book capitali
57.79%
Premium / disc. to NAVi
No free consensus-NAV source
Credit ratingi
No free ratings feed

Reported FFO / FFO as Adjusted / leverage are from the Q1 2026 earnings release (filed 2026-05-05) — 8-K, EX-99.1.

Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.

Balance sheet (latest FY: 2025)

Total debt
$10.44B
Cash
$537.70M
Net debt / EBITDAi
5.35x
Debt / book capitali
57.79%
Total assets
$20.34B
Total equity
$7.50B
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Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.

Financial history

FYRevenueNet incomeD&A EBITDAOp. cash flow
2025 $2.82B $71.35M $1.06B $1.47B $1.25B
2024 $2.70B $243.14M $1.06B $1.61B $1.07B
2023 $2.18B $306.01M $749.90M $1.27B $956.24M
2022 $2.06B $500.45M $710.57M $1.39B $900.26M
2021 $1.90B $505.54M $684.29M $970.63M $795.25M
2020 $1.64B $413.56M $697.14M $1.13B $758.43M

Dividends

Ex-dateRecordPaymentDeclaredAmountFreq.
2026-06-152026-06-152026-06-26 2026-04-06$0.10Monthly
2026-05-182026-05-182026-05-29 2026-04-06$0.10Monthly
2026-04-172026-04-172026-04-30 2026-04-06$0.10Monthly
2026-03-172026-03-172026-03-31 2026-01-04$0.10Monthly
2026-02-132026-02-132026-02-27 2026-01-04$0.10Monthly
2026-01-162026-01-162026-01-30 2026-01-04$0.10Monthly
2025-12-192025-12-192025-12-30 2025-10-06$0.10Monthly
2025-11-142025-11-142025-11-26 2025-10-06$0.10Monthly
2025-10-172025-10-172025-10-30 2025-10-06$0.10Monthly
2025-09-192025-09-192025-09-30 2025-07-07$0.10Monthly
2025-08-182025-08-182025-08-29 2025-07-07$0.10Monthly
2025-07-182025-07-182025-07-31 2025-07-07$0.10Monthly
2025-06-162025-06-162025-06-27 2025-04-07$0.10Monthly
2025-05-192025-05-192025-05-30 2025-04-07$0.10Monthly
2025-04-172025-04-182025-04-30 2025-04-07$0.10Monthly
2025-02-142025-02-142025-02-26 2025-02-03$0.30Quarterly
2024-11-042024-11-042024-11-15 2024-10-24$0.30Quarterly
2024-08-052024-08-052024-08-16 2024-07-24$0.30Quarterly
2024-05-032024-05-062024-05-17 2024-04-25$0.30Quarterly
2024-02-132024-02-142024-02-26 2024-01-31$0.30Quarterly
2024-01-022024-01-032024-01-18 2023-12-21$0.23Quarterly
2023-11-062023-11-072023-11-20 2023-10-29$0.30Monthly
2023-10-022023-10-032023-10-17 2023-09-21$0.23Irregular
2023-08-042023-08-072023-08-18 2023-07-27$0.30Monthly

Coverage (payout of operating cash flow): 67.83%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).

Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.

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