Healthpeak Properties

Healthpeak Properties

Owns, builds, and manages healthcare facilities

Overview

Healthpeak Properties, a healthcare real estate investment trust, builds, owns, and manages facilities dedicated to healthcare discovery and outpatient care. Its properties house research labs, clinical spaces, and care campuses that enable scientists and clinicians to advance patient care. The company makes money by leasing and managing these specialized properties to hospitals, life-science tenants, and other healthcare providers, ensuring tenants have integrated space and services to operate efficiently. Compared with other real estate players, Healthpeak focuses on a targeted portfolio of health-care–oriented campuses and life-science facilities designed to support research, patient care, and outpatient services, rather than broad, general-use properties. The company’s goal is to accelerate scientific discovery, improve healthcare delivery, foster healthier populations, and generate value for shareholders by owning and operating high-quality, specialized healthcare real estate.

About Healthpeak Properties

Simplify's Rating
Why Healthpeak Properties is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Company Size

51-200

Company Stage

IPO

Headquarters

Irvine, California

Founded

1985

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Simplify's Take

What believers are saying

  • Q2 2026 revenue rose 11.1% to $771.6 million, and FFOA hit $0.46.
  • August 4, 2026 guidance lifted FFOA to $1.73-$1.77 and EPS to $0.48-$0.52.
  • Senior housing demand strengthened: July 31 bought St. Augustine community for $54 million.

What critics are saying

  • Life science occupancy reached 78.5%; Boston supply overhang still delays absorption.
  • Healthpeak's payout ratio hit 381.25%, leaving little room if growth stalls.
  • A failed life-science re-tenanting cycle traps capital and turns Healthpeak into a slow-growth landlord.

What makes Healthpeak Properties unique

  • Healthpeak owns outpatient medical, life science, and senior housing, reducing single-sector dependence.
  • The March 2026 Janus Living IPO monetized senior housing while Healthpeak retained 81.6% control.
  • Brookfield's April 2026 joint venture on 86 outpatient assets proves institutional demand.

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Funding

Total Funding

$4.7B

Above

Industry Average

Funded Over

5 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Hybrid Work Options

Stock Price

Company News

Realty Wire
Aug 1st, 2026
Healthpeak Properties buys St. Augustine, Fla., Senior Living community for $54 million.

Healthpeak Properties buys St. Augustine, Fla., Senior Living community for $54 million. Healthpeak Properties bought the Allegro Senior Living community in St. Augustine, Fla., for $54 million, adding to the healthcare REIT's senior housing portfolio amid strong sector-wide investor demand. Healthpeak Properties, the Denver-based, S&P 500 healthcare REIT, has bought the Allegro Senior Living community in St. Augustine, Fla., for $54 million, according to a July 31 report from the Jacksonville Daily Record. The 102,786-square-foot assisted living and memory care facility sits at 1101 Plantation Drive S. The seller was KAPG St. Augustine Senior Housing OpCo LLC, a St. Louis-based entity that had been the legally registered owner and licensee of the Allegro brand at the property, the Daily Record reported. Following the sale, the community no longer appears on Allegro Living's online portfolio of communities, and the property's dedicated website and phone number have been taken offline - signs the facility is being transitioned to new branding or management under its new owner. Healthpeak, founded in 1985, owns, operates and develops healthcare-focused real estate nationally, including medical office buildings, life-science campuses and senior housing communities. The St. Augustine purchase adds to a senior housing portfolio the company has been building alongside its office and lab holdings, as healthcare REITs broadly have leaned into senior living and outpatient medical assets as a growth category with demand tied to an aging U.S. population rather than to more cyclical office or retail leasing trends. St. Augustine, a historic coastal city in northeast Florida with a large and growing retiree population, has drawn steady institutional interest in senior housing assets in recent years. The $54 million price for a single community - well above the roughly $20 million threshold that typically distinguishes a notable single-property deal from a routine local transaction - reflects both the scale of the 102,786-square-foot property and continued investor appetite for stabilized senior living real estate in Sun Belt retirement markets. Healthpeak's core business spans three segments: outpatient medical office buildings typically anchored by hospital systems, life-science lab space concentrated in innovation hubs like Boston and the San Francisco Bay Area, and a senior housing operating portfolio that includes assisted living and memory care communities. The company has periodically rotated capital among those segments depending on where it sees the most favorable supply-demand dynamics, and senior housing has drawn increased attention across the REIT sector as occupancy has recovered from pandemic-era lows while new construction has remained constrained by high financing and labor costs. What it means. The deal adds to a wave of capital moving into senior housing this year. Healthpeak's larger peers have been signaling similar conviction: Welltower recently raised guidance as its senior housing net operating income grew 20.5% for a 15th consecutive quarter, and Ventas raised its 2026 senior housing investment target by 50% to $4.5 billion. Healthpeak's St. Augustine purchase, while modest next to those companies' portfolio-scale commitments, fits the same pattern: large, diversified healthcare REITs are increasingly competing for individual, well-located senior living assets as demographic tailwinds from an aging population make the sector one of the more resilient corners of commercial real estate.

NAI 500
Jul 21st, 2026
Brookfield-Healthpeak $2.1B deal: decoding BAM's cash-cow advantage.

Brookfield-Healthpeak $2.1B deal: decoding BAM's cash-cow advantage. Brookfield Asset Management (TSX:BAM) has struck a deal with Healthpeak Properties to create a joint venture targeting outpatient medical buildings across the United States. Under the agreement, Healthpeak will hold a 51% controlling stake and act as managing member, while Brookfield and its affiliates take the remaining 49% interest. Healthpeak contributed a portfolio of 86 properties valued at approximately $2.1 billion, receiving gross proceeds of about $1.03 billion for the minority stake sale. The portfolio spans 11 states including Kentucky, Indiana, Pennsylvania, Illinois, Minnesota, New Jersey and New York, is 95% leased, and carries a weighted average remaining lease term of roughly six years. Behind the transaction, some long-term investors are paying closer attention to Brookfield Asset Management itself - a company increasingly viewed as a cash-generative compounder worth holding for decades. The investment case rests on an exceptionally clean balance sheet and sustainable shareholder returns. BAM operates with a debt-to-equity ratio of just 16.3%, leaving it virtually debt-free. Profitability metrics are equally compelling: a 71% gross margin, a 50% net margin, and a free cash flow margin as high as 57.5% all point to powerful cash generation. A 31.4% return on equity and 15.4% return on total capital further illustrate how efficiently the firm puts its capital to work. These numbers are underpinned by an asset-light, fee-based business model. With more than $1 trillion in assets under management, predominantly from institutional clients such as pension funds and governments, Brookfield enjoys a steady stream of fee-related earnings. Off the balance sheet, the firm holds $67 billion in committed but undeployed capital. Once put to work, this dry powder should meaningfully boost fee-related profits. Another durable advantage is Brookfield's deeply embedded relationship network. Situated within the broader Brookfield ecosystem, the company has access to a vast pool of potential investors, ranging from major technology companies to sovereign governments. Bruce Flatt, a senior figure at the Brookfield corporate level, does not directly oversee BAM's fund operations. Yet his connections with global political and business leaders - including meetings with Donald Trump during his presidency to discuss nuclear power projects - can indirectly assist capital-raising efforts. For income-oriented investors, BAM currently offers a dividend yield of around 4%. While the stock trades at approximately 30 times conventional earnings, the multiple based on distributable earnings - a metric that better reflects the firm's capacity to pay dividends - is markedly lower. This suggests little immediate risk to the payout. With negligible leverage, high cash conversion, and a robust fundraising pipeline, Brookfield Asset Management possesses the structural traits many look for in a multi-decade holding. The outpatient medical building deal is merely the latest footnote in a much larger investment story.

MarketBeat
Jun 8th, 2026
WINTON GROUP Ltd boosts stake in Healthpeak Properties, Inc. $DOC.

WINTON GROUP Ltd boosts stake in Healthpeak Properties, Inc. $DOC. June 8, 2026 Key points. * WINTON GROUP Ltd sharply increased its position in Healthpeak Properties, boosting its stake by 568.3% in the fourth quarter to 133,210 shares worth about $2.14 million. * Healthpeak reported better-than-expected quarterly results, posting EPS of $0.45 versus $0.43 expected and revenue of $752.95 million, which was also above estimates and up 7.1% year over year. * The REIT also announced a monthly dividend of $0.1017 per share, implying an annualized yield of 6.2%, while analysts currently view the stock as a Hold with an average price target of $19.38. * MarketBeat previews the top five stocks to own by July 1st. WINTON GROUP Ltd increased its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 568.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 133,210 shares of the real estate investment trust's stock after purchasing an additional 113,276 shares during the period. WINTON GROUP Ltd's holdings in Healthpeak Properties were worth $2,142,000 at the end of the most recent reporting period. A number of other hedge funds have also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Healthpeak Properties by 7.0% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,935,397 shares of the real estate investment trust's stock worth $37,063,000 after buying an additional 126,322 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Healthpeak Properties by 41.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,236,534 shares of the real estate investment trust's stock worth $540,730,000 after buying an additional 8,212,504 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Healthpeak Properties by 30.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,906,824 shares of the real estate investment trust's stock worth $74,816,000 after buying an additional 907,509 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Healthpeak Properties by 48.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 238,700 shares of the real estate investment trust's stock valued at $4,571,000 after purchasing an additional 78,200 shares in the last quarter. Finally, NEOS Investment Management LLC raised its holdings in shares of Healthpeak Properties by 73.6% in the 3rd quarter. NEOS Investment Management LLC now owns 144,406 shares of the real estate investment trust's stock valued at $2,765,000 after purchasing an additional 61,239 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock. Insiders place their bets. In related news, insider Scott R. Bohn sold 10,989 shares of the business's stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $19.45, for a total value of $213,736.05. Following the completion of the sale, the insider directly owned 7,636 shares of the company's stock, valued at $148,520.20. The trade was a 59.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is currently owned by company insiders. Healthpeak Properties price performance. Shares of DOC opened at $19.80 on Monday. Healthpeak Properties, Inc. has a twelve month low of $15.70 and a twelve month high of $20.27. The firm's fifty day simple moving average is $17.96 and its 200-day simple moving average is $17.39. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 61.87, a PEG ratio of 3.09 and a beta of 1.05. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.15. Discover more Stock Market Holidays EV Market Report Stock Average Calculator Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.02. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. The business had revenue of $752.95 million for the quarter, compared to analyst estimates of $694.59 million. During the same period last year, the business earned $0.46 EPS. The company's revenue was up 7.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. Equities analysts forecast that Healthpeak Properties, Inc. will post 1.74 EPS for the current fiscal year. Healthpeak Properties dividend announcement. The business also recently declared a monthly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 15th will be given a $0.1017 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%. Healthpeak Properties's payout ratio is 381.25%. Wall Street analysts forecast growth. A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Healthpeak Properties from $18.00 to $20.00 and gave the company an "overweight" rating in a report on Friday, May 22nd. Wells Fargo & Company raised their price objective on shares of Healthpeak Properties from $18.00 to $20.00 and gave the company an "equal weight" rating in a report on Monday, June 1st. Robert W. Baird raised their price objective on shares of Healthpeak Properties from $19.00 to $21.00 and gave the company an "outperform" rating in a report on Wednesday, May 13th. Evercore lowered shares of Healthpeak Properties from an "outperform" rating to an "in-line" rating and set a $21.00 price objective on the stock. in a report on Monday, May 11th. Finally, Citigroup raised their price objective on shares of Healthpeak Properties from $17.50 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $19.38. Healthpeak Properties company profile. Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets. Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies. Want to see what other hedge funds are holding DOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthpeak Properties, Inc. (NYSE:DOC - Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Healthpeak Properties, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Healthpeak Properties wasn't on the list. While Healthpeak Properties currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

128 Business Council
May 19th, 2026
Celebrating the member companies powering The Grid.

Celebrating the member companies powering The Grid. May 19, 2026 Applauding the member companies behind The Grid's success 128 Business Council Awards & Recognition Community Spotlight The Grid Shuttles Boston Dynamics' Danny McInnis, BXP's Christine Bouffard, 128 Business Council's Lisa Stiglich, and Healthpeak's Matt Needle At 128 Business Council's 2026 Annual Meeting, 128 Business Council were proud to recognize three standout members of its cooperative shuttle network, The Grid. This year's Annual Meeting also featured the panel "Playbook 2030: A Shared Agenda for a Thriving Corridor," a cross-sector conversation about what it will take for the Route 128 West Corridor to thrive in the years ahead. 128 Business Council is both a Transportation Management Association (TMA) and a shuttle service provider. As a TMA, 128 Business Council bring employers, property owners, municipalities, and institutions together to solve transportation challenges that no single organization can solve alone. Through its ten-route shuttle system, The Grid, 128 Business Council operate a unique national model in which member companies and communities cooperatively fund shared routes. Each route serves multiple sites, connecting those sites to regional transit hubs, including Alewife Station, Waltham Center, and Newton Highlands. All of The Grid's shared routes are open to the public. The three awards presented at the Annual Meeting recognize especially impressive contributions within that cooperative network. These awards highlight three standout members, but every 128 Business Council member deserves credit for connecting their own transportation needs to a broader community benefit: public routes, reduced driving alone, improved economic access, and stronger connections between workplaces, transit, and the communities around them. Member Impact Award. 128 Business Council's Member Impact Award went to Healthpeak Properties. During the 12-month award period, Healthpeak-supported sites had the highest total ridership across The Grid with 26,055 rides associated with stops at 55/65/75 Hayden Ave, 200 Smith St, and 101 Hartwell Ave. That ridership represents at least 187,171 miles not taken in single-occupancy vehicles, at least 7,157 hours reclaimed from driving alone, and at least 114,642 pounds of carbon kept out of the atmosphere. The award was accepted by Healthpeak Senior Property Manager Matt Needle. Member Access Award. Its Member Access Award went to BXP for expanding access to The Grid and enabling service at a number of cooperatively funded stops. Taken together, BXP supported or enabled 30,363 rides associated with stops at 180 Third Ave, 230 Third Ave, 77 Fourth Ave, 480/500 Totten Pond Rd, 200 West St, 880 Winter St, 140 Kendrick St, and 950 Winter St. That ridership represents at least 305,299 miles not taken in single-occupancy vehicles, at least 12,833 hours reclaimed from driving alone, and at least 186,995 pounds of carbon kept out of the atmosphere. The award was accepted by BXP Regional Property Manager Christine Bouffard, who also serves on the 128 Business Council Board of Directors. Member Engagement Award. The Member Engagement Award went to Boston Dynamics for achieving the highest ridership per capita across the entire Grid system during the 12-month award period. Boston Dynamics-supported sites showed an exceptional level of service awareness and shuttle engagement, with ridership associated with stops at 80 Second Ave and 360 Second Ave. (Boston Dynamics also participates in The Grid stop at 200 Smith St.) That ridership represents at least 42,309 miles not taken in single-occupancy vehicles, at least 1,827 hours reclaimed from driving alone, and at least 25,914 pounds of carbon kept out of the atmosphere. The award was accepted by Boston Dynamics Director of Facilities Danny McInnis. The ridership impact statistics above should be understood as estimated minimums, since they only reflect time riders spend on The Grid shuttles and do not include connecting trips by foot, bike, or MBTA.

Yahoo Finance
May 7th, 2026
Healthpeak Properties Q1 FFOA beats estimates by 4.7% on steady outpatient and lab leasing

Healthpeak Properties reported first-quarter 2026 funds from operations as adjusted of 45 cents per share, beating the Zacks Consensus Estimate by 4.7% but declining 2.2% year over year. Total revenues rose 7.1% year over year to $752.95 million, exceeding consensus estimates by 12.1%. The company executed 1.2 million square feet of combined outpatient medical and lab lease transactions. Outpatient medical showed strength with 195,000 square feet in new leases and 868,000 square feet in renewals, achieving 5.4% cash releasing spreads. Lab leasing totalled 141,000 square feet with more modest 3.5% spreads. The quarter featured completion of the Janus Living IPO, generating approximately $880 million in net proceeds. Healthpeak retains 81.6% ownership. Operating and interest expenses increased year over year, reflecting higher cost pressures.

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