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Healthpeak Properties

Owns and develops healthcare real estate

Overview

Healthpeak Properties is a real estate investment trust that owns and develops healthcare properties, including life science labs, outpatient medical offices, and senior housing. It earns rental income by leasing these properties to life science firms, hospitals, and senior-care providers, and expands through targeted acquisitions and development in key markets like San Francisco, Boston, and San Diego. The company differentiates itself by focusing on stable private-pay segments, concentrating on healthcare real estate in top biotech hubs, and owning on-campus medical office buildings anchored by hospitals. Its goal is to support the future of healthcare delivery and discovery by owning, developing, and managing the spaces where medical breakthroughs happen and patient care is provided.

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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

Real EstateHealthcare

Company Size

201-500

Company Stage

IPO

Headquarters

Denver, CO

Founded

1985

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What believers are saying

  • Q3 2026 revenue rose 16.3% to $820.9 million; outpatient leasing stayed strong.
  • Senior housing same-store NOI jumped 25.9% in Q3 2026 through Janus Living.
  • October 2026 term-loan amendment added $500 million capacity, supporting acquisitions and refinancings.

What critics are saying

  • Q3 2026 FFO per share fell to $0.44, signaling weak per-share growth.
  • $650 million senior notes need refinancing; higher rates threaten dividend coverage in 2027.
  • Lab acquisitions at 41% occupancy depend on leasing; another weak cycle traps capital.

What makes Healthpeak Properties unique

  • Healthpeak owns outpatient, lab, and senior housing assets across healthcare demand cycles.
  • Brookfield JV and Janus Living split create capital recycling and operating focus.
  • Cambridge, San Diego, and Boston clusters anchor scarce, institutionally valued lab portfolios.

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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

Growth & Insights and Company News

6 month growth

0%

1 year growth

-1%

2 year growth

0%
Bisnow
Nov 10th, 2026
Kraft Group seeks to build $16B data center campus: The Boston deal sheet.

Kraft Group seeks to build $16B data center campus: The Boston deal sheet. The owner of the New England Patriots is getting into the data center game and planning a rare large-scale development in Massachusetts. The Kraft Group has proposed a $16B data center campus that, if fully built out, would span 10 buildings and draw 900 megawatts of power, MassLive first reported. The project in the small town of Sutton, about 10 miles south of Worcester, would be the largest of its kind in New England. If approved, the company aims to open the first two buildings in 2029 and two additional buildings each year through 2033. The first two buildings would pay roughly $10.4M annually in property taxes starting in fiscal year 2031. The Kraft Group is owned by Patriots owner Robert Kraft. The land is owned by Kraft's Unified Global Packaging Group, The Boston Globe reported. Data center development in Massachusetts has been slow as the state's limited land and access to power haven't attracted much investment. Additionally, Gov. Maura Healey signed an executive order in September adding new hurdles for the industry that some experts expected would keep large developers out of the state. In other parts of the state, communities have made it clear that data center development is unwelcome. Last month, the Westfield Planning Board denied a permit extension to developer Servistar Realties for its more than 150-acre, $4B data center proposal. LaSalle Investment Management acquired a 54K SF truck terminal in Northborough for $36M. The seller was NorthBridge Partners. The 25-acre site at 300 Bartlett St. is fully leased to FedEx Freight. A JLL Capital Markets team led by Michael Restivo, David Coffman and Tommy Hovey represented the seller. Hersha Hotels & Resorts sold the 130-room Home2 Suites Boston South Bay hotel to an undisclosed buyer. The hotel at 15 Jan Karski Way in Dorchester was completed in 2020. The property is adjacent to the South Bay shopping center. JLL's Alan Suzuki, Matthew Enright and Alexa Amorosino represented the seller. Healthpeak is under contract to acquire the remaining 51% ownership interest in its 100 Acorn Park Drive property in Cambridge for $36M, according to the REIT's third-quarter earnings. Healthpeak acquired the 605K SF Cambridge Discovery Park campus for $664M in 2020 with Bulfinch Cos., which bought the majority stake in the Acorn Park Drive property. The building is 53% leased. The pending transaction would give Healthpeak full ownership of its four-building campus. WinnDevelopment locked down $48M in construction financing for its 116-unit mixed-income The Waterhouse community for deaf, deafblind and hard-of-hearing seniors in Danvers. WinnDevelopment has partnered with the New England Homes for the Deaf on the project. The 137K SF development is underway, with completion scheduled for spring 2028. MassDevelopment provided a $1.8M bridge loan to an affiliate of Bluestone Residential for the conversion and renovation of a former Worcester industrial building into 58 apartments. Bluestone is partnering with Civico Development on the project. The project has also secured a $7.5M loan from Clinton Savings Bank and $2.5M in historic rehabilitation tax credits. The development is expected to be completed within the next two years. CONSTRUCTION AND DEVELOPMENT JGE Development has broken ground on its Mission Hill Pathway development, which consists of 48 homeownership units, public open space and sustainable design. The project's sponsor is ODJ Dev. LLC, a collaboration of local affordable housing developers Oxbow Urban, DMV and JGE Development. The project will be built across several formerly vacant city-owned properties. Construction is set to be completed in 2028.

Evanston RoundTable
Nov 5th, 2026
Trulee Evanston sells for $79 million to real estate investment trust.

Trulee Evanston sells for $79 million to real estate investment trust. Boston-based AEW Capital Management sold the retirement complex Trulee Evanston, 1815 Norwood Court, to real estate investment trust Healthpeak Properties on Sept. 1 for $79 million, Cook County Clerk property records indicate. The 160-unit, nine-story building is run by Denver-based Solera Senior Living, which will continue operating the community under the new ownership, according to the release. The building offers 127 independent or assisted living units and 33 memory care units. "Trulee Evanston represents a differentiated, high-quality seniors housing asset in one of Chicagoland's most desirable and supply-constrained submarkets," Dave Fasano, senior managing director at Berkadia, said in the release. "The community's luxury positioning, demonstrated operating momentum, and central Evanston location created a compelling opportunity for a long-term institutional owner." Plans for Trulee began in 2015, but the community did not open until 2021. The RoundTable contacted Berkadia, AEW Capital Management, Healthpeak Properties and Solera Senior Living for more information about the sale, but none replied.

Transcript Daily
Nov 4th, 2026
Healthpeak Properties (NYSE:DOC) announces FY 2026 earnings guidance.

Healthpeak Properties (NYSE:DOC) announces FY 2026 earnings guidance. Healthpeak Properties (NYSE:DOC - Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 1.760-1.780 for the period, compared to the consensus EPS estimate of 1.770. Healthpeak Properties price performance. Shares of NYSE DOC opened at $19.63 on Wednesday. Healthpeak Properties has a fifty-two week low of $15.70 and a fifty-two week high of $22.95. The business has a 50 day moving average price of $19.82 and a two-hundred day moving average price of $19.16. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.06. The firm has a market cap of $13.53 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 2.41 and a beta of 1.01. Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.41). Healthpeak Properties had a return on equity of 4.25% and a net margin of 12.32%. The business had revenue of $820.89 million for the quarter, compared to analysts' expectations of $739.18 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Healthpeak Properties's revenue for the quarter was up 16.3% compared to the same quarter last year. Sell-side analysts expect that Healthpeak Properties will post 1.77 earnings per share for the current fiscal year. Healthpeak Properties dividend announcement. The business also recently declared a monthly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Friday, December 18th will be given a dividend of $0.1017 per share. The ex-dividend date of this dividend is Friday, December 18th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.2%. Healthpeak Properties's dividend payout ratio (DPR) is presently 225.93%. Analysts set new price targets. A number of analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Healthpeak Properties from $21.00 to $24.00 and gave the stock an "outperform" rating in a research note on Monday, August 10th. Citigroup increased their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Barclays reduced their price objective on shares of Healthpeak Properties from $24.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 13th. Weiss Ratings lowered shares of Healthpeak Properties from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, September 16th. Finally, UBS Group dropped their target price on shares of Healthpeak Properties from $21.50 to $20.00 and set a "neutral" rating for the company in a research report on Tuesday, October 13th. Four research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Healthpeak Properties currently has an average rating of "Hold" and a consensus target price of $21.47. More Healthpeak Properties news. Here are the key news stories impacting Healthpeak Properties this week: * Healthpeak raised its full-year 2026 adjusted FFO guidance to $1.76-$1.78 per share, a range that brackets the $1.77 consensus estimate. Third-quarter adjusted FFO of $0.44 also topped the $0.43 estimate. * Operating activity was supportive: outpatient medical lease executions totaled 846,000 square feet, while senior housing growth and outpatient leasing helped drive results. Revenue rose 16.3% year over year. * Healthpeak is targeting a two- to three-year lease-up for lab properties tied to acquisitions that are about 41% occupied. Longer-term leasing could add income, but occupancy needs time to improve. * Adjusted FFO declined from $0.46 per share a year earlier, and reported GAAP EPS of $0.02 was well below the cited $0.43 consensus. Coverage also flagged refinancing risk, which may weigh on investor confidence amid ongoing financing needs. About Healthpeak Properties. Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, operates and develops healthcare-related real estate in the United States. The company primarily serves healthcare providers, research organizations and senior-care operators through a portfolio of specialized properties. Its main activities include the ownership and leasing of outpatient medical office buildings, life science facilities and senior housing properties. These assets support services such as physician practices, ambulatory care, medical research and senior living. Receive News & Ratings for Healthpeak Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthpeak Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Yahoo Finance
Nov 4th, 2026
Healthpeak shares flat after Q3 as $650M refinancing risk offsets raised FFO guidance

Healthpeak Properties' shares rose about 0.4% to $19.56 after its third-quarter 2026 results, and are down roughly 10% over three months. The healthcare property owner reported adjusted funds from operations of $0.44 per share and raised full-year guidance again. Revenue rose about 16% to $820.9 million. Net income was $17.1 million, against a loss of $117.3 million a year earlier. Outpatient occupancy stood at 90.3%, and lab occupancy rose to 79.8%. Senior housing same-store net operating income grew 26%. Net debt to adjusted EBITDA held at 4.7x. Refinancing remains a risk. Healthpeak must refinance $650 million of senior notes that carry a coupon of about 3.5%, which could raise its interest costs.

Realty Wire
Nov 3rd, 2026
Healthpeak raises 2026 guidance and bets $233 million on half-empty lab buildings.

Healthpeak raises 2026 guidance and bets $233 million on half-empty lab buildings. Healthpeak lifted its 2026 FFO guidance to $1.76-$1.78 a share and is buying four lab buildings that average 41% occupancy, while senior housing NOI at Janus Living jumped 25.9%. Healthpeak Properties is buying lab buildings that are mostly empty. The Denver-based health care REIT said it has acquired or agreed to acquire four life science buildings for about $233 million, with a blended occupancy of 41% across the three transactions. The purchases came alongside third-quarter results in which the company raised its full-year earnings guidance and its senior housing business grew same-store NOI 25.9%. The details are in Healthpeak's third-quarter 2026 earnings release, dated Nov. 2, 2026 and filed with the Securities and Exchange Commission. Healthpeak (NYSE: DOC) owns outpatient medical, lab and senior housing properties, and the quarter showed those three businesses heading in different directions. Healthpeak's bet on lab vacancy. Lab was the weakest of the three segments in the quarter. Same-store adjusted NOI in the segment fell 0.7% from a year earlier. The company said lab occupancy rose 130 basis points from the second quarter and 270 basis points since the end of 2025, and it signed 480,000 square feet of lab leases in the quarter, bringing the year-to-date total to 1.0 million. The acquisitions are an attempt to buy into that recovery at a low entry point. In San Diego's Sorrento Mesa submarket, Healthpeak acquired the senior construction loan on HQ Point and then the remaining equity interest, for a combined $105 million. The deal closed Sept. 30, 2026. HQ Point is a two-building, 236,000-square-foot lab campus that is 29% occupied. Two more purchases are under contract. One is a 145,000-square-foot building in South San Francisco for about $92 million, which is 49% occupied. The other is the remaining 51% interest in 100 Acorn Park Drive in Cambridge, Mass., a 129,000-square-foot building that is 53% occupied, for about $36 million. Healthpeak put the three deals' current cash yield at about 5% and said it expects a stabilized cash yield of about 9% to 10% once the space is leased. On its reading, the gap between today's yield and the stabilized target is the bet. If tenants fill the space, Healthpeak's returns rise toward that target. If lab demand stays weak, the company will be carrying more vacant space. Senior housing and outpatient medical results. Senior housing is now held through Janus Living (NYSE: JAN), the separately listed subsidiary in which Healthpeak owned 69% at Sept. 30, or 214.7 million shares and operating partnership units. Janus Living's third-quarter revenue rose 78% to $268 million and adjusted EBITDAre rose 101% to $105 million. Same-store adjusted NOI rose 25.9% and margins widened 360 basis points. Janus closed $1.75 billion of acquisitions in the quarter and about $370 million more through Oct. 30, with roughly $82 million under binding agreements. Outpatient medical, at 54.4% of same-store NOI the largest segment, grew same-store NOI 3.1%. Healthpeak executed 846,000 square feet of new and renewal outpatient leases in the quarter and 3.2 million square feet so far this year. In October it bought Westway One, a 146,000-square-foot Class A medical training facility in Houston, for $38 million. The building is fully leased to affiliates of HCA Healthcare with 11 years left on the lease, at an initial cap rate of about 7.4%. The release also restates the deal that reshaped the outpatient portfolio in July. Healthpeak contributed 86 outpatient medical properties, valued at about $2.1 billion, to a joint venture with affiliates of Brookfield Asset Management and received about $1.025 billion for selling a 49% interest. Earnings and the raised guidance. Total same-store adjusted NOI rose 3.6%. Healthpeak earned $0.02 a diluted share, compared with a loss of $0.17 a year earlier. Nareit FFO was $0.43 a share and FFO as adjusted was $0.44, down from $0.45 and $0.46. Revenue rose to $820.9 million from $705.9 million. The company raised its 2026 FFO as adjusted guidance to $1.76 to $1.78 a share, from $1.73 to $1.77 in August, a 2-cent increase at the midpoint. It lifted its forecast for total same-store cash NOI growth to 0.5% to 2.0%, from 0% to 1.5%. Earnings-per-share guidance fell to $0.39 to $0.41 from $0.48 to $0.52, which the company attributed to depreciation and amortization from Janus Living's senior housing acquisitions. Healthpeak said that change does not affect FFO as adjusted. Healthpeak also entered into a new $500 million unsecured delayed-draw term loan in October, priced at SOFR plus 80 basis points and maturing in October 2030. The loan was undrawn at closing. Net debt was 4.7 times adjusted EBITDAre, and liquidity was $3.8 billion as of Oct. 30. The monthly dividend is $0.10167 a share, or $1.22 annualized. After quarter-end, Healthpeak said 643,000 square feet of lab space and 1.3 million square feet of outpatient space were executed or under letter of intent after quarter-end. In August, the company raised guidance on a 19.2% senior housing gain, and Janus Living has since expanded its revolving credit line to $1.25 billion to keep buying. More REIT coverage is in RealtyWire's commercial real estate section.

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