Healthpeak Properties, Inc (DOC) Fair Value & Analysis
Real Estate · US · Market cap $13.5B
Healthpeak Properties, Inc
DOC · US
Fair value as of: Jul 26, 2026
From 16 valuation models · updated 15 days ago
Share price −1.7% over the past month.
Below-average quality, and screening another 67% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case ($7.02). The favourable scenario is already priced in.
- Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 26, 2026.
How to read this chart
60‑month range $12.84 – $26.03 · the $21.41 price screens above the $7.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 26, 2026.
Analysis
Healthpeak Properties, Inc (DOC) currently trades at $21.41, while our model-based Fair Value estimate is $7.02, implying the stock looks roughly 67.2% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Healthpeak Properties, Inc generated revenue of $2.9B at a net margin of 7.7%. Revenue grew 7.1% year over year. It earns a return on equity of 2.8%. Net debt stands at $9.9B. Fundamentals as of Jul 26, 2026
The share trades near its 52-week high and 41% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -48% fair-value upside, at -67%, DOC screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: DCF Models ($27.39) versus Multiples ($1.76). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 26, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 43 · Market factors (momentum, volatility) 76
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Healthpeak Properties, Inc. is a Standard & Poor's 500 company that owns, operates, and develops high-quality real estate focused on healthcare discovery and delivery in the United States. Our company was originally founded in 1985. We are organized as an umbrella partnership REIT.
Full company description
Healthpeak Properties, Inc. is a Standard & Poor's 500 company that owns, operates, and develops high-quality real estate focused on healthcare discovery and delivery in the United States. Our company was originally founded in 1985. We are organized as an umbrella partnership REIT. We hold substantially all our assets and conduct our operations through our operating subsidiary, Healthpeak OP, a consolidated subsidiary of which we are the managing member. We are a Maryland corporation and qualify as a self-administered REIT. We are headquartered in Denver, Colorado, with additional corporate offices in California, Tennessee, Wisconsin, and Massachusetts and property management offices in several locations throughout the U.S. We have a diversified portfolio of high-quality healthcare properties across three core asset classes of outpatient medical, lab, and continuing care retirement community real estate. Under the outpatient medical and lab segments, we own, operate, and develop outpatient medical buildings, hospitals, and lab buildings. Under the CCRC segment, our properties are operated through RIDEA structures. We have other non-reportable segments that are comprised primarily of: (i) an interest in an unconsolidated joint venture that owns 19 senior housing assets, (ii) loans receivable, and (iii) a preferred equity investment. These non-reportable segments have been presented on a combined basis herein. At September 30, 2025, our portfolio of investments, including properties in certain of our unconsolidated joint ventures, consisted of interests in 703 properties: (i) Outpatient medical " 530 properties; (ii) Lab " 139 properties; (iii) CCRC " 15 properties; and (iv) Other non-reportable " 19 properties. Healthpeak Properties, Inc. was incorporated in 1985 in Maryland, USA.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Healthpeak Properties, Inc reported revenue of $2.8B in FY2025 versus $1.9B in FY2021, a compound +10.5%/yr. Reported net income was $71.3M in FY2025, compounding −38.7%/yr from FY2021.
DOC screens 67% overvalued. Compare with Welltower Inc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Healthpeak Properties Inc (DOC) (Q2 2026) Earnings Call Highlights: Strong Leasing Momentum and ...
- DOC Q2 FFO Beat Estimates on Leasing & Senior Housing Gains
- Is Wall Street Bullish or Bearish on Healthpeak Properties Stock?
- Healthpeak Properties, Inc. Q2 2026 Earnings Call Summary
Peer Group
REIT - Healthcare Facilities · 28 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs REIT - Healthcare Facilities median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more REIT - Healthcare Facilities stocks, each showing price versus our Fair Value estimate (as of Jul 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Welltower Inc WELL | $231.59 | $42.21 | -82% |
| Ventas, Inc VTR | $100.53 | $18.07 | -82% |
| Omega Healthcare Investors, Inc OHI | $51.72 | $33.69 | -35% |
| American Healthcare REIT, Inc AHR | $56.38 | $11.04 | -80% |
| CareTrust REIT, Inc CTRE | $43.25 | $23.07 | -47% |
| Healthcare Realty Trust Incorporated HR | $21.40 | $20.60 | -4% |
| Aedifica NV AED | €69.85 | €36.17 | -48% |
| Chartwell Retirement Residences CSHUN | C$22.81 | C$3.52 | -85% |
| Sabra Health Care REIT, Inc SBRA | $22.36 | $10.49 | -53% |
| National Health Investors, Inc NHI | $80.54 | $49.86 | -38% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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