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Healthpeak Properties Inc (DOC) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

REAL ESTATE · Health Care REITs · DATA UPDATED 2026-09-19

Healthpeak Properties Inc (DOC) operates in the Health Care REITs industry and is headquartered in Denver, United States with about 411 employees. Its market capitalization is roughly $14 billion. In the fiscal year ended 2025-12-31, DOC reported $2.8B in revenue and $71M in net income.

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 for healthcare discovery and delivery. Healthpeak Properties, Inc. is based in Denver, Colorado. Healthpeak Properties, Inc.

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DOC Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Revenue$3.0B$2.8B$2.7B$2.2B$2.1B$1.9B$1.6B$1.2B$1.2B$1.8B$2.1B$1.9B$1.6B$2.1B$1.9B$1.7B$1.3B$1.2B$1.0B$983M$619M
Gross Profit$635M$1.6B$1.3B$1.2B$1.1B$862M$835M$813M$1.2B$1.4B$1.3B$1.3B$1.8B$1.6B$1.5B$1.0B$971M$833M$796M$530M
Gross Margin %22.5%60.2%58.6%58.1%59.2%52.4%67.3%68.2%63.9%65.3%68.5%76.7%85.8%85.1%87.1%83.2%83.9%81.2%81.0%85.6%
Operating Income (EBIT)$527M$544M$471M$434M$357M$340M$215M$307M$311M$559M$719M$729M$719M$1.3B$1.2B$1.0B$361M$471M$251M$451M$338M
Operating Margin %17.9%19.3%17.4%19.9%17.3%17.9%13.1%24.8%26.1%30.2%33.8%37.6%43.9%60.7%62.6%61.0%28.8%40.7%24.5%45.9%54.6%
Net Income$244M$71M$243M$306M$500M$506M$414M$46M$1.1B$414M$628M($559M)$922M$971M$833M$539M$331M$130M$448M$589M$418M
Net Margin %8.3%2.5%9.0%14.0%24.3%26.7%25.1%3.7%89.1%22.4%29.5%-28.8%56.3%46.2%44.3%31.8%26.4%11.2%43.7%60.0%67.5%
EBITDA$1.5B$1.6B$1.3B$1.4B$971M$1.1B$1.1B$1.6B$1.3B$1.4B$1.1B$1.2B$1.7B$1.5B$1.3B$962M$791M$914M$752M$486M
Earnings Per Share (EPS)$0.35$0.10$0.36$0.56$0.93$0.94$0.78$0.09$5.66$2.46$4.81$-1.22$2.01$2.13$1.94$1.35$1.08$0.47$1.88$2.81$2.81
Shares Outstanding (M)696M676M547M539M539M531M489M188M168M130M459M456M428M400M307M275M238M209M149M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DOC Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue$772M$753M$719M$706M$694M$703M$698M$700M$696M
Gross Profit($150M)($627M)$414M$418M$430M$421M$420M$422M
Gross Margin %-20.0%-87.2%58.6%60.2%61.1%60.3%60.0%60.6%
Operating Income (EBIT)$132M$117M$146M$132M$131M$135M$123M$117M$111M
Operating Margin %17.1%15.5%20.3%18.7%18.9%19.2%17.6%16.7%16.0%
Net Income$53M$194M$114M($117M)$32M$43M$5M$86M$146M
Net Margin %6.9%25.7%15.8%-16.6%4.6%6.1%0.7%12.3%21.0%
EBITDA$577M$422M$404M$381M$396M$342M$453M$514M
Earnings Per Share (EPS)$0.08$0.28$0.16$-0.17$0.05$0.06$0.01$0.12$0.21
Shares Outstanding (M)695M696M696M697M699M700M700M703M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DOC Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Cash from Operations (CFO)$1.2B$1.3B$1.1B$956M$900M$795M$758M$846M$849M$847M$1.2B$1.2B$1.2B$1.1B$1.0B$724M$580M$516M$569M$453M$334M
Capital Expenditures (CapEx)$134M$116M$114M$109M$111M$639M$2.0B$35M$23M$11M$5M$1M$126M$1M$53M$305M$137M$216M$887M$480M
Free Cash Flow (FCF)$1.1B$1.1B$955M$843M$792M$684M$119M($1.2B)$814M$824M$1.2B$1.2B$1.2B$1.0B$1.0B$671M$276M$378M$353M($434M)($146M)
FCF Margin %38.0%39.6%35.4%38.6%38.4%36.1%7.2%-93.1%68.3%44.6%56.5%62.7%76.2%48.7%55.0%39.6%22.0%32.7%34.4%-44.2%-23.6%
Dividends Paid$849M$795M$657M$648M$650M$787M$720M$697M$695M$980M$1.0B$1.0B$957M$865M$788M$591M$533M$495M$394M$267M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DOC Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)$361M$261M$294M$315M$363M$279M$284M$318M$316M
Capital Expenditures (CapEx)$24M$58M$27M$26M$204M$604M$24M$36M
Free Cash Flow (FCF)$361M$237M$236M$288M$338M$76M($321M)$295M$280M
FCF Margin %46.8%31.5%32.8%40.8%48.6%10.8%-46.0%42.1%40.3%
Dividends Paid$212M$212M$212M$212M$213M$210M$210M$211M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DOC Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Assets$21.7B$20.3B$19.9B$15.7B$15.8B$15.3B$15.9B$4.3B$4.1B$4.2B$2.9B$1.6B$812M$293M$108M$125M$13.3B$12.2B$11.8B$12.5B$10.0B
Cash & Cash Equivalents$1.6B$538M$120M$118M$72M$158M$44M$2M$19M$3M$15M$3M$16M$56M$3M$2M$1.0B$112M$58M$96M$61M
Total Liabilities$12.2B$12.0B$10.9B$8.8B$8.5B$8.1B$8.6B$1.8B$1.7B$1.6B$1.1B$541M$242M$52M$88M$102M$5.2B$6.3B$6.4B$8.1B$6.6B
Total Debt (Short + Long-Term)$10.3B$9.8B$8.7B$6.9B$6.5B$6.2B$6.4B$6.9B$6.0B$8.2B$9.8B$11.5B$138M$75M$0M$454M$0M$0M$0M$952M$1.1B
Total Shareholders' Equity$7.8B$7.5B$8.4B$6.3B$6.7B$6.5B$6.7B$2.5B$2.5B$2.6B$1.8B$1.1B$535M$212M$19M$23M$8.1B$6.0B$5.4B$4.4B$3.5B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive DOC viewer.

DOC Metric Deep Dives

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