Healthpeak Properties, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:51:20Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 357.01M | 333.73M | 181.68M | -61.73M | 35.53M | -30.46M |
| Net Debt | 9.68B | 8.90B | 6.97B | 6.63B | 6.22B | 6.75B |
| Gross Margin | — | -89.08% | -71.03% | -74.36% | -64.06% | -79.28% |
| Net Margin | 11.81% | 42.77% | 58.02% | 101.11% | 107.26% | 94.75% |
| Return on Equity (ROE) | 0.95% | 2.89% | 4.82% | 7.52% | 7.76% | 6.14% |
| Return on Assets (ROA) | 0.35% | 1.22% | 1.95% | 3.17% | 3.31% | 2.60% |
| Debt-to-Equity | 1.35× | 1.07× | 1.12× | 1.01× | 0.98× | 1.01× |
| Effective Tax Rate | 3.27% | 1.59% | -3.05% | -46.90% | -12.79% | -4.33% |
| Cash Conversion Ratio | 17.55× | 4.40× | 3.12× | 1.80× | 1.57× | 1.83× |
| Accruals Ratio | -0.06× | -0.04× | -0.04× | -0.03× | -0.02× | -0.02× |
| SBC % of Revenue | 2.39% | 2.73% | 2.75% | 5.35% | 3.86% | 3.98% |
| CapEx Coverage | 1.40× | 1.45× | 1.23× | 0.94× | 1.05× | 0.96× |
| Free Cash Flow Per Share | $0.51 | $0.49 | $0.33 | $-0.11 | $0.07 | $-0.06 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 160.80× | 56.31× | 35.36× | 27.25× | 38.81× | 39.26× |
| P/FCF | 31.35× | 41.07× | 59.64× | — | 547.65× | — |
| FCF Yield | 3.19% | 2.43% | 1.68% | — | 0.18% | — |
| P/S | 18.50× | 24.94× | 20.54× | 27.69× | 41.28× | 37.29× |
| P/B | 1.49× | 1.69× | 1.71× | 2.06× | 2.99× | 2.42× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 603.99M | 568.48M | 527.42M | 494.94M | 471.32M | 436.49M |
| Revenues | 2.82B | 2.70B | 2.18B | 2.06B | 1.90B | 1.64B |
| Cost of Goods and Services Sold | — | 1.07B | 902.06M | 862.99M | 773.28M | 782.54M |
| Operating Expenses | — | — | 902.06M | 862.99M | 773.28M | 782.54M |
| Income Tax Expense (Benefit) | 9.28M | 4.35M | -9.62M | -4.42M | -3.26M | -9.42M |
| Net Income (Loss) Attributable to Parent | 71.35M | 243.14M | 306.01M | 500.45M | 505.54M | 413.56M |
| Earnings Per Share, Basic | $0.10 | $0.36 | $0.56 | $0.92 | $0.93 | $0.77 |
| Weighted Average Number of Shares Outstanding, Basic | 696.03M | 675.68M | 547.01M | 538.81M | 538.93M | 530.55M |
| Earnings Per Share, Diluted | $0.10 | $0.36 | $0.56 | $0.92 | $0.93 | $0.77 |
| Weighted Average Number of Shares Outstanding, Diluted | 696.04M | 676.23M | 547.27M | 539.15M | 539.24M | 531.06M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 467.46M | 119.82M | 117.64M | 72.03M | 158.29M | 44.23M |
| Assets | 20.34B | 19.94B | 15.70B | 15.77B | 15.26B | 15.92B |
| Long-term Debt | 9.85B | 8.72B | 6.88B | 6.50B | 6.17B | 6.62B |
| Liabilities | 12.03B | 10.88B | 8.77B | 8.48B | 8.11B | 8.57B |
| Stockholders' Equity Attributable to Parent | 7.50B | 8.40B | 6.35B | 6.65B | 6.52B | 6.73B |
| Common Stock, Shares, Outstanding | 695.04M | 699.49M | 547.16M | 546.64M | 539.10M | 538.41M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.25B | 1.07B | 956.24M | 900.26M | 795.25M | 758.43M |
| Net Cash Provided by (Used in) Investing Activities | -1.03B | -113.80M | -576.75M | -876.34M | 531.03M | -1.01B |
| Payments for Repurchase of Common Stock | 97.14M | 190.69M | 6.52M | 67.84M | 12.84M | 10.53M |
| Payments of Dividends | 849.10M | 794.78M | 657.02M | 648.05M | 650.08M | 787.07M |
| Net Cash Provided by (Used in) Financing Activities | 136.11M | -941.42M | -337.30M | -116.53M | -1.29B | 246.45M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Debt | 9.54B | 9.68B | 9.34B | 9.26B | 9.11B | 8.90B |
| Gross Margin | — | — | -94.02% | -85.54% | -83.41% | -89.79% |
| Net Margin | 96.65% | 73.17% | -77.84% | 21.28% | 28.76% | 3.12% |
| Return on Equity (ROE) | 2.47% | 1.52% | -1.54% | 0.40% | 0.52% | 0.05% |
| Return on Assets (ROA) | 0.90% | 0.56% | -0.60% | 0.16% | 0.22% | 0.02% |
| Debt-to-Equity | 1.37× | 1.35× | 1.24× | 1.18× | 1.12× | 1.07× |
| Effective Tax Rate | 0.13% | 4.82% | -1.85% | 6.01% | 3.83% | 433.33% |
| Cash Conversion Ratio | 1.35× | 2.58× | -8.18× | 20.30× | 6.52× | 62.36× |
| Accruals Ratio | -0.00× | -0.01× | -0.05× | -0.03× | -0.01× | -0.01× |
| SBC % of Revenue | 2.25% | 2.57% | 6.92% | 4.28% | 3.11% | 2.47% |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 51.34× | 160.80× | — | 76.13× | 51.85× | 59.62× |
| P/S | 17.43× | 18.50× | 22.40× | 20.74× | 24.41× | 24.94× |
| P/B | 1.46× | 1.49× | 1.75× | 1.53× | 1.73× | 1.69× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 200.34M | 155.75M | 150.46M | 148.85M | 148.93M | 145.96M |
| Revenues | 752.95M | 719.40M | 705.87M | 694.35M | 702.89M | 697.99M |
| Cost of Goods and Services Sold | — | — | 291.92M | 276.18M | 273.14M | 277.03M |
| Income Tax Expense (Benefit) | 254.00K | 6.03M | -1.21M | 2.38M | 2.08M | -14.01M |
| Net Income (Loss) Attributable to Parent | 193.63M | 113.97M | -117.12M | 31.67M | 42.83M | 4.55M |
| Earnings Per Share, Basic | $0.28 | $0.16 | $-0.17 | $0.05 | $0.06 | $0.00 |
| Weighted Average Number of Shares Outstanding, Basic | 695.16M | 696.03M | 694.93M | 695.19M | 699.07M | 675.68M |
| Earnings Per Share, Diluted | $0.28 | $0.16 | $-0.17 | $0.05 | $0.06 | $0.00 |
| Weighted Average Number of Shares Outstanding, Diluted | 695.17M | 696.04M | 694.93M | 695.19M | 699.12M | 676.23M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.17B | 467.46M | 91.04M | 89.44M | 70.63M | 119.82M |
| Assets | 21.62B | 20.34B | 19.58B | 19.81B | 19.82B | 19.94B |
| Long-term Debt | 10.42B | 9.85B | 9.13B | 9.04B | 8.88B | 8.72B |
| Liabilities | 12.56B | 12.03B | 11.32B | 11.22B | 10.97B | 10.88B |
| Stockholders' Equity Attributable to Parent | 7.83B | 7.50B | 7.60B | 7.93B | 8.19B | 8.40B |
| Common Stock, Shares, Outstanding | 695.26M | 695.04M | 694.95M | 694.92M | 698.61M | 699.49M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 260.88M | 294.08M | 957.88M | 642.91M | 279.43M | 283.53M |
| Net Cash Provided by (Used in) Investing Activities | -638.61M | -405.62M | -629.05M | -440.97M | -230.71M | -233.77M |
| Payments for Repurchase of Common Stock | 1.37M | 87.00K | 97.06M | 97.04M | 24.96M | 326.00K |
| Payments of Dividends | 211.99M | 211.86M | 637.23M | 425.36M | 213.48M | 209.82M |
| Net Cash Provided by (Used in) Financing Activities | 1.11B | 489.51M | -353.39M | -222.97M | -94.41M | -107.50M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (DOC CIK 0000765880),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.