DOC - Healthpeak Properties, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$18.43
DETAILS
HIGH:
$21.00
LOW:
$17.00
MEDIAN:
$18.00
CONSENSUS:
$18.43
DOWNSIDE:
6.59%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 2,822.5 | 2,700.4 | 2,181.0 | 2,061.2 | 1,896.2 | 1,644.9 | 1,240.3 | 1,191.3 | 1,848.4 | 2,129.3 | 1,940.5 | 1,636.8 | 2,099.9 | 1,880.0 | 1,694.4 |
| Cost of Revenue | 2,188.0 | 1,074.9 | 902.1 | 863.0 | 773.3 | 782.5 | 405.2 | 378.7 | 666.3 | 738.4 | 610.7 | 381.3 | 298.3 | 280.7 | 218.7 |
| Gross Profit | 634.5 | 1,625.6 | 1,278.9 | 1,198.2 | 1,122.9 | 862.3 | 835.1 | 812.7 | 1,182.1 | 1,390.9 | 1,329.8 | 1,255.5 | 1,801.6 | 1,599.3 | 1,475.7 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 90.4 | 97.2 | 95.1 | 131.0 | 98.3 | 93.2 | 93.0 | 96.7 | 88.8 | 103.6 | 96.0 | 81.8 | 103.0 | 68.4 | 96.1 |
| Other Expenses | 0 | 1,057.2 | 749.9 | 710.6 | 684.3 | 553.9 | 435.2 | 404.7 | 534.7 | 568.1 | 504.9 | 455.0 | 423.3 | 353.7 | 346.1 |
| Operating Expenses | 90.4 | 1,154.4 | 845.0 | 841.6 | 782.6 | 647.2 | 528.2 | 501.4 | 623.5 | 671.7 | 600.9 | 536.8 | 526.4 | 422.1 | 442.1 |
| Operating Income | |||||||||||||||
| Operating Income | 544.1 | 471.2 | 433.9 | 356.6 | 340.3 | 215.1 | 306.9 | 311.3 | 558.6 | 719.2 | 728.9 | 718.8 | 1,275.2 | 1,177.1 | 1,033.6 |
| Interest Expense | 305.2 | 280.4 | 200.3 | 172.9 | 158.0 | 218.3 | 217.6 | 261.3 | 307.7 | 464.4 | 479.6 | 439.7 | 435.3 | 416.2 | 415.5 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 9.8 | 10.4 | 56.2 | 88.8 | 112.2 | 73.6 | 86.2 | 24.5 | 99.9 |
| Profitability | |||||||||||||||
| EBITDA | 1,603.0 | 1,610.8 | 1,265.2 | 1,390.6 | 970.6 | 1,133.2 | 1,053.9 | 1,649.4 | 1,252.8 | 1,399.8 | 1,120.8 | 1,169.2 | 1,710.6 | 1,515.0 | 1,252.2 |
| EBIT | 544.1 | 553.6 | 515.3 | 680.1 | 286.3 | 436.0 | 393.9 | 1,099.9 | 718.1 | 831.7 | 615.9 | 714.2 | 1,287.3 | 1,161.3 | 906.1 |
| Income Before Tax | 110.3 | 271.7 | 325.1 | 509.1 | 134.5 | 151.1 | 170.0 | 832.8 | 421.3 | 378.6 | 142.9 | 270.8 | 916.4 | 799.5 | 537.4 |
| Income Tax Expense | 9.3 | 4.3 | (9.6) | (4.4) | (3.3) | (9.4) | (5.5) | (4.4) | (1.3) | 4.5 | (9.8) | (0.5) | 5.8 | (1.7) | 1.3 |
| Net Income | 71.3 | 243.1 | 306.0 | 500.4 | 505.5 | 413.6 | 45.5 | 1,061.1 | 414.2 | 627.7 | (559.2) | 922.2 | 970.8 | 832.5 | 538.9 |
| Per Share Data | |||||||||||||||
| EPS (Basic) | 0.10 | 0.36 | 0.56 | 0.92 | 0.93 | 0.77 | 0.09 | 2.25 | 0.88 | 1.34 | -1.21 | 2.01 | 2.13 | 1.90 | 1.29 |
| EPS (Diluted) | 0.10 | 0.36 | 0.56 | 0.92 | 0.93 | 0.77 | 0.09 | 2.24 | 0.88 | 1.34 | -1.21 | 2.00 | 2.13 | 1.90 | 1.29 |
| Shares Outstanding | 696.0 | 675.7 | 547.0 | 538.8 | 538.9 | 530.6 | 486.3 | 470.6 | 468.8 | 467.2 | 462.8 | 458.4 | 455.0 | 427.0 | 398.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 537.7 | 119.8 | 117.6 | 72.0 | 158.3 | 44.2 | 80.4 | 19.2 | 2.7 | 15.5 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 684.3 | 794 | 274.3 | 428.3 | 464.5 | 237.6 | 235.4 | 111.2 | 354.1 | 853.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (21.6) | (22.9) | (14.8) |
| Other Current Assets | (148.6) | 72.3 | 169.4 | 104.7 | 90.6 | 2,693.5 | 3,661.7 | 137.1 | 443.9 | 970.1 |
| Total Current Assets | 1,073.5 | 986.1 | 561.3 | 605.0 | 713.4 | 2,975.4 | 3,977.5 | 83.7 | 88.9 | 64.4 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 412.2 | 424.2 | 240.2 | 237.3 | 233.9 | 192.3 | 167.3 | 10,209.5 | 10,731.9 | 11,325.8 |
| Goodwill | 68.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 654.5 | 817.3 | 314.2 | 418.1 | 519.8 | 519.9 | 260.2 | 452.4 | 458.7 | 479.8 |
| Long-Term Investments | 802.6 | 936.8 | 782.9 | 706.7 | 448.3 | 447.6 | 859.0 | 1.3 | 1.3 | 2.3 |
| Other Non-Current Assets | (802.6) | 16,773.9 | 13,800.4 | 13,804.2 | 13,342.0 | 11,784.9 | 8,768.9 | (6,657.8) | (7,158.5) | (8,842.2) |
| Total Non-Current Assets | 1,246.5 | 18,952.1 | 15,137.6 | 15,166.3 | 14,544.1 | 12,944.7 | 10,055.4 | 4,059.1 | 4,075.5 | 2,823.7 |
| Total Assets | 20,336.0 | 19,938.3 | 15,698.9 | 15,771.2 | 15,257.5 | 15,920.1 | 14,032.9 | 4,142.8 | 4,164.4 | 2,888.1 |
| Current Liabilities | ||||||||||
| Account Payables | 718.5 | 276.0 | 240.3 | 265.6 | 227.6 | 269.1 | 457.5 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 150 | 720 | 995.6 | 1,166.0 | 129.6 | 93 | 3.6 | 3.5 | 92.4 |
| Deferred Revenue | 985.3 | 0 | 0 | 0 | 0 | 774.3 | 274.6 | 21.0 | 36.5 | 33.3 |
| Other Current Liabilities | (718.5) | (21.5) | 0.7 | 4.1 | 15.1 | (358.6) | 129.1 | 284.1 | 276.4 | 267.5 |
| Total Current Liabilities | 985.3 | 875.3 | 1,377.9 | 1,772.2 | 1,936.4 | 1,305.9 | 954.2 | 581.4 | 435.6 | 722.6 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 10,144.2 | 8,566.0 | 6,156.3 | 5,502.0 | 5,004.0 | 6,168.4 | 5,909.3 | 5,564.3 | 7,877.0 | 8,290.4 |
| Deferred Tax Liabilities | 0 | 21.5 | 0 | 0 | 0 | 0 | 0 | (18.7) | (10.5) | (5.8) |
| Other Non-Current Liabilities | (377.5) | 191.9 | 127.4 | 156.2 | 177.2 | 144.2 | 75.0 | 168.8 | (6,905.5) | (0.6) |
| Total Non-Current Liabilities | 11,048.3 | 10,005.3 | 7,396.1 | 6,710.8 | 6,175 | 7,266.8 | 6,411.2 | 1,089.0 | 1,168.8 | 356.7 |
| Total Liabilities | 12,033.6 | 10,880.6 | 8,774.0 | 8,483.0 | 8,111.4 | 8,572.7 | 7,365.4 | 1,670.4 | 1,604.4 | 1,079.3 |
| Stockholders' Equity | ||||||||||
| Common Stock | 695.0 | 699.5 | 547.2 | 546.6 | 539.1 | 538.4 | 505.2 | 1.8 | 1.8 | 1.4 |
| Retained Earnings | (5,952.9) | (5,174.3) | 0 | (4,269.7) | (4,120.8) | (3,976.2) | (3,601.2) | (428.3) | (315.4) | (197.3) |
| Accumulated Other Comprehensive Income | (9.9) | 28.8 | 19.4 | 28.1 | (3.1) | (3.7) | (2.9) | 14.4 | 14.0 | 13.7 |
| Total Stockholders' Equity | 7,500.1 | 8,401.3 | 6,350.4 | 6,654.7 | 6,515.5 | 6,733.7 | 6,085.1 | 2,379.5 | 2,473.2 | 1,738.5 |
| Total Liabilities & Equity | 20,336.0 | 19,938.3 | 15,698.9 | 15,771.2 | 15,257.5 | 15,920.1 | 14,032.9 | 4,142.8 | 4,164.4 | 2,888.1 |
| Debt Metrics | ||||||||||
| Total Debt | 10,440.4 | 9,023.3 | 7,083.0 | 6,706.1 | 6,374.5 | 6,477.9 | 6,154.7 | 1,532.9 | 1,477.5 | 991.2 |
| Net Debt | 9,902.7 | 8,903.5 | 6,965.4 | 6,634.1 | 6,216.2 | 6,433.6 | 6,074.3 | 1,513.7 | 1,474.7 | 975.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 101.0 | 267.3 | 334.8 | 516.4 | 525.9 | 428.3 | 60.1 | 1,073.5 | 422.6 | 644.8 |
| Depreciation & Amortization | 1,022.1 | 1,057.2 | 749.9 | 710.6 | 684.3 | 697.1 | 660.0 | 549.5 | 534.7 | 568.1 |
| Stock-Based Compensation | 14.4 | 31.8 | 14.5 | 26.5 | 18.2 | 17.4 | 18.2 | 16.6 | 14.3 | 22.9 |
| Change in Working Capital | 105.7 | 44.8 | 82.9 | 118.9 | 26.4 | 108.8 | 21.9 | 46.3 | (20.0) | 35.0 |
| Other Non-Cash Items | 4.8 | (328.9) | (211.2) | (466.0) | (453.8) | (478.5) | 104.2 | (818.6) | (99.1) | (103.9) |
| Operating Cash Flow | 1,252.0 | 1,070.5 | 956.2 | 900.3 | 795.2 | 758.4 | 846.1 | 848.7 | 847.0 | 1,214.1 |
| Investing Activities | ||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | (86.8) | (115.2) | (88.4) | 104.8 | (25.3) | (39.1) | 429.7 | 717.5 | 415.9 | (10.2) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | (394.2) | 0 | 0 | 0 | (73.3) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 202.8 | 274.1 | 148.0 | 558.8 | 232.0 |
| Other Investing Activities | (947.9) | 1.4 | (488.4) | (981.2) | 556.3 | (777.2) | (2,152.6) | 963.8 | 271.6 | (577.5) |
| Investing Cash Flow | (1,034.7) | (113.8) | (576.8) | (876.3) | 531.0 | (1,007.7) | (1,448.8) | 1,829.3 | 1,246.3 | (429.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 1,108.7 | 153.2 | 378.1 | 324.6 | (301.0) | 63.0 | 653.7 | (1,380.4) | (1,463.1) | (66.5) |
| Stock Repurchased | (97.1) | (190.7) | (6.5) | (67.8) | (12.8) | (10.5) | (5.0) | (3.4) | (4.8) | (8.7) |
| Dividends Paid | (849.1) | (794.8) | (657.0) | (648.0) | (650.1) | (787.1) | (720.1) | (696.9) | (695.0) | (979.5) |
| Other Financing Activities | (27.5) | (109.5) | (52.1) | (33.3) | (329.6) | (87.8) | (76.8) | (757.4) | (13.8) | (67.1) |
| Financing Cash Flow | 136.1 | (941.4) | (337.3) | (116.5) | (1,288.5) | 246.4 | 647.3 | (2,620.5) | (2,148.5) | (1,054.3) |
| Cash Position | ||||||||||
| Net Change in Cash | 353.4 | 15.3 | 42.2 | (92.6) | 37.8 | (3.0) | 44.8 | 57.6 | (54.8) | (270.1) |
| Cash at Beginning | 184.3 | 169.0 | 126.8 | 219.4 | 181.7 | 184.7 | 139.8 | 82.2 | 137.0 | 407.1 |
| Cash at End | 537.7 | 184.3 | 169.0 | 126.8 | 219.4 | 181.7 | 184.7 | 61.1 | 82.2 | 137.0 |
| Free Cash Flow | 1,252.0 | 1,070.5 | 956.2 | 900.3 | 795.2 | 758.4 | 846.1 | 848.7 | 847.0 | 1,214.1 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 2,822.5 | 2,700.4 | 2,181.0 | 2,061.2 | 1,896.2 | 1,644.9 | 1,240.3 | 1,191.3 | 1,848.4 | 2,129.3 | 1,940.5 | 1,636.8 | 2,099.9 | 1,880.0 | 1,694.4 |
| Gross Profit | 634.5 | 1,625.6 | 1,278.9 | 1,198.2 | 1,122.9 | 862.3 | 835.1 | 812.7 | 1,182.1 | 1,390.9 | 1,329.8 | 1,255.5 | 1,801.6 | 1,599.3 | 1,475.7 |
| Operating Income | 544.1 | 471.2 | 433.9 | 356.6 | 340.3 | 215.1 | 306.9 | 311.3 | 558.6 | 719.2 | 728.9 | 718.8 | 1,275.2 | 1,177.1 | 1,033.6 |
| Net Income | 71.3 | 243.1 | 306.0 | 500.4 | 505.5 | 413.6 | 45.5 | 1,061.1 | 414.2 | 627.7 | (559.2) | 922.2 | 970.8 | 832.5 | 538.9 |
| EPS (Diluted) | 0.10 | 0.36 | 0.56 | 0.92 | 0.93 | 0.77 | 0.09 | 2.24 | 0.88 | 1.34 | -1.21 | 2.00 | 2.13 | 1.90 | 1.29 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 537.7 | 119.8 | 117.6 | 72.0 | 158.3 | 44.2 | 80.4 | 19.2 | 2.7 | 15.5 | |||||
| Total Assets | 20,336.0 | 19,938.3 | 15,698.9 | 15,771.2 | 15,257.5 | 15,920.1 | 14,032.9 | 4,142.8 | 4,164.4 | 2,888.1 | |||||
| Total Debt | 10,440.4 | 9,023.3 | 7,083.0 | 6,706.1 | 6,374.5 | 6,477.9 | 6,154.7 | 1,532.9 | 1,477.5 | 991.2 | |||||
| Stockholders' Equity | 7,500.1 | 8,401.3 | 6,350.4 | 6,654.7 | 6,515.5 | 6,733.7 | 6,085.1 | 2,379.5 | 2,473.2 | 1,738.5 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 1,252.0 | 1,070.5 | 956.2 | 900.3 | 795.2 | 758.4 | 846.1 | 848.7 | 847.0 | 1,214.1 | |||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Free Cash Flow | 1,252.0 | 1,070.5 | 956.2 | 900.3 | 795.2 | 758.4 | 846.1 | 848.7 | 847.0 | 1,214.1 | |||||