Healthpeak Properties
Owns healthcare real estate spanning outpatient care, lab research, and senior housing.
Something off on this page? Send us feedback.
Profile
Owns, operates, and develops U.S. outpatient medical buildings, hospitals, and lab campuses, collecting rent from health systems, clinicians, and life-science tenants. Senior housing exposure comes through majority ownership and management of separately listed Janus Living.
Owns, operates, and develops U.S. healthcare real estate across outpatient medical, lab, and senior housing. Outpatient properties include medical office buildings and hospitals leased to health systems and physicians, while lab campuses serve biotechnology, pharmaceutical, and research tenants. Senior housing exposure is held through majority ownership and external management of separately listed Janus Living.
Combines property management, leasing, development, redevelopment, and long-term relationships with health systems and life-science tenants. The Physicians Realty Trust merger expanded its outpatient portfolio and integrated property-management platform.
Performance depends on tenants and operators, hospital-campus health systems, life-science space demand, senior housing occupancy, and access to capital. Healthcare licensing, resident-safety rules, and Medicare and Medicaid policy shape the properties and operators within the portfolio.
Company facts
Key statistics
Year to date +29.4% · Average volume (30d) 5.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Cantor Fitzgerald | Reiterate | Neutral | $17 | $23 | |
| Jul 15, 2026 | Wells Fargo | Reiterate | Equal Weight | $18 | $22 | |
| Jul 7, 2026 | Barclays | Downgrade | Overweight | Equal Weight | $20 | $23 |
| Jul 6, 2026 | Mizuho Securities | Target | $24 | |||
| Jun 15, 2026 | BMO Capital | Reiterate | Outperform | $24 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.03 | $0.08 | +184.2% | $725.6M | $749.8M | +3.3% | +0.79% |
| May 5, 2026Q1 FY26 | $0.43 | $0.45 | +4.7% | $694.6M | $738.8M | +6.4% | +18.11% |
| Feb 2, 2026Q4 FY25 | $0.45 | $0.47 | +4.4% | $691.6M | $704.8M | +1.9% | −2.78% |
| Oct 23, 2025Q3 FY25 | $0.45 | $0.46 | +2.2% | $685.1M | $705.9M | +3.0% | +1.19% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $702.9M | $694.3M | $705.9M | $719.4M | $753.0M | $771.6M | |
| Gross profit | $429.7M | $418.2M | $414.0M | −$627.3M | −$150.4M | $438.5M | |
| Operating income | $135.1M | $131.5M | $131.7M | $145.8M | $117.0M | $124.9M | |
| Net income | $42.8M | $31.7M | −$117.1M | $114.0M | $193.6M | $63.2M | |
| Diluted EPS | $0.06 | $0.05 | −$0.17 | $0.16 | $0.28 | $0.08 | |
| Gross margin | 61.1% | 60.2% | 58.6% | -87.2% | -20.0% | 56.8% | |
| Operating margin | 19.2% | 18.9% | 18.7% | 20.3% | 15.5% | 16.2% |
Fiscal years (4-quarter sums)FY21 $1.90B · FY22 $2.06B · FY23 $2.18B · FY24 $2.70B · FY25 $2.82B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.63B · Total debt $10.32B · Total assets $21.68B · Shareholders' equity $7.84B
Dividends
Last cut to $0.1017 from $0.305 in Apr 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Aug 28 | $0.1017 | |
| Jul 20, 2026 | Jul 20 | Jul 31 | $0.1017 | |
| Jun 15, 2026 | Jun 15 | Jun 26 | $0.1017 | |
| May 18, 2026 | May 18 | May 29 | $0.1017 | |
| Apr 17, 2026 | Apr 17 | Apr 30 | $0.1017 | |
| Mar 17, 2026 | Mar 17 | Mar 31 | $0.1017 | |
| Feb 13, 2026 | Feb 13 | Feb 27 | $0.1017 | |
| Jan 16, 2026 | Jan 16 | Jan 30 | $0.1017 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 689.42M · Float 686.69M · 99.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 70.94M | 10.29% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 58.38M | 8.47% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 45.01M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corporation | 44.04M | 6.40% | 13G | Aug 7, 2026 |
| JPMorgan Chase & Co | 30.19M | 4.38% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 12, 2026 | Scott R. Bohn | officer: CDO and Head of Lab | −10,989 | $19.45 |
Peers
- Healthcare Realty
Pure-play medical outpatient landlord and developer.
- Alexandria Real Estate Equities
Specialist life-science REIT in core lab markets.
- Ventas
Diversified healthcare REIT across senior housing and research.
- Welltower
Large healthcare infrastructure REIT with senior housing scale.
- BXP
Gateway-market owner with laboratory and life-science projects.
- American Healthcare REIT
Clinical healthcare REIT with senior housing and MOB exposure.
- Chiron Real Estate
Net-lease healthcare owner with off-campus outpatient assets.
- Community Healthcare Trust
Smaller healthcare REIT focused on outpatient delivery assets.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Healthpeak Properties | $20.79 | −0.79% | $14.45B | 59.9 | 101.1 | 4.9 | +8.0% |
| Healthcare Realty | $18.99 | 0.00% | $6.66B | — | 275.4 | 5.8 | −5.3% |
| Alexandria Real Estate Equities | $51.98 | +0.81% | $8.99B | — | — | 3.0 | −15.6% |
| Ventas | $91.58 | −0.25% | $44.63B | 170.0 | 130.6 | 6.9 | +21.7% |
| Welltower | $238.07 | +0.02% | $171.48B | 126.0 | 87.0 | 13.6 | +40.9% |
| BXP | $68.89 | −0.61% | $11.05B | 37.3 | 33.8 | 3.1 | +3.1% |
| American Healthcare REIT | $55.53 | −0.04% | $11.48B | 81.6 | 79.5 | 4.6 | +23.7% |
| Chiron Real Estate | $37.19 | +0.84% | $487.3M | 9.4 | — | 3.1 | — |
| Community Healthcare Trust | $14.96 | +0.22% | $427.1M | 22.3 | 36.4 | 3.4 | +2.8% |
| Median | 59.4 | 83.2 | 4.0 | +3.1% |