The full income statement, balance sheet, and cash-flow statement for Healthpeak Properties Inc. (DOC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.82B+4.5% | 2.70B+23.8% | 2.18B+5.8% | 2.06B+8.7% | 1.90B+15.3% | ||
| Lease income | 2.16B+3.3% | 2.09B+27.9% | 1.63B+5.8% | 1.54B+11.9% | 1.38B+16.6% | |
| Cost of revenue | — | 1.07B+19.2% | 902M+4.5% | 863M+11.6% | 773M-1.2% | |
| — | — | 902M+4.5% | 863M+11.6% | 773M-1.2% | ||
| Selling, general & administrative | 90.4M-6.9% | 97.2M+2.1% | 95.1M-27.4% | 131M+33.3% | 98.3M+5.4% | |
| General & administrative | 90.4M-6.9% | 97.2M+2.1% | 95.1M-27.4% | 131M+33.3% | 98.3M+5.4% | |
| Interest expense | 305M+8.8% | 280M+40.0% | 200M+15.8% | 173M+9.5% | 158M-27.6% | |
| Interest & investment income | 61.8M+38.0% | 44.8M+105.6% | 21.8M-6.5% | 23.3M-38.3% | 37.8M+128.2% | |
| Other non-operating income | 479K-99.2% | 59.3M+771.7% | 6.81M-97.9% | 326M+5107.0% | 6.27M-97.3% | |
| Equity-method income | -174M-11384.1% | -1.51M-114.8% | 10.2M+414.1% | 1.99M-67.5% | 6.10M+109.2% | |
| Pre-tax income | 284M+4.1% | 273M-13.3% | 315M-37.9% | 507M+295.1% | 128M-41.0% | |
| Income tax | 9.28M+113.4% | 4.35M+145.2% | -9.62M-117.3% | -4.42M-35.7% | -3.26M+65.4% | |
| 71.3M-70.7% | 243M-20.5% | 306M-38.9% | 500M-1.0% | 506M+22.2% | ||
| Income from continuing operations | 71.3M-70.7% | 243M-20.5% | 306M-38.5% | 498M+315.1% | 120M-18.0% | |
| Discontinued operations | — | 0.00 | 0.00-100.0% | 2.88M-99.3% | 388M+45.0% | |
| Net income to non-controlling interest | 29.7M+22.8% | 24.2M-16.0% | 28.7M+80.0% | 16.0M-10.5% | 17.9M+24.0% | |
| Net income to common | 70.5M-70.9% | 242M-20.3% | 304M-38.9% | 498M-0.9% | 502M+22.2% | |
| $0.10-72.2% | $0.36-35.7% | $0.56-39.1% | $0.92-1.1% | $0.93+20.8% | ||
| EPS (basic) | $0.10-72.2% | $0.36-35.7% | $0.56-39.1% | $0.92-1.1% | $0.93+20.8% | |
| Weighted-avg shares (basic) | 696M+3.0% | 676M+23.5% | 547M+1.5% | 539M-0.0% | 539M+1.6% | |
| Weighted-avg shares (diluted) | 696M+2.9% | 676M+23.6% | 547M+1.5% | 539M-0.0% | 539M+1.5% | |
| Dividends per share | $1.22+1.7% | $1.20+0.0% | $1.20+0.0% | $1.20+0.0% | $1.20-18.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 467M+290.1% | 120M+1.9% | 118M+63.3% | 72.0M-54.5% | 158M+257.9% | |
| 20.3B+2.0% | 19.9B+27.0% | 15.7B-0.5% | 15.8B+3.4% | 15.3B-4.2% | ||
| Operating lease right-of-use | 412M-2.8% | 424M+76.6% | 240M+1.2% | 237M+1.4% | 234M+21.6% | |
| Goodwill | 68.5M+0.0% | 68.5M+280.1% | 18.0M+0.1% | 18.0M+0.0% | 18.0M+0.0% | |
| Intangible assets | 655M-19.9% | 817M+160.1% | 314M-24.9% | 418M-19.6% | 520M-0.0% | |
| Deferred tax assets | 111M-3.5% | 115M | — | — | — | |
| Short-term & current debt | 1.08B+619.2% | 150M-79.2% | 720M-27.7% | 996M-14.6% | 1.17B+799.7% | |
| 12.0B+10.6% | 10.9B+24.0% | 8.77B+3.4% | 8.48B+4.6% | 8.11B-5.4% | ||
| Long-term debt | 8.77B+2.4% | 8.57B+39.1% | 6.16B+11.9% | 5.50B+10.0% | 5.00B-18.9% | |
| Operating lease liability (total) | 296M-3.6% | 307M+48.6% | 207M-0.8% | 209M+1.9% | 205M+13.7% | |
| 7.50B-10.7% | 8.40B+32.3% | 6.35B-4.6% | 6.65B+2.1% | 6.52B-3.2% | ||
| Common stock | 695M-0.6% | 699M+27.8% | 547M+0.1% | 547M+1.4% | 539M+0.1% | |
| Additional paid-in capital | 12.8B-0.6% | 12.8B+23.5% | 10.4B+0.5% | 10.3B+2.5% | 10.1B-0.7% | |
| Accumulated other comprehensive income | -9.94M-134.5% | 28.8M+48.8% | 19.4M-31.1% | 28.1M+994.0% | -3.15M+14.6% | |
| Non-controlling interest | 643M-1.7% | 654M+24.4% | 526M-0.4% | 528M-2.8% | 543M-2.3% | |
| Total equity incl. non-controlling | 8.14B-10.1% | 9.06B+31.7% | 6.88B-4.3% | 7.18B+1.8% | 7.06B-3.2% | |
| Total liabilities & equity | 20.3B+2.0% | 19.9B+27.0% | 15.7B-0.5% | 15.8B+3.4% | 15.3B-4.2% | |
| Common shares issued | 695M-0.6% | 699M+27.8% | 547M+0.1% | 547M+1.4% | 539M+0.1% | |
| Common shares outstanding | 695M-0.6% | 699M+27.8% | 547M+0.1% | 547M+1.4% | 539M+0.1% | |
| Shares outstanding (cover) | 695M-0.6% | 700M+27.9% | 547M+0.1% | 547M+1.4% | 539M+0.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.25B+17.0% | 1.07B+11.9% | 956M+6.2% | 900M+13.2% | 795M+4.9% | ||
| Depreciation & amortization | 1.06B+0.2% | 1.06B+41.0% | 750M+5.5% | 711M+3.8% | 684M-1.8% | |
| Share-based compensation | 14.4M-7.3% | 15.5M+7.3% | 14.5M-45.3% | 26.5M+45.3% | 18.2M+4.8% | |
| Deferred income taxes | 3.85M+327.1% | -1.69M+88.4% | -14.6M-154.2% | -5.75M-30.9% | -4.39M-159.8% | |
| -1.03B-809.2% | -114M+80.3% | -577M+34.2% | -876M-265.0% | 531M+152.7% | ||
| Capital expenditure | 764M+27.8% | 597M-18.3% | 731M-15.1% | 862M+41.1% | 611M-22.9% | |
| Free cash flow | 488M+3.2% | 473M+110.2% | 225M+482.6% | 38.6M-79.1% | 185M+657.4% | |
| Acquisitions | — | — | 0.00 | 0.00 | 0.00 | |
| 136M+114.5% | -941M-179.1% | -337M-189.4% | -117M+91.0% | -1.29B-622.8% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 97.1M-49.1% | 191M+2822.9% | 6.52M-90.4% | 67.8M+428.3% | 12.8M+22.0% | |
| Dividends paid | 849M+6.8% | 795M+21.0% | 657M+1.4% | 648M-0.3% | 650M-17.4% | |
| FX effect on cash | — | — | — | 0.00 | 0.00+100.0% | |
| Net change in cash | 353M+2212.5% | 15.3M-63.8% | 42.2M+145.6% | -92.6M-345.3% | 37.8M+1370.6% | |
| Interest paid | 260M+4.3% | 249M+32.5% | 188M+16.1% | 162M-6.3% | 173M-17.5% | |
| Income taxes paid | 3.41M-56.6% | 7.86M+308.8% | 1.92M+201.1% | -1.90M-142.1% | 4.52M+675.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 11.2B-21.2% | 14.2B+30.9% | 10.8B-19.6% | 13.5B-30.7% | 19.5B+19.5% | |
| P/E | 156.6×+168.6% | 58.3×+30.1% | 44.8×+73.9% | 25.8×-33.0% | 38.5×-2.2% | |
| P/S | 4.0×-24.6% | 5.3×+4.3% | 5.0×-24.5% | 6.7×-35.0% | 10.3×+3.7% | |
| P/B | 1.5×-11.7% | 1.7×+0.6% | 1.7×-19.5% | 2.1×-30.2% | 3.0×+23.5% | |
| P/FCF | 22.9×-23.6% | 30.0×-71.0% | 103.5×-7.5% | 112.0×+6.3% | 105.3× | |
| Earnings yield | 0.64%-62.8% | 1.7%-23.1% | 2.2%-42.5% | 3.9%+49.3% | 2.6%+2.3% | |
| FCF yield | 4.4%+31.0% | 3.3%+245.4% | 0.97%+8.1% | 0.89%-5.9% | 0.95% | |
| Dividend yield | 7.6%+28.2% | 5.9%-2.3% | 6.1%+26.6% | 4.8%+44.0% | 3.3%-32.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
Source: DOC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DOC filings on SEC EDGAR → Not investment advice.
