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Healthpeak Properties, Inc. (DOC) logo

Healthpeak Properties, Inc.

S&P 500

DOC/Real Estate · REIT - Healthcare Facilities/NYSE

Dividend Yield

6.13%

$1.22 · Annual Dividend

Stock Price$21.23P/E62.4MCap13.8BLast update: Jun 26, 2026 at 06:56

Dividend Safety Rating

56/ 100Caution

DOC's dividend shows some areas that warrant monitoring. Strengths include a 2.0x current ratio & 118.2 debt-to-equity. Areas of concern: 75.1% cfo payout ratio & 1.9x interest coverage. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.

Based on 15 of 15 metrics

Strengths

  • Current Ratio: 2.0xStrong short-term liquidity to meet obligations.
  • Gross Margin: 57.0%High gross margin signals strong pricing power.
  • Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.

Risks

  • Return on Equity: 2.8%Return on equity is below industry norms.
  • 5-Year Dividend CAGR: -12.6%Dividend growth has been weak or negative.
  • CFO Payout Ratio: 75.1%Operating cash flow leaves little room for the payout.

Payout & Coverage

Caution
80.4%Caution
68.7%Caution
75.1%Warning

Balance Sheet

Safe
2.0xVery Safe

Profitability

Caution
12.3%Caution
57.0%Very Safe

Dividend Track Record

Safe
11+ yrsVery Safe
NoneVery Safe

About Healthpeak Properties, Inc.

Healthpeak Properties, Inc. is a Standard & Poor's 500 company specializing in the ownership, operation, and development of high-quality real estate dedicated to the healthcare sector. It maintains a diversified portfolio comprising approximately 700 in-place properties, primarily focused on medical office buildings and life science facilities. These assets serve critical functions in delivering healthcare services, supporting medical professionals, research institutions, and biotechnology firms through specialized, purpose-built environments. Healthpeak Properties, Inc. plays a pivotal role in the real estate investment trust (REIT) market by addressing the growing demand for healthcare infrastructure amid an aging population and advancements in medical innovation. Its properties are strategically positioned to benefit from long-term demographic trends and the expansion of outpatient care and scientific research. As a key player in the healthcare real estate segment, the company contributes to the stability and growth of the broader commercial property sector, emphasizing sustainable development and operational excellence.

Dividend Overview

Dividend Yield

6.13%

Annual Dividend

$1.22

Frequency

Monthly

Payout Ratio

381.26%

FCF Payout Ratio

68.72%

52-Week Range

$15.70 - $21.23

Dividend History (2016–2025)

DOC annual dividend per share and yield history

Earnings & Profitability

DOC earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

June 15, 2026

Next Payment Date

June 26, 2026

Dividend Growth

3-Year Dividend CAGR

0.63%

5-Year Dividend CAGR

-12.61%

10-Year Dividend CAGR

-7.59%

3-Year Total Growth

1.92%

5-Year Total Growth

-49.04%

10-Year Total Growth

-54.61%

Income Calculator

DOC Dividend Calculator

Total Investment

$2,123.00

Annual Income

$122.40

Quarterly Income

$30.60

Monthly Income

$10.20

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Frequently Asked Questions

What is DOC's current dividend yield?
Healthpeak Properties, Inc. (DOC) currently has a dividend yield of 6.13%, based on a stock price of $21.23 and an annual dividend of $1.22.
When is DOC's next dividend payment date?
DOC's next ex-dividend date is 2026-06-15 and the next payment date is 2026-06-26. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does DOC pay in dividends per year?
Healthpeak Properties, Inc. paid $1.22 per share in annual dividends in 2025. The dividends are paid monthly.
Has DOC been increasing its dividend?
Healthpeak Properties, Inc. has grown its dividend at a 5-year CAGR of -12.61% and a 10-year CAGR of -7.59%.
Is DOC's dividend safe?
Healthpeak Properties, Inc. has a payout ratio of 381.26%. Its free cash flow payout ratio is 68.72%. The payout ratio is above 100%, which may indicate the company is paying more in dividends than it earns. This could be unsustainable long-term.
How is DOC's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Healthpeak Properties, Inc.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for real estate companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.