Financials Healthpeak Properties, Inc.

Equities

DOC

US42250P1030

Specialized REITs

Real-time Estimate Cboe BZX 02:23:53 2024-06-13 pm EDT 5-day change 1st Jan Change
19.52 USD +0.59% Intraday chart for Healthpeak Properties, Inc. +0.15% -1.21%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 17,061 16,275 19,455 13,476 10,832 13,653 - -
Enterprise Value (EV) 1 23,268 22,528 25,467 19,902 17,539 22,269 22,339 22,136
P/E ratio 383 x 39.3 x 38.8 x 27.3 x 35.4 x 57 x 39.8 x 37.4 x
Yield 4.29% 4.9% 3.33% 4.79% 6.06% 6.19% 6.35% 6.64%
Capitalization / Revenue 8.58 x 9.99 x 10.5 x 6.61 x 5.02 x 5.16 x 4.83 x 4.52 x
EV / Revenue 11.7 x 13.8 x 13.7 x 9.77 x 8.12 x 8.42 x 7.91 x 7.33 x
EV / EBITDA 22.7 x 46.3 x 25.8 x 20.9 x 15.1 x 14.2 x 13.6 x 12.7 x
EV / FCF -18.4 x 3,483 x 348 x - - 22.7 x 92.4 x 65.7 x
FCF Yield -5.43% 0.03% 0.29% - - 4.41% 1.08% 1.52%
Price to Book 2.77 x 2.4 x 2.99 x 2.06 x 1.71 x 1.45 x 1.63 x 1.83 x
Nbr of stocks (in thousands) 494,954 538,361 539,072 537,540 547,074 703,782 - -
Reference price 2 34.47 30.23 36.09 25.07 19.80 19.40 19.40 19.40
Announcement Date 2/11/20 2/9/21 2/8/22 2/7/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,988 1,628 1,858 2,038 2,159 2,644 2,825 3,020
EBITDA 1 1,025 487 986.8 954.1 1,162 1,571 1,642 1,746
EBIT 1 365.1 348.3 302.5 243.5 412.1 507.8 615.5 673.6
Operating Margin 18.37% 21.39% 16.28% 11.95% 19.09% 19.21% 21.79% 22.3%
Earnings before Tax (EBT) 1 51.42 217.7 128.4 - 314.9 216.6 307.1 215.2
Net income 1 43.99 411.1 502.3 497.8 304.3 224.8 323 230
Net margin 2.21% 25.25% 27.03% 24.43% 14.09% 8.5% 11.44% 7.62%
EPS 2 0.0900 0.7700 0.9300 0.9200 0.5600 0.3404 0.4876 0.5185
Free Cash Flow 1 -1,264 6.468 73.21 - - 981.8 241.8 336.9
FCF margin -63.57% 0.4% 3.94% - - 37.14% 8.56% 11.16%
FCF Conversion (EBITDA) - 1.33% 7.42% - - 62.49% 14.73% 19.3%
FCF Conversion (Net income) - 1.57% 14.58% - - 436.77% 74.85% 146.47%
Dividend per Share 2 1.480 1.480 1.200 1.200 1.200 1.200 1.231 1.288
Announcement Date 2/11/20 2/9/21 2/8/22 2/7/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 477.3 492.9 512.4 514.4 518.1 519.5 540.2 550.9 548.7 600.8 680.7 688.8 693.4 702.1 710.6
EBITDA 1 252 261.8 272.6 275.6 220.2 271.9 292.4 295.1 302.7 333.8 395.7 397.7 401.9 405.3 411.2
EBIT 1 73.9 84.07 92.12 102.5 41.02 92.66 94.8 110.5 114.2 114.6 117.9 116.2 123.1 157.5 196.6
Operating Margin 15.48% 17.06% 17.98% 19.92% 7.92% 17.83% 17.55% 20.06% 20.81% 19.07% 17.32% 16.87% 17.75% 22.43% 27.67%
Earnings before Tax (EBT) 1 - - - - - 133 54.61 67.34 - 22.5 68.89 96.02 98.73 105.9 104.6
Net income 1 28.49 69.64 68.06 353.4 6.388 117.7 51.75 64.05 70.79 6.477 65.49 75.81 80.79 70.13 67.52
Net margin 5.97% 14.13% 13.28% 68.69% 1.23% 22.66% 9.58% 11.63% 12.9% 1.08% 9.62% 11.01% 11.65% 9.99% 9.5%
EPS 2 0.0500 0.1300 0.1300 0.6500 0.0100 0.2200 0.0900 0.1200 0.1300 0.0100 0.1030 0.1163 0.1235 0.1176 0.1146
Dividend per Share 2 0.3000 0.3000 0.3000 0.3000 0.3000 0.3000 0.3000 0.3000 0.3000 0.3000 0.3000 0.3000 0.3000 0.3072 0.3121
Announcement Date 2/8/22 5/3/22 8/2/22 11/1/22 2/7/23 4/27/23 7/27/23 10/30/23 2/8/24 4/25/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,207 6,254 6,012 6,426 6,707 8,616 8,685 8,482
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.056 x 12.84 x 6.092 x 6.735 x 5.772 x 5.484 x 5.29 x 4.858 x
Free Cash Flow 1 -1,264 6.47 73.2 - - 982 242 337
ROE (net income / shareholders' equity) 0.73% 6.39% 2.67% 7.56% 4.68% 3.79% 3.75% 4.28%
ROA (Net income/ Total Assets) 0.33% 2.75% 3.22% 3.21% 1.93% 1.11% 1.68% 1.74%
Assets 1 13,374 14,976 15,598 15,514 15,735 20,305 19,218 13,252
Book Value Per Share 2 12.40 12.60 12.10 12.20 11.60 13.30 11.90 10.60
Cash Flow per Share 2 - - 1.470 1.670 1.750 2.140 1.850 1.920
Capex 1 736 886 722 970 845 749 645 606
Capex / Sales 37.02% 54.39% 38.85% 47.61% 39.13% 28.33% 22.83% 20.08%
Announcement Date 2/11/20 2/9/21 2/8/22 2/7/23 2/8/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
19.4 USD
Average target price
22.53 USD
Spread / Average Target
+16.14%
Consensus
  1. Stock Market
  2. Equities
  3. DOC Stock
  4. Financials Healthpeak Properties, Inc.