DOC

NYSE

HEALTHPEAK PROPERTIES, INC.

Real Estate, Health Care REITs

$21.41

close 7 Aug 2026

+27.67%

52-week change

$14.76B

market cap

$15.70

$22.95

52-week range

Expected price

$13.71 – $16.75

Current price

$21.41

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)61.17x

P/S (TTM)5.00x

P/B1.88x

EV/EBITDA (TTM)13.85x

FCF yield (TTM)2.45%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average50.26x

P/E, sector median34.68x*

Price at 5-year median P/E$15.26*

Indicated dividend yield5.72%

Forward — analyst consensus

Forward P/E (FY2026)52.86x*

Forward P/E (FY2027)—

Forward PEG—*

Consensus EPS FY2026 (2 analysts)$0.4050

EPS growth (FY2026→FY2027)—

Revenue growth (FY2026)4.39%

Street view

Price target (mean)$22.55*

Target upside5.34%

Ratings (buy / hold / sell)8 / 14 / 0

FY2026 EPS revisions, 30d (up / down)0 / 1

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 5 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

10Y CAGR -8.17%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$21.41

Cash & equivalents$1.63B

Total debt$10.15B

Shares outstanding689.47M

Result

DCF price per share-$8.05

Current price$21.41

Margin of safety-137.58%

PV of years 1–10$1.65B

PV of terminal value$1.33B

Equity value-$5.55B

Market-implied growth+18.51%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$331.77M	$304.67M	$279.78M	$256.92M	$235.93M	$216.65M	$198.95M	$182.70M	$167.77M	$154.06M	$2.87B
PV	$307.20M	$261.20M	$222.09M	$188.84M	$160.57M	$136.53M	$116.09M	$98.71M	$83.93M	$71.36M	$1.33B

period to 30 Jun 2026, filed 5 Aug 2026, close 7 Aug 2026