Professional
Added to YB: 2026-02-25
Pitch date: 2026-02-23
DOC [bullish]
Healthpeak Properties, Inc.
-0.35%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
Healthpeak Properties, Inc. is a Standard & Poor’s 500 company that owns, operates, and develops high-quality real estate focused on healthcare discovery and delivery in the United States.
Market Cap
$11.8B
Pitch Price
$17.31
Price Target
22.00 (+27%)
Dividend
7.18%
EV/EBITDA
15.86
P/E
169.90
EV/Sales
7.89
Sector
Health Care REITs
Category
special_situation
Sticking with what's hated: REITs - Healthpeak Properties, Inc.
DOC: S&P 500 REIT trading at 10x AFFO vs Welltower's 40x. Spinning out seniors living (15% NOI) into Janus Living IPO 1H 2026 should drive multiple expansion. Medical offices seeing strongest demand ever, high occupancy. Weak life science (33% NOI, CA-focused) pressuring valuation. Selling low cap rate medical to buy higher cap rate life science countercyclically. 25% upside potential from IPO catalyst.
Read full article (2 min)