American Healthcare REIT vs Healthpeak Properties
Add, change or remove companies; up to four.
KIRAβs take AI analyst
I put American Healthcare REIT and Healthpeak Properties side by side, using each oneβs latest annual report. Here is what stands out:
- Healthpeak Properties is the larger business, with $2.8B of revenue in fiscal 2025 against $2.3B for American Healthcare REIT.
- American Healthcare REIT grew revenue faster (9.2%, against 4.5%).
- Investors pay more for each dollar of American Healthcare REITβs earnings: a P/E of 78.8x against 55.3x for Healthpeak Properties.
Who comes out ahead
Of the 6 measures where higher (or lower) is clearly better, how many each company leads.
American Healthcare REIT
AHR
4/6
Revenue growth5-year growthNet marginReturn on equity
Healthpeak Properties
DOC
2/6
Gross marginShare count change
Side by side
Best in the row
| Latest fiscal year | AHR FY25 | DOC FY25 |
|---|---|---|
| Size | ||
| Market cap | $10.4B | $13.4B |
| Revenue | $2.3B | $2.8B |
| Free cash flow | β | $357M |
| Net income | $69.8M | $71.3M |
| Growth | ||
| Revenue growth | 9.2% | 4.5% |
| 5-year growth | 16.2% | 11.4% |
| Share count change | 27.7% | 2.9% |
| Profitability | ||
| Gross margin | 20.6% | 60.0% |
| Operating margin | 18.4% | β |
| Net margin | 3.1% | 2.5% |
| FCF margin | β | 12.7% |
| Return on capital | β | 3.2% |
| Return on equity | 2.5% | 0.9% |
| Balance sheet | ||
| Net debt | β | $9.4B |
| Net debt / EBITDA | β | 5.7x |
| Dividends and buybacks | $164M | $946M |
| Valuation & quality | ||
| P/E | 78.8x | 55.3x |
| Piotroski F-score | β | β |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.