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. Our company was originally founded in 1985. We are organized as an umbrella partnership REIT. We hold substantially all our assets and conduct our operations through our operating subsidiary, Healthpeak OP, a …
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Competitive advantage assessment
Key strengths
Stable NOI PerformanceNOI stability is excellent (score 1.00), suggesting reliable rent streams.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Healthpeak Properties, Inc. ranks #10 of 20
scored companies in REIT - Healthcare Facilities by moat score — the top 50%.
The widest moat in the group is CareTrust REIT, Inc. (CTRE)
at 88/100.
Moat scores for companies ranked near DOC in REIT - Healthcare Facilities
For a REIT, pricing power is the ability to raise rents at renewal and still keep the space occupied.
AFFO Strength
Score 48
· 18% of the moat score
AFFO — adjusted funds from operations — is the cash a REIT can actually distribute after the recurring capital spending buildings need in order to stay leasable.
Balance Sheet & Cost of Capital
Score 54
· 20% of the moat score
Real estate is bought with borrowed money, so a REIT's cost of capital is its competitive advantage.
Capital Recycling & Growth
Score 44
· 16% of the moat score
REITs grow by issuing shares and debt to buy more property, which creates value only when the yield on the asset exceeds the cost of the capital raised.
Operational Efficiency
Score 42
· 14% of the moat score
Running property — leasing, maintenance, taxes, management — is the part of the business a REIT genuinely controls.
Portfolio Quality & Diversification
Score 66
· 12% of the moat score
Portfolio quality is really a question about what happens when a tenant fails.
Healthpeak Properties, Inc. (DOC) scores 55 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #10 of 20 scored companies in REIT - Healthcare Facilities, the top 50%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 20 companies in REIT - Healthcare Facilities. Its strongest defense is Rent Pricing Power (72/100) and its weakest is Operational Efficiency (42/100).
How does Healthpeak Properties, Inc. compare with other REIT - Healthcare Facilities companies?
Healthpeak Properties, Inc. ranks #10 of 20 scored companies in REIT - Healthcare Facilities by moat score. The widest moat in REIT - Healthcare Facilities is CareTrust REIT, Inc. (CTRE) at 88/100. The companies ranked closest are Ventas, Inc. (VTR) at 59 just above it and Welltower Inc. (WELL) at 46 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — REIT Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 20 companies in REIT - Healthcare Facilities. The defenses are then weighted to produce the overall score out of 100.
Why is Healthpeak Properties, Inc. scored with the REIT Specialized template?
A REIT is a portfolio of buildings financed with debt and required to distribute most of its taxable income. Reported earnings are dominated by depreciation on assets that often appreciate, so net income says very little; the real question is how much cash the properties distribute, and how securely. The REIT template scores what determines that: rent pricing, distributable cash, cost of capital, and the discipline behind growth.
Which competitive defenses are measured for Healthpeak Properties, Inc.?
The REIT Specialized template measures 6 defenses, and DOC scores: Rent Pricing Power (72), AFFO Strength (48), Balance Sheet & Cost of Capital (54), Capital Recycling & Growth (44), Operational Efficiency (42), Portfolio Quality & Diversification (66). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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