Healthpeak Properties (DOC) 10-K Summary — Year Ended Dec 31, 2025
The company reported revenue growth in the most recent fiscal year, with positive net income. Operating cash flow remained strong and significantly exceeded net income.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
The company reported revenue growth in the most recent fiscal year, with positive net income. Operating cash flow remained strong and significantly exceeded net income.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$604M
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$71.3M
Net income reported for the year.
Operating cash flow
$1.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $494.9M | -4.9% |
| Dec 31, 2023 | $527.4M | +6.6% |
| Dec 31, 2024 | $568.5M | +7.8% |
| Dec 31, 2025 | $604M | +6.2% |
Business overview
The company is primarily engaged in real estate investment and operations. Its business description is covered in the Business section of the filing, alongside risk factors and other disclosures.
Financial performance
Revenue continued to increase compared to prior periods. Net income was positive for the year. Operating cash flow substantially surpassed net income, indicating healthy underlying cash generation.
Material risks
The filing identifies and discusses a range of risk factors that could affect the company’s operations and financial condition. These include market, operational, and regulatory risks, which are detailed in the Risk Factors section.
Liquidity and capital
The filing addresses liquidity and capital resources, including cash flows and financing activities. It also provides reconciliations of non-GAAP financial measures.
What to watch
Investors should monitor trends in operating cash flow relative to net income in the next annual report.