Healthpeak REIT Soars Past Market, Outperforms ETFs

Healthpeak Properties, Inc. (DOC), a prominent healthcare real estate investment trust (REIT) with a market capitalization of $13.5 billion, has demonstrated robust performance. As of September 30, 2025, its portfolio comprised interests in 703 properties, focusing on outpatient medical facilities, laboratory buildings, and continuing care retirement communities.

As of June 21, 2026, Healthpeak's stock has risen 12.5% over the past three months and 21.6% year-to-date, significantly outpacing the State Street Real Estate Select Sector SPDR ETF (XLRE). This upward trend has continued over the past 52 weeks, with shares increasing by 14.7% compared to XLRE's nearly 8% return.

Following its Q1 2026 results announced on May 5, 2026, Healthpeak's shares surged 18.1%. The company reported adjusted FFO of $0.45 per share and revenue of $753 million, exceeding analyst predictions. Furthermore, Healthpeak slightly raised its full-year 2026 adjusted FFO guidance to between $1.71 and $1.75 per share, driven by strong leasing activity, including 1.2 million square feet of outpatient medical and lab lease executions.

Despite higher quarterly operating expenses of $747.4 million, investor confidence was further bolstered by the successful initial public offering of Janus Living (JAN). In contrast, rival Welltower Inc. (WELL) has lagged Healthpeak in year-to-date returns, although WELL stock has shown stronger performance over the past 52 weeks.