DOC vs. EXR: A Head-to-Head Stock Comparison

Updated on October 5, 2025

Here’s a clear look at DOC and EXR, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Both DOC and EXR are Real Estate Investment Trusts (REITs). These entities are required to distribute the majority of their taxable income to shareholders, often resulting in higher dividend yields.

Symbol	DOC	EXR
Company Name	Healthpeak Properties, Inc.	Extra Space Storage Inc.
Country	United States	United States
GICS Sector	Real Estate	Real Estate
GICS Industry	Health Care REITs	Specialized REITs
Market Capitalization	13.46 billion USD	31.65 billion USD
Exchange	NYSE	NYSE
Listing Date	May 23, 1985	August 16, 2004
Security Type	REIT	REIT

Historical Performance

This chart compares the performance of DOC and EXR by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

DOC vs. EXR: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	DOC	EXR
5-Day Price Return	1.89%	0.97%
13-Week Price Return	6.31%	-6.58%
26-Week Price Return	-4.20%	-3.82%
52-Week Price Return	-13.29%	-19.42%
Month-to-Date Return	1.15%	1.33%
Year-to-Date Return	-4.44%	-4.53%
10-Day Avg. Volume	6.44M	0.90M
3-Month Avg. Volume	6.92M	1.12M
3-Month Volatility	23.04%	28.54%
Beta	1.11	1.28

Profitability

Return on Equity (TTM)

DOC

1.99%

Health Care REITs Industry

Max: 10.39%
Q3: 6.95%
Median: 5.08%
Q1: 2.35%
Min: 1.71%

DOC’s Return on Equity of 1.99% is in the lower quartile for the Health Care REITs industry. This indicates a less efficient generation of profit from its equity base when compared to its competitors.

EXR

7.02%

Specialized REITs Industry

Max: 21.01%
Q3: 17.78%
Median: 8.42%
Q1: 6.83%
Min: -1.71%

EXR’s Return on Equity of 7.02% is on par with the norm for the Specialized REITs industry, indicating its profitability relative to shareholder equity is typical for the sector.

DOC vs. EXR: A comparison of their Return on Equity (TTM) against their respective Health Care REITs and Specialized REITs industry benchmarks.

Net Profit Margin (TTM)

DOC

5.90%

Health Care REITs Industry

Max: 58.90%
Q3: 41.92%
Median: 27.62%
Q1: 7.47%
Min: -32.95%

In the Health Care REITs industry, Net Profit Margin is often not the primary profitability metric.

EXR

29.51%

Specialized REITs Industry

Max: 70.20%
Q3: 38.00%
Median: 23.98%
Q1: 6.53%
Min: -1.41%

In the Specialized REITs industry, Net Profit Margin is often not the primary profitability metric.

DOC vs. EXR: A comparison of their Net Profit Margin (TTM) against their respective Health Care REITs and Specialized REITs industry benchmarks.

Operating Profit Margin (TTM)

DOC

15.22%

Health Care REITs Industry

Max: 92.65%
Q3: 49.54%
Median: 38.20%
Q1: 14.70%
Min: -22.55%

In the Health Care REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

EXR

43.69%

Specialized REITs Industry

Max: 107.13%
Q3: 54.03%
Median: 42.12%
Q1: 16.28%
Min: 5.86%

In the Specialized REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

DOC vs. EXR: A comparison of their Operating Profit Margin (TTM) against their respective Health Care REITs and Specialized REITs industry benchmarks.

Profitability at a Glance

Symbol	DOC	EXR
Return on Equity (TTM)	1.99%	7.02%
Return on Assets (TTM)	0.83%	3.39%
Net Profit Margin (TTM)	5.90%	29.51%
Operating Profit Margin (TTM)	15.22%	43.69%
Gross Profit Margin (TTM)	60.51%	71.25%

Financial Strength

Current Ratio (MRQ)

DOC

0.19

Health Care REITs Industry

Max: 2.86
Q3: 1.87
Median: 1.49
Q1: 0.26
Min: 0.06

DOC’s Current Ratio of 0.19 falls into the lower quartile for the Health Care REITs industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

EXR

0.30

Specialized REITs Industry

Max: 1.74
Q3: 1.08
Median: 0.58
Q1: 0.34
Min: 0.10

EXR’s Current Ratio of 0.30 falls into the lower quartile for the Specialized REITs industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

DOC vs. EXR: A comparison of their Current Ratio (MRQ) against their respective Health Care REITs and Specialized REITs industry benchmarks.

Debt-to-Equity Ratio (MRQ)

DOC

1.14

Health Care REITs Industry

Max: 1.14
Q3: 1.00
Median: 0.95
Q1: 0.73
Min: 0.35

DOC’s leverage is in the upper quartile of the Health Care REITs industry, with a Debt-to-Equity Ratio of 1.14. While this approach can boost equity growth, it also exposes the company to greater financial vulnerability.

EXR

0.94

Specialized REITs Industry

Max: 5.86
Q3: 3.80
Median: 1.22
Q1: 0.73
Min: 0.16

EXR’s Debt-to-Equity Ratio of 0.94 is typical for the Specialized REITs industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

DOC vs. EXR: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Health Care REITs and Specialized REITs industry benchmarks.

Interest Coverage Ratio (TTM)

DOC

1.97

Health Care REITs Industry

Max: 5.10
Q3: 2.88
Median: 1.84
Q1: 1.17
Min: 0.43

DOC’s Interest Coverage Ratio of 1.97 is positioned comfortably within the norm for the Health Care REITs industry, indicating a standard and healthy capacity to cover its interest payments.

EXR

3.40

Specialized REITs Industry

Max: 5.24
Q3: 3.92
Median: 2.94
Q1: 2.07
Min: 1.14

EXR’s Interest Coverage Ratio of 3.40 is positioned comfortably within the norm for the Specialized REITs industry, indicating a standard and healthy capacity to cover its interest payments.

DOC vs. EXR: A comparison of their Interest Coverage Ratio (TTM) against their respective Health Care REITs and Specialized REITs industry benchmarks.

Financial Strength at a Glance

Symbol	DOC	EXR
Current Ratio (MRQ)	0.19	0.30
Quick Ratio (MRQ)	0.19	0.22
Debt-to-Equity Ratio (MRQ)	1.14	0.94
Interest Coverage Ratio (TTM)	1.97	3.40

Growth

Revenue Growth

DOC vs. EXR: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

DOC vs. EXR: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

DOC

6.21%

Health Care REITs Industry

Max: 8.56%
Q3: 6.40%
Median: 6.02%
Q1: 3.59%
Min: 1.51%

DOC’s Dividend Yield of 6.21% is consistent with its peers in the Health Care REITs industry, providing a dividend return that is standard for its sector.

EXR

4.58%

Specialized REITs Industry

Max: 6.92%
Q3: 5.29%
Median: 4.71%
Q1: 3.25%
Min: 2.16%

EXR’s Dividend Yield of 4.58% is consistent with its peers in the Specialized REITs industry, providing a dividend return that is standard for its sector.

DOC vs. EXR: A comparison of their Dividend Yield (TTM) against their respective Health Care REITs and Specialized REITs industry benchmarks.

Dividend Payout Ratio (TTM)

DOC

512.37%

Health Care REITs Industry

Max: 234.45%
Q3: 218.09%
Median: 153.06%
Q1: 99.53%
Min: 0.00%

At 512.37%, DOC’s Dividend Payout Ratio is exceptionally high, exceeding the typical range for the Health Care REITs industry. While this provides a significant return to shareholders, it may limit funds for reinvestment and could be difficult to sustain.

EXR

140.88%

Specialized REITs Industry

Max: 338.69%
Q3: 202.75%
Median: 125.21%
Q1: 107.89%
Min: 16.73%

EXR’s Dividend Payout Ratio of 140.88% is within the typical range for the Specialized REITs industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

DOC vs. EXR: A comparison of their Dividend Payout Ratio (TTM) against their respective Health Care REITs and Specialized REITs industry benchmarks.

Dividend at a Glance

Symbol	DOC	EXR
Dividend Yield (TTM)	6.21%	4.58%
Dividend Payout Ratio (TTM)	512.37%	140.88%

Valuation

Price-to-Earnings Ratio (TTM)

DOC

82.56

Health Care REITs Industry

Max: 79.81
Q3: 46.18
Median: 26.23
Q1: 23.21
Min: 13.95

The P/E Ratio is often not the primary metric for valuation in the Health Care REITs industry.

EXR

30.76

Specialized REITs Industry

Max: 119.95
Q3: 64.19
Median: 27.78
Q1: 23.88
Min: 5.25

The P/E Ratio is often not the primary metric for valuation in the Specialized REITs industry.

DOC vs. EXR: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Health Care REITs and Specialized REITs industry benchmarks.

Price-to-Sales Ratio (TTM)

DOC

4.87

Health Care REITs Industry

Max: 20.59
Q3: 11.86
Median: 7.62
Q1: 4.92
Min: 3.19

In the lower quartile for the Health Care REITs industry, DOC’s P/S Ratio of 4.87 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.

EXR

9.08

Specialized REITs Industry

Max: 10.35
Q3: 8.84
Median: 8.28
Q1: 5.39
Min: 1.68

EXR’s P/S Ratio of 9.08 is in the upper echelon for the Specialized REITs industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.

DOC vs. EXR: A comparison of their Price-to-Sales Ratio (TTM) against their respective Health Care REITs and Specialized REITs industry benchmarks.

Price-to-Book Ratio (MRQ)

DOC

1.53

Health Care REITs Industry

Max: 2.80
Q3: 2.04
Median: 1.58
Q1: 0.90
Min: 0.54

DOC’s P/B Ratio of 1.53 is within the conventional range for the Health Care REITs industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

EXR

2.27

Specialized REITs Industry

Max: 13.73
Q3: 7.48
Median: 2.56
Q1: 1.70
Min: 0.71

EXR’s P/B Ratio of 2.27 is within the conventional range for the Specialized REITs industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

DOC vs. EXR: A comparison of their Price-to-Book Ratio (MRQ) against their respective Health Care REITs and Specialized REITs industry benchmarks.

Valuation at a Glance

Symbol	DOC	EXR
Price-to-Earnings Ratio (TTM)	82.56	30.76
Price-to-Sales Ratio (TTM)	4.87	9.08
Price-to-Book Ratio (MRQ)	1.53	2.27
Price-to-Free Cash Flow Ratio (TTM)	26.80	38.20