DOC vs. VTR: Healthpeak Properties vs. Ventas Stock Comparison

Company Profile

Healthpeak Properties (DOC) and Ventas (VTR) are both classified in the Health Care REITs sub-industry within the broader Health Care REITs industry, placing them in the closest GICS peer bucket.

Both Healthpeak Properties (DOC) and Ventas (VTR) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Both Healthpeak Properties (DOC) at 4.42% and Ventas (VTR) at 1.87% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

Neither Healthpeak Properties (DOC) in Equity Real Estate Investment Trusts (REITs) nor Ventas (VTR) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Neither side reports a meaningful operating margin: for Healthpeak Properties (DOC) in Equity Real Estate Investment Trusts (REITs) and Ventas (VTR) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Ventas (VTR) at 18.47% sits in the top revenue growth quartile, while Healthpeak Properties (DOC) at 4.52% is closer to the peer norm — faster top-line expansion for VTR.

EPS growth isn't a meaningful figure for either Healthpeak Properties (DOC) in Equity Real Estate Investment Trusts (REITs) or Ventas (VTR) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

Healthpeak Properties (DOC) at 1.48 keeps current ratio within its industry’s typical mid-range, while Ventas (VTR) at 0.37 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for VTR.

Both Healthpeak Properties (DOC) at 0.90 and Ventas (VTR) at 0.77 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

Financial Strength Metrics

Dividends

Healthpeak Properties (DOC) at 6.06% offers top-quartile income, while Ventas (VTR) at 2.29% sits in the bottom quartile — a wide gap in cash returned to shareholders.

An earnings-based payout ratio fits neither Healthpeak Properties (DOC) in Equity Real Estate Investment Trusts (REITs) nor Ventas (VTR) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Valuation

P/E ratio is not a meaningful valuation yardstick for either Healthpeak Properties (DOC) in Equity Real Estate Investment Trusts (REITs) or Ventas (VTR) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

On P/S ratio, both Healthpeak Properties (DOC) at 4.80 and Ventas (VTR) at 6.96 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

Healthpeak Properties (DOC) at 1.78 is valued about in line with its industry on P/B ratio, while Ventas (VTR) at 2.97 carries an above-peer premium to book — VTR is pricier on assets.

Valuation Metrics