Healthpeak Properties vs Ventas
Ventas is the larger business, with $5.83bn of revenue in fiscal 2025 against $2.82bn for Healthpeak Properties (2.1 times as much). Ventas grew faster (18.5% against 4.5%). Ventas kept more of each dollar of sales as profit: a net margin of 4.3% against 2.5%. Ventas carries less debt relative to equity (104.6% against 133.0%).
| Latest fiscal year | Healthpeak PropertiesDOC, 2025 | VentasVTR, 2025 |
|---|---|---|
| Revenue | $2.82bn | $5.83bn |
| Revenue growth | 4.5% | 18.5% |
| Net income | $71.3m | $251m |
| Operating margin | — | — |
| Net margin | 2.5% | 4.3% |
| Return on equity | 0.9% | 2.2% |
| Free cash flow | $357m | −$1.28bn |
| Cash | $467m | $741m |
| Total debt | $9.98bn | $13.10bn |
| Debt to equity | 133.0% | 104.6% |
| Dividend per share | $1.22 | $1.92 |
| Dividend yield | 6.3% | 2.1% |
| Share buybacks | $97.1m | — |
| Employees | 411 | 542 |
| Market value | $13.49bn | $45.93bn |
| Price vs our value range | — | — |
| Moat score | 49 (Moderate) | 26 (Weak) |
| Insider trades, 12 months | 0 buys, 1 sales | 1 buys, 20 sales |