DOC (Healthpeak Properties) Scaled Net Operating Assets: 0.91 (As of Mar. 2026)


DOC Healthpeak Properties Inc DOC
74 GF Score
Price $20.83
GF Value $19.55
Valuation Fairly Valued
! 8 Warning Signs
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What is Healthpeak Properties Scaled Net Operating Assets?

Healthpeak Properties DOC +1.29% 74 Scaled Net Operating Assets is 0.91 as of Mar. 2026. GuruFocus rates DOC with a GF Score™ of 74/100 and a GF Value™ of $19.55 (Fairly Valued). The stock has 8 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Healthpeak Properties's operating assets for the quarter that ended in Mar. 2026 was $20,445 Mil. Healthpeak Properties's operating liabilities for the quarter that ended in Mar. 2026 was $1,843 Mil. Healthpeak Properties's Total Assets for the quarter that ended in Dec. 2025 was $20,336 Mil. Therefore, Healthpeak Properties's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.91.


Healthpeak Properties Scaled Net Operating Assets Historical Data

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The historical data trend for Healthpeak Properties's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Healthpeak Properties Scaled Net Operating Assets Chart

Healthpeak Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.91 0.88 1.14 0.90

Healthpeak Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 0.90 0.89 0.92 0.92

DOC vs OHI, AHR, CTRE: Scaled Net Operating Assets Comparison

For the REIT - Healthcare Facilities subindustry, Healthpeak Properties's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Healthpeak Properties Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Healthpeak Properties's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Healthpeak Properties's Scaled Net Operating Assets falls into.


DOC
74GF Score
Healthpeak Properties Inc DOC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Healthpeak Properties Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Healthpeak Properties's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(19868.561-1889.413)/19938.255
=0.90

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=20336.018 - 467.457
=19868.561

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12033.567 - 9065.304 - 1078.85
=1889.413

Healthpeak Properties's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(20445.233-1843.351)/20336.018
=0.91

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=21616.225 - 1170.992
=20445.233

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12556.212 - 8961.452 - 1751.409
=1843.351

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.91 mean?
Healthpeak Properties (DOC) has a Scaled Net Operating Assets of 0.91 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Healthpeak Properties and its competitors.
Is Healthpeak Properties' Scaled Net Operating Assets too high?
Healthpeak Properties' current Scaled Net Operating Assets is 0.91. Overall, Healthpeak Properties has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Healthpeak Properties' Scaled Net Operating Assets compare to OHI and AHR?
Healthpeak Properties' Scaled Net Operating Assets of 0.91 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Healthpeak Properties and its competitors. Healthpeak Properties's current Scaled Net Operating Assets is 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Healthpeak Properties stock overvalued right now?
Based on GuruFocus' analysis, Healthpeak Properties (DOC) is currently considered Fairly Valued. The stock's GF Value™ is $19.55, compared to a current price of $20.83 — trading 6.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.91. Healthpeak Properties' overall GF Score™ is 74/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Healthpeak Properties (DOC), the current Scaled Net Operating Assets is 0.91 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Healthpeak Properties (DOC) Overvalued in 2026?

Based on GuruFocus' analysis, Healthpeak Properties stock appears to be overvalued. The current stock price of $20.83 is trading 6.5% above its estimated GF Value™ of $19.55. GuruFocus considers Healthpeak Properties to be Fairly Valued.

Key valuation signals for DOC:

  • Scaled Net Operating Assets: 0.91
  • GF Value™: $19.55 vs. price of $20.83 (6.5% above fair value)
  • GF Score™: 74/100 with 8 warning signs

No single metric tells the full story. See the DOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Healthpeak Properties Business Description

Industry Real EstateREITs
Other Exchanges HC5:GermanyP1EA34:Brazil
Address 4600 South Syracuse Street, Suite 500, Denver, CO, USA, 80237
Healthpeak owns a diversified healthcare portfolio of approximately 700 in-place properties spread across mainly medical office and life science assets, plus a handful of senior housing, hospital, and skilled nursing/post-acute care assets, as well.
74GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$20.83
Price
$19.55
GF Value