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Healthpeak Properties vs American Healthcare REIT: DOC and AHR compared
Healthpeak Properties is the larger company: $821M of revenue in its latest quarter (Q3 2026) against $742M for American Healthcare REIT (Q3 2026). American Healthcare REIT is growing faster (+30% against +16% a year earlier). American Healthcare REIT is more profitable, with an operating margin of 22.2% against 3.1%.
Where the money goes: DOC and AHR
Healthpeak Properties (DOC) · Q3 2026
Healthpeak Properties, Q3 2026: revenue $821M (+16% year over year), operating margin 3.1%, net earnings $17.3M, operating cash flow $354M. The chart follows the revenue to costs, profit and cash.
American Healthcare REIT (AHR) · Q3 2026
American Healthcare REIT, Q3 2026: revenue $742M (+30% year over year), operating margin 22.2%, net earnings $31.2M, operating cash flow $167M. The chart follows the revenue to costs, profit and cash.
| Healthpeak Properties (DOC) | American Healthcare REIT (AHR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $821M | $742M |
| Revenue growth, Y/Y | +16% | +30% |
| Operating margin | 3.1% | 22.2% |
| Net earnings | $17.3M | $31.2M |
| Net margin | 2.1% | 4.2% |
| Operating cash flow | $354M | $167M |
| Free cash flow | $210M | — |
| Market value | $14.0B | $12.6B |
| P/E | 37.5× | 129.4× |
| Analysts’ mean target | $22.39 | $63.69 |
Where the revenue comes from
American Healthcare REIT
- Integrated Senior Health Campuses: $534M (72%)
- SHOP: $167M (22%)
- Outpatient Medical: $30.7M (4%)
- Triple Net Leased Properties: $10.4M (1%)
Questions
Which is bigger, Healthpeak Properties or American Healthcare REIT?
Healthpeak Properties is the larger company: $821M of revenue in its latest quarter (Q3 2026) against $742M for American Healthcare REIT (Q3 2026).
Is Healthpeak Properties or American Healthcare REIT growing faster?
American Healthcare REIT is growing faster (+30% against +16% a year earlier).
Which is more profitable, Healthpeak Properties or American Healthcare REIT?
American Healthcare REIT is more profitable, with an operating margin of 22.2% against 3.1%.
More: Healthpeak Properties earnings · how Healthpeak Properties makes money · American Healthcare REIT earnings · how American Healthcare REIT makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.