BXP, Inc. (BXP) vs Healthpeak Properties, Inc. (DOC)
A side-by-side comparison of BXP, Inc. and Healthpeak Properties, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 12, 2026. Differences are shown without an overall score or investment verdict.
Total return — BXP vs DOC
growth of $100 · dividends reinvested · last 10yBXP vs DOC: by the numbers
- •DOC is the larger company ($14.25B vs $10.87B market cap).
- •DOC converts more revenue to profit (8.60% vs 8.44% net margin).
- •DOC grew revenue faster over the past five years (19.15% vs 4.77% CAGR).
- •DOC pays the higher dividend yield (5.95% vs 4.15%).
Metrics side by side
Valuation
| Metric | BXP | DOC |
|---|---|---|
| P/E ratio | 36.28 | 58.60 |
| Forward P/E | 32.94 | 56.24 |
| P/S ratio | 3.06 | 4.80 |
| P/B ratio | 2.09 | 1.80 |
| EV / EBITDA | 12.26 | 14.13 |
| FCF yield | 4.35% | 2.09% |
For REITs like BXP, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Healthpeak Properties, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | BXP | DOC |
|---|---|---|
| Gross margin | 60.56% | 22.48% |
| Operating margin | 55.71% | 17.61% |
| Net margin | 8.44% | 8.60% |
| ROE | 5.75% | 3.23% |
| ROIC | 5.87% | 3.10% |
Dividends
| Metric | BXP | DOC |
|---|---|---|
| Dividend yield | 4.15% | 5.95% |
| Payout ratio | 160.00% | 1220.04% |
BXP, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Healthpeak Properties, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | BXP | DOC |
|---|---|---|
| Revenue CAGR (5Y) | 4.77% | 19.15% |
| EPS CAGR (5Y) | -20.59% | -33.52% |
| FCF CAGR (5Y) | -12.61% | 10.55% |
| Total return CAGR (5Y) | -5.87% | -4.77% |
Frequently asked
- Which has grown faster, BXP or DOC?
- Over the past five years, DOC grew revenue faster — BXP at a 4.77% CAGR versus DOC at 19.15%.
- Does BXP or DOC pay a bigger dividend?
- BXP yields 4.15% and DOC yields 5.95% based on trailing dividends and the latest price.
- Is BXP or DOC more profitable?
- DOC runs the higher net margin — BXP at 8.44% versus DOC at 8.60%.
- How have BXP and DOC total returns compared?
- Over the past 10 years, BXP delivered -3.29% and DOC delivered 0.20% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
BXP & Healthpeak Properties appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 12, 2026.