Camden Property Trust (CPT) vs Healthpeak Properties, Inc. (DOC)
A side-by-side comparison of Camden Property Trust and Healthpeak Properties, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — CPT vs DOC
growth of $100 · dividends reinvested · last 10yCPT vs DOC: by the numbers
- •DOC is the larger company ($14.30B vs $11.07B market cap).
- •CPT converts more revenue to profit (20.73% vs 8.60% net margin).
- •DOC grew revenue faster over the past five years (19.15% vs 7.99% CAGR).
- •DOC pays the higher dividend yield (5.91% vs 3.89%).
Metrics side by side
Valuation
| Metric | CPT | DOC |
|---|---|---|
| P/E ratio | 36.01 | 59.03 |
| Forward P/E | 96.55 | 56.66 |
| P/S ratio | 7.05 | 4.83 |
| P/B ratio | 2.92 | 1.82 |
| EV / EBITDA | 17.72 | 14.19 |
| FCF yield | 6.49% | 2.08% |
For REITs like Camden Property Trust, 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 | CPT | DOC |
|---|---|---|
| Gross margin | 61.41% | 22.48% |
| Operating margin | 17.81% | 17.61% |
| Net margin | 20.73% | 8.60% |
| ROE | 8.58% | 3.23% |
| ROIC | 3.24% | 3.10% |
Dividends
| Metric | CPT | DOC |
|---|---|---|
| Dividend yield | 3.89% | 5.91% |
| Payout ratio | 119.21% | 1220.04% |
Camden Property Trust'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 | CPT | DOC |
|---|---|---|
| Revenue CAGR (5Y) | 7.99% | 19.15% |
| EPS CAGR (5Y) | 23.35% | -33.52% |
| FCF CAGR (5Y) | 49.32% | 10.55% |
| Total return CAGR (5Y) | -2.35% | -4.61% |
Frequently asked
- Which has grown faster, CPT or DOC?
- Over the past five years, DOC grew revenue faster — CPT at a 7.99% CAGR versus DOC at 19.15%.
- Does CPT or DOC pay a bigger dividend?
- CPT yields 3.89% and DOC yields 5.91% based on trailing dividends and the latest price.
- Is CPT or DOC more profitable?
- CPT runs the higher net margin — CPT at 20.73% versus DOC at 8.60%.
- How have CPT and DOC total returns compared?
- Over the past 10 years, CPT delivered 5.79% and DOC delivered 0.13% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Camden Property & 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 13, 2026.