Healthpeak Properties, Inc. (DOC) vs Essex Property Trust, Inc. (ESS)
ESS leads on 9 of 14 compared metrics.
A side-by-side comparison of Healthpeak Properties, Inc. and Essex Property Trust, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
DOC
Healthpeak Properties, Inc.
$22.29Real EstateDelayed quote: Jul 20, 2026, 4:00 PM EDT
ESS
Essex Property Trust, Inc.
$293.83Real EstateDelayed quote: Jul 20, 2026, 4:00 PM EDT
Total return — DOC vs ESS
growth of $100 · dividends reinvested · last 30yDOC +985.4%ESS +4363.5%ESS compounded faster
DOC ESS
DOC vs ESS: by the numbers
- •ESS is the larger company ($18.88B vs $15.37B market cap).
- •ESS trades at the lower earnings multiple (33.01 vs 71.37 P/E).
- •ESS converts more revenue to profit (30.17% vs 7.73% net margin).
- •DOC grew revenue faster over the past five years (19.87% vs 5.52% CAGR).
- •DOC pays the higher dividend yield (5.42% vs 3.51%).
Which is better, DOC or ESS?
Metric tally: DOC 5 · ESS 9It depends on what you're optimizing for:
ValueESS(lower P/E)
GrowthDOC(faster 5Y revenue CAGR)
IncomeDOC(higher dividend yield)
QualityESS(higher ROIC)
Metrics side by side
Valuation
| Metric | DOC | ESS |
|---|---|---|
| P/E ratio | 71.37 | 33.01● |
| Forward P/E | 68.37 | 49.51● |
| P/S ratio | 5.45● | 9.93 |
| P/B ratio | 2.00● | 3.48 |
| PEG ratio | — | 8.97 |
| EV / EBITDA | 15.68● | 19.17 |
Profitability
| Metric | DOC | ESS |
|---|---|---|
| Gross margin | 22.48% | 69.44%● |
| Operating margin | 18.31% | 38.38%● |
| Net margin | 7.73% | 30.17%● |
| ROE | 2.84% | 10.59%● |
| ROIC | 2.94% | 5.98%● |
Dividends
| Metric | DOC | ESS |
|---|---|---|
| Dividend yield | 5.42%● | 3.51% |
| Payout ratio | 1220.04% | 99.14% |
Growth (annualized)
| Metric | DOC | ESS |
|---|---|---|
| Revenue CAGR (5Y) | 19.87%● | 5.52% |
| EPS CAGR (5Y) | -33.52% | 3.68%● |
| Total return CAGR (5Y) | -3.39% | 1.25%● |
Frequently asked
- Which is better, DOC or ESS?
- It depends on your goal. value: ESS (lower P/E); growth: DOC (faster 5Y revenue CAGR); income: DOC (higher dividend yield); quality: ESS (higher ROIC). Across all compared metrics, ESS leads 9 to 5.
- Is DOC or ESS cheaper?
- On trailing earnings, ESS is cheaper: DOC trades at a 71.37 P/E and ESS at 33.01.
- Which has grown faster, DOC or ESS?
- Over the past five years, DOC grew revenue faster — DOC at a 19.87% CAGR versus ESS at 5.52%.
- Does DOC or ESS pay a bigger dividend?
- DOC yields 5.42% and ESS yields 3.51% based on trailing dividends and the latest price.
- Is DOC or ESS more profitable?
- ESS runs the higher net margin — DOC at 7.73% versus ESS at 30.17%.
- Which has been the better investment, DOC or ESS?
- Over the past 10-year, ESS delivered the higher annualized total return — DOC at 1.25% versus ESS at 6.10%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Healthpeak Properties P/E ratioEssex Property Trust P/E ratioHealthpeak Properties dividend yieldEssex Property Trust dividend yieldHealthpeak Properties ROEEssex Property Trust ROEHealthpeak Properties operating marginEssex Property Trust operating marginHealthpeak Properties revenue growthEssex Property Trust revenue growthHealthpeak Properties free cash flowEssex Property Trust free cash flow
Healthpeak Properties & Essex Property Trust 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 July 20, 2026.