Healthpeak Properties, Inc. (DOC) vs Regency Centers Corporation (REG)
A side-by-side comparison of Healthpeak Properties, Inc. and Regency Centers Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — DOC vs REG
growth of $100 · dividends reinvested · last 10yDOC vs REG: by the numbers
- •DOC is the larger company ($14.00B vs $13.37B market cap).
- •REG converts more revenue to profit (38.24% vs 8.60% net margin).
- •DOC grew revenue faster over the past five years (19.15% vs 9.52% CAGR).
- •DOC pays the higher dividend yield (6.01% vs 3.98%).
Metrics side by side
Valuation
| Metric | DOC | REG |
|---|---|---|
| P/E ratio | 58.03 | 20.75 |
| Forward P/E | 45.31 | 29.24 |
| P/S ratio | 4.75 | 7.77 |
| P/B ratio | 1.78 | 1.95 |
| EV / EBITDA | 14.04 | 16.69 |
| FCF yield | 2.12% | 3.87% |
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.
For REITs like Regency Centers Corporation, 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 | DOC | REG |
|---|---|---|
| Gross margin | 22.48% | 44.66% |
| Operating margin | 17.61% | 40.33% |
| Net margin | 8.60% | 38.24% |
| ROE | 3.23% | 9.58% |
| ROIC | 2.36% | 5.29% |
Dividends
| Metric | DOC | REG |
|---|---|---|
| Dividend yield | 6.01% | 3.98% |
| Payout ratio | 348.58% | 84.14% |
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.
Regency Centers Corporation'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 | DOC | REG |
|---|---|---|
| Revenue CAGR (5Y) | 19.15% | 9.52% |
| EPS CAGR (5Y) | -33.52% | 61.10% |
| FCF CAGR (5Y) | 10.55% | -3.16% |
| Total return CAGR (5Y) | -3.58% | 6.80% |
Frequently asked
- Which has grown faster, DOC or REG?
- Over the past five years, DOC grew revenue faster — DOC at a 19.15% CAGR versus REG at 9.52%.
- Does DOC or REG pay a bigger dividend?
- DOC yields 6.01% and REG yields 3.98% based on trailing dividends and the latest price.
- Is DOC or REG more profitable?
- REG runs the higher net margin — DOC at 8.60% versus REG at 38.24%.
- How have DOC and REG total returns compared?
- Over the past 10 years, DOC delivered 1.45% and REG delivered 3.62% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Healthpeak Properties & Regency Centers 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 September 13, 2026.