Healthpeak Properties, Inc. (DOC) vs Sun Communities, Inc. (SUI)
A side-by-side comparison of Healthpeak Properties, Inc. and Sun Communities, 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 — DOC vs SUI
growth of $100 · dividends reinvested · last 10yDOC vs SUI: by the numbers
- •SUI is the larger company ($14.58B vs $14.27B market cap).
- •DOC is profitable (8.60% net margin) while SUI runs a net loss (-39.28%).
- •DOC grew revenue faster over the past five years (19.15% vs 3.84% CAGR).
- •DOC pays the higher dividend yield (5.95% vs 3.64%).
Metrics side by side
Valuation
| Metric | DOC | SUI |
|---|---|---|
| P/E ratio | 58.60 | N/A |
| Forward P/E | 56.24 | 53.63 |
| P/S ratio | 4.80 | 6.88 |
| P/B ratio | 1.80 | 2.74 |
| EV / EBITDA | 14.13 | 17.87 |
| FCF yield | 2.09% | 5.49% |
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 Sun Communities, 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 | DOC | SUI |
|---|---|---|
| Gross margin | 22.48% | 9.26% |
| Operating margin | 17.61% | 25.14% |
| Net margin | 8.60% | -39.28% |
| ROE | 3.23% | -15.64% |
| ROIC | 3.10% | 4.45% |
Dividends
| Metric | DOC | SUI |
|---|---|---|
| Dividend yield | 5.95% | 3.64% |
| Payout ratio | 1220.04% | 39.85% |
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.
Sun Communities, 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 | DOC | SUI |
|---|---|---|
| Revenue CAGR (5Y) | 19.15% | 3.84% |
| EPS CAGR (5Y) | -33.52% | 51.92% |
| FCF CAGR (5Y) | 10.55% | 2.75% |
| Total return CAGR (5Y) | -4.77% | -6.21% |
Frequently asked
- Which has grown faster, DOC or SUI?
- Over the past five years, DOC grew revenue faster — DOC at a 19.15% CAGR versus SUI at 3.84%.
- Does DOC or SUI pay a bigger dividend?
- DOC yields 5.95% and SUI yields 3.64% based on trailing dividends and the latest price.
- Is DOC or SUI more profitable?
- DOC runs the higher net margin — DOC at 8.60% versus SUI at -39.28%.
- How have DOC and SUI total returns compared?
- Over the past 10 years, DOC delivered 0.20% and SUI delivered 7.51% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Healthpeak Properties & Sun Communities 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.