Is Healthpeak Properties Stock Underperforming the Nasdaq?

Core Insights - Healthpeak Properties, Inc. (DOC) is a Denver-based real estate investment trust (REIT) focused on healthcare real estate, with a market cap of $12.8 billion, specializing in life science, outpatient medical, and senior housing [1] - The company has experienced a 20.5% decline from its 52-week high of $23.26, while shares have increased by 8.2% over the past three months, underperforming the Nasdaq Composite's 17.2% rise [2] - Over the past 52 weeks, DOC shares have fallen 16%, compared to a 27% increase in the Nasdaq Composite, and are down 8.7% year-to-date, while the Nasdaq has risen by 18% [3] Financial Performance - In Q2, DOC reported revenue of $694.3 million, a slight year-over-year decline, which missed consensus expectations, leading to a 6.7% drop in shares following the announcement [4] - AFFO per share increased by 2.2% to $0.46, aligning with analyst forecasts, and total merger-combined same-store cash adjusted NOI rose by 3.5% compared to the previous year [4] Competitive Position - DOC's underperformance is notable when compared to Omega Healthcare Investors, Inc. (OHI), which has seen a 1.6% increase over the past 52 weeks and an 8.5% rise year-to-date [5]