Healthpeak Properties, Inc.

AI-generated fair value estimate for this company.

Method: 10-year dividend/AFFO discount model: $1.75 per share estimated FY2026 AFFO (midpoint of $1.73-$1.77 guidance); 4% AFFO growth years 1-5, 3% years 6-10; 8% cost of equity discount rate; 2.5% terminal growth; valued directly on a per-share AFFO basis.

Reasoning: Healthpeak is a healthcare REIT with stable but modest growth; valuing on AFFO rather than unlevered FCF better reflects distributable cash to equity holders, and the discount rate reflects its leverage and sector-typical cost of equity.