HCP, Inc. (HCP) Announces ~$1.13B Property Portfolio Sale to Brookdale
- Hasbro (HAS) Announces Resignation of Cynthia Williams, President of Wizards of the Coast and Hasbro Gaming
- ICZOOM Group (IZM) Discloses Request to Withdraw Registration Statement on Form F-1
- Alaska Airlines flights resume after being grounded over aircraft system issue
- Crude Inventory Rose 2.7 Million Barrels Last Week, Says EIA
- Lithium Americas Corp (LAC) Announces Proposed 55M Share Offering
- Tesla, Blackstone, Las Vegas Sands fall premarket; DR Horton rises
- After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
- After-hours movers: United Airlines, J.B. Hunt, and more
- Midday movers: Morgan Stanley, UnitedHealth rise; Tesla falls
HCP Announces Results for Quarter Ended September 30, 2016 and Completes the QCP Spin Transaction
November 1, 2016 8:03 AM EDTIRVINE, Calif., Nov. 1, 2016 /PRNewswire/ --
THIRD QUARTER 2016 AND RECENT HIGHLIGHTS
--Â Â Â EPS and FFO per share were $0.32 and $0.65, respectively; FFO as adjusted was $0.72 per share
--Â Â Â Completed spin-off of Quality Care Properties, Inc. ("QCP") (NYSE: QCP) on October 31, 2016; see separate press release dated October 31, 2016
--Â Â Â Entered into definitive agreements to sell 64 communities triple-net leased to Brookdale Senior Living, Inc. ("Brookdale") for $1.125 billion and announced other planned transactions, resulting in reduced tenant concentration and improved lease coverage; see separate press release dated November 1, 2016
--Â Â Â Anticipate using proceeds from QCP... More
Third Phase of Construction at HCP's The Cove at Oyster Point in South San Francisco to Begin, Fueled by Strong Leasing Activity
November 1, 2016 8:02 AM EDTIRVINE, Calif. and SAN FRANCISCO, Nov. 1, 2016 /PRNewswire/ -- HCP (NYSE: HCP) announced today that it will break ground on an additional two buildings constituting the third phase of The Cove at Oyster Point ("The Cove"), its newest life science development located in the epicenter of South San Francisco's life science cluster.
"We are extremely pleased with the leasing velocity through the first two phases of The Cove, which started construction in the first quarter of 2015. We are now 62 percent leased overall and excited to build upon our momentum... More
HCP to Sell a Portfolio of 64 Brookdale Communities for $1.125 Billion
November 1, 2016 8:01 AM EDTIRVINE, Calif., Nov. 1, 2016 /PRNewswire/ -- HCP (NYSE: HCP) today announced that it has entered into definitive agreements to sell a portfolio of 64 properties leased to Brookdale Senior Living, Inc. ("Brookdale") for an aggregate sales price of $1.125 billion to affiliates of Blackstone Real Estate Partners VIII L.P. (collectively, "Blackstone"). HCP intends to use the proceeds primarily to pay down debt and for general corporate purposes.  In addition, HCP and Brookdale have agreed to complete several other transactions, as outlined below. Combined, these transactions will advance our strategic priorities to reduce Brookdale concentration,... More
HCP Declares Quarterly Cash Dividend on Common Stock
November 1, 2016 8:00 AM EDTIRVINE, Calif., Nov. 1, 2016 /PRNewswire/ -- HCP (NYSE: HCP) announced that its Board of Directors declared a quarterly common stock cash dividend of $0.37 per share. Â The dividend will be paid on November 25, 2016 to stockholders of record as of the close of... More