HCP (HCP) Tops Q1 FFO by 1c/Share

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Go back to HCP (HCP) Tops Q1 FFO by 1c/Share

HCP Announces Results for Quarter Ended March 31, 2015

May 5, 2015 8:02 AM EDT

FIRST QUARTER 2015 AND RECENT HIGHLIGHTS

-- FFO as adjusted and FAD per share increased year-over-year by 5% to $0.79 and 10% to $0.69, respectively; and FFO per share and EPS were ($0.26) and ($0.52), respectively

-- Achieved year-over-year three-month cash NOI SPP growth of 3.5%

-- Strengthened Master Lease on our HCR ManorCare portfolio:

-- Agreed to market 50 non-strategic assets

-- Amended and extended the Master Lease

-- Q1 2015 HCR ManorCare operating results improved; year-over-year EBITDAR increased 3.6%

-- Completed $487 million of investment transactions:

-- Commenced the first phase, $177... More