HCP (HCP) Tops Q2 FFO by 3c/Share; Boosts FY15 FFO Outlook

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Go back to HCP (HCP) Tops Q2 FFO by 3c/Share; Boosts FY15 FFO Outlook

HCP Announces Second Quarter 2015 Results

August 4, 2015 8:01 AM EDT

HIGHLIGHTS

-- FFO as adjusted and FAD per share increased year-over-year by 5% to $0.79 and 10% to $0.69, respectively; FFO per share and EPS were $0.65 and $0.36, respectively

-- Completed $1.4 billion of investment transactions:

-- $847 million acquisition of private pay senior housing portfolio in a RIDEA structure with Brookdale

-- $386 million for 12 on-campus medical office buildings representing 1.9 million sq. ft.

-- $55 million additional funding under our Tandem Health Care mezzanine loan facility

-- $42 million (£27 million) acquisition of two U.K. care homes leased to Maria Mallaband

... More