HCP, Inc. (HCP) Reports In-Line Q1 EPS

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Go back to HCP, Inc. (HCP) Reports In-Line Q1 EPS

HCP Announces Results for Quarter Ended March 31, 2016 and Expands Executive Leadership Team

May 9, 2016 6:01 AM EDT

IRVINE, Calif., May 9, 2016 /PRNewswire/ --  

FIRST QUARTER 2016 AND RECENT HIGHLIGHTS

--    FFO as adjusted and FAD per share were $0.69 and $0.66, respectively; FFO per share and EPS were $0.68 and $0.25, respectively

--    Announced a plan to spin off HCRMC real estate portfolio into an independent publicly-traded REIT (see "HCR ManorCare ("HCRMC") Update" on page 2) Conference call at 5:30am PDT, See Company Information Section for Details  

--    Completed and announced $554 million of investment transactions, including the commencement of Phase II of The Cove life science development, representing up to 230,000 sq. ft., and the acquisition of 12 private pay senior... More