HCP, Inc. (HCP) Tops Q4 FFO by 2c

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Go back to HCP, Inc. (HCP) Tops Q4 FFO by 2c

HCP Announces Results for the Quarter and Year Ended December 31, 2016

February 13, 2017 8:00 AM EST

IRVINE, Calif., Feb. 13, 2017 /PRNewswire/ --

FOURTH QUARTER 2016 AND RECENT HIGHLIGHTS

--    EPS, FFO and FFO as adjusted per share, were $0.12, $0.35 and $0.59, respectively

--    Achieved year-over-year three-month SPP Cash NOI and SPP NOI growth of 2.6% and 2.4%, respectively

--    Completed the spin-off of Quality Care Properties, Inc. ("QCP") (NYSE: QCP) on October 31, 2016

--    Completed $345 million of acquisitions and loan fundings and $472 million of dispositions in the fourth quarter; in January, we completed the previously announced sale and related financing of a 40% interest in our RIDEA II joint venture... More