HCP, Inc. (HCP) Reports Q1 EPS of $0.97

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Go back to HCP, Inc. (HCP) Reports Q1 EPS of $0.97

HCP Announces Results for the Quarter Ended March 31, 2017

May 2, 2017 8:00 AM EDT

IRVINE, Calif., May 2, 2017 /PRNewswire/ --

FIRST QUARTER 2017 AND RECENT HIGHLIGHTS

--    EPS, FFO and FFO as adjusted per share, were $0.97, $0.61 and $0.51, respectively

--    Year-over-year three-month SPP Cash NOI growth of 4.0%

--    Completed the previously announced sale of 64 triple-net assets leased to Brookdale Senior Living, Inc. ("Brookdale") and the sale and related financing of a 40% interest in our RIDEA II senior housing joint venture generating combined proceeds of $1.6 billion

--    Repaid $1.1 billion of our debt during the quarter and remain on track to meet our previously disclosed balance sheet targets

--    Sold... More