HCP, Inc. (HCP) Tops Q1 FFO by 2c

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Go back to HCP, Inc. (HCP) Tops Q1 FFO by 2c

HCP Announces Results for the Quarter Ended March 31, 2018

May 3, 2018 8:00 AM EDT

IRVINE, Calif., May 3, 2018 /PRNewswire/ -- HCP, Inc. (NYSE: HCP) announced results for the first quarter ended March 31, 2018.

FIRST QUARTER 2018 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS

     Net income, FFO and FFO as adjusted per common share were $0.08, $0.47 and $0.48, respectively      Announced transaction to exit U.K. holdings; initial transaction structured as joint venture with exit rights to sell remaining interest by no later than 2020      Completed sale of six assets to Brookdale Senior Living, Inc. ("Brookdale") for $275 million      As previously announced, agreed to transition 24 assets to Atria Senior Living ("Atria"); 13 assets transitioned to date      As... More