HCP, Inc. (HCP) Tops Q2 FFO by 1c

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Go back to HCP, Inc. (HCP) Tops Q2 FFO by 1c

HCP Reports Second Quarter 2018 Results

August 2, 2018 8:01 AM EDT

IRVINE, Calif., Aug. 2, 2018 /PRNewswire/ -- HCP, Inc. (NYSE: HCP) today announced results for the second quarter ended June 30, 2018.  For the quarter, we generated net income of $0.19 per share, FFO of $0.45 per share and FFO as adjusted of $0.47 per share.

QUARTERLY AND RECENT HIGHLIGHTS

     Entered into a $605 million joint venture with Morgan Stanley Real Estate Investing on a two million square foot medical office portfolio

     Commenced $267 million of life science development projects, including $160 million at Hayden Research Campus in the Boston market and $107 million at Phase IV of The Cove in South San... More