HCP, Inc. (HCP) Tops Q3 EPS by 9c, Revenues Beat

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HCP Reports Third Quarter 2018 Results

October 31, 2018 8:00 AM EDT

IRVINE, Calif., Oct. 31, 2018 /PRNewswire/ -- HCP, Inc. (NYSE: HCP) today announced results for the third quarter ended September 30, 2018.  For the quarter, we generated net income of $0.21 per share, FFO of $0.33 per share and FFO as adjusted of $0.44 per share.

QUARTERLY AND RECENT HIGHLIGHTS

     Under contract to sell our Shoreline Technology Center campus in Mountain View, California for gross proceeds of $1.0 billion

     Signed 460,000 square feet of leases at our South San Francisco developments; both Phase I of The Shore at Sierra Point and Phase IV of The Cove are now 100% pre-leased... More