HCP, Inc. (HCP) Tops Q1 FFO by 1c

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Go back to HCP, Inc. (HCP) Tops Q1 FFO by 1c

HCP Reports First Quarter 2019 Results

May 1, 2019 4:15 PM EDT

IRVINE, Calif., May 1, 2019 /PRNewswire/ -- HCP, Inc. (NYSE: HCP) today announced results for the first quarter ended March 31, 2019. For the quarter, we generated net income of $0.13 per share, NAREIT FFO of $0.43 per share, FFO as adjusted of $0.44 per share and blended Total Portfolio SPP Cash NOI growth of 3.0%.

FIRST QUARTER 2019 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS

     Acquired a $445 million portfolio of nine recently-built, continuum of care, senior housing communities concentrated primarily in Florida and operated by Discovery Senior Living ("Discovery")

     Acquired a $113 million portfolio of three recently-built senior housing communities in... More