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HCP Inc (HCP.N)

HCP.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

HCP says preliminary assessment indicates assets incurred either no or limited damage due to Hurricane Harvey
Thursday, 31 Aug 2017 10:55pm EDT 

Aug 31 (Reuters) - HCP Inc - :HCP provides update on impact of Hurricane Harvey.Preliminary assessment indicates its assets incurred either no or limited damage due to Hurricane Harvey.All medical office buildings and most senior housing communities in storm-impacted region are fully-operational.Remediation work has begun and residents are expected to return over coming days and weeks.Three operating and one triple-net senior housing communities were evacuated due to water intrusion and to ensure the safety of our residents.  Full Article

HCP reports Q2 FFO per share $0.35
Tuesday, 1 Aug 2017 08:05am EDT 

Aug 1 (Reuters) - HCP Inc :HCP announces results for the quarter ended June 30, 2017.Sees FY 2017 FFO per share $1.73 to $1.79.HCP Inc - reaffirmed full-year 2017 FFO as adjusted and SPP cash NOI guidance ranges.Q2 FFO per share $0.35.Q2 FFO per share view $0.47 -- Thomson Reuters I/B/E/S.FY2017 FFO per share view $1.94 -- Thomson Reuters I/B/E/S.HCP Inc - on July 31 entered into a definitive agreement to sell our tandem debt investment for $197 million.Qtrly FFO as adjusted $0.48 per share.  Full Article

HCP Inc reports qtrly FFO per share of $0.35
Monday, 13 Feb 2017 08:00am EST 

HCP Inc : Sees FY FFO per share in range of $1.88 to $1.94 . HCP announces results for the quarter and year ended december 31, 2016 . Full year guidance for spp cash NOI growth of 2.5% - 3.5% . Full year guidance for EPS of $1.32 - $1.38 . Qtrly EPS, FFO and FFO as adjusted per share, were $0.12, $0.35 and $0.59, respectively . Sees full year FFO as adjusted per share of $1.89 - $1.95 . Fy2017 FFO per share view $1.92 -- Thomson Reuters I/B/E/S .Fy2017 earnings per share view $0.84 -- Thomson Reuters I/B/E/S.  Full Article

HCP announces Q3 FFO per share $0.65
Tuesday, 1 Nov 2016 08:03am EDT 

Hcp Inc : Fy2016 FFO per share view $2.82 -- Thomson Reuters I/B/E/S . HCP inc - excluding qcp, full year 2016 guidance for spp cash noi growth of 2.75% - 3.75% and spp noi growth of 1.7% - 2.7% . HCP inc - 2017 outlook for spp cash noi growth of 2.5% - 3.5% and spp noi growth of 1.5% - 2.5% . HCP announces results for quarter ended september 30, 2016 and completes the qcp spin transaction . Sees fy 2017 FFO per share $1.88 to $1.94 . Sees fy 2016 FFO per share $2.35 to $2.41 . Q3 FFO per share $0.65 .Quarterly adjusted FFO per share $0.72.  Full Article

Hcp to sell a portfolio of 64 brookdale communities for $1.125 billion
Tuesday, 1 Nov 2016 08:01am EDT 

Hcp Inc - : Intends to use proceeds from deal primarily to pay down debt .Hcp to sell a portfolio of 64 brookdale communities for $1.125 billion.  Full Article

HCP board approves spin-off of Quality Care Properties Inc
Thursday, 13 Oct 2016 04:15pm EDT 

Hcp Inc : board of directors approves spin-off of Quality Care Properties, Inc. . spin-off to be effected through pro rata distribution of shares of QCP to HCP's stockholders of record as of close of business on october 24 . following spin-off, HCP will continue to be listed on new york stock exchange under symbol "HCP" . each HCP stockholder will receive one share of QCP common stock for every five shares of HCP common stock held on record date .following spin-off, QCP will list its common stock on nyse under symbol "QCP.".  Full Article

HCP Q2 FFO per share $0.71
Tuesday, 9 Aug 2016 08:00am EDT 

Hcp Inc : Q2 FFO per share $0.71 . Hcp announces results for quarter ended june 30, 2016 . Sees fy 2016 FFO per share $2.72 to $2.78 . Quarterly adjusted FFO per share $0.74 . Hcp inc sees for full year 2016 eps to range between $1.83 and $1.89 . Qtrly fad per share $0.72 . Fy2016 FFO per share view $2.78 -- Thomson Reuters I/B/E/S . For full year 2016, expect to generate approximately $1.25 billion of proceeds from dispositions and RIDEA II transaction . Hcp inc sees for full year 2016 ffo as adjusted per share to range between $2.83 and $2.89 . Sees fy 2016 fad per share to range between $2.68 and $2.74 . Expect 2016 spp cash noi to increase between 1.5% and 2.5% . Excluding qcp, expect 2016 spp cash noi to increase between 2.3% and 3.3% . Q2 FFO per share view $0.70 -- Thomson Reuters I/B/E/S . Hcp Inc qtrly total revenue $662.2 million versus $607.5 million last year .Q2 revenue view $635.1 million -- Thomson Reuters I/B/E/S.  Full Article

HCP expects REIT spin-off to be completed in second half of 2016
Friday, 17 Jun 2016 08:04am EDT 

HCP : Expects that spin-off will be completed in second half of 2016. .Announces Filing Of Form 10 Registration Statement For HCP Spinco, Inc., A Spin Off of HCR ManorCare portfolio into independent, publicly-traded REIT.  Full Article

Tom Herzog to join HCP as executive VP and CFO
Thursday, 12 May 2016 04:52pm EDT 

Hcp Inc : Says herzog will replace HCP's outgoing executive vice president and CFO, Tim Schoen .Tom Herzog to join HCP as executive vice president and chief financial officer.  Full Article

HCP posts Q1 adjusted FFO per share $0.69
Monday, 9 May 2016 06:33am EDT 

Hcp Inc : HCP announces results for quarter ended March 31, 2016 and expands executive leadership team . Q1 adjusted FFO per share $0.69 . Q1 FFO per share $0.68 . Independent chairman Michael Mckee has been elected executive chairman and will become a member of HCP's executive team . Justin Hutchens has been promoted to an expanded role as chief investment officer . Q1 FFO per share view $0.69 -- Thomson Reuters I/B/E/S . Fy2016 FFO per share view $2.76 -- Thomson Reuters I/B/E/S . Sees for 2016. FFO as adjusted per share to range between $2.77 and $2.83 . Sees for 2016, FAD per share to range between $2.65 and $2.71 . Sees for 2016, EPS to range between $1.80 and $1.86 . Says expect 2016 spp cash NOI to increase between 1.5 pct and 2.5 pct . Board has approved to spin off HCRMC portfolio of skilled nursing and assisted living assets, as well as other skilled nursing facilities . Spin-off into an independent publicly-traded REIT .Sees FY 2016 FFO per share $2.76 to $2.82.  Full Article

BRIEF-HCP provides update on impact of hurricane Irma

* HCP - ‍HCP's preliminary assessment indicates that its assets in impacted regions incurred either no or limited wind, flood or other storm-related damage​