Quarterly Results

Quarter

1Q 2017

First Quarter 2017 Highlights
  • EPS, FFO and FFO as adjusted per share, were $0.97, $0.61 and $0.51, respectively
  • Year-over-year three-month SPP Cash NOI growth of 4.0%
  • Completed the previously announced sale of 64 triple-net assets leased to Brookdale Senior Living, Inc. ("Brookdale") and the sale and related financing of a 40% interest in our RIDEA II senior housing joint venture generating combined proceeds of $1.6 billion
  • Repaid $1.1 billion of our debt during the quarter and remain on track to meet our previously disclosed balance sheet targets
  • Sold our debt investments in Four Seasons generating proceeds of $136 million
  • Signed a 67,000 square foot lease at Phase I of The Cove life science development in South San Francisco, CA, bringing Phases I and II to 100% leased
  • Peter Scott joined HCP as EVP and Chief Financial Officer
  • Announced Justin Hutchens to leave the company to become CEO of U.K.-based operator HC-One
  • Reaffirmed full-year 2017 FFO as adjusted and SPP Cash NOI guidance ranges
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