HCP, Inc. (HCP) Tops Q2 FFO by 4c
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HCP Announces Results for Quarter Ended June 30, 2016
August 9, 2016 8:03 AM EDTIRVINE, Calif., Aug. 9, 2016 /PRNewswire/ --Â
SECOND QUARTER 2016 AND RECENT HIGHLIGHTS
--Â Â Â EPS and FFO per share were $0.64 and $0.71, respectively; FFO as adjusted and FAD per share were $0.74 and $0.72, respectively --Â Â Â Achieved year-over-year three- and six-month Cash NOI SPP growth of 4.4% and 3.8%, respectively, excluding the assets being transferred to Quality Care Properties, Inc. ("QCP") (formerly HCP SpinCo, Inc.) as part of the anticipated spin transaction --Â Â Â Announced $111 million of investment activities and $282 million of dispositions --Â Â Â Executed 1.3 million sq. ft. of leasing in our life science and medical office portfolios, bringing occupancy to 98.7% (all-time high) and 91.6%,... More
