Member access

4-Traders Homepage  >  Shares  >  Nyse  >  HCP, Inc.    HCP   US40414L1098


SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

HCP, Inc. : HCP 1Q Net More Than Doubles As Revenue Surges; Lifts Fiscal Year View

05/01/2012 | 08:59am US/Eastern

HCP Inc.'s (HCP) first-quarter net income more than doubled as revenue soared and the health-care real-estate investment trust recorded better-than-expected growth in a key performance metric.

The REIT--whose investments include senior housing, medical offices and skilled-nursing properties--has had its revenue steadily grow with help from several acquisitions.

Looking ahead, HCP raised its full-year outlook for funds for operations, a key measure of performance for REITs, by a penny. It nows expects FFO of $2.71 to $2.77 for the year.

For the first quarter, the company reported a profit of $193.4 million, up sharply from a year-earlier profit of $70.1 million. On a per-share basis, which reflects the payment of preferred dividends, earnings jumped to 43 cents from 17 cents a year earlier, matching analyst expectations.

Overall revenue climbed 39% to $459 million. Analysts polled by Thomson Reuters expected $463 million.

Adjusted fund from operations rose to 67 cents from 56 cents, topping the 66 cents analysts expected.

Shares closed Monday at $41.45 and were inactive premarket. The stock is up 4.6% over the past 12 months.

-By Mia Lamar, Dow Jones Newswires; 212-416-3207;

React to this article
Latest news on HCP, INC.
01/29 HCP : Declares Increased Quarterly Cash Dividend on Common Stock for 30th Consec..
01/21 HCP : Other Events, Financial Statements and Exhibits (form 8-K)
01/15 HCP : Other Events, Financial Statements and Exhibits (form 8-K)
01/15 HCP : Announces Tax Treatment of 2014 Distributions
01/14 HCP : to Report Fourth Quarter and Year End 2014 Financial Results and Host Conf..
01/13 HCP : Prices $600 Million of 3.40% Senior Unsecured Notes Due 2025
01/12 HCP : Completes £220 Million Unsecured Term Loan Fixed at 1.79%
2014DJHCP : to Take $36 Million Write-Down, Lowers Guidance
2014 HCP : Material Impairments, Regulation FD Disclosure, Financial Statements and E..
2014 HCP, INC. : ex-dividend day
Duration : Period :
HCP, Inc. Technical Analysis Chart | HCP | US40414L1098 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes