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HCP Reports First Quarter 2019 Results

May 01, 2019 - PR Newswire
Mergers and Acquisitions-Financial Results

PR Newswire

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 prim...