HCP Inc. (HCP) reported that its first-quarter funds from operations applicable to common shares rose to $342.86 million or $0.74 per share, from $267.93 million or $0.64 per share in the same quarter last year.
Funds From Operations or FFO as adjusted applicable to common shares increased to $342.86 million from last year's $278.33 million, with Funds From Operations as adjusted per common share improving to $0.74 from the previous year's $0.67 Analysts polled by Thomson Reuters expected the company to report earnings of $0.72 per share for the quarter. Analysts' estimates typically exclude special items.
Net income applicable to common shares for the quarter grew to $230.11 million or $0.51 per share, from $175.26 million or $0.43 per share last year. Total revenues for the quarter improved to $516.27 million from $455.83 million in the prior year quarter. Five analysts had consensus revenue estimate of $512.82 million for the quarter.
The company raised its guidance for the full-year 2013. The company expects FFO applicable to common shares to range between $2.94 and $3.00 per share; FAD applicable to common shares to range between $2.41 and $2.47 per share; and net income applicable to common shares to range between $1.97 and $2.03 per share.
Analysts polled by Thomson Reuters expected the company to report earnings of $2.97 per share for fiscal 2013.
Earlier, the company expect FFO applicable to common shares to range between $2.92 and $2.98 per share, FAD applicable to common shares to range between $2.39 and $2.45 per share, net income applicable to common shares to range between $1.95 and $2.01 per share for fiscal 2013.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.