HCP Posts Q1 Negative FFO - Quick Facts

(RTTNews) - HCP Inc. (HCP) reported that its first-quarter Funds From Operations or FFO applicable to common shares was negative $117.57 million or $0.26 per share, compared to positive FFO of $346.56 million or $0.75 per share in the prior year.

FFO as adjusted per common share was $0.79 up from $0.75 in the previous year.

Net loss applicable to common shares was $240.95 million or $0.52 per share, compared to net income of $258.05 million or $0.56 per share in the prior year.

Total revenues for the quarter were $610.79 million, up from $529.99 million in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.78 per share and revenues of $585.51 million for the quarter. Analysts' estimates typically exclude special items.

For full year 2015, the company expects FFO per share to range between $2.02 and $2.08, FFO as adjusted per share of $3.09 - $3.15, FAD per share of $2.66 - $2.72, EPS of $0.84 - $0.90. Analysts expect annual earnings of $3.11 per share.