HCP Q4 Adj. FFO Tops View - Quick Facts

(RTTNews) - HCP Inc. (HCP) reported that its fourth-quarter Funds From Operations or FFO applicable to common shares declined to $328.2 million or $0.70 per share, from $349.3 million or $0.76 per share in the previous year.

But, adjusted FFO per share rose to $0.79 down from $0.76 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.77 per share. Analysts' estimates typically exclude special items.

Net income applicable to common shares for the latest fourth-quarter declined to $196.1 million or $0.43 per share from the previous year's $292.6 million or $0.64 per share.

Total revenues for the quarter grew to $603.53 million from $530.30 million in the previous year, while four analysts had a consensus revenue estimate of $584.82 million for the quarter.

For full year 2015, the company expects FFO per share to be in the range of $3.14 to $3.20, FFO as adjusted per share to range between $3.15 and $3.21, Funds Available for Distribution or FAD per share in the range of $2.73 to $2.79 and earnings per share of $1.98 to $2.04. Analysts expect annual earnings of $3.18 per share.

On January 29, 2015, our Board of Directors declared a quarterly cash dividend of $0.565 per common share. The dividend will be paid on February 24, 2015 to stockholders of record as of the close of business on February 9, 2015.