HCP

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2016 News Releases

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11/28/16HCP Announces Tax Basis of QCP Distribution
IRVINE, Calif., Nov. 28, 2016 /PRNewswire/ -- As previously disclosed on October 31, 2016, HCP (NYSE:HCP) completed the spin-off (the "Spin-Off") of its HCR ManorCare portfolio of skilled nursing and assisted living assets, as well as certain other assets, into Quality Care Properties, Inc. ("QCP").  HCP common stockholders on October 24, 2016, the record date for the Spin-Off (the "Record Date"), received one share of QCP common stock for every five shares of HCP common stock they held  (the "D... 
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11/14/16HCP Announces Next Generation of Leadership with Promotions of Tom Herzog and Justin Hutchens
Mr. Herzog to Become CEO and Mr. Hutchens President, Effective January 1, 2017 Company Retains Korn Ferry to Conduct CFO Search IRVINE, Calif. and SAN FRANCISCO, Nov. 14, 2016 /PRNewswire/ -- HCP (NYSE:HCP) ("HCP" or the "Company") announced today that its Board of Directors intends to elect Tom Herzog, HCP's current Chief Financial Officer, as Chief Executive Officer and a member of the Board.  The Board also intends to elect Justin Hutchens, HCP's current Chief Investment Officer, as P... 
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11/01/16HCP Announces Results for Quarter Ended September 30, 2016 and Completes the QCP Spin Transaction
IRVINE, Calif., Nov. 1, 2016 /PRNewswire/ -- THIRD QUARTER 2016 AND RECENT HIGHLIGHTS --    EPS and FFO per share were $0.32 and $0.65, respectively; FFO as adjusted was $0.72 per share --    Completed spin-off of Quality Care Properties, Inc. ("QCP") (NYSE:QCP) on October 31, 2016; see separate press release dated October 31, 2016 --    Entered into definitive agreements to sell 64 communities triple-net leased to Brookdale Senior Living, Inc. ("Brookdale") for $1.125 billion and a... 
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11/01/16Third Phase of Construction at HCP's The Cove at Oyster Point in South San Francisco to Begin, Fueled by Strong Leasing Activity
IRVINE, Calif. and SAN FRANCISCO, Nov. 1, 2016 /PRNewswire/ -- HCP (NYSE:HCP) announced today that it will break ground on an additional two buildings constituting the third phase of The Cove at Oyster Point ("The Cove"), its newest life science development located in the epicenter of South San Francisco's life science cluster. "We are extremely pleased with the leasing velocity through the first two phases of The Cove, which started construction in the first quarter of 2015.  We are now 62 ... 
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11/01/16HCP to Sell a Portfolio of 64 Brookdale Communities for $1.125 Billion
Resulting in Lower Brookdale Concentration; Improving HCP's Lease Coverage and Balance Sheet IRVINE, Calif., Nov. 1, 2016 /PRNewswire/ -- HCP (NYSE:HCP) today announced that it has entered into definitive agreements to sell a portfolio of 64 properties leased to Brookdale Senior Living, Inc. ("Brookdale") for an aggregate sales price of $1.125 billion to affiliates of Blackstone Real Estate Partners VIII L.P. (collectively, "Blackstone").  HCP intends to use the proceeds primarily to pay do... 
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11/01/16HCP Declares Quarterly Cash Dividend on Common Stock
IRVINE, Calif., Nov. 1, 2016 /PRNewswire/ -- HCP (NYSE:HCP) announced that its Board of Directors declared a quarterly common stock cash dividend of $0.37 per share.  The dividend will be paid on November 25, 2016 to stockholders of record as of the close of business on November 10, 2016. About HCP HCP, Inc. is a fully integrated real estate investment trust (REIT) that invests primarily in real estate serving the healthcare industry in the United States.  HCP owns a large-scale portfolio ... 
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10/31/16HCP, Inc. Completes Spin-Off of Quality Care Properties, Inc.
Quality Care Properties to Begin "Regular Way" Trading on NYSE on November 1 IRVINE, Calif., Oct. 31, 2016 /PRNewswire/ -- HCP, Inc. (NYSE:HCP) announced today that it has completed the previously announced spin-off (the "Spin-Off") of its HCR ManorCare portfolio of skilled nursing and assisted living assets, as well as certain other assets, into Quality Care Properties, Inc. ("QCP"). QCP is now an independent, publicly-traded, self-managed and self-administered company that will elect t... 
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10/24/16HCP to Report Third Quarter 2016 Financial Results and Host Conference Call/Webcast
IRVINE, Calif., Oct. 24, 2016 /PRNewswire/ -- HCP (NYSE:HCP) is scheduled to report its third quarter 2016 financial results on Tuesday, November 1, 2016, before the open of trading on the New York Stock Exchange.  HCP will also host a conference call and webcast at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) that same day in order to review its financial performance and operating results for the quarter ended September 30, 2016. The dial-in number for the conference call is (888) 317-60... 
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10/13/16HCP Board of Directors Approves Spin-Off of Quality Care Properties, Inc.
IRVINE, Calif., Oct. 13, 2016 /PRNewswire/ -- HCP (NYSE:HCP) announced today that its Board of Directors has approved, subject to certain conditions, the previously announced spin-off (the "Spin-Off") of HCP's HCR ManorCare portfolio of skilled nursing and assisted living assets, as well as certain other assets, into Quality Care Properties, Inc. ("QCP"), which will be an independent, publicly-traded REIT.  The Spin-Off will be effected through a pro rata distribution (the "Distribution") of... 
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10/03/16HCP Announces Pricing of Debt Financing By Quality Care Properties In Connection With Planned Spin-Off
IRVINE, Calif., Oct. 3, 2016 /PRNewswire/ -- HCP (NYSE:HCP) today announced that its wholly owned subsidiary, Quality Care Properties, Inc. ("QCP"), has priced an offering of $750 million in aggregate principal amount of 8.125% Senior Secured Second Lien Notes due 2023 (the "Notes").  The Notes will be issued by wholly owned subsidiaries of QCP, and will be guaranteed by QCP and certain of its other subsidiaries.  The offering of the Notes is expected to close on or about October 17, 2016, subje... 
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08/09/16HCP Announces Results for Quarter Ended June 30, 2016
IRVINE, Calif., Aug. 9, 2016 /PRNewswire/ --  SECOND QUARTER 2016 AND RECENT HIGHLIGHTS --    EPS and FFO per share were $0.64 and $0.71, respectively; FFO as adjusted and FAD per share were $0.74 and $0.72, respectively --    Achieved year-over-year three- and six-month Cash NOI SPP growth of 4.4% and 3.8%, respectively, excluding the assets being transferred to Quality Care Properties, Inc. ("QCP") (formerly HCP SpinCo, Inc.) as part of the anticipated spin transaction --    Announce... 
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07/28/16HCP Declares Quarterly Cash Dividend on Common Stock
IRVINE, Calif., July 28, 2016 /PRNewswire/ -- HCP (NYSE:HCP) announced that its Board of Directors declared a quarterly common stock cash dividend of $0.575 per share.  The dividend will be paid on August 23, 2016 to stockholders of record as of the close of business on August 8, 2016. About HCP HCP, Inc. is a fully integrated real estate investment trust (REIT) that invests primarily in real estate serving the healthcare industry in the United States.  HCP's portfolio of assets is diversi... 
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07/11/16HCP Announces CEO Transition
Michael D. McKee Named Interim CEO; Lauralee Martin Leaves HCP and its Board IRVINE, Calif., July 11, 2016 /PRNewswire/ -- HCP (NYSE:HCP) today announced that its Executive Chairman, Michael D. McKee, has assumed the additional role of interim President and CEO, replacing Lauralee Martin, who has left the Company and its Board.  The Board of Directors will initiate the process of appointing a permanent CEO, which is expected to take between three and six months. Mr. McKee stated: "With t... 
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07/07/16HCP to Report Second Quarter 2016 Financial Results and Host Conference Call/Webcast
IRVINE, Calif., July 7, 2016 /PRNewswire/ -- HCP (NYSE:HCP) is scheduled to report its second quarter 2016 financial results on Tuesday, August 9, 2016, before the open of trading on the New York Stock Exchange.  HCP will also host a conference call and webcast at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) that same day in order to review its financial performance and operating results for the quarter ended June 30, 2016. The dial-in number for the conference call is (888) 317-6003 (U.S... 
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06/02/16HCP to Present at NAREIT's Investor Forum
IRVINE, Calif., June 2, 2016 /PRNewswire/ -- HCP (NYSE:HCP) announced that its President and Chief Executive Officer, Lauralee Martin, will present a general overview of HCP at REITWeek 2016: NAREIT's Investor Forum in New York, New York.  The presentation is scheduled for 3:00 p.m. Eastern Time on Tuesday, June 7, 2016. To listen to a live webcast of the presentation, please access https://reitstream.com/reitweek2016/hcpi.  An archive of the event will be available for 90 days. In addi... 
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05/12/16Tom Herzog to Join HCP as Executive Vice President and Chief Financial Officer
IRVINE, Calif., May 12, 2016 /PRNewswire/ -- HCP (NYSE:HCP) today announced that Tom Herzog will join the company as Executive Vice President and Chief Financial Officer (CFO), effective June 27, 2016.  Mr. Herzog previously served as CFO of HCP from 2009 to 2011.  He will replace HCP's outgoing Executive Vice President and CFO, Tim Schoen. "Our Board and management team are very pleased that Tom is rejoining our team," said Mike McKee, Executive Chairman of HCP.  "Tom is an established S&am... 
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05/09/16HCP Announces Results for Quarter Ended March 31, 2016 and Expands Executive Leadership Team
IRVINE, Calif., May 9, 2016 /PRNewswire/ --   FIRST QUARTER 2016 AND RECENT HIGHLIGHTS --    FFO as adjusted and FAD per share were $0.69 and $0.66, respectively; FFO per share and EPS were $0.68 and $0.25, respectively --    Announced a plan to spin off HCRMC real estate portfolio into an independent publicly-traded REIT (see "HCR ManorCare ("HCRMC") Update" on page 2) – Conference call at 5:30am PDT, See Company Information Section for Details   --    Completed and announced $554 m... 
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05/09/16HCP To Spin Off HCR ManorCare Portfolio Into Independent, Publicly-Traded REIT
HCP to Focus on Consistent Investment Growth and Performance While Creating a Separate Company with a Flexible Capital Structure and Singular Focus on Deriving Greatest Value from Post-Acute/SNF Assets Mark Ordan Joins HCP as Senior Advisor and Will Become CEO of SpinCo Upon Completion of Transaction Company to Host Conference Call at 5:30 a.m. Pacific (8:30 a.m. Eastern) Time to Discuss Transaction and First Quarter 2016 Earnings IRVINE, Calif., May 9, 2016 /PRNewswire/ -- HCP (NYSE:... 
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05/04/16Argentum and HCP Announce Partnership to Promote Operational Excellence
Three-year Collaboration Focuses on Fostering Excellence Throughout Senior Living ALEXANDRIA, Va. & IRVINE, Calif.--(BUSINESS WIRE)--May 4, 2016-- Argentum and HCP, Inc. (NYSE:HCP) today announced a three-year corporate partnership focused on promoting innovation and technology throughout the senior living industry. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160504006150/en/... 
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04/27/16HCP Declares Quarterly Cash Dividend on Common Stock
IRVINE, Calif., April 27, 2016 /PRNewswire/ -- HCP (NYSE:HCP) announced that its Board of Directors declared a quarterly common stock cash dividend of $0.575 per share.  The dividend will be paid on May 24, 2016 to stockholders of record as of the close of business on May 9, 2016. About HCP HCP, Inc. is a fully integrated real estate investment trust (REIT) that invests primarily in real estate serving the healthcare industry in the United States.  HCP's portfolio of assets is diversified am... 
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04/11/16HCP to Report First Quarter 2016 Financial Results and Host Conference Call/Webcast
IRVINE, Calif., April 11, 2016 /PRNewswire/ -- HCP (NYSE:HCP) is scheduled to report its first quarter 2016 financial results on Monday, May 9, 2016, before the open of trading on the New York Stock Exchange.  HCP will also host a conference call and webcast at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) that same day in order to review its financial performance and operating results for the quarter ended March 31, 2016. The dial-in number for the conference call is (888) 317-6003 (U.S.)... 
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03/28/16HCP Announces CFO Transition; Mr. Schoen Will Leave to Become President of BioMed Realty
Will Remain with HCP for Two Months to Facilitate Smooth Transition; Spencer Stuart Retained to Lead Search for New CFO IRVINE, Calif., March 28, 2016 /PRNewswire/ -- HCP, Inc. (NYSE:HCP) today announced that Timothy Schoen, Executive Vice President and Chief Financial Officer, is leaving HCP to become President of BioMed Realty, a real estate company serving the life science industry that was recently acquired by real estate funds managed by Blackstone for approximately $8 billion.  Mr. Sc... 
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03/08/16HCP to Present at Citi's 2016 Global Property CEO Conference
IRVINE, Calif., March 8, 2016 /PRNewswire/ -- HCP (NYSE: HCP) announced today that its President and Chief Executive Officer, Lauralee Martin, will participate in a roundtable discussion at Citi's 2016 Global Property CEO Conference. The presentation is scheduled for 4:55 p.m. (Eastern Time) on Tuesday, March 15, 2016.  You may access the webcast at http://www.veracast.com/webcasts/citigroup/globalproperty2016/19214328029.cfm, which link may also be found on our website at www.hcpi... 
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02/09/16HCP Announces Results for the Fourth Quarter and Year Ended December 31, 2015
IRVINE, Calif., Feb. 9, 2016 /PRNewswire/ -- FOURTH QUARTER 2015 AND RECENT HIGHLIGHTS --    FFO as adjusted and FAD per share increased year-over-year by 1% to $0.80 and 2% to $0.67, respectively; FFO per share and EPS were ($0.99) and ($1.29), respectively (see "HCR ManorCare Update" on page 3)   --    Raised $1.1 billion from capital recycling and financing activities, including $600 million of 4.0% senior unsecured notes that paid down 36% of 2016 debt maturities  --    Completed $2... 
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01/29/16HCP Breaks Ground on the Second Phase of the Cove at Oyster Point in South San Francisco, Fueled by Strong Demand and Record Low Vacancy Rates
IRVINE, Calif. and SAN FRANCISCO, Jan. 29, 2016 /PRNewswire/ -- HCP (NYSE: HCP) and CBRE Group, Inc. announced today that HCP will break ground on the second phase of The Cove at Oyster Point ("The Cove"), its newest life science development located in South San Francisco.  For more information on The Cove, visit www.CoveSSF.com. "We are extremely pleased with the progress of the first phase at the Cove, which commenced one year ago.  The reception of the project in the ma... 
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01/28/16HCP Declares Increased Quarterly Cash Dividend on Common Stock for 31st Consecutive Year
IRVINE, Calif., Jan. 28, 2016 /PRNewswire/ -- HCP (NYSE:HCP) announced that its Board of Directors declared an increased quarterly cash dividend of $0.575 per share on its common stock, compared with $0.565 per share in the previous quarter.  This is the 31st consecutive year that HCP has increased its dividend per share.  The annualized rate of distribution per share for 2016 is $2.30, compared with $2.26 for 2015.    The quarterly cash dividend will be paid on F... 
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01/15/16HCP Announces Tax Treatment of 2015 Distributions
IRVINE, Calif., Jan. 15, 2016 /PRNewswire/ -- HCP (NYSE:HCP) announced today the tax treatment of its 2015 distributions.  The following table summarizes, for income tax purposes, the nature of cash distributions paid to stockholders during the calendar year ended December 31, 2015: Common Stock (CUSIP # 40414L109) Ordinary Dividends Capital Gains Record Date Payment Date Distribution Per Share ... 
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01/13/16HCP Names New General Counsel and Announces Executive Promotions
IRVINE, Calif., Jan. 13, 2016 /PRNewswire/ --  HCP, Inc. (NYSE:HCP) today announced the promotion of Troy E. McHenry to Executive Vice President, General Counsel and Corporate Secretary. Mr. McHenry will succeed James W. Mercer, Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary, who will retire from HCP effective February 5, 2016.  Mr. Mercer will provide consulting services until December 31, 2016, to promote a smooth transition.... 
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01/12/16HCP To Report Fourth Quarter And Year End 2015 Financial Results And Host Conference Call/Webcast
IRVINE, Calif., Jan. 12, 2016 /PRNewswire/ -- HCP (NYSE:HCP) will report its fourth quarter and year end 2015 financial results on Tuesday, February 9, 2016, before the open of trading on the New York Stock Exchange.  HCP will also host a conference call and webcast at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) that same day in order to review its financial performance and operating results for the fourth quarter and year ended December 31, 2015. The dial-in number for the con... 
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All information included in these documents is current as of the provided/displayed date of publication, and HCP, Inc., assumes no obligation to update any such information.