Exhibit 99.1

 

GRAPHIC

 

FOR IMMEDIATE RELEASE

 

HCP ANNOUNCES RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2012

 

FOURTH QUARTER HIGHLIGHTS

 

--              FFO and earnings per share increased to $0.71 and $0.53, respectively; FFO as adjusted per share increased 7% to $0.72; FAD per share increased 14% to $0.57

 

--              Achieved year-over-year three-month Cash NOI SPP growth of 4.3%

 

--              Closed the acquisition of a $1.7 billion senior housing portfolio of 129 communities and funded a related $52 million secured loan

 

--              Completed an additional $141 million of investment transactions, including two MOBs related to our previously announced Boyer MOB acquisition

 

--              Raised $1.8 billion of debt and equity capital consisting of:

 

-                    $800 million of 2.625% senior unsecured notes due in 2020

 

-                    $979 million in common stock

 

--              Obtained credit rating upgrades from Moody’s to ‘Baa1’ and S&P to ‘BBB+’

 

--              Received NAREIT’s 2012 Leader in the Light Award, as the healthcare sector leader in Sustainability

 

FULL YEAR HIGHLIGHTS

 

--              FFO and earnings per share increased to $2.72 and $1.90, respectively; FFO as adjusted per share increased 3% to $2.78; FAD per share increased 4% to $2.22

 

--              Achieved year-over-year Cash NOI SPP growth of 4.2%

 

--              Completed $2.4 billion of acquisitions representing four of our five property sectors

 

--              Raised $3.5 billion of debt and equity capital, to fund accretive acquisitions and retire $1 billion of higher coupon debt and preferred securities, consisting of:

 

-                    $1.76 billion in unsecured debt with an average rate of 2.9% and term exceeding 7 years

 

-                    $1.71 billion in common stock

 

--              Improved the pricing and extended the term of our $1.5 billion revolving line of credit

 

--              Awarded a total of 35 ENERGY STAR labels in our medical office, life science and senior housing segments

 

2013 OUTLOOK AND DIVIDEND

 

                 Full year guidance, not including the impact of any future acquisitions, for FFO of $2.92 – $2.98 per share and FAD of $2.39 – $2.45 per share, representing growth rates, as measured by the mid-point of our estimates, of 6% and 9%, over our 2012 FFO as adjusted and FAD amounts, respectively; earnings per share guidance of $1.95 – $2.01

 

                 Increased the quarterly cash dividend 5% to $0.525 per share, which represents our 28th consecutive year with a dividend increase

 

                 HCP continues as the only REIT included in the S&P 500 Dividend Aristocrats index

 

Page 1 of 12


The following information was filed by Hcp, Inc. (HCP) on Tuesday, February 12, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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