Exhibit 99.1

 

 

 

 

 

 

 

HCP ANNOUNCES RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2013

 

FOURTH QUARTER 2013 HIGHLIGHTS

 

--              FFO per share increased 7% to $0.76; FFO as adjusted per share increased 6% to $0.76; FAD per share increased 7% to $0.61; and EPS was $0.64

 

--              Achieved year-over-year three-month cash NOI SPP growth of 3.5%

 

--              Extended leases on three acute care hospitals with Tenet Healthcare Corporation

 

--              Raised $800 million of 4.25% senior unsecured notes due 2023

 

--              Awarded NAREIT’s Healthcare Leader in the Light Award for sustainability achievements for a second consecutive year and received 19 ENERGY STAR certifications

 

FULL YEAR 2013 HIGHLIGHTS

 

--              FFO per share increased 8% to $2.95; FFO as adjusted per share increased 8% to $3.01; FAD per share increased 14% to $2.52; and EPS was $2.13

 

--              Achieved year-over-year cash NOI SPP growth of 3.1%

 

--              Completed $598 million of investments

 

--              Sold real estate assets for $111 million realizing net gains of $68 million

 

--              Added to the CDP’s, Dow Jones and FTSE4Good sustainability leadership indices; and named by GRESB as the Global and North American leader for the healthcare sector

 

--              Earned 37 ENERGY STAR and 5 LEED certifications bringing our totals, through December 31, 2013, to 130 ENERGY STAR along with 10 LEED certifications

 

2014 OUTLOOK AND DIVIDEND

 

--              Full year guidance, not including the impact of potential future acquisitions, for FFO per share is $2.96 – $3.02; FAD per share is $2.47 – $2.53; and earnings per share is $2.04 – $2.10

 

--              Full year guidance for cash NOI SPP growth of 3% – 4%

 

--              Increased the quarterly cash dividend 3.8% to $0.545 per share, which represents our 29th 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 11, 2014 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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