We invest and manage our real estate portfolio for the long-term to maximize the benefit to our stockholders and support the growth of our dividends. The core elements of our strategy are to:

  • Acquire, develop, lease, own and manage a diversified portfolio of quality healthcare properties across multiple business segments and geographic locations (including Europe)
  • Align ourselves with leading healthcare companies, operators and service providers, which over the long term should result in higher relative rental rates, net operating cash flows and appreciation of property values
  • Allocate capital targeting a balanced portfolio between longer-term escalating triple-net leases with quality tenants, and operating businesses with shorter-term leases in medical and life science office and senior housing RIDEA
  • Maintain adequate liquidity with long-term fixed rate debt financing with staggered maturities, which supports the longer-term nature of our investments, while reducing our exposure to interest rate volatility and refinancing risk at any point in the interest rate or credit cycles
  • Continually manage our balance sheet with a targeted financial leverage to 40% relative to our assets.

Company Growth (employees)
Type
Public
HQ
Saint Paul, US
Founded
1985
Size (employees)
188 (est)
Website
hcpi.com
HCP was founded in 1985 and is headquartered in Saint Paul, US

HCP Office Locations

HCP has offices in Saint Paul, Irvine, Franklin and Foster City

HCP Data and Metrics

HCP Financial Metrics

HCP's revenue was reported to be $2.1 b in FY, 2016 which is a 16% decrease from the previous period.
USD

Revenue (FY, 2016)

2.1 b

Revenue growth (FY, 2015 - FY, 2016), %

(16%)

Net income (FY, 2016)

639.9 m

Market capitalization (20-Jul-2017)

14.9 b

Closing share price (20-Jul-2017)

32.2
HCP's current market capitalization is $14.9 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.2 b1.7 b1.9 b2.1 b2.3 b2.5 b2.1 b

Revenue growth, %

37%11%12%8%12%(16%)

General and administrative expense

103.6 m

Operating expense total

3.1 b1.9 b

EBIT

870.2 m904.3 m

EBIT margin, %

41%40%

Interest expense

285.5 m415.5 m416.2 m435.3 m439.7 m479.6 m464.4 m

Interest income

112.2 m88.8 m

Income tax expense

412 k1.3 m(1.7 m)5.8 m250 k(9 m)(48.2 m)

Net Income

985 m936.6 m(546.4 m)639.9 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

112.3 m1 b33.5 m247.7 m300.6 m183.8 m346.5 m

Accounts Receivable

65.7 m

Total Assets

20.1 b21.4 b21.4 b15.8 b

Accounts Payable

417.4 m

Total Liabilities

9.8 b

Additional Paid-in Capital

11.3 b11.4 b11.6 b8.2 b

Total Equity

10.9 b11 b9.7 b5.9 b

Financial Leverage

1.8 x1.9 x2.2 x2.7 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

985 m936.6 m(546.4 m)639.9 m

Depreciation and Amortization

510.8 m568.1 m

Accounts Receivable

6.7 m(8.8 m)(9.6 m)3.8 m

Cash From Operating Activities

1.1 b1.2 b1.2 b1.2 b

Cash From Investing Activities

(196.6 m)(1.5 b)(1.7 b)(410.6 m)

Cash From Financing Activities

(900.4 m)144.8 m614.1 m(1.1 b)
USDY, 2016

Revenue/Employee

11.4 m

Financial Leverage

2.7 x

HCP Market Value History

HCP Company Life and Culture

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