Other Real Estate Property Investments (Tables)

12 Months Ended

Dec. 31, 2012

Acquisition

Schedule of real estate acquisitions

A summary of other acquisitions for the year ended December 31, 2012 follows (in thousands):

	Consideration							Assets Acquired
Acquisitions	Cash Paid		Debt and Other Liabilities Assumed		Noncontrolling Interest			Real Estate		Net Intangibles
Senior housing	$	3,860	$	—	$	—		$	3,541	$	319
Life science		7,964		—		86			7,580		470
Medical office		171,654		60,597		42,648	(1)		207,561		67,338
Hospital		3,000		—		—			3,000		—
	$	186,478	$	60,597	$	42,734		$	221,682	$	68,127

(1)

Represents non-managing member limited liability company units.

 

        A summary of acquisitions for the year ended December 31, 2011 follows (in thousands):

	Consideration						Assets Acquired
Acquisitions	Cash Paid		Debt Assumed		Noncontrolling Interest		Real Estate		Net Intangibles
Life science	$	84,087	$	57,869	$	—	$	133,210	$	8,746
Medical office		29,743		—		1,500		26,191		5,052
	$	113,830	$	57,869	$	1,500	$	159,401	$	13,798

Blackstone JV | Senior housing

Acquisition

Schedule of pro forma results of operations

The following unaudited pro forma consolidated results of operations assume that the acquisition of 129 senior housing communities from the Blackstone JV were completed as of January 1 for each of the periods presented below (in thousands, except per share amounts):

	Year Ended December 31,
	2012		2011		2010
Revenues	$	1,987,055	$	1,815,696	$	1,343,806
Net income		870,802		584,361		374,262
Net income applicable to HCP, Inc.		856,500		568,758		360,576
Basic earnings per common share	$	1.88	$	1.30	$	1.03
Diluted earnings per common share		1.88		1.29		1.03