CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Revenues:
Rental and related revenues	$ 244,335	$ 253,081
Tenant recoveries	22,650	23,444
Resident fees and services	36,179	2,505
Income from direct financing leases	154,535	13,395
Interest income	819	38,096
Investment management fee income	493	607
Total revenues	459,011	331,128
Costs and expenses:
Interest expense	104,568	108,576
Depreciation and amortization	88,241	91,182
Operating	67,349	46,845
General and administrative	20,102	21,952
Total costs and expenses	280,260	268,555
Other income, net	436	10,309
Income before income taxes and equity income from unconsolidated joint ventures	179,187	72,882
Income taxes	709	(37)
Equity income from unconsolidated joint ventures	13,675	798
Income from continuing operations	193,571	73,643
Discontinued operations:
Income before gain on sales of real estate, net of income taxes	137	341
Gain on sales of real estate, net of income taxes	2,856
Total discontinued operations	2,993	341
Net income	196,564	73,984
Noncontrolling interests' share in earnings	(3,184)	(3,891)
Net income attributable to HCP, Inc.	193,380	70,093
Preferred stock dividends	(17,006)	(5,283)
Participating securities' share in earnings	(1,117)	(935)
Net income applicable to common shares	$ 175,257	$ 63,875
Basic earnings per common share:
Continuing operations (in dollars per share)	$ 0.42	$ 0.17
Discontinued operations (in dollars per share)	$ 0.01
Net income applicable to common shares (in dollars per share)	$ 0.43	$ 0.17
Diluted earnings per common share:
Continuing operations (in dollars per share)	$ 0.42	$ 0.17
Discontinued operations (in dollars per share)	$ 0.01
Net income applicable to common shares (in dollars per share)	$ 0.43	$ 0.17
Weighted-average shares used to calculate earnings per common share:
Basic (in shares)	410,018	372,116
Diluted (in shares)	411,661	373,960
Dividends declared per common share (in dollars per share)	$ 0.50	$ 0.48