CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Revenues:
Rental and related revenues	$ 248,627	$ 260,157	$ 492,962	$ 513,238
Tenant recoveries	23,581	22,441	46,231	45,885
Resident fees and services	35,569	835	71,748	3,340
Income from direct financing leases	154,976	143,662	309,511	157,057
Interest income	1,216	60,526	2,035	98,622
Investment management fee income	470	504	963	1,111
Total revenues	464,439	488,125	923,450	819,253
Costs and expenses:
Interest expense	103,225	105,129	207,793	213,705
Depreciation and amortization	87,924	89,814	176,165	180,996
Operating	70,087	46,615	137,436	93,460
General and administrative	14,812	34,872	34,914	56,824
Total costs and expenses	276,048	276,430	556,308	544,985
Other income, net	1,028	7,518	1,464	17,827
Income before income taxes and equity income from unconsolidated joint ventures	189,419	219,213	368,606	292,095
Income taxes	(176)	(248)	533	(285)
Equity income from unconsolidated joint ventures	15,732	14,950	29,407	15,748
Income from continuing operations	204,975	233,915	398,546	307,558
Discontinued operations:
Income before gain on sales of real estate, net of income taxes		337	137	678
Gain on sales of real estate, net of income taxes			2,856
Total discontinued operations		337	2,993	678
Net income	204,975	234,252	401,539	308,236
Noncontrolling interests' share in earnings	(2,951)	(5,493)	(6,135)	(9,384)
Net income attributable to HCP, Inc.	202,024	228,759	395,404	298,852
Preferred stock dividends		(5,283)	(17,006)	(10,566)
Participating securities' share in earnings	(557)	(483)	(1,674)	(1,347)
Net income applicable to common shares	$ 201,467	$ 222,993	$ 376,724	$ 286,939
Basic earnings per common share:
Continuing operations (in dollars per share)	$ 0.48	$ 0.55	$ 0.90	$ 0.74
Discontinued operations (in dollars per share)			$ 0.01
Net income applicable to common shares (in dollars per share)	$ 0.48	$ 0.55	$ 0.91	$ 0.74
Diluted earnings per common share:
Continuing operations (in dollars per share)	$ 0.48	$ 0.55	$ 0.90	$ 0.73
Discontinued operations (in dollars per share)	$ 0.00		$ 0.00
Net income applicable to common shares (in dollars per share)	$ 0.48	$ 0.55	$ 0.90	$ 0.73
Weighted average shares used to calculate earnings per common share:
Basic (in shares)	420,468	406,193	415,243	389,249
Diluted (in shares)	421,671	411,710	416,666	391,100
Dividends declared per common share (in dollars per share)	$ 0.50	$ 0.48	$ 1.00	$ 0.96