CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Revenues:
Rental and related revenues	$ 249,409	$ 250,809	$ 736,645	$ 758,322
Tenant recoveries	23,425	23,879	69,656	69,764
Resident fees and services	36,076	11,974	107,824	15,314
Income from direct financing leases	155,834	153,496	465,345	310,553
Interest income	10,278	577	12,313	99,199
Investment management fee income	460	494	1,423	1,605
Total revenues	475,482	441,229	1,393,206	1,254,757
Costs and expenses:
Interest expense	103,513	103,459	309,875	315,695
Depreciation and amortization	88,686	86,672	259,039	265,742
Operating	72,667	57,662	210,083	151,103
General and administrative	19,443	19,647	54,356	76,471
Impairments	7,878	15,400	7,878	15,400
Total costs and expenses	292,187	282,840	841,231	824,411
Other income (expense), net	770	(772)	2,233	17,056
Income before income taxes and equity income from unconsolidated joint ventures	184,065	157,617	554,208	447,402
Income taxes	598	(5)	1,131	(289)
Equity income from unconsolidated joint ventures	13,396	17,050	42,803	32,798
Income from continuing operations	198,059	174,662	598,142	479,911
Discontinued operations:
Income (loss) before gain on sales of real estate, net of income taxes	984	809	(416)	3,796
Gain on sales of real estate, net of income taxes			2,856
Total discontinued operations	984	809	2,440	3,796
Net income	199,043	175,471	600,582	483,707
Noncontrolling interests' share in earnings	(2,935)	(3,276)	(9,070)	(12,660)
Net income attributable to HCP, Inc.	196,108	172,195	591,512	471,047
Preferred stock dividends		(5,282)	(17,006)	(15,848)
Participating securities' share in earnings	(479)	(546)	(2,154)	(1,893)
Net income applicable to common shares	$ 195,629	$ 166,367	$ 572,352	$ 453,306
Basic earnings per common share:
Continuing operations (in dollars per share)	$ 0.45	$ 0.41	$ 1.36	$ 1.14
Discontinued operations (in dollars per share)	$ 0.01			$ 0.01
Net income applicable to common shares (in dollars per share)	$ 0.46	$ 0.41	$ 1.36	$ 1.15
Diluted earnings per common share:
Continuing operations (in dollars per share)	$ 0.45	$ 0.41	$ 1.36	$ 1.13
Discontinued operations (in dollars per share)				$ 0.01
Net income applicable to common shares (in dollars per share)	$ 0.45	$ 0.41	$ 1.36	$ 1.14
Weighted average shares used to calculate earnings per common share:
Basic (in shares)	429,557	407,081	420,049	395,258
Diluted (in shares)	430,778	408,646	421,404	397,013
Dividends declared per common share (in dollars per share)	$ 0.50	$ 0.48	$ 1.50	$ 1.44