Real Estate Property Investments (Tables)

9 Months Ended

Sep. 30, 2013

Acquisition

Schedule of real estate acquisitions

A summary of real estate acquisitions for the nine months ended September 30, 2012 follows (in thousands):

	Consideration							Assets Acquired
Segment	Cash Paid		Debt and Other Liabilities Assumed		Noncontrolling Interest			Real Estate		Net Intangibles
Medical office	$	157,556	$	35,120	$	27,346	(1)	$	170,443	$	49,579
Life science	7,964		—		86			7,580		470
Senior housing	3,860		—		—			3,541		319
Hospital	3,000		—		—			3,000		—
	$	172,380	$	35,120	$	27,432		$	184,564	$	50,368

(1) Represents non-managing member limited liability company units.

Blackstone JV | Operating segment | Senior housing

Acquisition

Schedule of unaudited pro forma consolidated results of operations

The following unaudited pro forma consolidated results of operations assume that the Blackstone JV Acquisition was completed as of January 1, 2012 (in thousands, except per share amounts):

	Three Months Ended September 30, 2012		Nine Months Ended September 30, 2012
Revenues	$	494,516	$	1,450,349
Net income	206,448		622,797
Net income applicable to HCP, Inc.	203,513		613,727
Basic earnings per common share	0.45		1.35
Diluted earnings per common share	0.45		1.34