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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Rental and related revenues $ 280,588 $ 241,993 $ 833,461 $ 714,438
Tenant recoveries 25,986 23,425 75,335 69,656
Resident fees and services 37,589 36,076 112,070 107,824
Income from direct financing leases 157,253 155,834 472,409 465,345
Interest income 42,078 10,278 68,611 12,313
Investment management fee income 464 460 1,406 1,423
Total revenues 543,958 468,066 1,563,292 1,370,999
Costs and expenses:        
Interest expense 108,088 103,355 326,094 309,399
Depreciation and amortization 104,859 87,170 317,430 254,463
Operating 76,569 72,653 224,982 210,034
General and administrative 45,423 19,415 90,080 54,299
Impairments   7,878   7,878
Total costs and expenses 334,939 290,471 958,586 836,073
Other income, net 1,584 770 16,887 2,232
Income before income taxes and equity income from unconsolidated joint ventures 210,603 178,365 621,593 537,158
Income taxes (1,033) 602 (3,563) 1,145
Equity income from unconsolidated joint ventures 13,892 13,396 44,278 42,803
Income from continuing operations 223,462 192,363 662,308 581,106
Discontinued operations:        
Income before gain on sales of real estate 5,098 6,680 15,874 16,620
Gain on sales of real estate 8,298   9,185 2,856
Total discontinued operations 13,396 6,680 25,059 19,476
Net income 236,858 199,043 687,367 600,582
Noncontrolling interests' share in earnings (3,102) (2,935) (9,625) (9,070)
Net income attributable to HCP, Inc. 233,756 196,108 677,742 591,512
Preferred stock dividends       (17,006)
Participating securities' share in earnings (474) (479) (1,330) (2,154)
Net income applicable to common shares $ 233,282 $ 195,629 $ 676,412 $ 572,352
Basic earnings per common share:        
Continuing operations (in dollars per share) $ 0.48 $ 0.44 $ 1.43 $ 1.32
Discontinued operations (in dollars per share) $ 0.03 $ 0.02 $ 0.06 $ 0.04
Net income applicable to common shares (in dollars per share) $ 0.51 $ 0.46 $ 1.49 $ 1.36
Diluted earnings per common share:        
Continuing operations (in dollars per share) $ 0.48 $ 0.44 $ 1.43 $ 1.32
Discontinued operations (in dollars per share) $ 0.03 $ 0.01 $ 0.06 $ 0.04
Net income applicable to common shares (in dollars per share) $ 0.51 $ 0.45 $ 1.49 $ 1.36
Weighted average shares used to calculate earnings per common share:        
Basic (in shares) 455,345 429,557 454,553 420,049
Diluted (in shares) 456,078 430,778 455,388 421,404
Dividends declared per common share (in dollars per share) $ 0.525 $ 0.50 $ 1.575 $ 1.50