Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Common Share

Computation of basic and diluted earnings per share (in thousands, except per share amounts)

The following table illustrates the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Numerator - Basic and Dilutive
Net income	$	154,039	$	117,954	$	578,626	$	48,199
Noncontrolling interests’ share in earnings		(2,789)		(2,592)		(9,540)		(8,566)
Net income attributable to HCP, Inc.		151,250		115,362		569,086		39,633
Participating securities’ share in earnings		(326)		(316)		(977)		(1,020)
Net income applicable to common shares	$	150,924	$	115,046	$	568,109	$	38,613
Denominator
Basic weighted average common shares		467,628		463,337		466,931		462,039
Dilutive potential common shares - equity awards		207		249		201		263
Diluted weighted average common shares		467,835		463,586		467,132		462,302
Earnings per common share
Basic	$	0.32	$	0.25	$	1.22	$	0.08
Diluted	$	0.32	$	0.25	$	1.22	$	0.08