CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues:
Rental and related revenues	$ 263,820	$ 292,168	$ 550,038	$ 582,548
Tenant recoveries	35,259	33,531	68,934	64,906
Resident fees and services	125,416	164,202	265,648	329,965
Income from direct financing leases	13,564	15,647	27,276	30,557
Interest income	20,869	32,787	39,200	50,816
Total revenues	458,928	538,335	951,096	1,058,792
Costs and expenses:
Interest expense	77,788	121,333	164,506	243,395
Depreciation and amortization	130,751	139,919	267,305	279,774
Operating	153,163	179,080	312,244	355,037
General and administrative	21,286	22,779	43,764	48,230
Acquisition and pursuit costs	867	823	1,924	3,298
Impairment	56,682	0	56,682	0
Total costs and expenses	440,537	463,934	846,425	929,734
Other income:
Gain on sales of real estate, net	412	119,614	317,670	119,614
Other income, net	71	2,340	51,279	3,632
Total other income, net	483	121,954	368,949	123,246
Income before income taxes and equity income (loss) from unconsolidated joint ventures	18,874	196,355	473,620	252,304
Income tax benefit (expense)	2,987	2,179	9,149	(1,525)
Equity income (loss) from unconsolidated joint ventures	240	(1,067)	3,509	(1,975)
Income from continuing operations	22,101	197,467	486,278	248,804
Discontinued operations:
Income before income taxes	0	107,551	0	225,293
Income taxes	0	(176)	0	(49,510)
Total discontinued operations	0	107,375	0	175,783
Net income	22,101	304,842	486,278	424,587
Noncontrolling interests' share in earnings	(2,718)	(3,125)	(5,750)	(6,751)
Net income attributable to HCP, Inc.	19,383	301,717	480,528	417,836
Participating securities' share in earnings	(100)	(342)	(674)	(651)
Net income applicable to common shares	$ 19,283	$ 301,375	$ 479,854	$ 417,185
Basic earnings per common share:
Continuing operations (in dollars per share)	$ 0.04	$ 0.42	$ 1.02	$ 0.52
Discontinued operations (in dollars per share)	0.00	0.23	0.00	0.37
Net income applicable to common shares (in dollars per share)	0.04	0.65	1.02	0.89
Diluted earnings per common share:
Continuing operations (in dollars per share)	0.04	0.42	1.02	0.52
Discontinued operations (in dollars per share)	0.00	0.22	0.00	0.37
Net income applicable to common shares (in dollars per share)	$ 0.04	$ 0.64	$ 1.02	$ 0.89
Weighted average shares used to calculate earnings per common share:
Basic (in shares)	468,646	467,084	468,474	466,579
Diluted (in shares)	468,839	471,425	473,366	466,777
Dividends declared per common share (in dollars per share)	$ 0.37	$ 0.575	$ 0.74	$ 1.15