S&P 500 (NYSE:SPY) component HCP, Inc. (NYSE:HCP) reported its results for the second quarter. HCP, Inc. is a real estate investment trust that acquires, develops, leases, manages healthcare real estate and offers financing to healthcare providers.
HCP Earnings Cheat Sheet for the Second Quarter
Results: The company’s funds from operations (FFO) rose 41.8% from the year earlier quarter to 78 cents. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings. It come in ahead of the consensus estimate of 76 cents per share.
Competitors to Watch: LTC Properties, Inc. (NYSE:LTC), Omega Healthcare Investors, Inc. (NYSE:OHI), National Health Investors Inc (NYSE:NHI), Medical Properties Trust, Inc. (NYSE:MPW), Healthcare Realty Trust Inc. (NYSE:HR), Health Care REIT, Inc. (NYSE:HCN), Senior Housing Properties Trust (NYSE:SNH), Universal Health Realty Income Trust (NYSE:UHT), Ventas, Inc. (NYSE:VTR), and Nationwide Health Properties Inc. (NYSE:NHP).
(Source: Xignite Financials)