HCP Inc. Earnings Cheat Sheet: Double-Digit Growth

S&P 500 (NYSE:SPY) component HCP Inc. (NYSE:HCP) reported its results for the third quarter. HCP is a real estate investment trust that acquires, develops, leases, manages healthcare real estate and offers financing to healthcare providers.

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HCP Earnings Cheat Sheet for the Third Quarter

Results: The company’s funds from operations (FFO) rose 16.7% from the year earlier quarter to 63 cents. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings.

Revenue: Rose 40.2% to $444.7 million.

Actual vs. Wall St. Expectations: The company reported adjusted FFO of 67 cents a share. By that measure, it come in ahead of the consensus estimate of 66 cents per share. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings.

Looking Forward: Analysts are pessimistic about the company’s results for the next quarter. The average estimate has fallen for the fourth quarter to 67 cents per share, down from 68 cents seven days ago. For the fiscal year, the average estimate has moved up from $2.50 a share to $2.53 over the last ninety days.

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).

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

(Source: Xignite Financials)