HCP Inc. Earnings Cheat Sheet: FFO Jumps

S&P 500 (NYSE:SPY) component HCP Inc. (NYSE:HCP) reported its results for the first 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 First Quarter

Results: The company’s funds from operations (FFO) rose 60% from the year-earlier quarter to 64 cents. 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 appear increasingly negative about the company’s results for the next quarter. The average estimate for the second quarter has moved down from 70 cents a share to 69 cents over the last ninety days. For the fiscal year, the average estimate has moved down from $2.79 a share to $2.75 over the last ninety days.

Competitors to Watch: LTC Properties, Inc., Omega Healthcare Investors, Inc., National Health Investors Inc, Medical Properties Trust, Inc., Healthcare Realty Trust Inc., Health Care REIT, Inc., Senior Housing Properties Trust, Universal Health Realty Income Trust, Ventas, Inc., and Nationwide Health Properties Inc.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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