XML 35 R56.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment Disclosures (Details) (USD $) In Thousands, unless otherwise specified | 3 Months Ended
--- | ---
Mar. 31, 2014 item | Mar. 31, 2013
Segment reporting information, revenues |  |
Number of reportable segments | 5 |
Rental Revenues | $ 474,794 | $ 462,611
Resident Fees and Services | 38,053 | 35,746
Interest Income | 16,696 | 12,386
Investment Management Fee Income | 449 | 443
Total revenues | 529,992 | 511,186
NOI | 437,140 | 425,671
Adjusted NOI (Cash NOI) | 400,993 | 382,625
Senior housing |  |
Segment reporting information, revenues |  |
Rental Revenues | 150,085 | 148,896
Resident Fees and Services | 38,053 | 35,746
Interest Income | 3,284 | 2,401
Total revenues | 191,422 | 187,043
NOI | 163,590 | 161,120
Adjusted NOI (Cash NOI) | 150,375 | 142,722
Post-acute/skilled |  |
Segment reporting information, revenues |  |
Rental Revenues | 137,780 | 133,836
Interest Income | 13,412 | 9,985
Total revenues | 151,192 | 143,821
NOI | 137,248 | 133,207
Adjusted NOI (Cash NOI) | 118,099 | 113,847
Life science |  |
Segment reporting information, revenues |  |
Rental Revenues | 76,122 | 73,330
Investment Management Fee Income | 1 | 1
Total revenues | 76,123 | 73,331
NOI | 61,961 | 59,947
Adjusted NOI (Cash NOI) | 58,829 | 56,340
Medical office |  |
Segment reporting information, revenues |  |
Rental Revenues | 89,262 | 86,831
Investment Management Fee Income | 448 | 442
Total revenues | 89,710 | 87,273
NOI | 53,746 | 52,567
Adjusted NOI (Cash NOI) | 53,029 | 51,240
Hospital |  |
Segment reporting information, revenues |  |
Rental Revenues | 21,545 | 19,718
Total revenues | 21,545 | 19,718
NOI | 20,595 | 18,830
Adjusted NOI (Cash NOI) | $ 20,661 | $ 18,476

X
- Definition Adjusted NOI is calculated as NOI after eliminating the effects of straight-line rents, DFL accretion, amortization of above and below market lease intangibles, and lease termination fees. Adjusted NOI is sometimes referred to as "Cash NOI". + References No definition available. + Details
Name: | hcp_AdjustedNetOperatingIncomeFromContinuingOperations
Namespace Prefix: | hcp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition NOI is a non-GAAP supplemental financial measure used to evaluate the operating performance of real estate. The Company defines NOI as rental revenues, including tenant recoveries, resident fees and services, and income from direct financing leases, less property level operating expenses. NOI excludes interest income, investment management fee income, depreciation and amortization, interest expense, general and administrative expenses, impairments, impairment recoveries, other income, net, income taxes, equity income from and impairments of investments in unconsolidated joint ventures, and discontinued operations. The Company believes NOI provides relevant and useful information because it reflects only income and operating expense items that are incurred at the property level and presents them on an unleveraged basis. The Company uses NOI to make decisions about resource allocations and to assess and compare property level performance. The Company believes that net income is the most directly comparable GAAP measure to NOI. NOI should not be viewed as an alternative measure of operating performance to net income as defined by GAAP because it does not reflect the aforementioned excluded items. Further, the Company's definition of NOI may not be comparable to the definition used by other REITs, as those companies may use different methodologies for calculating NOI. + References No definition available. + Details
Name: | hcp_NetOperatingIncomeFromContinuingOperations
Namespace Prefix: | hcp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The total amount of rental and related revenues, tenant recoveries and income from direct financing leases recognized for the period. + References No definition available. + Details
Name: | hcp_RentalRevenues
Namespace Prefix: | hcp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of revenues recognized from services provided to residents in facilities owned or operated by the health care organization (not including patient service revenue), which may be based on contractual rates set forth in agreements with third-party payers. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(d)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 954 -SubTopic 605 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=9156363&loc=d3e8184-115640 + Details
Name: | us-gaap_HealthCareOrganizationResidentServiceRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(e)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_InterestIncomeOperating
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Revenue, comprised of base and incentive revenue derived from the management of joint ventures, managing third-party properties, or another entity's operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(d)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_ManagementFeesRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues. + References No definition available. + Details
Name: | us-gaap_NumberOfOperatingSegments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 + Details
Name: | us-gaap_Revenues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingInformationRevenueAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration