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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Rental and related revenues $ 284,823 $ 281,539
Tenant recoveries 25,434 24,202
Resident fees and services 38,053 35,746
Income from direct financing leases 164,537 156,870
Interest income 16,696 12,386
Investment management fee income 449 443
Total revenues 529,992 511,186
Costs and expenses:    
Interest expense 106,638 109,110
Depreciation and amortization 107,388 103,179
Operating 75,707 72,686
General and administrative 21,394 20,656
Total costs and expenses 311,127 305,631
Other income, net 1,930 12,112
Income before income taxes and equity income from unconsolidated joint ventures 220,795 217,667
Income taxes (1,446) (916)
Equity income from unconsolidated joint ventures 14,528 14,801
Income from continuing operations 233,877 231,552
Discontinued operations:    
Income before gain on sales of real estate, net of income taxes 1,736 2,232
Gain on sales of real estate, net of income taxes 28,010  
Total discontinued operations 29,746 2,232
Net income 263,623 233,784
Noncontrolling interests' share in earnings (4,512) (3,199)
Net income attributable to HCP, Inc. 259,111 230,585
Participating securities' share in earnings (1,064) (478)
Net income applicable to common shares $ 258,047 $ 230,107
Basic earnings per common share:    
Continuing operations (in dollars per share) $ 0.50 $ 0.50
Discontinued operations (in dollars per share) $ 0.06 $ 0.01
Net income applicable to common shares (in dollars per share) $ 0.56 $ 0.51
Diluted earnings per common share:    
Continuing operations (in dollars per share) $ 0.50 $ 0.50
Discontinued operations (in dollars per share) $ 0.06 $ 0.01
Net income applicable to common shares (in dollars per share) $ 0.56 $ 0.51
Weighted average shares used to calculate earnings per common share:    
Basic (in shares) 457,294 453,651
Diluted (in shares) 457,674 454,613
Dividends declared per common share (in dollars per share) $ 0.545 $ 0.525