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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Rental and related revenues $ 321,451 $ 284,072 $ 894,465 $ 843,380
Tenant recoveries 29,323 25,920 81,867 75,266
Resident fees and services 62,213 36,370 138,205 108,509
Income from direct financing leases 165,687 157,253 495,724 472,409
Interest income 17,517 42,078 51,150 68,611
Investment management fee income 447 464 1,340 1,406
Total revenues 596,638 546,157 1,662,751 1,569,581
Costs and expenses:        
Interest expense 111,275 108,088 324,755 325,650
Depreciation and amortization 122,975 104,783 343,496 317,172
Operating 99,599 75,417 254,173 221,990
General and administrative 24,954 45,326 75,410 90,043
Total costs and expenses 358,803 333,614 997,834 954,855
Other income, net 3,111 1,632 5,750 17,032
Income before income taxes and equity income from unconsolidated joint ventures 240,946 214,175 670,667 631,758
Income taxes (55) (1,034) (2,840) (3,553)
Equity income from unconsolidated joint ventures 10,168 13,892 39,388 44,278
Income from continuing operations 251,059 227,033 707,215 672,483
Discontinued operations:        
Income before gain on sales of real estate, net of income taxes   1,527 1,736 5,699
Gain on sales of real estate, net of income taxes   8,298 28,010 9,185
Total discontinued operations   9,825 29,746 14,884
Net income 251,059 236,858 736,961 687,367
Noncontrolling interests' share in earnings (3,405) (3,102) (11,311) (9,625)
Net income attributable to HCP, Inc. 247,654 233,756 725,650 677,742
Participating securities' share in earnings (446) (474) (1,999) (1,330)
Net income applicable to common shares $ 247,208 $ 233,282 $ 723,651 $ 676,412
Basic earnings per common share:        
Continuing operations (in dollars per share) $ 0.54 $ 0.49 $ 1.52 $ 1.46
Discontinued operations (in dollars per share)   $ 0.02 $ 0.06 $ 0.03
Net income applicable to common shares (in dollars per share) $ 0.54 $ 0.51 $ 1.58 $ 1.49
Diluted earnings per common share:        
Continuing operations (in dollars per share) $ 0.54 $ 0.49 $ 1.52 $ 1.46
Discontinued operations (in dollars per share)   $ 0.02 $ 0.06 $ 0.03
Net income applicable to common shares (in dollars per share) $ 0.54 $ 0.51 $ 1.58 $ 1.49
Weighted average shares used to calculate earnings per common share:        
Basic (in shares) 458,799 455,345 458,119 454,553
Diluted (in shares) 459,141 456,078 458,473 455,388
Dividends declared per common share (in dollars per share) $ 0.545 $ 0.525 $ 1.635 $ 1.575