HCP Results Show the Life in Life Sciences, Medical Office

LONG BEACH, CA-Healthcare and life sciences REIT HCP reported increases in FFO, earnings and same-property NOI this morning in its quarterly conference call. The REIT’s improvements in those financial performance metrics come at a time of continued investor interest in healthcare real estate, as reflected in events like the upcoming medical office buildings conference that GlobeSt.com parent company ALM will present in November in Scottsdale, AZ.

HCP reported that year-over-year diluted FFO per share increased to 63 cents for the three months ended Sept. 30, while diluted FFO as adjusted per share increased to 67 cents and diluted earnings per share increased to 41 cents. Year-over-year three- and nine-month adjusted NOI same property performance increased 4.5% and 4.6%, respectively.