HCP’s 4Q 2010 FFO Almost Doubles

HCP Inc. (NYSE:HCP) released its fourth quarter financial results which showed From From Operations (FFO) rising to $205 million for the quarter versus $106 million during the same period in 2009.  The company’s net income rose to $136.2 million versus $26.4 million in the previous year.  The results reflect HCP’s 15% increase in revenues to $341 million for the quarter and a 4.7% increase in the company’s three-month adjusted Net Operating Income same property performance.   HCP expects that its adjusted FFO per share for 2011  will be between $2.58 and $2.64.

For more information on HCP’s quarter, visit the 8-K.