Health Care Property Investors, Inc. (HCP)

[ScovilleUnits]

Q3 Adj EPS 52c vs 72c Misses 53c Est; Guidance In-Line with Consensus

Tuesday , November 03, 2009 08:58ET

QUARTER RESULTS
Health Care Property Investors, Inc. (HCP) reported Q3 results ended September 2009. Q3 Revenues were $255.33M; -4.67% vs yr-ago; MISSING revenue consensus by -6.83%. Q3 EPS was 11c. Adjusted Q3 EPS was 52c; -27.78% vs yr-ago; MISSING earnings consensus by -1.89%.

Q3 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $255.33M      $267.85M      -4.67%      $274.04M      -6.83% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                 11c           N/A         N/A           N/A         N/A 
 Adj EPS:             52c           72c     -27.78%           53c      -1.89% 
 ----------  ------------  ------------  ----------  ------------  ----------

GUIDANCE

FY-09 Earnings Outlook [$2.10 - $2.16]: HCP expects FY09 FFO per share to range between $2.10 and $2.16. The FY-09 earnings forecast is in-line with current consensus estimates.

ADDITIONAL COMMENTARY:
Board of Directors declared a quarterly cash dividend on common stock of $0.46 per share. The dividend will be paid on November 24, 2009 to stockholders of record as of the close of business on November 9, 2009.

ORIGINAL EARNINGS RELEASE ~ http://www.knobias.com/story.htm?eid=3.1.7e58a7bcd1c314e1203820e3b2cab5b8a7f8bc9896b655ea0edb413415e27fb2
Consensus estimate data provided by Reuters.
Visit Knobias.com for more indepth earnings information.