CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues:
Rental and related revenues	$ 266,109	$ 290,280	$ 816,147	$ 872,828
Tenant recoveries	36,860	34,809	105,794	99,715
Resident fees and services	126,040	170,752	391,688	500,717
Income from direct financing leases	13,240	14,234	40,516	44,791
Interest income	11,774	20,482	50,974	71,298
Total revenues	454,023	530,557	1,405,119	1,589,349
Costs and expenses:
Interest expense	71,328	117,860	235,834	361,255
Depreciation and amortization	130,588	141,407	397,893	421,181
Operating	155,338	187,714	467,582	542,751
General and administrative	23,523	34,781	67,287	83,011
Acquisition and pursuit costs	580	2,763	2,504	6,061
Impairments (recoveries), net	25,328	0	82,010	0
Total costs and expenses	406,685	484,525	1,253,110	1,414,259
Other income (expense):
Gain (loss) on sales of real estate, net	5,182	(9)	322,852	119,605
Loss on debt extinguishments	(54,227)	0	(54,227)	0
Other income (expense), net	(10,556)	1,432	40,723	5,064
Total other income (expense), net	(59,601)	1,423	309,348	124,669
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures	(12,263)	47,455	461,357	299,759
Income tax benefit (expense)	5,481	424	14,630	(1,101)
Equity income (loss) from unconsolidated joint ventures	1,062	(2,053)	4,571	(4,028)
Income (loss) from continuing operations	(5,720)	45,826	480,558	294,630
Discontinued operations:
Income (loss) before transaction costs and income taxes	0	121,229	0	360,226
Transaction costs	0	(14,805)	0	(28,509)
Income tax benefit (expense)	0	1,789	0	(47,721)
Total discontinued operations	0	108,213	0	283,996
Net income (loss)	(5,720)	154,039	480,558	578,626
Noncontrolling interests' share in earnings	(1,937)	(2,789)	(7,687)	(9,540)
Net income (loss) attributable to HCP, Inc.	(7,657)	151,250	472,871	569,086
Participating securities' share in earnings	(131)	(326)	(560)	(977)
Net income (loss) applicable to common shares	$ (7,788)	$ 150,924	$ 472,311	$ 568,109
Basic earnings per common share:
Continuing operations (in dollars per share)	$ (0.02)	$ 0.09	$ 1.01	$ 0.61
Discontinued operations (in dollars per share)	0.00	0.23	0.00	0.61
Net income (loss) applicable to common shares (in dollars per share)	(0.02)	0.32	1.01	1.22
Diluted earnings per common share:
Continuing operations (in dollars per share)	(0.02)	0.09	1.01	0.61
Discontinued operations (in dollars per share)	0.00	0.23	0.00	0.61
Net income (loss) applicable to common shares (in dollars per share)	$ (0.02)	$ 0.32	$ 1.01	$ 1.22
Weighted average shares used to calculate earnings per common share:
Basic (in shares)	468,975	467,628	468,642	466,931
Diluted (in shares)	468,975	467,835	468,828	467,132
Dividends declared per common share (in dollars per share)	$ 0.37	$ 0.575	$ 1.11	$ 1.725