Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Common Share

Computation of basic and diluted earnings per share (in thousands, except per share amounts)

The following table illustrates the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Three Months Ended March 31,
	2016		2015
Numerator
Net income (loss)	$	119,745	$	(237,503)
Noncontrolling interests’ share in earnings		(3,626)		(3,111)
Net income (loss) attributable to HCP, Inc.		116,119		(240,614)
Participating securities’ share in earnings		(357)		(335)
Net income (loss) applicable to common shares	$	115,762	$	(240,949)
Denominator
Basic weighted average common shares		466,074		460,880
Dilutive potential common shares		188		—
Diluted weighted average common shares		466,262		460,880
Earnings per common share
Basic	$	0.25	$	(0.52)
Diluted	$	0.25	$	(0.52)