CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Rental and related revenues	$ 299,076	$ 276,734	$ 596,270	$ 551,816
Tenant recoveries	33,930	31,376	65,667	61,272
Resident fees and services	164,202	106,838	329,965	211,851
Income from direct financing leases	132,100	156,181	260,068	323,259
Interest income	32,787	35,945	50,816	69,207
Investment management fee income	81	458	172	918
Total revenues	662,176	607,532	1,302,958	1,218,323
Costs and expenses:
Interest expense	121,333	118,632	243,395	235,412
Depreciation and amortization	141,386	120,403	282,708	234,925
Operating	180,125	136,342	357,080	268,373
General and administrative	22,793	28,845	48,292	53,618
Acquisition and pursuit costs	14,527	18,407	17,002	21,797
Impairment		44,835		523,299
Total costs and expenses	480,164	467,464	948,477	1,337,424
Other income:
Gain (loss) on sales of real estate	119,614	61	119,614	6,325
Other income, net	2,280	11,055	3,502	12,779
Total other income, net	121,894	11,116	123,116	19,104
Income (loss) before income taxes and equity (loss) income from unconsolidated joint ventures	303,906	151,184	477,597	(99,997)
Income tax benefit (expense)	2,003	4,563	(51,035)	4,640
Equity (loss) income from unconsolidated joint ventures	(1,067)	12,001	(1,975)	25,602
Net income (loss)	304,842	167,748	424,587	(69,755)
Noncontrolling interests' share in earnings	(3,125)	(2,863)	(6,751)	(5,974)
Net income (loss) attributable to HCP, Inc.	301,717	164,885	417,836	(75,729)
Participating securities' share in earnings	(342)	(370)	(651)	(704)
Net income (loss) applicable to common shares	$ 301,375	$ 164,515	$ 417,185	$ (76,433)
Earnings per common share:
Basic (in dollars per share)	$ 0.65	$ 0.36	$ 0.89	$ (0.17)
Diluted (in dollars per share)	$ 0.64	$ 0.36	$ 0.89	$ (0.17)
Weighted average shares used to calculate earnings per common share:
Basic (in shares)	467,084	461,874	466,579	461,380
Diluted (in shares)	471,425	462,106	466,777	461,380
Dividends declared per common share (in dollars per share)	$ 0.575	$ 0.565	$ 1.15	$ 1.13