CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
Rental and related revenues	$ 297,178	$ 293,566	$ 893,448	$ 845,382
Tenant recoveries	35,195	33,084	100,862	94,356
Resident fees and services	170,752	155,290	500,717	367,141
Income from direct financing leases	130,663	155,717	390,731	478,976
Interest income	20,482	19,842	71,298	89,049
Total revenues	654,270	657,499	1,957,056	1,874,904
Costs and expenses:
Interest expense	117,860	122,157	361,255	357,569
Depreciation and amortization	142,874	134,704	425,582	369,629
Operating	188,747	173,515	545,827	441,888
General and administrative	34,787	20,534	83,079	74,152
Acquisition and pursuit costs	17,568	1,553	34,570	23,350
Impairment		69,622		592,921
Total costs and expenses	501,836	522,085	1,450,313	1,859,509
Other income (expense):
(Loss) gain on sales of real estate	(9)	52	119,605	6,377
Other income (expense), net	1,454	(572)	5,128	13,125
Total other income (expense), net	1,445	(520)	124,733	19,502
Income before income taxes and equity (loss) income from and impairment of unconsolidated joint ventures	153,879	134,894	631,476	34,897
Income tax benefit (expense)	2,213	1,980	(48,822)	6,620
Equity (loss) income in unconsolidated joint ventures	(2,053)	8,314	(4,028)	33,916
Impairments of investments in unconsolidated joint ventures		(27,234)		(27,234)
Net income	154,039	117,954	578,626	48,199
Noncontrolling interests' share in earnings	(2,789)	(2,592)	(9,540)	(8,566)
Net income attributable to HCP, Inc.	151,250	115,362	569,086	39,633
Participating securities' share in earnings	(326)	(316)	(977)	(1,020)
Net income applicable to common shares	$ 150,924	$ 115,046	$ 568,109	$ 38,613
Earnings per common share:
Basic (in dollars per share)	$ 0.32	$ 0.25	$ 1.22	$ 0.08
Diluted (in dollars per share)	$ 0.32	$ 0.25	$ 1.22	$ 0.08
Weighted average shares used to calculate earnings per common share:
Basic (in shares)	467,628	463,337	466,931	462,039
Diluted (in shares)	467,835	463,586	467,132	462,302
Dividends declared per common share (in dollars per share)	$ 0.575	$ 0.565	$ 1.725	$ 1.695