CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues:
Rental and related revenues	$ 286,218	$ 290,380
Tenant recoveries	33,675	31,375
Resident fees and services	140,232	165,763
Income from direct financing leases	13,712	14,910
Interest income	18,331	18,029
Total revenues	492,168	520,457
Costs and expenses:
Interest expense	86,718	122,062
Depreciation and amortization	136,554	139,855
Operating	159,081	175,957
General and administrative	22,478	25,451
Acquisition and pursuit costs	1,057	2,475
Total costs and expenses	405,888	465,800
Other income (expense):
Gain on sales of real estate, net	317,258
Other income, net	51,208	1,292
Total other income, net	368,466	1,292
Income before income taxes and equity (loss) income from unconsolidated joint ventures	454,746	55,949
Income tax benefit (expense)	6,162	(3,704)
Equity income (loss) from unconsolidated joint ventures	3,269	(908)
Income from continuing operations	464,177	51,337
Discontinued operations:
Income before income taxes		117,742
Income taxes expense		(49,334)
Total discontinued operations		68,408
Net income	464,177	119,745
Noncontrolling interests' share in earnings	(3,032)	(3,626)
Net income attributable to HCP, Inc.	461,145	116,119
Participating securities' share in earnings	(770)	(357)
Net income applicable to common shares	$ 460,375	$ 115,762
Basic earnings per common share:
Continuing operations (in dollars per share)	$ 0.98	$ 0.10
Discontinued operations (in dollars per share)		0.15
Net income applicable to common shares (in dollars per share)	0.98	0.25
Diluted earnings per common share:
Continuing operations (in dollars per share)	0.97	0.10
Discontinued operations (in dollars per share)		0.15
Net income applicable to common shares (in dollars per share)	$ 0.97	$ 0.25
Weighted average shares used to calculate earnings per common share:
Basic (in shares)	468,299	466,074
Diluted (in shares)	475,173	466,262
Dividends declared per common share (in dollars per share)	$ 0.37	$ 0.575