HCP's FFO Beats Estimates In Q4, Revenues Lag Expectations
Zacks Investment Research | Feb 12, 2018 09:45PM ET
Have you been eager to see how HCP Inc. (NYSE:HCP) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Irvine, CA-based healthcare real estate investment trust’s (REIT) earnings release this morning:
A FFO Beat
HCP came out with funds from operations (FFO) as adjusted of 48 cents per share, beating the Zacks Consensus Estimate of 47 cents.
Results reflect a 1.2% increase in three-month same property portfolio (SPP) cash net operating income (NOI).
How Was the Earnings Surprise Trend?
HCP has a decent surprise history. Before posting a FFO beat in Q4, the company delivered a positive surprise in each of the trailing four quarters, as shown in the chart below. Overall, the company surpassed the Zacks Consensus Estimate by an average of 4.06% in the trailing four quarters.
HCP, Inc. Price and EPS Surprise
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