HCP, an S&P 500 company, focuses on properties serving the healthcare industry. The healthcare industry is growing and is expected to represent 17.7% of U.S. Gross Domestic Product (GDP) in 2011(1).
Established in 1985, HCP is a publicly traded company (NYSE:HCP) with $18.7 billion (2) in assets under management as of September 30, 2011. HCP's management team, with an array of experience in real estate acquisition, portfolio management and development, actively manages our holdings. Our portfolio includes 1,013 properties located in 46 states and Mexico, as well as mezzanine loans and other debt instruments, distributed among distinct sectors of healthcare including: senior housing, post-acute/skilled nursing, life science, medical office, and hospital.
As a REIT, HCP is required to distribute a large share of its profits to its shareholders. During the fourth quarter of 2011, HCP declared a quarterly common stock cash dividend of $0.48 per share.
HCP has produced a 16.2% compounded annual total return to shareholders since its IPO on May 23, 1985 through September 30, 2011.
(1) Source: National Health Expenditures report dated January 2011 by the Centers for Medicare and Medicaid Services.
(2) Represents the historical cost of real estate owned by HCP, the carrying amount of debt investments and 100% of the cost of real estate owned by the Company’s Investment Management Platform, excluding assets held for sale and under development and land held for development, at September 30, 2011.