April 26, 2012 at 16:05 PM EDT
HCP Declares Quarterly Cash Dividend on Common Stock

HCP (NYSE:HCP) announced that its Board of Directors declared a quarterly common stock cash dividend of $0.50 per share. The dividend will be paid on May 22, 2012 to stockholders of record as of the close of business on May 7, 2012.

About HCP

HCP, Inc. is a fully integrated real estate investment trust (REIT) that invests primarily in real estate serving the healthcare industry in the United States. The Company's portfolio of assets is diversified among five distinct sectors: senior housing, post-acute/skilled nursing, life science, medical office and hospitals. A publicly traded company since 1985, HCP: (i) was the first healthcare REIT selected to the S&P 500 index; (ii) has increased its dividend per share for 27 consecutive years; and (iii) is the only REIT included in the S&P 500 Dividend Aristocrats index. For more information regarding HCP, visit the Company's website at www.hcpi.com.

Contacts:

HCP, Inc.
Timothy M. Schoen
Executive Vice President and Chief Financial Officer
562-733-5309
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