HALISTER: HCP to Spin Off HCR Manorcare Portfolio Into Independent REIT

HCP to Spin Off HCR Manorcare Portfolio Into Independent REIT

(Bloomberg) -- HCP to spin off HCR ManorCare portfolio of skilled nursing and assisted living assets, as well as other skilled nursing assets, into an independent, publicly-traded REIT ("SpinCo").
  • After spin-off, HCP’s diversified portfolio is expected to consist of more than 860 properties, generating annual portfolio income of approximately $1.4b
  • 1Q AFFO/shr 69c, est. 69
Statement Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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HCP US (HCP Inc)

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