HCP celebrates 25 years as a public company and
rings The Closing Bell at the NYSE on May 18, 2010.

HCP, an S&P 500 company, focuses on properties serving the healthcare industry. The healthcare industry is growing and is expected to represent 17.3% of U.S. Gross Domestic Product (GDP) in 2010⁽¹⁾.

Established in 1985, HCP is a publicly traded company (NYSE:HCP) with $14.1 billion ⁽²⁾ in assets under management as of March 31, 2010. HCP's management team, with an array of experience in real estate acquisition, portfolio management and development, actively manages our holdings. Our portfolio includes 677 properties located in 42 states and Mexico, as well as mezzanine loans and other debt instruments, distributed among distinct sectors of healthcare including: senior housing, life science, medical office, hospital and skilled nursing.

As a REIT, HCP is required to distribute a large share of its profits to its shareholders. During the second quarter of 2010, HCP declared a quarterly common stock cash dividend of $0.465 per share.

HCP has produced a 16.6% compounded annual total return to shareholders since its IPO on May 23, 1985 through March 31, 2010.

⁽¹⁾ Source: National Health Expenditures report dated January 2010 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 unconsolidated joint ventures, excluding assets held for sale and under development and land held for future development, at March 31, 2010.