HCP to Report Second Quarter 2014 Financial Results and Host Conference Call/Webcast

HCP (NYSE:HCP) will report its second quarter 2014 financial results on Tuesday, August 5, 2014, before the open of trading on the New York Stock Exchange. HCP will also host a conference call and webcast at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) that same day in order to review its financial performance and operating results for the quarter ended June 30, 2014.

The dial-in number for the conference call is [phone] (U.S.) or [phone] (International). The conference ID number is 67869569. You may also access the conference call via webcast at www.hcpi.com under the Investor Relations tab. Through August 20, 2014, an archive of the webcast will be available on our website and a telephonic replay can be accessed by calling [phone] (U.S.) or [phone] (International) and entering conference ID number 67869569.

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. HCP's portfolio of assets is diversified among five distinct sectors: senior housing, post-acute/skilled nursing, life science, medical office and hospital. 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 29 consecutive years; (iii) is the only REIT included in the S&P 500 Dividend Aristocrats index; and (iv) is a global leader in sustainability as a member of the CDP, Dow Jones and FTSE4Good sustainability leadership indices, and the Global and North American healthcare sector leader for GRESB. For more information regarding HCP, visit the Company's website at www.hcpi.com.

HCPTimothy M. SchoenExecutive Vice President and Chief Financial Officer949-407-0400