William Eichler

Is Health Care Properties a Buy?

NOTE: on 04/23/09 the HCP Board of Directors declared the
regular dividend of $0/46/sh...

So now the question becomes: who do you trust...the HCP Board
and management or, the various comments, opinions and claimed
financial holdings (long, short, none) of investors?

REITs and the Fallacy of FFO

The current and future income, plus the interest rates environment will determine the value of a property. The income from a medical office building, laboratory, or senior housing facility is the foundation for Health Care Properties as an investment. I forsee no slack in demand for their properties and therefore no decline in future income. Perhaps Mr.Woon should re-work his dissatisfaction with FFO & depreciation.