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$HCP said its BoD unanimously approved a plan to spin off its HCRMC portfolio of skilled nursing & assisted living assets, as well as other skilled nursing facilities, into an independent publicly-traded REIT. $HCP also leased 689,000 sq. ft. in its life science and medical office portfolios, bringing occupancy to 98% and 91%, respectively.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.