Exhibit 99.2
The expenses to be incurred by HCP, Inc. relating to the registration and offering of $400,000,000 aggregate principal amount 3.700% Senior Notes due 2014, $500,000,000 aggregate principal amount of 3.750% Senior Notes due 2016, $1,200,000,000 aggregate principal amount of 5.375% Senior Notes due 2021 and $300,000,000 aggregate principal amount of 6.750% Senior Notes due 2041 pursuant to a Registration Statement on Form S-3 (File No. 333-161721) and a related prospectus supplement filed with the Securities and Exchange Commission on January 21, 2011 are estimated to be as follows:
|
| Estimated Fees |
| |
SEC registration fee |
| $ | 280,000 |
|
Legal fees and expenses |
| 300,000 |
| |
Accounting fees and expenses |
| 200,000 |
| |
Printing fees |
| 75,000 |
| |
Rating agency fees |
| 3,395,000 |
| |
Trustee’s fees and expenses |
| 60,000 |
| |
Miscellaneous |
| — |
| |
Total expenses |
| $ | 4,310,000 |
|