Medical Properties Profits Hold Steady for Quarter

Medical Properties posted a profit of $517,000, or 22 cents a share, in the third quarter that ended Sept. 30, virtually the same as its profit in the year-earlier quarter. Income from rental properties rose 7%, to $1.4 million.

For the 9 months, Medical Properties’ profit was $1.4 million, or 59 cents a share, with rental income of $4 million. There are no comparable figures from the year-earlier 9 months because Medical Properties started operations in March, 1987.

Medical Properties is an Encino real estate investment trust that invests in health-care related buildings.