Nationwide Health Properties Inc.: The Newport Beach...

Nationwide Health Properties Inc.: The Newport Beach real estate investment trust reported a 28% increase in second-quarter income, to $5.5 million from $4.3 million a year ago. Per share net income rose to 42 cents from 39 cents. Revenue was up 6%, to $8.3 million from $7.8 million. For the first half of 1991, net income totaled $6.7 million, including an extraordinary charge of $3.5 million. For the corresponding 1990 period, net income of $8.2 million was posted. Net income per share dropped to 54 cents from 76 cents. Revenue was up 6%, to $16.4 million from $15.4 million.