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

Nationwide Health Properties Inc.: The Newport Beach real estate investment trust that invests in health-care facilities reported an 11% gain in net income for the second quarter. Profit was $6.1 million, or 45 cents a share, up from $5.5 million, or 42 cents a share, in the same period a year earlier. Revenue rose 31% to $10.9 million from $8.3 million. For the first half, net income totaled $11.9 million, or 90 cents a share, up 78% from the $6.7 million, or 54 cents a share, for the first six months last year. The figures for the first half of 1991 included a onetime charge of $3.5 million for financing costs and fees related to the prepayment of secured debt. Revenue increased 33% to $21.8 million from $16.4 million.