REAL ESTATE

Dole Profit Declines: Westlake Village-based Dole Food Co. said its first-quarter profit fell more than 20%, due primarily to weaker real estate operations. For the quarter ended March 25, Dole earned $23.6 million, or 40 cents a share, which includes a reduction of $2.9 million related to the floods in California last month. A year earlier, Dole earned $29.7 million, or 50 cents a share. Revenue rose 13%, to $925.3 million from $818.8 million. The food company, which also develops real estate and resort properties, said its real estate income declined nearly 37% during the latest quarter, while income from food operations rose 8%.