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

Nationwide Health Properties Inc.: The Newport Beach real estate investment trust recorded net income of $12.2 million, or 66 cents a share, for the second quarter, a gain of 9% from $11.2 million, or 62 cents a share, for the corresponding quarter last year. Revenue rose 15% to $20 million from $17.4 million. For the first six months of 1995, profit was up 7% from the like period a year ago to $23.7 million, or $1.28 a share, from $22.2 million, or $1.22 a share. Revenue increased 14% to $38.8 million from $33.9 million.