Nationwide Health Profit Up 22%

Nationwide Health Properties Inc., a Newport Beach real estate investment trust that invests in health care facilities, posted net income of $13.9 million, or 72 cents a share, for the third quarter, up 22% from the $11.4 million, or 62 cents a share, for the like period last year. Revenue rose 22% to $21.9 million from $17.9 million. For the nine-month period, net income increased 12% to $37.5 million, or $2 a share, from $33.5 million, or $1.85 a share, for the prior nine months. Revenue increased 17% to $60.7 million from $51.8 million.