Advertisement

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

Share

Nationwide Health Properties Inc.: The Newport Beach real estate investment trust, which invests in health care facilities, said net income for the third quarter totaled $16.5 million, or 39 cents a share, which included a gain of $829,000 from the sale of a facility. For the same period last year, net income was $14.5 million, or 35 cents a share. Revenue rose 21% to $29.3 million from $24.3 million. Nine-month net income increased 16% to $46.2 million, or $1.10 a share, from $40 million, or $1 a share, for the same period last year. Revenue advanced to $82.8 million from $79.5 million.

Advertisement