ORANGE COUNTY EARNINGS
Health Care Property Investors Inc.: The Newport Beach real estate investment trust, which invests in health care facilities, reported net income of $16.5 million, or 53 cents a share, for the second quarter, a 7% increase from the $15.4 million, or 53 cents a share, a year ago. The 1998 figure included a gain of $512,000 from the sale of real estate properties. Revenue increased 19% to $37.9 million from $31.8 million. Net income for the first half advanced 1% to $32.8 million, or $1.06 a share, from $32.5 million, or $1.13 a share, for the 1997 first half. Revenue climbed 19% to $74.3 million from $62.6 million.