Nationwide Health Properties Inc.

The Newport Beach real estate investment trust, which invests in health care facilities, said funds from operations for the second quarter totaled $24.9 million, or 54 cents a share, up 1% from $24.7 million, or 54 cents a share, for the same period last year. Net income rose 5% to $16.1 million, or 35 cents a share, from $15.3 million, or 33 cents a share, a year ago. Net income for the recent quarter included a gain of $133,000 from the sale of two assisted living facilities. Net income a year earlier included a loss of $335,000 on the sale of facilities. Revenue increased 5% to $42.8 million.