Investment Trust Reports Profit
Nationwide Health Properties Inc.: The Newport Beach real estate investment trust that invests in health care facilities reported a second-quarter profit of $10.1 million, or 58 cents a share. That was up 66% from earnings of $6.1 million, or 45 cents a share, for the same period a year earlier. Revenue was up 35% to $14.7 million from $10.9 million, or $1.14 a share, up 66% from a profit of $11.9 million, or 90 cents a share, for the like period of 1992.
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