Monday, Oct 24, 2016
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Health Care REIT profit skyrockets 40% to $55M

  • Health-Care-REIT-3

  • The-renovated-facade-of-Health-Care-REIT-1

    The renovated facade of Health Care REIT, a Toledo company, on September 1, 2010. There are new windows in the facade but many of the features maintain their architectural integrity including the balustrade and the bricks.

    The Blade/Amy E. Voigt
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Health Care REIT on Tuesday reported a profit of $55.1 million for the first quarter of 2013, up 40 percent from the same period last year. On a per-share basis, it rose from 19 cents per share to 21 cents per share.

The Toledo-based real estate investment trust said it had revenues of $634 million for the first quarter, up 52 percent from last year. That was well above the estimate of analysts.

Health Care REIT stock rose 51 cents, or about 0.7 percent, to close at $75.63 Tuesday.

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