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Published: Friday, 5/4/2001

Quarterly results slip at Health Care REIT

Toledo's Health Care REIT, Inc., reported first-quarter profit yesterday of $11.8 million, or 41 cents a share, on revenues of $32.6 million, down from $14.8 million profit, or 52 cents a share, on $35 million in revenue a year ago.

The real-estate investment trust also reported first-quarter funds from operations of $18.5 million, or 64 cents a share, down from $19.9 million, or 70 cents a share, last year.

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