SANDUSKY - Cedar Fair LP, which owns Cedar Point and other amusement and water parks nationwide, yesterday reported a net loss of $31.5 million, or 62 cents a share, in the first quarter compared with a loss of $34 million, or 67 cents, for the same period a year ago.
The first three months of the year are a slow period for the company, as only one of its parks is operating. But revenues for the quarter also were down compared with a year ago, at $21.5 million from $23.9 million. The company expressed optimism about this year's performance given the firm's new $25 million Top Thrill Dragster roller coaster at Cedar Point.
Health Care REIT Inc. yesterday reported a first-quarter profit of $16.5 million, or 41 cents a share, compared with $12.5 million, or 37 cents a share, for the same period a year ago. Revenues for the Toledo real-estate investment trust also rose to $46.3 million for the quarter, up from $36 million a year earlier.
Its funds from operations, a common benchmark in the REIT industry, also increased, to $28 million from $R21 million a year earlier.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.