Friday, Dec 02, 2016
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Health Care REIT profit is $19.9 million

Health Care REIT Inc. yesterday reported it higher profits and revenues for its third quarter, as well as higher funds from operations, one of its key industry measures.

The Toledo company said its profit was $19.9 million, or 37 cents a share, on revenues of $73.1 million, compared with a profit of $19 million, or 37 cents a share, on revenues of $61.8 million for the same period a year earlier. Its funds from operations were $42 million last quarter compared with $38 million a year earlier.

It also declared a dividend of 62 cents a share, payable Nov. 21 to holders of record on Oct. 31.

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