Loading…
Saturday, August 23, 2014
Current Weather
Loading Current Weather....
HomeNewsLocal
Published: Tuesday, 2/27/2007

Profit, revenues rise for Health Care REIT

Profits and revenues rose last year for Health Care REIT Inc., but the Toledo firm had a big drop in profit in the fourth quarter.

Its financial report released after the stock market closed yesterday showed a profit of $102.8 million, or $1.31 a share, on revenues of $322.8 million, compared with a profit of $84.3 million, or $1.15 a share, on revenues of $273.5 million a year earlier.

For the fourth quarter, the firm said it earned $23 million, or 27 cents a share, on revenues of $87.8 million, compared with $31.9 million, or 47 cents a share, on revenues of $76 million for the period a year earlier.

The company said it had $418 million in net new investments in health-care related facilities nationally and is positioned well for this year.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.






Poll