Health Care REIT Inc., a Toledo real estate investment trust, yesterday reported bigger profit and higher revenues for the first quarter than in the same period a year ago.
The firm said it had a profit of $29.7 million, or 32 cents a share, on revenues of $112.6 million, compared with a profit of $25 million, or 34 cents a share, on revenues of $76 million a year ago. Its funds from operations, a common financial measure in the industry, increased to 76 cents a share from 71 cents a year earlier.
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