Tuesday, May 22, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Profit, revenue rise at Health Care REIT

Toledo s Health Care REIT Inc. said yesterday it increased profits and revenues for the second quarter.

The report, released a day after the company increased its credit line significantly to $1.15 billion, said it had a profit of $25.6 million, or 32 cents a share, for the quarter, up from $22.7 million, or 37 cents a share, for the period a year ago. Revenues grew to $119 million from $78 million.

The real-estate investment trust which owns health care facilities nationwide said its acquisition plans for the year have increased to a range of $750 million to $950 million from $700 million to $800 million projected earlier, and its development plans have decreased to $250 million from a range of $300 million to $400 million forecast earlier.

Its funds from operations, considered a key financial measure by the industry, rose to 78 cents a share from 74 cents a year ago.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…