NEWPORT BEACH, Calif., Nov. 6 /PRNewswire-FirstCall/ -- Nationwide Health Properties, Inc. (NYSE: NHP) today announced its third quarter and nine months 2007 operating results and investment activity.
"The third quarter was a good one for NHP with revenues up 28% and normalized FFO per share up 8%," commented Douglas M. Pasquale, NHP's President and Chief Executive Officer. "During the quarter we closed $150 million of accretive investments, bringing our total for 2007 to $685 million. With over $300 million of investments expected to close in the fourth quarter, 2007 should make for another $1 billion investment year. We also greatly enhanced our supplemental disclosure package that is distributed on request and is available on our website," Mr. Pasquale added.
2007 THIRD QUARTER RESULTS
The following table presents selected financial results for the third quarter of 2007 as compared to the third quarter of 2006:
SELECTED FINANCIAL RESULTS
($ in thousands, except per share amounts)
Three Months Ended September 30,
Item 2007 2006 Change
Revenues $87,030 $67,781 $19,249 28.4%
Income from Continuing
Operations $57,752 $17,487 $40,265 230.3%
Net Income $57,742 $31,719 $26,023 82.0%
Diluted Income from
Continuing Operations
Available to Common
Stockholders Per Share $0.58 $0.17 $0.41 241.2%
Diluted Income from
Continuing Operations
Excluding Gains on
Sale Per Share $0.28 $0.17
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| SOURCE Nationwide Health Properties, Inc. Copyright©2007 PR Newswire. All rights reserved |