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Business & Finance
Long-term health care real estate investment trust reports 1Q income
June 6th, 2005
National Health Realty, Inc., (NHR), announced net income for the quarter ended March 31 of $2,783,000 compared to $3,104,000 last year. For the 3 months ended March 31, net income per share was 29 cents basic and 28 cents diluted compared to 32 cents, basic and diluted, for the first quarter last year. Basic and diluted funds from operations were 42 cents per share compared to 46 cents and 45 cents per share, basic and diluted, last year. Revenues for the quarter totaled $4,900,000 compared to $5,410,000 last year. The results of the prior year first quarter include interest income of approximately $502,000 on $30,384,000 of 10.25% mortgage notes...
Source: Biotech Business Week (2005-06-06)
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