Health Care Property Investors, Inc. Reports Results for Quarter Ended March 31, 2003.
Business Wire › April 22, 2003
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Health Care Property Investors, Inc. Reports Results for Quarter Ended March 31, 2003.
Business Editors/Health/Medical Writers
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--April 22, 2003 Health Care Property Investors, Inc. (NYSE:HCP), an equity health care real estate investment trust (REIT), announced today operating results for the quarter ended March 31, 2003. Funds From Operations (FFO) for the quarter ended March 31, 2003 was $47,706,000, or $0.80 per diluted share of common stock, compared with $43,911,000, or $0.77 per diluted share of common stock, for the quarter ended March 31, 2002. Net Income applicable to common shares for the quarter ended March 31, 2003 totaled $21,439,000, or $0.36 per diluted share of common stock, on revenue of $92,056,000. This compares with Net Income applicable to common shares of $24,184,000, or $0.42 per diluted share of common stock, on revenue of $79,704,000 for the quarter ended March 31, 2002. Health Care Property Investors, Inc. has scheduled a conference call and webcast today, April 22, at 10:30 a.m. Pacific Time (1:30 p.m. Eastern Time) in order to present the Company's performance and operating results for the quarter ended March 31, 2003. The conference call is accessible by dialing (913) 981-5574. The webcast is accessible via the Company's Internet web site at www.hcpi.com. A webcast replay of the conference call will be available after 3:00 p.m. Pacific Time on April 22, 2003 through April 30, 2003 via the Company's web site. Health Care Property Investors, Inc. (NYSE:HCP) is a self- administered equity real estate investment trust (REIT) that invests directly or through joint ventures in health care facilities. As of March 31, 2003 the ...See the full content of this document
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