Nationwide Health Reports Gain

Nationwide Health Properties Inc., the Newport Beach real estate investment trust that invests in health-care facilities, posted third-quarter net income of $18.3 million, or 37 cents a share. A year ago, the company earned $16.5 million, or 39 cents a share, on fewer shares of common stock outstanding. The 1997 figure included a gain of $829,000, or 2 cents a share, from the sale of a facility. Funds from operations increased 14% to $24.6 million, or 52 cents a share, from $21.5 million, or 48 cents a share, for the third quarter of 1997. Revenue rose 25% to $36.6 million from $29.3 million.