Nationwide Health Properties Inc.
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The Newport Beach real estate trust that invests primarily in health-care facilities reported net income of $13.2 million, or 29 cents a share, for the first quarter, down 15% from $15.6 million, or 34 cents a share, for the first quarter of 2000. Revenue declined 2% to $41.7 million. The company attributed its lower results in 2001 to the sale of about $35 million in assets during the last year.
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