- 2007 INVESTMENTS TOTAL $1.1 BILLION
- 2008 DIVIDEND INCREASED 7.3%
- ANNUAL REVENUES INCREASED 34.5%
- NORMALIZED ANNUAL FFO PER SHARE UP 7.8%
NEWPORT BEACH, Calif., Feb. 25 /PRNewswire-FirstCall/ -- Nationwide Health Properties, Inc. (NYSE: NHP) today announced its fourth quarter and full year 2007 operating results and investment activity.
"We ended 2007 on a strong note with fourth quarter revenues up 29.1% and normalized FFO per share up 12.5% over fourth quarter 2006 which enabled us to increase our quarterly per share dividend in January 2008 by $0.03, or $0.12 on an annual basis," commented Douglas M. Pasquale, NHP's President and Chief Executive Officer. "This has been a successful year for NHP, and the numbers clearly tell the tale. With $376 million of closed investments during the quarter bringing our total for the year to $1.1 billion, an increase in revenues for the year of 34.5%, an increase in normalized FFO per share of 7.8% and a $0.10 increase in the dividend over 2006, this was clearly a year of growth," Mr. Pasquale added.
2007 FOURTH QUARTER RESULTS
The following table presents selected financial results for the fourth quarter and full year 2007 as compared to the fourth quarter and full year 2006:
SELECTED FINANCIAL RESULTS
($ in thousands, except per share amounts)
Three Months Ended December 31,
Item 2007 2006 Change
Revenues $89,457 $69,291 $20,166 29.1%
Income from Continuing
Operations $41,935 $
|SOURCE Nationwide Health Properties, Inc.|
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