Nationwide Health Properties Inc.: The Newport Beach...

Nationwide Health Properties Inc.: The Newport Beach real estate investment trust, which invests in health-care facilities, said net income for 1996 increased 9% to a record $54.9 million, or $1.36 a share, from $50.4 million, or $1.33 a share, the previous year. Revenue was up 17% to $95.8 million from $82 million. For the fourth quarter, net income totaled $14.9 million, or 36 cents a share, 16% higher than the $12.8 million, or 33 cents a share, recorded a year earlier. Revenue advanced 18% to $25.2 million from $21.4 million.