Real Estate Trust Raises Dividend

Health Care Property Investors Inc., a Newport Beach real estate investment trust for health care properties, posted third-quarter net income of $23.3 million, or 46 cents a share, which included a $2-million charge for the write-off of investments. Net income for the same period last year totaled $26.1 million, or 80 cents a share, which included a $10.2-million gain from the sale of property. Revenue increased 58% to $82.3 million.

The company’s directors increased the quarterly cash dividend by 1 cent a share to 75 cents. The increase is the 60th consecutive quarterly hike in dividend payments since the company’s inception in 1985.