Medical Properties’ Profit, Revenue Up in 1st Quarter

Medical Properties reported a profit of $436,000, or 18 cents a share, on revenue of $1.31 million in the quarter ended March 31.

Year-earlier results are not comparable because the Encino-base company began operating March 1, 1987. In that month, Medical Properties earned $172,000, or 7 cents a share, on revenue of $440,000.

Medical Properties, whose stock is publicly traded, is a real estate investment trust (REIT) that invests in health-care facilities. A REIT takes the rent payments, sales proceeds and other income from its portfolio of properties and distributes most of that money to its stockholders.