Health Care REITs

Meditrust

The Company

Meditrust <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: MT)") else Response.Write("(NYSE: MT)") end if %> is one of the "blue chips" in the health care REIT universe, and according to FFO multiples it has traded at the upper end of the valuation spectrum in its peer group. Headquartered in Needham Heights, Massachusetts, Meditrust is the nation's largest health care REIT. The company has investments in 431 health care facilities in 38 states with 37 different operators, and has total assets of approximately $2.4 billion. With a market capitalization of $2.3 billion, the company specializes in making real estate investments in the long-term care segment of the overall health care industry.

Latest Financials

For the three months ended March 31, 1997, revenues were $67,965,000, compared to $59,327,000 for the same period in 1996. Funds From Operations were $47,025,000, or $0.77 per share, compared to $40,470,000, or $0.73 per share (based on 55,153,000 shares) for the 1996 quarter. Net income increased to $41,053,000, or $0.67 per share, compared to $35,533,000, or $0.64 per share, for the similar period in 1996.

(Go to next snapshot.)

© Copyright 1995-2000, The Motley Fool. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool. The Motley Fool is a registered trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us
..

..

..

..

..

....

...

...

...

...