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Five Star Quality Care Q3 Profits Rise

Oct 28, 2010 | Reprints | Unlock Link | Print

Newton-based REIT Five Star Quality Care Inc. reported a 6.7 percent increase in total revenue totaling $315.1 million for the quarter ended Sept. 30, compared to the $295.3 million reported for the same period last year.

Income per share from continuing operations for the third quarter was 16-cents and 15-cents per share, basic and diluted, respectively compared to 13-cents per basic and diluted share for the same period last year, according to a statement.

Total revenues for the nine months ended Sept. 30 increased 6 percent to $935.3 million from $882.5 million for the same period last year, according to a statement. Income per share was 51-cents and 50-cents, basic and diluted, respectively, compared to $1.18 and $1.06, basic and diluted, respectively, for the same period last year.

Executive Briefing