Health Care Property Investors Inc. said it posted a $12.97-million net income for 1986, its first full year of operation. In its seven months of operation in 1985, the Costa Mesa real estate investment trust reported a $5-million net.
Revenues for 1986 were $28.8 million, contrasted with $10 million in 1985.
The company, which owns all or part of 93 health care facilities in 26 states, said its fourth-quarter net income increased 73% to $3.8 million from $2.2 million in the previous fourth quarter. Revenue for the period more than doubled to $9.4 million from $4.4 million.