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California | IN BRIEF / Southland

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July 17, 2001

* Downey Financial Corp., the Newport Beach parent company of Downey Savings & Loan, reported record second quarter net income of $33.4 million, or $1.18 a share, 49% higher than the $22.5 million, or 80 cents a share, for last year's second quarter. Total revenue rose 15% to $233.5 million.

* Nationwide Health Properties Inc., a Newport Beach real estate investment trust, said second quarter net income, after preferred stock dividends were paid, was $15.8 million, or 34 cents a share, down 4% from $16.4 million, or 35 cents a share, earned for last year's second quarter. Last year's quarterly earnings included a gain of $133,000 on the sale of two assisted living facilities.

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