Real-Estate Trust Reports 2% Drop in Earnings

Medical Properties Inc., an Encino real-estate investment trust with holdings in health care facilities, reported earnings of $423,000 for the quarter that ended Dec. 31, a 2% drop from the same quarter a year earlier.

Revenues, mainly from rental properties, were $1.34 million for the quarter, down 1% from $1.36 million a year ago.

For the year that ended Dec. 31, Medical Properties’ earnings dropped 11% from 1989 levels, to $1.69 million from $1.895 million. Revenues, primarily from rental properties, were $5.35 million for 1990, compared with $5.43 million for 1989.