-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, bvzl8Y9LWN2sUpvH8chlDTf+RBxpcUqjG1OEUODuobiqy4wyO+LtXcMU87pbqDfV ACuBTv2DudiS+oHRdzZVGg== 0000950135-94-000117.txt : 19940307 0000950135-94-000117.hdr.sgml : 19940307 ACCESSION NUMBER: 0000950135-94-000117 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19940118 ITEM INFORMATION: 5 FILED AS OF DATE: 19940304 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEDITRUST CENTRAL INDEX KEY: 0000774350 STANDARD INDUSTRIAL CLASSIFICATION: 6798 IRS NUMBER: 046532031 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 34 SEC FILE NUMBER: 001-09582 FILM NUMBER: 94514601 BUSINESS ADDRESS: STREET 1: 128 TECHNOLOGY CTR CITY: WALTHAM STATE: MA ZIP: 02154 BUSINESS PHONE: 6177361500 8-K 1 MEDITRUST FORM 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 18, 1994 MEDITRUST (Exact name of registrant as specified in charter) Massachusetts 0-14022 04-6532031 (State of (Commission (I.R.S. Employer Incorporation) File No.) Identification No.) 128 Technology Center, Waltham, Massachusetts 02154 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (617) 736-1500 2 Item 5. OTHER INFORMATION MEDITRUST PRESS RELEASE Contact: Lisa M. Pavelka Vice President and Treasurer 617-736-1500 FOR IMMEDIATE RELEASE MEDITRUST ANNOUNCES RECORD INCREASES IN CASH FLOW FROM OPERATING ACTIVITIES WALTHAM, MA ... January 18, 1994 ... Meditrust (NYSE:MT) announced today record increases in cash flow from operating activities, revenues and net income for the year ended December 31, 1993 as compared to the year ended December 31, 1992. During the three months ended December 31, 1993, cash flow from operating activities, the basis on which dividends are determined, was $22,498,000 OR $.69 per share versus $17,387,000 or $.65 per share for the comparable period in 1992. Revenues for the fourth quarter of 1993 were $38,274,000 versus $33,371,000 for the fourth quarter of 1992. For the fourth quarter ended December 31, 1993, Meditrust had net income of $16,716,000 or $.51 per share (based on 32,775,000 shares) compared to $13,039,000 or $.49 per share (based on 26,712,000 shares) for the same period a year earlier. For the year ended December 31, 1993, the Company had cash flow from operating activities of $84,831,000 or $2.71 per share versus $67,942,000 or $2.58 per share for the same period a year earlier. Revenues for the year ended December 31, 1993 were $150,826,000 versus $132,394,000 for the year ended December 31, 1992. Net income increased to $63,636,000 or $2.03 per share for the year ended December 31, 1993 versus $51,358,000 or $1.95 per share for the year ended December 31, 1992. David F. Benson, President of Meditrust stated that, "During 1993 Meditrust invested over $200 million in subacute healthcare properties. In 1994 we will continue to invest in those facilities which will be attractive to referrals from managed care companies and benefit from future health care reform." -2- 3 Meditrust, with headquarters in Waltham, Massachusetts, is the nation's largest Health Care Real Estate Investment Trust, with investments in 212 health care facilities with 30 different operators in 33 states and with total assets of over $1.3 billion. Meditrust has over $1 billion of market capitalization. The Company specializes in making real estate investments in the subacute sector of the health care industry. -3- 4 MEDITRUST FINANCIAL RESULTS
THREE MONTHS ENDED TWELVE MONTHS ENDED DECEMBER 31 DECEMBER 31 (Unaudited) (Unaudited) ----------- ----------- (In thousands except per share amounts) 1993 1992 1993 1992 ---- ---- ---- ---- REVENUES $38,274 $33,371 $150,826 $132,394 NET INCOME 16,716 13,039 63,636 51,358 EARNINGS PER SHARE .51 .49 2.03 1.95 CASH FLOW FROM OPERATING ACTIVITIES 22,498 17,387 84,831 67,942 CASH FLOW FORM OPERATING ACTIVITIES PER SHARE .69 .65 2.71 2.58 WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 32,775 26,712 31,310 26,360
-4- 5 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MEDITRUST March 3, 1994 /s/ Michael S. Benjamin ----------------------- Michael S. Benjamin Senior Vice President -5-
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