Exhibit 99.1

Exhibit 99.1

NATIONWIDE HEALTH PROPERTIES, INC.
REPORTS 2010 THIRD QUARTER RESULTS

•

Adjusted Diluted FFO and FFO per Share Increased 17.9% and 5.4%, Respectively, Over Third Quarter 2009

•

Completed $98 Million of Investments in the Third Quarter of 2010 and $676 Million Year to Date

•

Commenced $53 Million Development Project with PMB

•

Increased Quarterly Dividend to $0.47 Per Share

•

Raising FFO Guidance on the High End of the Range by $0.03 per Share to $2.28

NEWPORT BEACH, CA, — (Marketwire — November 8, 2010) — Nationwide Health Properties, Inc. (NYSE: NHP) today announced results of operations for the third quarter ended September 30, 2010. Contemporaneously with this press release, the Company filed its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2010 with the Securities and Exchange Commission.

“Our third quarter results reflect year to date investments of $676 million, and our pipeline is robust. Compared to the third quarter of 2009, revenue is up 17.6%, adjusted diluted FFO per share is up 5.4% and adjusted diluted FAD per share is up 5.5%. As a result, and for the third consecutive quarter, NHP’s Board of Directors increased our quarterly dividend by $0.01 to $0.47 per share,” commented Douglas M. Pasquale, NHP’s Chairman and Chief Executive Officer. “Our liquidity position remains strong with $116 million in cash and the full complement of our $700 million credit facility at our disposal. Our credit statistics are outstanding, and our diluted FAD payout ratio and FAD coverage are among the strongest in the sector at 79% and 1.26x, respectively,” Mr. Pasquale added.

THIRD QUARTER 2010 RESULTS OF OPERATIONS

The following table presents selected unaudited financial information for the third quarter and nine months ended September 30, 2010 as compared to the same periods of 2009:

Selected Financial Data
($ in thousands, except per share amounts)


	Three Months Ended September 30,
	2010		2009		$ Change		% Change

Revenue	$	114,045	$	97,011	$	17,034		17.6	%
Income from Continuing Operations	$	36,309	$	30,924	$	5,385		17.4	%
Net Income Attributable to NHP Common Stockholders	$	39,854	$	29,692	$	10,162		34.2	%
Net Income Attributable to NHP Common Stockholders Per Diluted Share	$	0.31	$	0.27	$	0.04		14.8	%
Diluted FFO	$	74,219	$	63,337	$	10,882		17.2	%
Adjusted Diluted FFO	$	74,254	$	63,005	$	11,249		17.9	%
Diluted FFO Per Share	$	0.59	$	0.56	$	0.03		5.4	%
Adjusted Diluted FFO Per Share	$	0.59	$	0.56	$	0.03		5.4	%
Diluted FAD	$	72,987	$	62,802	$	10,185		16.2	%
Adjusted Diluted FAD	$	73,022	$	62,470	$	10,552		16.9	%
Diluted FAD Per Share	$	0.58	$	0.56	$	0.02		3.6	%
Adjusted Diluted FAD Per Share	$	0.58	$	0.55	$	0.03		5.5	%


	Nine Months Ended September 30,
	2010		2009		$ Change			% Change

Revenue	$	324,951	$	289,957	$	34,994			12.1	%
Income from Continuing Operations	$	100,048	$	94,355	$	5,693			6.0	%
Net Income Attributable to NHP Common Stockholders	$	108,453	$	112,145	$	(3,692	)		-3.3	%
Net Income Attributable to NHP Common Stockholders Per Diluted Share	$	0.87	$	1.05	$	(0.18	)		-17.1	%
Diluted FFO	$	206,482	$	191,833	$	14,649			7.6	%
Adjusted Diluted FFO	$	208,891	$	186,937	$	21,954			11.7	%
Diluted FFO Per Share	$	1.68	$	1.75	$	(0.07	)		-4.0	%
Adjusted Diluted FFO Per Share	$	1.70	$	1.70	$	—			0.0	%
Diluted FAD	$	203,578	$	190,770	$	12,808			6.7	%
Adjusted Diluted FAD	$	205,987	$	185,874	$	20,113			10.8	%
Diluted FAD Per Share	$	1.65	$	1.74	$	(0.09	)		-5.2	%
Adjusted Diluted FAD Per Share	$	1.67	$	1.69	$	(0.02	)		-1.2	%

NON-GAAP FINANCIAL MEASURES

Diluted Funds From Operations (“FFO”) and Diluted Funds Available for Distribution (“FAD”) are non-GAAP measures that we believe are important to understanding our operations. We believe diluted FFO is an important supplemental measure of operating performance because it excludes the effects of depreciation and amortization and gains (losses) from sales of facilities (both of which are based on historical costs and which may be of limited relevance in evaluating current performance). We believe diluted FAD is an important supplemental measure of operating performance because, like diluted FFO, it excludes the effects of depreciation and amortization and gains (losses) from sales of facilities (both of which are based on historical costs and which may be of limited relevance in evaluating current performance). It also excludes straight-lined rent and other non-cash items that have become more significant for us and our competitors over the last several years. We believe that net income is the most directly comparable GAAP measure to diluted FFO and diluted FAD. Reconciliations between net income and diluted FFO and net income and diluted FAD are included in the accompanying financial data. For guidance, we have also included in the accompanying financial data reconciliations between net income per share and diluted FFO and diluted FAD per share. We have also included adjusted diluted FFO and adjusted diluted FAD amounts which exclude acquisition costs and the recognition of a net gain on re-measurement of equity interest upon acquisition in 2010 and gains on debt extinguishments in 2010 and 2009.

THIRD QUARTER 2010 INVESTMENT ACTIVITY

Investment Activity 2010
($ in thousands)


	Q1			Q2			Q3			Q4			YTD
Investment	Total			Total			Total			To Date			Total
Assisted and Independent Living Facilities
Investment				$	6,000		$	46,000					$	52,000
Initial Yield					8.8	%		8.2	%					8.3	%
Skilled Nursing Facilities
Investment				$	130,000		$	47,000		$	39,000		$	216,000
Initial Yield					9.1	%		9.6	%		11.9	%		9.7	%
Medical Office Buildings
Investment	$	380,000		$	46,000								$	426,000
Initial Yield		8.2	%		9.3	%								8.4	%
Total
Investment	$	380,000		$	182,000		$	93,000		$	39,000		$	694,000
Initial Yield		8.2	%		9.1	%		8.9	%		11.9	%		8.7	%

Additionally in the third quarter of 2010, we invested approximately $5.0 million in revenue producing capital expenditures at a blended yield of 8.4% for a total of $15.0 million at a blended yield of 8.4% in the first nine months of the year. Year to date, we funded two unsecured loans totaling $5.5 million at a blended rate of 9.3%. We also entered into a joint venture with PMB to develop a medical office building in Mission Hills, CA, our first development pursuant to the Amended and Restated Pipeline Property Agreement. We funded $14.7 million in the third quarter for a project with a budget of $53.0 million.

THIRD QUARTER 2010 FINANCING TRANSACTIONS

At-The-Market Equity Offering Program 2010
(in thousands, except price per share)


	Q1		Q2		Q3		Q4		YTD
	Total		Total		Total		To Date		Total

Number of Shares		1,269		3,789		2,793		1,290		9,141
Average Price per Share	$	35.58	$	35.69	$	37.90	$	40.59	$	37.04
Net Proceeds	$	44,673	$	133,820	$	104,750	$	51,820	$	335,063

In the third quarter, we paid off $64.3 million of mortgage debt that matured and prepaid $12.4 million of mortgage debt. Subsequent to September 30, 2010, we paid off $70.8 million of mortgage debt that was scheduled to mature within the next 12 months.

Additionally during the third quarter, we entered into six 12-month forward-starting interest rate swap agreements for an aggregate notional amount of $250.0 million at a weighted average rate of 3.16%. We entered into these swap agreements in order to hedge the expected interest payments associated with fixed rate unsecured debt forecasted to be issued in 2011. The swap agreements each have an effective date of August 1, 2011 and a termination date of August 1, 2021. We expect to settle the swap agreements when the forecasted debt is issued. At September 30, 2010, the swap agreements had a negative fair value of $6.0 million.

2010 GUIDANCE

Guidance for Year Ended December 31, 2010


	Guidance Dates								Change from
	Initial		Q1 Results		Q2 Results		Current		Previous
Metric	Guidance		Update		Update		Update		Update
Adjusted Diluted FFO Per Share
High End	$	2.09	$	2.17	$	2.25	$	2.28	$	0.03
Low End	$	2.05	$	2.14	$	2.23	$	2.27	$	0.04
Adjusted Diluted FAD Per Share
High End	$	2.05	$	2.13	$	2.19	$	2.24	$	0.05
Low End	$	2.01	$	2.10	$	2.17	$	2.23	$	0.06

Our guidance includes shares issued through our at-the-market equity offering program, mortgage debt payoffs and closed acquisitions and dispositions through November 8, 2010; it excludes any other acquisitions, investments, impairments or capital transactions that may occur in the remainder of 2010.

CONFERENCE CALL INFORMATION

We have scheduled a conference call and webcast on Tuesday, November 9, 2010 at 8:30 a.m. Pacific Time (11:30 a.m. Eastern Time) to discuss these results. The conference call is accessible by dialing (800) 259-0251 and referencing conference ID number 37726850 or by logging on to our website at http://www.nhp-reit.com. The international dial-in number is (617) 614-3671. The earnings release and any additional financial information that may be discussed on the conference call and webcast will also be available at the same location on our website. A digitized replay of the conference call will be available from 11:30 a.m. Pacific Time (2:30 p.m. Eastern Time) that day until 11:59 p.m. Pacific Time (2:59 a.m. Eastern Time), December 9, 2010. Callers can access the replay by dialing (888) 286-8010 or (617) 801-6888 and entering conference ID number 39698484. Webcast replays will also be available on our website for at least 12 months following the conference call. Our supplemental information package for the quarter ended September 30, 2010 is available on our website, free of charge, at http://www.nhp-reit.com by selecting “Investor Relations” followed by “Financial Information” and is included in our Current Report on Form 8-K filed November 8, 2010 with the SEC also containing this release. Shareholders may receive, free of charge, a complete set of our audited financial statements upon request.

ABOUT NATIONWIDE HEALTH PROPERTIES, INC.

Nationwide Health Properties, Inc. is a real estate investment trust (REIT) that invests primarily in healthcare real estate in the United States. As of September 30, 2010, the Company’s portfolio of properties, including mortgage loans and properties owned by unconsolidated joint ventures, totaled 637 properties among the following segments: 287 senior housing facilities, 211 skilled nursing facilities, 120 medical office buildings, 11 continuing care retirement communities, 7 specialty hospitals and 1 asset in development. For more information on Nationwide Health Properties, Inc., visit our website at http://www.nhp-reit.com.

FORWARD LOOKING STATEMENTS

Certain information contained in this release includes forward-looking statements. Forward-looking statements include statements regarding our expectations, beliefs, intentions, plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements which are not statements of historical facts. These statements may be identified, without limitation, by the use of forward-looking terminology such as “may,” “will,” “anticipates,” “expects,” “believes,” “intends,” “should” or comparable terms or the negative thereof. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those described in the statements. Risks and uncertainties associated with our business include (without limitation) the following: deterioration in the operating results or financial condition, including bankruptcies, of our tenants; non-payment or late payment of rent, interest or loan principal amounts by our tenants; our reliance on one tenant for a significant percentage of our revenue; occupancy levels at certain facilities; our level of indebtedness; changes in the ratings of our debt securities; maintaining compliance with our debt covenants; access to the capital markets and the cost and availability of capital;

the effect of healthcare reform legislation or government regulations, including changes in the reimbursement levels under the Medicare and Medicaid programs; the general distress of the healthcare industry; increasing competition in our business sector; the effect of economic and market conditions and changes in interest rates; the amount and yield of any additional investments; risks associated with acquisitions, including our ability to identify and complete favorable transactions, delays or failures in obtaining third party consents or approvals, the failure to achieve perceived benefits, unexpected costs or liabilities and potential litigation; risks associated with development, including our ability to obtain financing, delays or failures in obtaining necessary permits and authorizations, the failure to achieve original project estimates and our limited history in conducting ground-up development projects; the ability of our tenants to pay contractual rent and/or interest escalations in future periods; the ability of our tenants to obtain and maintain adequate liability and other insurance; our ability to attract new tenants for certain facilities; our ability to sell certain facilities for their book value; our ability to retain key personnel; potential liability under environmental laws; the possibility that we could be required to repurchase some of our senior notes; changes in or inadvertent violations of tax laws and regulations and other factors that can affect our status as a real estate investment trust; and other factors discussed from time to time in our news releases, public statements and/or filings with the Securities and Exchange Commission, especially the “Risk Factors” sections of our Annual and Quarterly Reports on Forms 10-K and 10-Q. Forward-looking information is provided by us pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these factors. We disclaim any intent or obligation to update these forward-looking statements.

Contact:
Abdo H. Khoury
Chief Financial and Portfolio Officer
Nationwide Health Properties, Inc.
(949) 718-4400

***Financial Tables to Follow***

NATIONWIDE HEALTH PROPERTIES, INC.
CONSOLIDATED INCOME STATEMENTS
(In thousands, except per share data)
(Unaudited)


	Three Months Ended September 30,					Nine Months Ended September 30,
	2010		2009			2010		2009
Revenue:
Triple-net lease rent	$	80,123	$	72,675		$	229,369	$	218,105
Medical office building operating rent		26,868		17,588			75,677		52,111

		106,991		90,263			305,046		270,216
Interest and other income		7,054		6,748			19,905		19,741

		114,045		97,011			324,951		289,957

Expenses:
Interest expense		23,782		23,221			71,824		70,540
Depreciation and amortization		36,204		30,625			101,734		91,721
General and administrative		7,902		6,514			22,262		20,404
Acquisition costs		35		—			3,104		—
Medical office building operating expenses		11,192		7,240			30,109		21,201

		79,115		67,600			229,033		203,866

Operating income		34,930		29,411			95,918		86,091
Income from unconsolidated joint ventures		1,379		1,513			4,055		3,700
Gain on debt extinguishment		—		—			75		4,564

Income from continuing operations		36,309		30,924			100,048		94,355
Discontinued operations:
Gains on sale of facilities, net		2,686		—			6,487		21,152
Income from discontinued operations		301		301			1,023		1,177

		2,987		301			7,510		22,329

Net income		39,296		31,225			107,558		116,684
Net loss (income) attributable to noncontrolling interests		558		(82	)		895		(184	)

Net income attributable to NHP		39,854		31,143			108,453		116,500
Preferred stock dividends		—		(1,451	)		—		(4,355	)

Income available to NHP common stockholders	$	39,854	$	29,692		$	108,453	$	112,145


Basic earnings per share (EPS):
Income from continuing operations attributable to NHP common stockholders	$	0.30	$	0.27		$	0.83	$	0.86
Discontinued operations attributable to NHP common stockholders		0.02		0.01			0.06		0.21

Net income attributable to NHP common stockholders	$	0.32	$	0.28		$	0.89	$	1.07


Diluted EPS:
Income from continuing operations attributable to NHP common stockholders	$	0.29	$	0.27		$	0.81	$	0.84
Discontinued operations attributable to NHP common stockholders		0.02		—			0.06		0.21

Net income attributable to NHP common stockholders	$	0.31	$	0.27		$	0.87	$	1.05


Weighted average shares outstanding for EPS:
Basic		123,721		107,175			120,242		104,224

Diluted		126,497		109,477			122,878		106,389

NATIONWIDE HEALTH PROPERTIES, INC.
RECONCILIATIONS OF NET INCOME TO NON-GAAP FINANCIAL MEASURES
(In thousands, except per share data)
(Unaudited)

Reconciliation of Net Income to Adjusted Diluted FFO


	Three Months Ended September 30,						Nine Months Ended September 30,
	2010			2009			2010			2009

Net income	$	39,296		$	31,225		$	107,558		$	116,684
Preferred stock dividends		—			(1,451	)		—			(4,355	)
Net loss (income) attributable to noncontrolling interests		558			(82	)		895			(184	)
Real estate related depreciation and amortization		35,863			30,875			100,908			92,548
Depreciation in income from unconsolidated joint ventures		1,188			1,319			3,608			3,937
Gains on sale of facilities, net		(2,686	)		—			(6,487	)		(21,152	)

FFO available to NHP common stockholders		74,219			61,886			206,482			187,478
Series B preferred dividend add-back		—			1,451			—			4,355

Diluted FFO		74,219			63,337			206,482			191,833
Acquisition costs		35			—			3,104			—
Gain on extinguishment of debt		—			(332	)		(75	)		(4,896	)
Gain on re-measurement of equity interest upon acquisition, net		—			—			(620	)		—

Adjusted diluted FFO	$	74,254		$	63,005		$	208,891		$	186,937


Weighted average shares outstanding for diluted FFO:
Diluted weighted average shares outstanding (1)		126,586			109,568			122,980			106,433
Series B preferred stock conversion add-back if not already converted		—			3,375			102			3,367

Fully diluted weighted average shares outstanding		126,586			112,943			123,082			109,800


Diluted FFO per share	$	0.59		$	0.56		$	1.68		$	1.75

Adjusted diluted FFO per share	$	0.59		$	0.56		$	1.70		$	1.70


Dividends declared per common share	$	0.46		$	0.44		$	1.35		$	1.32


Adjusted diluted FFO payout ratio		78	%		79	%		79	%		78	%

Adjusted diluted FFO coverage		1.28			1.27			1.26			1.29


(1)		Diluted weighted average shares outstanding includes the effect of all participating and non-participating share-based payment awards which for us consists of stock options and other share-based payment awards if the effect is dilutive. The dilutive effect of all share-based payment awards is calculated using the treasury stock method. Additionally, our redeemable OP units are included as if converted to common stock on a one-for-one basis.

NATIONWIDE HEALTH PROPERTIES, INC.
RECONCILIATIONS OF NET INCOME TO NON-GAAP FINANCIAL MEASURES
(In thousands, except per share data)
(Unaudited)

Reconciliation of Net Income to Adjusted Diluted FAD



	Three Months Ended September 30,						Nine Months Ended September 30,
	2010			2009			2010			2009

Net income	$	39,296		$	31,225		$	107,558		$	116,684
Preferred stock dividends		—			(1,451	)		—			(4,355	)
Net loss (income) attributable to noncontrolling interests		558			(82	)		895			(184	)
Real estate related depreciation and amortization		35,863			30,875			100,908			92,548
Gains on sale of facilities, net		(2,686	)		—			(6,487	)		(21,152	)
Straight-lined rent		(2,867	)		(1,578	)		(8,066	)		(4,766	)
Amortization of intangible assets and liabilities		116			(139	)		207			(408	)
Non-cash stock-based compensation expense		1,749			1,816			5,174			5,226
Deferred financing cost amortization		1,090			766			2,764			2,336
Lease commissions and tenant and capital improvements		(1,354	)		(1,407	)		(3,057	)		(3,476	)
Unconsolidated joint ventures:
Real estate related depreciation and amortization		1,188			1,319			3,608			3,937
Straight-lined rent		9			(19	)		6			(43	)
Amortization of intangible assets and liabilities		—			5			—			5
Deferred finance cost amortization		25			21			68			63

FAD available to NHP common stockholders		72,987			61,351			203,578			186,415
Series B preferred dividends		—			1,451			—			4,355

Diluted FAD		72,987			62,802			203,578			190,770
Acquisition costs		35			—			3,104			—
Gain on extinguishment of debt		—			(332	)		(75	)		(4,896	)
Gain on re-measurement of equity interest upon acquisition, net		—			—			(620	)		—

Adjusted diluted FAD	$	73,022		$	62,470		$	205,987		$	185,874


Weighted average shares outstanding for diluted FAD:
Diluted weighted average shares outstanding (1)		126,586			109,568			122,980			106,433
Series B preferred stock add-back if not already converted		—			3,375			102			3,367

Fully diluted weighted average shares outstanding		126,586			112,943			123,082			109,800


Diluted FAD per share	$	0.58		$	0.56		$	1.65		$	1.74

Adjusted diluted FAD per share	$	0.58		$	0.55		$	1.67		$	1.69


Dividends declared per common share	$	0.46		$	0.44		$	1.35		$	1.32


Adjusted diluted FAD payout ratio		79	%		80	%		81	%		78	%

Adjusted diluted FAD coverage		1.26			1.25			1.24			1.28


(1)		Diluted weighted average shares outstanding includes the effect of all participating and non-participating share-based payment awards which for us consists of stock options and other share-based payment awards if the effect is dilutive. The dilutive effect of all share-based payment awards is calculated using the treasury stock method. Additionally, our redeemable OP units are included as if converted to common stock on a one-for-one basis.

NATIONWIDE HEALTH PROPERTIES, INC.
RECONCILIATION OF NET INCOME TO NON-GAAP FINANCIAL MEASURES
(In thousands, except per share data)

2010 Guidance Reconciliation of Net Income to Adjusted Diluted FFO and FAD Per Share


	Year Ended December 31, 2010
	Guidance
	Low			High

Net income	$	150,271		$	151,521
Preferred stock dividends		—			—
Real estate related depreciation and amortization		132,194			132,194
Depreciation in income from unconsolidated joint ventures		4,781			4,781
Net loss attributable to noncontrolling interests		1,047			1,047
Gains on sales of facilities, net		(7,999	)		(7,999	)

FFO available to common stockholders		280,294			281,544
Series B preferred dividends		—			—

Diluted FFO		280,294			281,544
Acquisition costs		3,105			3,105
Gain on extinguishment of debt		(75	)		(75	)
Gain on re-measurement of equity interest upon acquisition, net		(620	)		(620	)

Adjusted Diluted FFO		282,704			283,954
Straight-lined rent		(10,784	)		(10,784	)
Amortization of intangible assets and liabilities		131			131
Non-cash stock-based compensation expense		6,888			6,888
Deferred financing cost amortization		3,532			3,532
Lease commissions and tenant and capital improvements		(4,968	)		(4,968	)
Unconsolidated Joint Ventures:
Straight-lined rent		8			8
Deferred financing cost amortization		89			89

Adjusted Diluted FAD	$	277,600		$	278,850


Diluted FFO per share	$	2.25		$	2.26

Adjusted Diluted FFO per share	$	2.27		$	2.28

Adjusted Diluted FAD per share	$	2.23		$	2.24


Weighted average shares outstanding:
Diluted weighted average shares outstanding		122,268			122,268
NHP/PMB OP units		2,134			2,134

Total		124,402			124,402

NATIONWIDE HEALTH PROPERTIES, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands)


	September 30,			December 31,
	2010			2009
	(unaudited)
Assets
Investments in real estate:
Land	$	332,379		$	318,457
Buildings and improvements		3,553,712			3,088,183
Development in progress		16,195			—

		3,902,286			3,406,640
Less accumulated depreciation		(655,619	)		(585,294	)

		3,246,667			2,821,346
Mortgage loans receivable, net		238,926			110,613
Mortgage loan receivable from related party		—			47,500
Investments in unconsolidated joint ventures		42,824			51,924

Net real estate related investments		3,528,417			3,031,383
Cash and cash equivalents		116,173			382,278
Receivables, net		6,497			6,605
Intangible assets		146,572			93,657
Other assets		149,034			133,152

Total assets	$	3,946,693		$	3,647,075


Liabilities and Equity
Unsecured senior credit facility	$	—		$	—
Senior notes		991,633			991,633
Notes and bonds payable		454,779			431,456
Accounts payable and accrued liabilities		140,314			132,915

Total liabilities		1,586,726			1,556,004

Redeemable OP unitholder interests		84,688			57,335

Equity:
NHP stockholders’ equity:
Series B convertible preferred stock		—			51,364
Common stock		12,495			11,432
Capital in excess of par value		2,458,235			2,128,843
Cumulative net income		1,813,732			1,705,279
Accumulated other comprehensive loss		(9,211	)		(823	)
Cumulative dividends		(2,027,078	)		(1,862,996	)

Total NHP stockholders’ equity		2,248,173			2,033,099
Noncontrolling interests		27,106			637

Total equity		2,275,279			2,033,736

Total liabilities and equity	$	3,946,693		$	3,647,075