HCP Inc. on Tuesday said it had moved from a loss to profit in the third quarter, boosted by higher revenue and the end of a large litigation provision.

The Long Beach health care real estate investment trust on Wednesday increased the size of a stock sale announced the previous day.

The company reported net income of $17 million (5 cents per share), compared with a net loss of $52.4 million (-18 cents) a year earlier. In the prior-year quarter, the REIT set aside funds for litigation equal to 36 cents per share.

Funds from operations, a REIT metric that removes the profit-reducing effect of depreciation, soared nearly 200 percent to $96.1 million (31 cents). Adjusted FFO was 54 cents, which met the consensus expectations of analysts surveyed by Thomson Reuters.

Revenue rose 10.5 percent to $317 million, compared with the $255 million Wall Street consensus.

HCP now plans to issue 12 million shares of common stock, up from 10 million, priced a $35.25 per share.

Proceeds will be used to repay borrowings under its revolving credit facility and for general corporate purposes. The company now has 310 million shares outstanding.

Citi, Goldman, Sachs & Co., and J.P. Morgan are the book-running managers for the offering, which was first announced on Tuesday. The underwriters have an option to purchase up to 1.8 million shares to cover any over-allotments.

Shares were down $1.11, or 3 percent, to $35.59 in Wednesday midday trading on the New York Stock Exchange.