DineEquity Inc. DineEquity, Inc. (NYSE: DIN) announced that net income available to common stockholders was $12.8 million, or $0.75 per diluted share, on revenues of $357.9 million for the first quarter of 2010. This compares to net income available to common stockholders of $30.6 million, or $1.80 per diluted share, on revenues of $375.5 million for the same quarter in 2009. The decrease was primarily due to fewer gains in 2010 with respect to debt repurchases and asset sales to support refranchising. Securitized debt was reduced by $55.0 million for Q1. Consolidated G&A expenses decreased 14.8 percent to $40.2 million for the first quarter compared to the same period in 2009. MannKind Corp. MannKind Corp. (Nasdaq:MNKD) announced a net loss applicable to common stockholders for the first quarter of 2010 of $44.7 million, or $0.40 per share. This compares to a net loss of $59.4 million, or $0.58 per share for the first quarter of 2009. For the first quarter of 2010 total operating expenses were $40.6 million, compared to $57.8 million for the first quarter of 2009. Research and development expenses were $30.5 million compared to $42.9 million for the same quarter in 2009. General and administrative expenses decreased by $4.8 million to $10.1 million for the first quarter compared to $14.9 million in the first quarter of 2009. PS Business Parks, Inc. PS Business Parks, Inc. (NYSE:PSB) reported that net income allocable to common shareholders for the three months ended March 31, 2010 was $11.7 million, or $0.48 per diluted share, on revenues of $67.3 million. This compares to $32.6 million, or $1.59 per diluted share, on revenues of $69.3 million for the same period in 2009. Net income allocable to common shareholders decreased primarily because of a net gain of $35.6 million on the repurchase of preferred equity during the first quarter of 2009, combined with a decrease in net operating income primarily due to a decrease in rental rates. The decrease was partially offset by a $5.2 million gain on the sale of an office building located in Houston and a reduction in depreciation expense of $4.4 million. LTC Properties Inc. LTC Properties, Inc. (NYSE:LTC) announced that for the three months ended March 31, 2009, net income allocable to common stockholders was $8 million or $0.35 per diluted share, which includes $0.6 million related to the repurchase of 109,484 shares of preferred stock. Revenues for Q1 2010 were $17.9 million versus $17.7 million for the same period last year. During the three months ended March 31, 2010, the company purchased a 120-bed skilled nursing property in Florida for $9 million. The company also purchased a 166-bed skilled nursing property in Texas for $7.9 million plus a capital improvement commitment and lease inducement payment totaling $0.3 million. LTC also sold 365,000 shares of common stock in Q1 under an equity distribution agreement to issue and sell up to $75 million in aggregated offering price of its common stock. – Eric Billingsley