UHT
Universal Health Realty Income Trust41.76
-0.46-1.09%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
579.38MP/E (TTM)
32.37Basic EPS (TTM)
1.29Dividend Yield
0.07%Recent Filings
8-K
Q4 net income dips; MOB build underway
Universal Health Realty Income Trust reported Q4 2025 net income down to $4.3M ($0.31/share) from $4.7M ($0.34/share) a year earlier, hit by lower income at its vacated Amarillo MOB. FFO held steady at $11.74M ($0.85/share). Construction started on $34M Palm Beach Gardens MOB, backed by a UHS 10-year lease for 75% of space. Vacant properties drag income.
10-K
FY2025 results
Universal Health Realty Income Trust posted FY2025 net income of $17.6 million, down from $19.2 million in 2024, as revenues edged up 0.2% to $99.2 million on higher bonus rents from UHS hospitals offset by a $545,000 Q4 drop at the vacated Amarillo MOB. Funds from operations held steady at $47.7 million despite nonrecurring Q3 depreciation; 62 new/renewed MOB leases covered 11% of space with 3% rental bumps but higher $16/sq ft tenant improvements. Q4 saw stable occupancy across 77 properties while UHS leases—40% of revenue—neared 2026 maturities with purchase options. Revolving credit drew $356 million at year-end, supporting $41 million dividends and $15 million capex. Palm Beach Gardens MOB advances to Q4 2026 completion. UHS dependency risks lease non-renewals.
10-Q
Q3 FY2025 results
Universal Health Realty Income Trust posted Q3 revenues of $25.3M, up 3.3% y/y from $24.5M, driven by higher lease revenue from non-UHS parties and bonus rents on McAllen Medical Center, while YTD revenues edged up 0.5% y/y to $74.7M. Net income held steady at $4.0M y/y and $0.29 diluted EPS, matching 13,874 diluted shares with no anti-dilution. Operating cash flow strengthened to $35.5M YTD, exceeding $30.7M dividends paid; cash sits at $6.9M with $67.9M revolver availability against $357.1M drawn and $18.6M non-recourse mortgages to 2033. UHS tenants, ~39% of revenues, renewed FED leases through 2030; October ground lease sets up $34M MOB by Q3 2026 with UHS flex-leasing 75%. Solid cash coverage persists. Leases may not renew at current rates.
8-K
Q3 FFO up, MOB deal
Universal Health Realty Income Trust held Q3 net income steady at $4.0 million ($0.29 per diluted share), matching last year despite $900,000 nonrecurring depreciation. FFO climbed to $12.2 million ($0.88 per share), up from $11.3 million. Signed ground lease for $34 million, 80,000 sq ft MOB on UHS campus; construction starts November. Nine-month FFO dipped slightly.
10-Q
Q2 FY2025 results
Universal Health Realty Income Trust posted Q2 revenues of $24.9M, up 0.5% y/y but flat q/q, while net income fell to $4.5M from $5.3M y/y due to higher other operating expenses and interest, despite equity income from unconsolidated LLCs rising to $365K. Diluted EPS dropped to $0.32 on 13,856K shares, matching the decline. Cash swelled to $6.6M with $25.3M YTD operating cash flow; debt stood at $373.5M including $354.8M line of credit (maturing 2028, $70.2M available) and $18.7M non-recourse mortgages, covenants comfortably met. UHS tenants drove 40% of revenues. Solid cash covers dividends. New Medicaid rules threaten tenant volumes.
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