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PR Newswire·

UNIVERSAL HEALTH REALTY INCOME TRUST REPORTS FINANCIAL RESULTS FOR THE THREE AND NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2026

UHT
  • Universal Health Realty Income Trust reported net income of $4.9 million ($0.35 per diluted share) for the three months ended September 30, 2026, compared to $4.0 million ($0.29 per share) in the prior year period.
  • Net income increased by $913,000 ($0.06 per share) primarily due to nonrecurring depreciation expense in Q3 2025, a decrease in interest expense from lower borrowing rates, partially offset by a one-time settlement cost in 2025.
  • Funds from operations (FFO) for the three-month period rose to $12.3 million ($0.88 per share) from $12.2 million ($0.88 per share) in the same quarter of 2025.
  • For the nine months ended September 30, 2026, net income was $15.9 million ($1.14 per share), up from $13.3 million ($0.96 per share) in 2025.
  • Adjusted net income for the nine-month period totaled $15.1 million ($1.09 per share) after excluding a $724,000 gain on the sale of land recorded in Q2 2026.
  • FFO for the nine-month period increased by approximately $1.1 million to $37.1 million ($2.67 per share) from $35.9 million ($2.59 per share) in the comparable 2025 period.
  • The company declared a third-quarter dividend of $0.75 per share, totaling $10.4 million, which was paid on September 30, 2026.
  • As of September 30, 2026, the company had $97.3 million of available borrowing capacity under its $475 million credit agreement, with $377.7 million in outstanding borrowings and a maturity date of September 30, 2028.
  • In October 2026, the company sold a Chicago land parcel for $1.96 million, expecting to record a gain of approximately $1.90 million in the fourth quarter of 2026.
  • Construction of the 80,000 square foot Miller Medical Plaza in Florida commenced in February 2026 with an estimated cost of $34 million, and is scheduled for completion in December 2026.
  • A 10-year master flex lease agreement for approximately 75% of the Miller Medical Plaza has been executed with a subsidiary of UHS, commencing upon building completion.