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UNIVERSAL HEALTH REALTY INCOME TRUST REPORTS 2024 SECOND QUARTER FINANCIAL RESULTS
Prnewswire· 2024-07-24 20:15
The increase in our net income of $1.8 million, or $.13 per diluted share, during the second quarter of 2024, as compared to the comparable quarter of 2023, consisted of the following: (i) an increase of $1.5 million, or $.11 per diluted share, resulting from a reduction in the expenses related to our property located in Chicago, Illinois, including $862,000 from demolition expenses incurred during the second quarter of 2023, and $563,000 related to a property tax reduction recorded during the second quarte ...
UNIVERSAL HEALTH REALTY INCOME TRUST ANNOUNCES DIVIDEND INCREASE
Prnewswire· 2024-06-05 20:15
Universal Health Realty Income Trust, a real estate investment trust, invests in healthcare and human service- related facilities including acute care hospitals, behavioral healthcare facilities, rehabilitation hospitals, sub- acute care facilities, surgery centers, childcare centers, and medical office buildings. The Trust has seventy-six investments in twenty-one states. SOURCE Universal Health Realty Income Trust KING OF PRUSSIA, Pa., June 5, 2024 /PRNewswire/ -- Universal Health Realty Income Trust (NYS ...
Universal Health Realty me Trust(UHT) - 2024 Q1 - Quarterly Report
2024-05-08 20:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9321 UNIVERSAL HEALTH REALTY INCOME TRUST (Exact name of registrant as specified in its charter) MARYLAND 23-6858580 (State or oth ...
Universal Health Realty me Trust(UHT) - 2024 Q1 - Quarterly Results
2024-04-24 20:20
Financial Performance - For Q1 2024, net income increased to $5.3 million, or $0.38 per diluted share, compared to $4.5 million, or $0.32 per diluted share in Q1 2023, representing a 17.8% increase in net income [2]. - Funds from operations (FFO) for Q1 2024 were $12.4 million, or $0.90 per diluted share, up from $11.4 million, or $0.82 per diluted share in Q1 2023, reflecting an increase of 8.8% [4]. - Total revenues for Q1 2024 were $25.1 million, up from $23.2 million in Q1 2023, indicating an increase of 8.2% [21]. - The company declared a dividend of $0.725 per share for Q1 2024, totaling $10.0 million, which was paid on March 29, 2024 [5]. Revenue and Lease Information - Lease revenue from UHS facilities rose to $8.7 million in Q1 2024, compared to $7.8 million in Q1 2023, marking an increase of 11.3% [21]. Assets and Liabilities - Total assets decreased slightly from $596,369 million in December 2023 to $596,189 million in March 2024 [27]. - Total liabilities increased from $395,435 million to $399,731 million, reflecting a rise of approximately 1.0% [27]. - Total equity decreased from $200,934 million to $196,458 million, a decline of approximately 2.4% [27]. - Cash and cash equivalents decreased from $8,212 million to $7,697 million, a decline of about 6.3% [27]. Investments and Expenses - The company has investments in 76 properties across 21 states, focusing on healthcare and human-service related facilities [11]. - Operating expenses related to vacant properties were $185,000 in Q1 2024, significantly lower than $604,000 in Q1 2023 [9]. - Demolition expenses for a former specialty hospital in Chicago totaled approximately $1.5 million, with $1.1 million incurred in early 2023 [8]. - The Sierra Medical Plaza I, an 86,000 square foot medical office building, was substantially completed in March 2023, with an estimated total cost of $35 million [7]. Borrowings and Financial Metrics - As of March 31, 2024, the company had $333.7 million in borrowings outstanding and $41.3 million in available borrowing capacity [6]. - Line of credit borrowings increased from $326,600 million to $333,650 million, an increase of about 2.4% [27]. - Cumulative net income rose from $826,061 million to $831,361 million, an increase of about 0.6% [27]. - Investments in and advances to limited liability companies increased from $9,102 million to $14,632 million, a significant increase of approximately 60.5% [27]. - Accrued interest increased from $490 million to $1,088 million, an increase of about 121.4% [27]. - Cumulative dividends increased from $902,975 million to $912,998 million, reflecting a rise of approximately 1.1% [27].
Universal Health Realty me Trust(UHT) - 2023 Q4 - Annual Results
2024-02-27 21:25
Exhibit 99.1 UNIVERSAL HEALTH REALTY INCOME TRUST Universal Corporate Center 367 S. Gulph Road P.O. Box 61558 King of Prussia, PA 19406 (610) 265-0688 FOR IMMEDIATE RELEASE CONTACT: Charles Boyle February 27, 2024 Chief Financial Officer (610) 768-3300 UNIVERSAL HEALTH REALTY INCOME TRUST REPORTS 2023 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS Consolidated Results of Operations - Three-Month Periods Ended December 31, 2023 and 2022: KING OF PRUSSIA, PA - Universal Health Realty Income Trust (NYSE:UHT) a ...
Universal Health Realty me Trust(UHT) - 2023 Q4 - Annual Report
2024-02-27 21:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-9321 UNIVERSAL HEALTH REALTY INCOME TRUST (Exact name of registrant as specified in its charter) Maryland 23-6858580 (State or other jurisdiction of ...
Universal Health Realty me Trust(UHT) - 2023 Q3 - Quarterly Report
2023-11-08 21:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9321 UNIVERSAL HEALTH REALTY INCOME TRUST (Exact name of registrant as specified in its charter) MARYLAND 23-6858580 (State or ...
Universal Health Realty me Trust(UHT) - 2023 Q2 - Quarterly Report
2023-08-08 20:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9321 UNIVERSAL HEALTH REALTY INCOME TRUST (Exact name of registrant as specified in its charter) MARYLAND 23-6858580 (State or othe ...
Universal Health Realty me Trust(UHT) - 2023 Q1 - Quarterly Report
2023-05-09 13:11
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9321 UNIVERSAL HEALTH REALTY INCOME TRUST (Exact name of registrant as specified in its charter) MARYLAND 23-6858580 (State or oth ...
Universal Health Realty me Trust(UHT) - 2022 Q4 - Annual Report
2023-02-27 21:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-9321 UNIVERSAL HEALTH REALTY INCOME TRUST (Exact name of registrant as specified in its charter) Maryland 23-6858580 (State or other jurisdiction of ...