Universal Health Realty Income Trust - UHT STOCK NEWS

Universal Health Services (UHS) reported strong financial results for Q3 2024. Net income reached $258.7 million ($3.80 per diluted share), up from $167.0 million in Q3 2023. Net revenues increased 11.2% to $3.963 billion. The company's acute care facilities saw adjusted admissions increase by 1.5%, while behavioral health facilities experienced a 2.2% rise. EBITDA margin improved to 13.3% from 11.5% year-over-year. UHS completed a $1 billion financing transaction and authorized a $1.0 billion increase to its stock repurchase program, under which it repurchased 658,000 shares for $153.9 million in Q3.

Universal Health Realty Income Trust (NYSE:UHT) reported Q3 2024 net income of $4.0 million ($0.29 per diluted share), up from $3.9 million ($0.28 per diluted share) in Q3 2023. The increase was driven by a $451,000 rise in property income, partially offset by a $326,000 increase in interest expense.

For the nine months ended September 30, 2024, net income reached $14.6 million ($1.05 per diluted share), compared to $11.8 million ($0.85 per diluted share) in 2023. The company declared a Q3 dividend of $0.73 per share. UHT also expanded its credit agreement to $425 million and extended maturity to September 2028.

Universal Health Realty Income Trust (NYSE:UHT) has announced a dividend payment of $0.73 per share, to be paid on September 30, 2024, to shareholders of record as of September 16, 2024. This decision was made by the company's Board of Trustees. UHT is a real estate investment trust that focuses on 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 currently has 76 investments spread across 21 states, demonstrating its diverse portfolio in the healthcare real estate sector.

Universal Health Services (NYSE: UHS) reported strong Q2 2024 financial results, with net income rising to $289.2 million ($4.26 per diluted share) compared to $171.3 million in Q2 2023. Net revenues increased by 10.1% to $3.908 billion. The company's adjusted net income was $292.6 million ($4.31 per diluted share), up from $179.4 million in Q2 2023. UHS also announced a $1 billion increase to its stock repurchase program authorization.

Based on strong performance, UHS increased its 2024 full-year forecast. Revised projections include net revenues of $15.565-$15.753 billion, adjusted EBITDA of $2.154-$2.226 billion, and adjusted EPS of $15.40-$16.20 per share. These figures represent significant increases from the original forecast, reflecting the company's positive outlook.

Universal Health Realty Income Trust (NYSE:UHT) reported its financial results for Q2 2024. Net income was $5.3M or $0.38 per diluted share, up from $3.5M or $0.25 per share in Q2 2023. The increase was driven by a $1.5M reduction in Chicago property expenses and a $706K rise in net property income, offset by a $404K rise in interest expenses. FFO was $12.4M or $0.90 per share, compared to $10.6M or $0.77 per share in Q2 2023.

For H1 2024, net income rose to $10.6M or $0.76 per share from $7.9M or $0.57 per share in H1 2023. FFO for H1 2024 was $24.8M or $1.79 per share, up from $22.0M or $1.59 per share in H1 2023. The increase was primarily due to higher net property income and reduced Chicago property expenses, partially offset by higher interest expenses.

Key developments include a $0.73 per share dividend and completion of Sierra Medical Plaza I. At June 30, 2024, the Trust had $342.9M in borrowings with a $32.1M available credit capacity.

Universal Health Realty Income Trust (NYSE: UHT) announced an increase in its quarterly dividend by $.005, setting the new dividend at $.73 per share. The dividend will be paid on June 28, 2024, to shareholders of record as of June 17, 2024.

The real estate investment trust (REIT) focuses on 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. UHT currently has seventy-six investments across twenty-one states.

Universal Health Services, Inc. reported strong financial results for the first quarter of 2024, with net income of $261.8 million and net revenues up by 10.8% to $3.844 billion. Adjusted net income was $253.1 million, showing significant growth compared to the previous year. Acute care services saw increased admissions and revenue, while behavioral health care services also showed growth. Operating activities provided $396 million in net cash, and the company had $733 million in available borrowing capacity. A stock repurchase program was active during the quarter, with 700,000 shares repurchased. An investor conference call is scheduled for April 25, 2024.

Universal Health Realty Income Trust reported its 2024 first-quarter financial results, showing a net income of $5.3 million, or $.38 per diluted share, compared to $4.5 million, or $.32 per diluted share, in the first quarter of 2023. FFO increased to $12.4 million, or $.90 per diluted share, from $11.4 million, or $.82 per diluted share, in 2023. The first quarter dividend was $.725 per share, and the company had $333.7 million in outstanding borrowings at March 31, 2024.

Universal Health Realty Income Trust (UHT) declares a dividend of $.725 per share on March 29, 2024, for shareholders of record as of March 18, 2024. The Trust, a real estate investment trust, focuses on healthcare and human service-related facilities across twenty-one states.