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Universal Health Realty Income Trust (NYSE: UHT) is a premier real estate company specializing in healthcare properties. Headquartered in King of Prussia, Pennsylvania, UHT is dedicated to investing in and leasing healthcare and human service facilities. The company's robust portfolio includes acute care hospitals, behavioral health care hospitals, specialty facilities, medical office buildings, free-standing emergency departments, and childcare centers. UHT operates across 21 states in the United States.
Core Business: UHT's primary business model involves acquiring, developing, and leasing properties that are essential to the healthcare sector. By partnering with Universal Health Services, Inc. (UHS), UHT benefits from the management and operational expertise of one of the largest hospital management companies in the U.S.
Recent Achievements: In March 2023, UHT completed the Sierra Medical Plaza I in Reno, Nevada. This 86,000 square foot medical office building is a significant addition to their portfolio, located on the Northern Nevada Sierra Medical Center campus. Furthermore, UHT recently acquired the McAllen Doctor's Center, a 79,500-square-foot medical office building in McAllen, Texas, leased to McAllen Hospitals, L.P., a subsidiary of UHS.
Financial Highlights: For the three-month period ending June 30, 2023, UHT reported a net income of $3.5 million, or $0.25 per diluted share. This represents a decrease from the previous year's $5.2 million, or $0.38 per diluted share. The company attributed this decline to increased interest expenses and demolition costs. Despite these challenges, UHT maintains a strong financial position, with a focus on generating stable cash flows and regular dividend payments to shareholders.
Partnerships and Projects: UHT's collaboration with UHS provides a strategic advantage, offering reliable tenancy and steady income. Current projects include the ongoing management of 76 properties and the recent sale of a vacant specialty facility in Corpus Christi, Texas, which aligns with their strategy to optimize asset performance.
Outlook: UHT continues to explore high-quality investment opportunities in the healthcare sector. The company's strategic focus remains on expanding its portfolio while ensuring financial stability through prudent management and strategic partnerships.
Universal Health Realty Income Trust (NYSE: UHT) announced an increase in its quarterly dividend, now set at $.71 per share, a rise of $.005 from previous distributions. This dividend will be paid on June 30, 2022, to shareholders recorded by June 20, 2022. The Trust specializes in investing in healthcare-related facilities, operating 76 investments across 21 states.
Universal Health Realty Income Trust (NYSE:UHT) reported a net income of $5.4 million, or $0.39 per diluted share, for Q1 2022, a decrease from $5.6 million, or $0.41 per share, in Q1 2021. Funds from operations (FFO) also declined to $12.4 million, or $0.90 per diluted share, compared to $12.7 million, or $0.92 per share, the previous year. The decline in net income was primarily due to a drop in revenue from a vacant specialty hospital in Chicago, offset partially by asset acquisitions. The first quarter dividend of $0.705 per share was paid on March 31, 2022.
Universal Health Realty Income Trust (UHT) declared a dividend of $.705 per share, payable on March 31, 2022, to shareholders of record by March 21, 2022. This real estate investment trust focuses on healthcare-related facilities and currently holds 75 investments across 21 states. The consistent dividend payment reflects UHT's commitment to shareholder returns and its confidence in its operational performance.
Universal Health Realty Income Trust (NYSE:UHT) reported a significant increase in net income for Q4 2021, totaling $91.6 million, or $6.65 per diluted share, compared to $5.0 million, or $0.36 per diluted share in Q4 2020. This rise was heavily influenced by $86.0 million in gains from the divestiture of real estate assets. Adjusted net income was $5.6 million, up from $5.0 million year-over-year. FFO also increased to $12.9 million, indicating ongoing operational strength amidst higher interest expenses and vacancies in certain properties.
Universal Health Realty Income Trust (NYSE:UHT) announced a quarterly dividend increase of $.005, bringing the total to $.705 per share. The dividend will be paid on December 30, 2021, to shareholders of record as of December 15, 2021. The Trust invests in healthcare and human service-related facilities, boasting seventy-one investments across twenty states. This dividend announcement reflects the Trust's ongoing commitment to delivering value to its shareholders.
Provident Healthcare Partners announced its advisory role for Riverside Medical Clinic (RMC) in a partnership with Universal Health Services (UHS). RMC, a prominent multi-specialty physician practice in California with over 180 providers and a management services organization employing over 800 staff, aims to leverage this partnership for growth. UHS, recognized as one of the largest healthcare providers in the U.S., operates 26 acute care hospitals and 334 behavioral health facilities. The transaction’s financial terms were not disclosed, but both parties expressed optimism about the collaboration.
Universal Health Realty Income Trust (UHT) reported a net income of $5.3 million, or $.39 per diluted share, for Q3 2021, a slight increase from $5.2 million in Q3 2020. Funds from operations (FFO) rose to $12.6 million, or $.92 per diluted share, compared to $11.9 million, or $.86 per diluted share, last year. The increase was driven by new income from the Clive Behavioral Health facility and higher bonus rental income, offset by increased interest expenses. For the nine-month period, net income grew to $17.6 million, up from $14.4 million, with adjusted net income at $16.2 million.
Universal Health Realty Income Trust (NYSE: UHT) has declared a dividend of $.70 per share, payable on September 30, 2021, to shareholders on record as of September 20, 2021. The Trust focuses on real estate investments in healthcare facilities, including hospitals and medical offices, with a diverse portfolio of 72 investments across 20 states. This announcement underscores the Trust's commitment to returning value to shareholders while maintaining a robust investment strategy in the healthcare sector.
Universal Health Realty Income Trust (UHT) reported a net income of $6.6 million, or $0.48 per diluted share, for Q2 2021, up from $4.7 million, or $0.34 per diluted share, in Q2 2020. Funds from Operations (FFO) increased to $12.6 million, or $0.92 per diluted share, compared to $11.4 million, or $0.83 per diluted share, in the same period last year. The results include a $1.3 million gain from the sale of a medical office building. For H1 2021, net income rose to $12.2 million, or $0.89 per diluted share. The second quarter dividend was set at $0.70 per share.
Universal Health Realty Income Trust (UHT) announced an increase in its quarterly dividend to $.70 per share, up by $.005. This dividend will be paid on June 30, 2021, to shareholders of record as of June 16, 2021. The Trust focuses on investments in the healthcare sector, with a portfolio of 73 investments across 20 states, encompassing various facilities such as hospitals and rehabilitation centers.
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