Welcome to our dedicated page for Universal Health news (Ticker: UHT), a resource for investors and traders seeking the latest updates and insights on Universal Health stock.
Universal Health Realty) Trust (UHT) provides investors with centralized access to official announcements and market developments for this healthcare-focused REIT. This page aggregates all material disclosures including earnings reports, property acquisitions, and strategic partnerships essential for understanding UHT's position in medical real estate markets.
Users will find press releases, regulatory filings, and operational updates related to UHT's portfolio of healthcare facilities. Content spans lease agreements, advisory service expansions, and financial performance metrics while adhering to factual reporting standards.
This resource enables efficient tracking of UHT's activities in acute care hospitals, outpatient centers, and medical office buildings. The Trust's unique position at the intersection of healthcare services and real estate investment is reflected through curated news highlighting tenant relationships and portfolio diversification.
Bookmark this page for streamlined monitoring of UHT's developments in a sector requiring specialized property management expertise. Cross-reference announcements with SEC filings and industry analysis for informed decision-making.
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.
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