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 Income Trust (NYSE: UHT) is a healthcare-focused real estate investment trust that regularly reports on its financial performance, portfolio activity and dividend actions. This news page aggregates company-issued press releases and other coverage related to UHT, giving readers a single place to review recent developments affecting the Trust and its healthcare real estate portfolio.
Company news frequently includes quarterly and year-to-date financial results, where Universal Health Realty Income Trust details lease revenue from facilities operated by Universal Health Services, Inc. and non-related parties, other revenue, interest income on financing leases, operating expenses, and non-GAAP measures such as funds from operations (FFO). These releases often explain changes in net income and FFO by referencing property-level performance, interest expense and other factors.
Dividend announcements are another recurring news item. The Trust regularly discloses its quarterly dividend per share, record dates and payment dates, and has reported periodic increases in the dividend rate. Investors following income-oriented strategies may focus on these updates to track the Trust’s distribution history.
News items can also cover capital resources and development activity, such as available borrowing capacity under the Trust’s credit agreement and new property commitments. For example, the company has reported entering into a ground lease and related agreements to develop and own a medical office building in Palm Beach Gardens, Florida, to be located on the campus of an acute care hospital operated by a Universal Health Services subsidiary.
By reviewing this news feed, readers can monitor how healthcare industry conditions, tenant performance, interest rates and other factors discussed in company communications are influencing Universal Health Realty Income Trust’s operations, portfolio and capital structure over time.
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Universal Health Realty Income Trust (NYSE:UHT) reported a net income of
This decline amounts to a decrease of
- An increase in interest expense by
$1.5 million due to higher borrowing rates. - Demolition costs of
$265,000 for a vacant facility.
Partially offsetting these declines, an increase in total income from various properties contributed
Funds from operations (FFO) decreased to
Universal Health Services, Inc. (UHS) reported a strong first quarter of 2023, achieving a net income of $163.1 million, or $2.28 per diluted share, up from $153.9 million or $2.02 per share in Q1 2022. Net revenues grew by 5.3% to $3.468 billion, compared to $3.293 billion in the prior year. Adjusted net income was $167.6 million, or $2.34 per diluted share, an increase from $163.5 million in the previous year. EBITDA also rose to $407.3 million from $368.3 million. Acute care services saw a 3.5% revenue increase, while behavioral health care services surged by 9.7%. However, net cash from operations decreased to $291 million from $445 million in 2022, primarily due to changes in working capital. The company has an available repurchase authorization of $869 million for its stock buyback program.
Universal Health Realty Income Trust (NYSE:UHT) announced a dividend of $.715 per share payable on March 31, 2023. Shareholders of record as of March 20, 2023 will receive this dividend. The Trust focuses on investments in healthcare-related facilities across the U.S., with 76 investments in 21 states. This announcement reflects the Trust's ongoing commitment to providing returns to its investors while maintaining a diversified portfolio in the healthcare sector.
Universal Health Realty Income Trust (NYSE: UHT) reported a net income of $5.6 million, or $0.41 per diluted share, for Q4 2022, down from $91.6 million, or $6.65 per diluted share, in Q4 2021, primarily due to a significant prior-year gain from asset divestitures. Adjusted net income remained stable year-over-year. For the full year 2022, net income fell to $21.1 million, or $1.53 per diluted share, from $109.2 million, or $7.92 per diluted share in 2021, reflecting a decrease in adjusted net income. Funds from operations (FFO) decreased to $12.4 million, or $0.90 per diluted share, in Q4 2022. The company is also managing vacant specialty facilities and ongoing construction projects.
Universal Health Services (UHS) reported a fourth-quarter net income of $174.8 million ($2.43 per share) for 2022, down from $239.1 million ($3.00 per share) in 2021. Despite a 5.2% increase in net revenues to $3.447 billion, adjusted net income decreased to $217.1 million ($3.02 per share) from $235.1 million ($2.95 per share) year-over-year. For the full year, UHS reported net income of $675.6 million ($9.14 per share), down from $991.6 million ($11.82 per share) in 2021. The company forecasted 2023 net revenues between $14.044 billion and $14.314 billion with adjusted EPS projected at $9.50 to $10.50.
Universal Health Realty Income Trust (NYSE: UHT) has announced an increase in its quarterly dividend, now set at $.715 per share, up by $.005. This dividend will be paid on December 30, 2022 to shareholders of record as of December 16, 2022. The Trust, which invests in healthcare and human service-related facilities, currently holds 76 investments in 21 states.
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