Universal Health Realty Income Trust reports recurring developments for a healthcare real estate investment trust that invests in and leases healthcare and human service-related facilities. News commonly covers dividend declarations and increases, operating results, portfolio activity, and financing updates tied to its facilities, which include acute care hospitals, behavioral healthcare facilities, rehabilitation hospitals, sub-acute care facilities, surgery centers, childcare centers, and medical office buildings.
The Trust manages its investment portfolio through direct ownership and joint ventures, with properties located throughout the United States. Company updates also address material agreements and credit arrangements that support its REIT capital structure.
Universal Health Realty Income Trust (NYSE: UHT) reported a net income of $4.7 million, or $0.34 per diluted share, for Q2 2020, an increase from $4.3 million, or $0.31 per diluted share, in Q2 2019. Funds from operations (FFO) rose to $11.4 million, or $0.83 per diluted share, compared to $11.0 million, or $0.80 per share, a year earlier. A $765,000 decrease in interest expense positively impacted results. However, vacancies in two hospital facilities led to a $183,000 net operating loss in Q2 2020. The company declared a dividend of $0.69 per share in June 2020, totaling $9.5 million.