Universal Health Realty Income Trust (UHT) Q3 2026 Earnings
How Did UHT Stock React to Q3 2026 Earnings?
Did UHT Beat Earnings? Q3 2026 Results
Universal Health Realty Income Trust posted a solid third quarter for 2026, with revenue of $25.35 million edging ahead of the $24.90 million consensus estimate by 1.79%, while adjusted EPS of $0.35 reflected a meaningful improvement from $0.29 a year earlier. Revenue was essentially flat on a year-over-year basis, rising just 0.2%, but net income climbed to $4.9 million from $4.0 million, driven primarily by the absence of a nonrecurring depreciation charge that weighed on the year-ago quarter, along with a $287,000 benefit from lower interest expense. Funds from operations, the key profitability metric for REITs, held steady at $0.88 per diluted share on a total of $12.28 million. An analyst upgrade citing UHT's income profile added a constructive backdrop to the results. Looking ahead, the trust expects to record a fourth-quarter gain of roughly $1.90 million from an October land sale in Chicago, and its approximately $34 million Miller Medical Plaza development in Palm Beach Gardens remains on track for a December 2026 completion.
- Lower depreciation expense versus the prior-year quarter, which included nonrecurring depreciation; net aggregate increase of $901,000
- Lower interest expense from a reduced average effective borrowing rate, partially offset by higher average borrowings; increase of $287,000
- Absence of the one-time settlement and release agreement recorded in Q3 2025 for a medical office building; decrease of $275,000
- Bonus rental on McAllen Medical Center of $1.0 million in Q3 2026 versus $895,000 in Q3 2025
- Equity in income of unconsolidated LLCs rose to $497,000 from $438,000
What Is Universal Health Realty Income Trust's Outlook?
The trust expects its fourth-quarter 2026 results to include a gain of about $1.90 million from the October 2026 sale of a Chicago land parcel, which generated net cash proceeds of $1.96 million. Construction of the roughly $34 million Miller Medical Plaza is expected to be completed in December 2026. A UHS subsidiary's 10-year master flex lease for about 75% of the building's rentable space begins when the building is completed.
UHT YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $25.3M | $25.3M | +0.2% |
| Operating Income | $9.0M | $8.4M | +6.7% |
| Net Income | $4.9M | $4.0M | +22.7% |
UHT Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.