Universal Health Realty Income Trust
Q3 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −0.81%.
Did UHT Beat Earnings? Q3 2025 Results
Universal Health Realty Income Trust delivered a steady third quarter, posting earnings of $0.29 per diluted share as revenue of $25.30 million edged past the $24.90 million consensus estimate by 1.61%, with total revenue growing 3.3% year over year. The headline net income figure of $4.02 million held flat against the year-ago quarter, shaped in part by a $275,000 one-time settlement benefit that was largely offset by approximately $900,000 of nonrecurring depreciation expense. The more closely watched funds from operations metric showed clearer momentum, rising to $12.22 million, or $0.88 per diluted share, from $11.32 million, or $0.82 per diluted share, a year earlier. Analysts following the healthcare REIT have noted its 7.6% dividend yield, which the Trust supported with a Q3 dividend of $0.74 per share. Looking ahead, the company is moving into active development mode, with construction on the approximately $34 million Palm Beach Gardens Medical Plaza I set to begin in November 2025, anchored by a 10-year master flex lease commitment covering roughly 75% of the 80,000-square-foot facility.
- One-time $275,000 settlement and release agreement related to a medical office building
- Bonus rental on McAllen Medical Center of $895,000 in Q3 2025, up from $765,000 in Q3 2024
- FFO increased $908,000 or $0.06 per diluted share year-over-year in Q3 2025
- Approximately $900,000 of nonrecurring depreciation expense recorded during Q3 2025
Forward Guidance & Outlook
The Trust is pursuing growth through the development of Palm Beach Gardens Medical Plaza I, an 80,000 square-foot medical office building estimated to cost approximately $34 million, with construction expected to commence in November 2025. A UHS subsidiary has committed to a 10-year master flex lease for approximately 75% of the rentable space. The adjacent Alan B. Miller Medical Center, an acute care hospital owned by a UHS subsidiary, is scheduled to open during Q3 2026. The Trust's $425 million credit facility has $67.9 million of available borrowing capacity and is scheduled to expire September 30, 2028, with options to extend for up to two additional six-month periods.
UHT YoY Financials
UHT Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.