Universal Health Realty Income Trust (UHT) Q1 2026 Earnings
How Did UHT Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +6.29%.
Did UHT Beat Earnings? Q1 2026 Results
Universal Health Realty Income Trust posted a steady first quarter for fiscal 2026, with earnings of $0.36 per diluted share on revenue of $24.53 million, falling just 0.69% short of the $24.70 million consensus estimate as total revenue slipped a marginal 0.1% year over year. The most material driver behind the earnings improvement was a meaningful reduction in borrowing costs, with net interest expense declining to $4.45 million from $4.67 million a year ago, reflecting the benefit of interest rate swap agreements that lowered the trust's effective borrowing rate. Funds from operations, the preferred REIT performance metric, climbed to $0.88 per diluted share from $0.86, while the quarterly dividend ticked up to $0.74 per share, a figure that continues to draw investor attention given the trust's <a href="https://247wallst.com/investing/2026/03/17/a-38-year-dividend-streak-looks-solid-until-you-check-the-balance-sheet/">long-running payout history</a>. Looking ahead, management expanded its credit facility to $475 million and broke ground on the roughly $34 million Miller Medical Plaza in Palm Beach Gardens, Florida, with completion targeted for late 2026 and a UHS subsidiary already committed to leasing approximately 75% of the space.
- Decrease in average effective borrowing rate reduced interest expense by $217,000
- Increased income generated at various properties contributing $25,000 net aggregate increase
- Bonus rental on McAllen Medical Center increased to $1,011,000 from $817,000 year-over-year
What Was Universal Health Realty Income Trust's Outlook in Q1 2026?
The trust is expanding its borrowing capacity to $475 million through a credit agreement amendment and is actively developing the Miller Medical Plaza, an 80,000 square foot MOB in Palm Beach Gardens, Florida, estimated to cost approximately $34 million with expected completion in Q4 2026. A UHS subsidiary has committed to a 10-year master flex lease for approximately 75% of the building. The Alan B. Miller Medical Center, a newly constructed acute care hospital on the same campus, is scheduled to open during Q2 2026.
UHT YoY Financials
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $24.5M | $24.5M | −0.1% |
| Operating Income | $9.0M | $9.0M | −0.8% |
| Net Income | $5.0M | $4.8M | +5.1% |
UHT Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.