Companies /Real Estate

Universal Health Realty Income Trust

NYSE: UHT Reit - Healthcare Facilities
$40.60
▼ $0.21 (−0.51%) today
Markets closed · 6:12am ET

Q1 2026 Earnings

Reported Apr 27, 2026, 4:25pm ET · SEC source
$0.36
Beat +0.00%
EPS · est. $0.00
$24.5M
Miss −0.69%
Revenue · est. $24.7M
−4.7%
Trailing market
UHT vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−0.9%0+0.9%+1.8%Apr 27Apr 28report 4:25pm ETearnings−0.4%−0.1%
−0.9%0+0.9%+1.8%Apr 27Apr 28earnings−0.4%−0.1%
UHT −0.1%S&P 500 −0.4%
0+2%Apr 27Apr 28report 4:25pm ETearnings−0.9%−0.1%
0+2%Apr 27Apr 28earnings−0.9%−0.1%
UHT −0.1%NASDAQ −0.9%
−2%0+2%Apr 27May 5report 4:25pm ETearnings+1.3%−1.0%
−2%0+2%Apr 27May 5earnings+1.3%−1.0%
UHT −1.0%S&P 500 +1.3%
−2%0+2%Apr 27May 5report 4:25pm ETearnings+3.0%−1.0%
−2%0+2%Apr 27May 5earnings+3.0%−1.0%
UHT −1.0%NASDAQ +3.0%
−0.15%
Day of report
−0.42%
Next session
−0.88%
One week
+1.59%
30 days

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.

Key Takeaways
  • 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

Forward Guidance & Outlook

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

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$7.0M$14.0M$21.0M$24.5M$24.5MRevenue$9.0M$9.0MOperating Income$4.8M$5.0MNet Income
$0$7.0M$14.0M$21.0MRevenueOperating IncomeNet Income

UHT Revenue by Segment

Lease Revenue - Non-related Parties
Lease Revenue - Non-Related Parties
Lease revenue - Non-related parties$14.2M
Lease revenue - UHS facilities$8.4M
Lease Revenue - UHS Facilities
Interest Income on Financing Leases - UHS Facilities
Interest income on financing leases - UHS facilities$1.3M
Other Revenue - Non-related Parties

Figures from SEC filings and company reports. Not investment advice.