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Mar 31, 2021
UHT Q1 2021 Earnings Report
Reported first quarter financial results with increased net income and FFO compared to the same period last year.
Key Takeaways
Universal Health Realty Income Trust reported a net income of $5.6 million, or $0.41 per diluted share, for the first quarter of 2021, compared to $4.6 million, or $0.33 per diluted share, for the first quarter of 2020. Funds from operations (FFO) were $12.7 million, or $0.92 per diluted share, compared to $11.2 million, or $0.82 per diluted share, for the same period last year.
Net income increased by $1.0 million, or $0.08 per diluted share, primarily due to higher bonus rental income, lower interest expense, and increased income from various properties.
FFO increased by $1.5 million, or $0.10 per diluted share, driven by the increase in net income and higher depreciation and amortization expense.
A first quarter dividend of $0.695 per share, totaling $9.6 million, was declared on March 3, 2021, and paid on March 31, 2021.
As of March 31, 2021, the company had $247.7 million of borrowings outstanding under its $350 million credit agreement, with $96.7 million of available borrowing capacity.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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