Loading...
•
Mar 31, 2022
UHT Q1 2022 Earnings Report
UHT reported first quarter financial results with net income of $5.4 million and FFO of $12.4 million.
Key Takeaways
Universal Health Realty Income Trust reported a net income of $5.4 million, or $0.39 per diluted share, for the first quarter of 2022, compared to $5.6 million, or $0.41 per diluted share, in the first quarter of 2021. FFO was $12.4 million, or $0.90 per diluted share, compared to $12.7 million, or $0.92 per diluted share, in the first quarter of 2021.
Net income decreased by $181,000 due to a vacant specialty hospital in Chicago, offset by gains from an asset purchase and sale agreement with UHS and a lease renewal.
FFO decreased by $326,000, driven by the decrease in net income and a decrease in depreciation and amortization expense.
Acquired the Beaumont Heart and Vascular Center in Dearborn, Michigan, and 140 Thomas Johnson Drive in Frederick, Maryland.
Declared a first quarter dividend of $0.705 per share, totaling $9.7 million.
Revenue by Segment
Forward Guidance
The press release contains forward-looking statements based on current management expectations and numerous factors, including those disclosed herein, those related to the anticipated impact of COVID-19 on our financial results, as well as the operations and financial results of each of our tenants, those related to healthcare industry trends and those detailed in our filings with the Securities and Exchange Commission, may cause the results to differ materially from those anticipated in the forward-looking statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...