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Sep 30, 2022
UHT Q3 2022 Earnings Report
Reported a decrease in net income and FFO compared to the same period last year.
Key Takeaways
Universal Health Realty Income Trust reported a decrease in net income to $4.8 million, or $0.35 per diluted share, compared to $5.3 million, or $0.39 per diluted share in Q3 2021. FFO was $11.8 million, or $0.86 per diluted share, compared to $12.6 million, or $0.92 per diluted share in Q3 2021. The decrease in net income was primarily due to a vacant specialty hospital in Chicago and an increase in interest expense.
Net income decreased by $496,000, or $0.04 per diluted share, compared to Q3 2021.
FFO decreased by $816,000, or $0.06 per diluted share, compared to Q3 2021.
The third quarter dividend of $0.71 per share, or $9.8 million in the aggregate, was declared on September 7, 2022 and paid on September 30, 2022.
Construction of Sierra Medical Plaza I, an MOB located in Reno, Nevada, commenced in January 2022 and is anticipated to be completed and opened during the first quarter of 2023.
Revenue by Segment
Forward Guidance
This press release contains forward-looking statements based on current management expectations. Numerous factors, including those disclosed herein, those related to the potential 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
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Avg. Return Before/After Earnings
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