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Sep 30, 2024
UHT Q3 2024 Earnings Report
Reported third quarter financial results, with net income increasing slightly compared to the same period last year.
Key Takeaways
Universal Health Realty Income Trust reported a slight increase in net income for the third quarter of 2024, with net income at $4.0 million, or $.29 per diluted share, compared to $3.9 million, or $.28 per diluted share, in the third quarter of 2023. FFO increased slightly to $11.3 million, or $.82 per diluted share, compared to $11.2 million, or $.81 per diluted share during the third quarter of 2023.
Net income increased by $125,000, or $.01 per diluted share, compared to Q3 2023.
FFO increased by $124,000, or $.01 per diluted share, compared to Q3 2023.
The third quarter dividend of $.73 per share was declared on September 4, 2024, and paid on September 30, 2024.
Borrowing capacity increased to $425 million and the maturity date was extended to September 30, 2028.
Revenue by Segment
Forward Guidance
This press release contains forward-looking statements based on current management expectations.
Challenges Ahead
- Decreases in staffing availability and related increases to wage expense experienced by our tenants resulting from the shortage of nurses and other clinical staff and support personnel
- The impact of government and administrative regulation of the health care industry
- Declining patient volumes and unfavorable changes in payer mix caused by deteriorating macroeconomic conditions (including increases in uninsured and underinsured patients as the result of business closings and layoffs)
- Potential disruptions related to supplies required for our tenants’ employees and patients
- Potential increases to other expenditures
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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