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Dec 31, 2021
UHT Q4 2021 Earnings Report
Reported net income and FFO increased due to gains from real estate divestitures and increased income from properties.
Key Takeaways
Universal Health Realty Income Trust reported a significant increase in net income for the fourth quarter of 2021, driven by gains from divestitures of real estate assets. Adjusted net income and FFO also increased compared to the same period in 2020, reflecting improved operating performance.
Net income increased to $91.6 million, or $6.65 per diluted share, compared to $5.0 million, or $0.36 per diluted share, in Q4 2020.
Adjusted net income was $5.6 million, or $0.41 per diluted share, compared to $5.0 million, or $0.36 per diluted share, in Q4 2020.
FFO was $12.9 million, or $0.93 per diluted share, compared to $11.8 million, or $0.85 per diluted share, in Q4 2020.
The company divested the Auburn Medical Office Building II and the Inland Valley Campus of Southwest Healthcare System, generating gains of $17.6 million and $68.4 million, respectively.
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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