Universal Health Realty Income Trust reported a net income of $4.7 million, or $0.34 per diluted share, for the fourth quarter of 2024, compared to $3.6 million, or $0.26 per diluted share, for the same period in 2023. FFO increased to $11.8 million, or $0.85 per diluted share, from $11.4 million, or $0.82 per diluted share, in the prior year. The company increased its borrowing capacity to $425 million and extended the maturity date to September 30, 2028.
Net income for Q4 2024 was $4.7 million, or $0.34 per diluted share, up from $3.6 million, or $0.26 per diluted share, in Q4 2023.
Adjusted net income increased by $836,000, or $0.06 per diluted share, compared to Q4 2023.
Funds from operations (FFO) rose to $11.8 million, or $0.85 per diluted share, from $11.4 million, or $0.82 per diluted share, in Q4 2023.
The company entered into a second amended and restated credit agreement, increasing borrowing capacity to $425 million and extending the maturity date to September 30, 2028.
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