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UHT

Universal Health Realty Income Trust

UHT

Universal Health Realty Income Trust • NYSE
$40.65 ▼ -1.02% (-0.42)
Market Cap $563.96 M
52w High $42.46
52w Low $34.56
Dividend Yield 2.95%
P/E 31.51
Volume 38.47K
Outstanding Shares 13.87M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $25.302M ▲ $15.494M ▲ $4.016M ▼ 15.872% ▼ $0.29 ▼ $17.345M ▲
Q2-2025 $24.868M ▲ $14.633M ▲ $4.492M ▼ 18.063% ▼ $0.33 ▼ $16.795M ▼
Q1-2025 $24.548M ▼ $14.15M ▲ $4.777M ▲ 19.46% ▲ $0.35 ▲ $16.871M ▼
Q4-2024 $24.642M ▲ $13.995M ▼ $4.661M ▲ 18.915% ▲ $0.34 ▲ $17.125M ▼
Q3-2024 $24.494M $14.618M $3.997M 16.318% $0.29 $17.137M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $6.916M ▲ $568.037M ▼ $409.463M ▲ $158.574M ▼
Q2-2025 $6.554M ▼ $573.016M ▼ $407.864M ▲ $165.152M ▼
Q1-2025 $6.974M ▼ $573.482M ▼ $401.316M ▼ $172.166M ▼
Q4-2024 $7.097M ▲ $580.862M ▼ $401.321M ▼ $179.541M ▼
Q3-2024 $6.372M $584.33M $402.691M $181.639M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.016M ▼ $0 ▼ $0 ▲ $0 ▲ $0 ▲ $0 ▼
Q2-2025 $4.492M ▼ $13.685M ▲ $-8.786M ▼ $-5.319M ▲ $-420K ▼ $13.685M ▲
Q1-2025 $4.777M ▲ $11.611M ▼ $-1.897M ▲ $-9.837M ▼ $-123K ▼ $11.611M ▼
Q4-2024 $4.661M ▲ $13.153M ▲ $-2.712M ▼ $-9.716M ▼ $725K ▼ $13.153M ▲
Q3-2024 $3.997M $9.893M $-1.497M $-7.601M $795K $9.893M

Revenue by Products

Product Q2-2022Q3-2022Q4-2022Q1-2023
Product And Service Other
Product And Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown slowly but steadily over the past several years, which is what you would expect from a mature, lease‑based healthcare REIT. Profitability looks solid and fairly consistent, with operating income inching up over time rather than swinging wildly. The business seems to convert most of its rental income into gross profit, reflecting the benefit of long-term, often triple‑net leases where tenants cover many property costs. Net income is generally stable at a modest level, with one standout year in the recent past that looks more like a one‑off boost than a new normal. Earnings per share follow the same pattern: mostly steady, with a single spike that likely reflects special items rather than underlying growth. Overall, the income statement tells a story of slow, predictable progress rather than rapid expansion.

Balance Sheet

Balance Sheet The balance sheet shows a portfolio that has gradually grown over time, with total assets higher than they were several years ago. Debt has crept up along the way and now makes up a meaningful share of the capital structure, which is common for REITs that use borrowing to fund properties. Equity rose for a while and then eased back somewhat, suggesting that leverage has increased a bit in recent years. Cash on hand is quite small, again typical for a real estate trust that relies on steady rental receipts and credit facilities rather than holding large cash balances. The key takeaway is a capital structure that leans on debt but still has a solid asset base behind it—something to monitor in a higher interest rate environment, but not out of character for this type of business.

Cash Flow

Cash Flow Cash flow from operations is steady and comfortably positive, reflecting the reliability of rental income from healthcare tenants. After routine capital spending on the properties, the trust still generates positive free cash flow year after year. Capital expenditures themselves appear modest, which fits a model focused on owning and leasing completed facilities rather than heavy development. This pattern suggests the business is self‑funding for its ongoing needs and can support regular obligations, including debt service and distributions, without obvious strain. There is no sign in the data of cash flow volatility or heavy one‑time cash demands—stability is the main theme.

Competitive Edge

Competitive Edge UHT’s biggest competitive strength is its tight, long‑standing relationship with Universal Health Services, a major healthcare operator that serves as both a key tenant and strategic advisor. This creates a pipeline of potential properties, industry insight, and a highly dependable rent stream, giving UHT a built‑in anchor client that many landlords would envy. The portfolio is focused on essential healthcare facilities—hospitals, behavioral health centers, and medical office buildings—which tend to stay occupied through economic ups and downs. Long‑term, often triple‑net leases further support predictability, shifting many property costs to tenants. The main trade‑off is concentration risk: relying heavily on one major tenant ties UHT’s fortunes closely to that tenant’s health. While this relationship is a strength, it is also a point of vulnerability if anything were to weaken that partner over time. Diversification into more tenants and property types could gradually reduce this dependence.

Innovation and R&D

Innovation and R&D As a healthcare REIT, UHT is not an innovation leader in the traditional technology or R&D sense. Its core “innovation” is in structuring long‑term, tenant‑friendly leases and selecting properties that fit evolving healthcare delivery models. Most medical and digital technology at the properties is driven by tenants, not by UHT itself. That said, there are signs of measured innovation in areas like energy efficiency and building systems, including the use of smarter controls to cut operating costs. These improvements can quietly support margins and make properties more attractive to tenants. Looking ahead, the most important “innovation” for UHT is likely to be strategic: adapting the portfolio toward more outpatient and specialized facilities, improving energy and ESG practices, and incrementally broadening its tenant base while preserving its core stability.

Summary

Overall, UHT looks like a steady, income‑oriented healthcare landlord built around a single, very important tenant relationship. The income statement and cash flows emphasize consistency rather than rapid growth, with predictable rent, modest profit growth, and one clearly unusual earnings year that should not be over‑interpreted. The balance sheet shows a typical REIT profile: significant property assets funded by a mix of debt and equity, with leverage edging up but still supported by stable cash generation. The business model—essential healthcare properties on long‑term, often triple‑net leases—gives UHT a defensive character and resilience through economic cycles. The key opportunities lie in careful expansion, gradual tenant diversification, and incremental operational improvements, while the key risks center on tenant concentration and sensitivity to financing conditions. It is a conservative, stability‑focused story rather than a high‑growth or high‑innovation one.

NEWS

October 27, 2025 · 4:20 PM UTC

UNIVERSAL HEALTH REALTY INCOME TRUST REPORTS FINANCIAL RESULTS FOR THE THREE AND NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2025

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October 27, 2025 · 4:16 PM UTC

UNIVERSAL HEALTH SERVICES, INC. ANNOUNCES FINANCIAL RESULTS FOR THE THREE AND NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2025, INCREASES 2025 FULL YEAR OPERATING RESULTS FORECAST AND ANNOUNCES $1.5 BILLION INCREASE TO STOCK REPURCHASE PROGRAM AUTHORIZATION

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September 15, 2025 · 12:00 PM UTC

Universal Health Services, Inc. Appoints Darren Lehrich as Vice President of Investor Relations

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September 10, 2025 · 5:20 PM UTC

UNIVERSAL HEALTH REALTY INCOME TRUST ANNOUNCES DIVIDEND

Read more