UHT Q1 2023 net income $4.5M ($0.32) vs $5.4M ($0.39) YoY; FFO $0.82 vs $0.90

UNIVERSAL HEALTH REALTY INCOME TRUST

2023-Q1 EPS reported $0.32 revenue$23,226,000

Net income down $946k to $4.5M ($0.32 diluted) from $5.4M ($0.39) in Q1 2022.
FFO decreased to $11.4M ($0.82) from $12.4M ($0.90) driven by higher interest expense and demolition costs.
Interest expense increased $1.5M due to higher average borrowing rate and outstanding borrowings.
Demolition of vacant Chicago facility incurred $265k in Q1; total $597k to date, expected cost ~$1.4M.
New Sierra Medical Plaza I substantially completed in March 2023; est. cost $34.6M, $22.3M incurred.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNIVERSAL HEALTH REALTY INCOME TRUST reported the three-month period ended March 31, 2023 results: net income $4.5 million, EPS $.32 per diluted share.

Period: the three-month period ended March 31, 2023
Net income: $4.5 million
EPS: $.32 per diluted share
Result: reported results

Exact text from the filing

Universal Health Realty Income Trust (NYSE:UHT) announced today that for the three-month period ended March 31, 2023, net income was $4.5 million, or $.32 per diluted share

View on SEC.gov

Browse all earnings releases →

UNIVERSAL HEALTH REALTY INCOME TRUST filing history →

Source: SEC EDGAR

accession 0000950170-23-014481

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.