---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-014481"
form_type: "8-K"
ticker: "UHT"
cik: "0000798783"
company_name: "UNIVERSAL HEALTH REALTY INCOME TRUST"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:42:30.025141+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-014481
- form_type: 8-K
- ticker: UHT
- cik: 0000798783
- company_name: UNIVERSAL HEALTH REALTY INCOME TRUST
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798783/000095017023014481/0000950170-23-014481-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798783/000095017023014481/uht-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-014481
- JSON: https://secwatch.observer/filing/0000950170-23-014481.json
- Plain text: https://secwatch.observer/filing/0000950170-23-014481.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/798783/000095017023014481/0000950170-23-014481-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.