secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL HEALTH REALTY INCOME TRUST (UHT)
CIK:        0000798783
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0000950170-23-014481
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798783/000095017023014481/0000950170-23-014481-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798783/000095017023014481/uht-20230425.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014481

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