earnings
confidence high
sentiment negative
materiality 0.65
Q3 net income down to $3.9M ($0.28 diluted EPS) from $4.8M; FFO $0.81 vs $0.86
UNIVERSAL HEALTH REALTY INCOME TRUST
2023-Q3 EPS reported
$0.85
revenue$71,255,000
- Net income $3.9M ($0.28 diluted) vs $4.8M ($0.35) a year ago; decrease driven by interest expense increase.
- FFO $11.2M ($0.81 diluted) vs $11.8M ($0.86) in Q3 2022; nine-month net income $11.8M ($0.85) vs $15.5M ($1.12).
- Acquired McAllen Doctor's Center (79,500 sq ft) for $7.5M, 12-year master lease to UHS subsidiary, initial annual rent ~$624k.
- Borrowings $321.5M on $375M revolver; $50.4M available; Q3 dividend $0.72/share paid Sept 29.
- Sierra Medical Plaza I substantially completed; cost est. $35M; ongoing vacant property expenses ~$1.3M for 2023.