secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL HEALTH REALTY INCOME TRUST (UHT)
CIK:        0000798783
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000950170-23-055221
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q3 net income down to $3.9M ($0.28 diluted EPS) from $4.8M; FFO $0.81 vs $0.86
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798783/000095017023055221/0000950170-23-055221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798783/000095017023055221/uht-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-055221

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