earnings
confidence high
sentiment neutral
materiality 0.55
UHT Q3 net income $5.3M ($0.39/diluted), FFO $12.6M ($0.92); secures $375M credit facility, updates leases
UNIVERSAL HEALTH REALTY INCOME TRUST
2021-Q3 EPS reported
$1.27
revenue$62,780,000
- Net income of $5.3M ($0.39/diluted) vs $5.2M ($0.38) in Q3 2020; FFO $12.6M ($0.92) vs $11.9M ($0.86).
- Credit agreement amended to $375M capacity (from $350M), maturity extended to July 2025; $276.8M outstanding.
- Entered agreement to sell Auburn Medical Office Building II (41k sq ft) in WA via 1031 exchange by Nov 1, 2021.
- UHS to substitute Inland Valley Campus leased hospital with two properties (acute care + behavioral) effective Dec 31, 2021.
- Kindred Hospital Chicago Central lease expires Dec 31, 2021; tenant not renewing; property being marketed.