other material
confidence high
sentiment neutral
materiality 0.70
UHT swaps Inland Valley campus for two hospital properties; new 12-year leases with UHS subsidiaries
UNIVERSAL HEALTH REALTY INCOME TRUST
- Sold Inland Valley Campus to UHS at $79.6M fair value; acquired ARMC ($57.7M) and Canyon Creek ($24.7M) plus $2.8M cash.
- New 12-year leases (thru 2033) with UHS subsidiaries; initial annual rent $3.9M (ARMC) and $1.7M (Canyon Creek), 2.25% annual escalator.
- UHS guarantees all lease obligations; transaction structured as like-kind exchange under IRC Section 1031.
- UHS owns 5.7% of UHT shares; officers and directors have ties to UHS.