earnings
confidence high
sentiment neutral
materiality 0.65
UHT Q4 2021 FFO $0.93, adjusted EPS $0.41; closed $82.4M asset swap with UHS
UNIVERSAL HEALTH REALTY INCOME TRUST
2021-FY EPS reported
$7.92
revenue$84,190,000
- Q4 net income $91.6M ($6.65/sh) includes $86.0M gain on divestitures; adjusted net income $5.6M ($0.41) vs $5.0M ($0.36) YoY.
- Q4 FFO $12.9M ($0.93/diluted) vs $11.8M ($0.85) YoY; full-year FFO $50.9M ($3.69) vs $46.2M ($3.36).
- Exchanged Inland Valley Campus ($79.6M) for Aiken Regional Medical Center and Canyon Creek Behavioral Health ($82.4M); gain $68.4M.
- Purchased 5% minority interest in Grayson Properties LP for ~$3.1M; now 100% owner of Texoma Medical Plaza.
- Three vacant specialty facilities expected to incur ~$2.5M annual operating expenses in 2022.