earnings
confidence high
sentiment negative
materiality 0.60
UHT Q2 2022 net income falls to $5.2M ($0.38/diluted) from $6.6M; FFO down to $0.88 from $0.92
UNIVERSAL HEALTH REALTY INCOME TRUST
2022-Q2 EPS reported
$0.77
revenue$44,346,000
- Net income $5.2M ($0.38/diluted) vs $6.6M ($0.48) in Q2 2021; adjusted net income virtually flat at $0.39/diluted.
- FFO $12.2M ($0.88/diluted) vs $12.6M ($0.92) in prior year; decline driven by vacant Chicago specialty hospital expenses and higher interest.
- Q2 2022 dividend declared $0.71/share, paid June 30, 2022.
- As of June 30, $284.3M outstanding on $375M revolver; $87.5M available borrowing capacity.
- Estimates $1.3M operating expenses in H2 2022 for three vacant specialty facilities; lease on Chicago facility expired Dec 2021.