Universal Health Realty Income Trust Q2 net income rises on higher property income
Universal Health Realty Income Trust Q2 net income rises on higher property income
Overview
U.S. healthcare REIT's Q2 net income and adjusted net income rose yr/yr
Q2 funds from operations increased from prior year
Company recorded a one-time gain from Chicago land sale in Q2
Outlook
Company expects Miller Medical Plaza construction to complete in Dec 2026 at $34 mln cost
Company says additional interest rate increases could unfavorably impact future results
Company notes industry risks including reduced Medicaid funding, staffing shortages, and supply disruptions
Result Drivers
PROPERTY INCOME - Co said increased income at various properties contributed $422,000 to higher adjusted net income in Q2
INTEREST EXPENSE - Decrease in average effective borrowing rate led to $269,000 lower interest expense in Q2
Company press release: ID:nPn4pbmrLa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS |
| $0.43 |
|
Q2 Net Income |
| $5.91 mln |
|
Q2 FFO | Beat | $12.50 mln | $0.86 (1 Analyst) |
Q2 Basic EPS |
| $0.43 |
|
Q2 Dividend |
| $0.75 |
|
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Universal Health Realty Income Trust is $42.00, about 4.2% below its July 24 closing price of $43.83
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on Universal Health Realty Income Trust
See all newsUniversal Health Realty Income Trust Q3 profit rises, helped by lower interest costs
Brief: Universal Health Realty Income Trust Q3 EPS USD 0.35
Universal Health Realty Income Trust Q2 net income rises on higher property income
Brief: Universal Health Realty Income Trust Q2 EPS USD 0.43
Brief: Universal Health Realty Income Trust Announces Dividend Increase