Business
UNIVERSAL HEALTH REALTY INCOME TRUST REPORTS FINANCIAL RESULTS FOR THE THREE AND SIX-MONTH PERIODS ENDED JUNE 30, 2025
Universal Health Realty Income Trust (NYSE:UHT) announced today that for the three-month period ended June 30, 2025, net income was $4.5 million, or $.32 per diluted share, as compared to $5.3 million, or $.38 per diluted share, during the second quarter of 2024.
About this update from Universal Health Realty Income Trust
[{"type":"text","content":"Consolidated Results of Operations - Three-Month Periods Ended June 30, 2025 and 2024:","length":86,"tagName":"p"},{"type":"text","content":"KING OF PRUSSIA, Pa., July 28, 2025 /PRNewswire/ -- Universal Health Realty Income Trust (NYSE:UHT) announced today that for the three-month period ended June 30, 2025, net income was $4.5 million, or $.32 per diluted share, as compared to $5.3 million, or $.38 per diluted share, during the second quarter of 2024.","length":315,"tagName":"p"},{"type":"text","content":"The decrease in our net income of $784,000, or $.06 per diluted share, during the second quarter of 2025, as compared to the second quarter of 2024, consisted of the following: (i) a decrease of $563,000, or $.04 per diluted share, related to a property tax reduction recorded during the second quarter of 2024 at our property located in Chicago, Illinois; (ii) a decrease of $137,000, or $.01 per diluted share, resulting from an increase in interest expense due primarily to an increase in our average borrowings outstanding pursuant to our credit agreement, and; (iii) a decrease of $84,000, or $.01 per diluted share, resulting from an aggregate net decrease in the income generated at various properties.","length":709,"tagName":"p"},{"type":"text","content":"As calculated on the attached Schedule of Non-GAAP Supplemental Information ("Supplemental Schedule"), our funds from operations ("FFO") were $11.8 million, or $.85 per diluted share, during the second quarter of 2025, as compared to $12.4 million, or $.90 per diluted share, during the second quarter of 2024. The decrease of $591,000, or $.05 per diluted share, was due primarily to the above-mentioned decrease in our net income during the second quarter of 2025, as compared to the second quarter of 2024, partially offset by a $193,000 increase in depreciation and amortization expense.","length":611,"tagName":"p"},{"type":"text","content":"Consolidated Results of Operations - Six-Month Periods Ended June 30, 2025 and 2024:","length":84,"tagName":"p"},{"type":"text","content":"For the six-month period ended June 30, 2025, net income was $9.3 million, or $.67 per diluted share, as compared to $10.6 million, or $.76 per diluted share, during the comparable period of 2024.","length":196,"tagName":"p"},{"type":"text","content":"The decrease in our net income of $...