UNIVERSAL HEALTH REALTY INCOME TRUST UHT
We are a real estate investment trust ("REIT") that commenced operations in 1986. We invest in healthcare and human service related facilities currently including acute care hospitals, behavioral health care hospitals, specialty facilities, free-standing emergency departments, childcare centers and medical/office buildings. As of February 25, 2026, we have seventy-seven real estate investments or commitments in twenty-one states consisting of:
•six hospital facilities consisting of three acute care hospitals and three behavioral health care hospitals;
•sixty-one medical/office buildings ("MOBs"), including four owned by unconsolidated limited liability companies ("LLCs")/limited liability partnerships ("LPs");
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $99.2M | $99.0M | $95.6M | $90.6M | $84.2M | $78.0M | $77.2M | $76.2M | $8.3M | $67.1M |
| Total operating expenses | $64.4M | $62.2M | $64.2M | $60.0M | $55.3M | $52.0M | $51.4M | $49.5M | $48.3M | $45.0M |
| Operating income | $34.8M | $36.8M | $31.3M | $30.7M | $28.9M | $26.0M | $25.8M | $26.7M | $24.0M | $22.1M |
| Interest expense | $18.9M | $18.8M | $16.9M | $10.8M | $8.8M | $8.3M | $10.5M | $10.0M | $10.1M | $9.4M |
| Net income | $17.6M | $19.2M | $15.4M | $21.1M | $109.2M | $19.4M | $19.0M | $24.2M | $45.6M | $17.2M |
| EPS, basic | 1.27 | 1.39 | 1.12 | 1.53 | 7.94 | 1.42 | 1.38 | 1.76 | 3.35 | 1.28 |
| EPS, diluted | 1.27 | 1.39 | 1.11 | 1.53 | 7.92 | 1.41 | 1.38 | 1.76 | 3.35 | 1.28 |
| Shares, diluted (wtd. avg.) | $13.9M | $13.8M | $13.8M | $13.8M | $13.8M | $13.8M | $13.8M | $13.7M | $13.6K | $13.5K |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $6.7M | $7.1M | $8.2M | $7.6M | $22.5M | $5.7M | $6.1M | $5.0M | $3.4M | $3.9M |
| Other intangibles | $5.6M | $7.3M | $9.1M | $9.4M | $10.0M | $11.7M | $14.6M | $17.4M | $20.6M | $23.8M |
| Total assets | $564.9M | $580.9M | $596.4M | $607.5M | $598.4M | $494.0M | $488.8M | $483.8M | $490.0M | $524.8M |
| Long-term debt | $374.8M | $368.4M | $359.7M | $343.1M | $329.1M | $295.4M | $274.1M | $261.7M | $256.8M | $315.7M |
| Total liabilities | $412.5M | $401.3M | $395.4M | $378.4M | $363.1M | $335.0M | $307.1M | $285.1M | $279.4M | $333.5M |
| Retained earnings | $862.9M | $845.3M | $826.1M | $810.7M | $789.6M | $680.7M | $661.3M | $642.3M | $618.1M | $572.5M |
| Total equity | $152.4M | $179.5M | $200.9M | $229.1M | $235.3M | $159.0M | $181.7M | $198.6M | $210.6M | $191.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $49.1M | $46.9M | $42.9M | $46.8M | $47.7M | $44.2M | $42.7M | $42.9M | $46.0M | $40.7M |
| Depreciation and amortisation | $28.9M | $27.4M | $27.7M | $26.6M | $27.5M | $25.6M | $25.9M | $25.0M | $25.1M | $23.0M |
| Stock-based compensation | $936.0K | $853.0K | $780.0K | $780.0K | $947.0K | $912.0K | $702.0K | $571.0K | $538.0K | $481.0K |
| Capital expenditure | — | — | $7.6M | $13.6M | $13.0M | $2.3M | $5.1M | $4.1M | $9.0M | $60.4M |
| Investing cash flow | -$15.0M | -$13.9M | -$19.1M | -$36.7M | -$24.4M | -$27.2M | -$16.5M | -$8.0M | $39.5M | -$74.8M |
| Financing cash flow | -$34.5M | -$34.1M | -$23.2M | -$25.0M | -$6.5M | -$17.4M | -$25.1M | -$33.3M | -$86.0M | $34.1M |
| Dividends paid | $41.0M | $40.4M | $39.8M | $39.2M | $38.5M | $38.0M | $37.4M | $36.8M | $36.1M | $35.1M |
| Buybacks | — | — | — | — | — | $235.0K | $221.0K | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-183412.
Others in SIC 6798
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|---|---|---|---|---|
| WELL | WELLTOWER INC. | $166.72B | 169.9x | 40.2% |
| PLD | Prologis, Inc. | $128.05B | 38.6x | 7.2% |
| EQIX | EQUINIX INC | $102.22B | 75.3x | 5.4% |
| AMT | AMERICAN TOWER CORP /MA/ | $81.93B | 32.6x | 20.8% |
| SPG | SIMON PROPERTY GROUP INC. | $67.86B | 14.8x | 6.7% |
| DLR | DIGITAL REALTY TRUST, INC. | $66.20B | 52.6x | 10.0% |
| O | REALTY INCOME CORP | $57.96B | 52.4x | 9.1% |
| PSA | Public Storage | $53.04B | 33.5x | 2.7% |