Universal Health Realty Q4 net income falls on tenant vacancies

Reuters02-26
<a href="https://laohu8.com/S/UHS">Universal Health</a> Realty Q4 net income falls on tenant vacancies

Overview

  • Healthcare REIT's Q4 net income decreased due to tenant vacancies in Amarillo, Texas

  • FFO for Q4 slightly decreased but remained stable per share

  • Company begins development of new medical office building in Palm Beach Gardens, Florida

Outlook

  • Company expects Palm Beach Gardens Medical Plaza I completion in Q4 2026

  • Company highlights potential impact of interest rate increases on future results

  • Company notes potential risks from reduced federal Medicaid funding

Result Drivers

  • TENANT VACANCIES - Decreased income from a medical office building in Amarillo, Texas, due to lease expirations of two tenants

  • INTEREST EXPENSE REDUCTION - Decrease in interest expense due to lower average effective borrowing rate from interest rate swaps

  • NEW DEVELOPMENT - Commencement of construction for a new medical office building in Palm Beach Gardens, Florida, expected to complete in Q4 2026

Company press release: ID:nPn7jG8VXa

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 EPS

$0.31

Q4 Net Income

$4.32 mln

Q4 FFO

Beat

$11.74 mln

$0.62 (1 Analyst)

Q4 Basic EPS

$0.31

Q4 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 $43.00, about 1.3% below its February 24 closing price of $43.56

  • The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 22 three months ago

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.)

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