Universal Health Realty Income Trust reported net income of $5.9 million, or $0.43 per diluted share, for the quarter ended June 30, 2026, and $10.9 million, or $0.79 per diluted share, for the six months ended June 30, 2026. Adjusted net income for Q2 2026, excluding a $724,000 gain on sale of land, was $5.2 million, or $0.37 per diluted share; six-month adjusted net income was $10.2 million, or $0.74 per diluted share. Funds from operations (FFO) were $12.5 million ($0.90 per diluted share) for Q2 2026 and $24.8 million ($1.79 per diluted share) for the six months.

Financial Highlights

  • Net income (Q2 2026): $5.9 million; diluted EPS: $0.43.
  • Adjusted net income (Q2 2026, excluding land sale gain): $5.183 million; adjusted diluted EPS: $0.37.
  • Funds from operations (FFO) (Q2 2026): $12.508 million; FFO per diluted share: $0.90.
  • Net income (six months ended June 30, 2026): $10.926 million; diluted EPS: $0.79; six-month adjusted net income: $10.202 million; adjusted diluted EPS: $0.74.
  • FFO (six months ended June 30, 2026): $24.774 million; FFO per diluted share: $1.79.

Business Highlights

  • Sale of land: In June 2026 one parcel (≈14% of acreage) in Chicago sold for $746,000 net proceeds, generating a gain of ~$724,000 recorded in Q2 2026.
  • Credit facility: First amendment to the second amended and restated credit agreement increased borrowing capacity to $475 million (from $425 million) in April 2026; maturity remains September 30, 2028 with options to extend twice for six months each.
  • Liquidity position: As of June 30, 2026, $109.4 million of available borrowing capacity under the $475 million credit agreement, net of $365.6 million outstanding borrowings.
  • Miller Medical Plaza development: Ground lease executed in Oct 2025 with a UHS subsidiary to develop an 80,000 sq ft medical office building on the Alan B. Miller Medical Center campus; construction began Feb 2026, expected completion Dec 2026, estimated cost ~$34 million; a UHS subsidiary has a 10-year master flex lease for ~75% of rentable square feet (commencing upon completion, subject to reductions for third-party leases).
  • Operational footprint: Company has investments or commitments in 77 properties across 21 states and continues to engage UHS-affiliated entities for project management and advisory services.

Original SEC Filing:

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