Universal Health Realty Income Trust Q2 net income rises on higher property income - UHT News | RalliesUniversal Health Realty Income Trust Q2 net income rises on higher property income
U
UHT• Result drivers
- Property income - The company said increased income at various properties contributed $422,000 to higher adjusted net income in Q2.
- Interest expense - A decrease in the average effective borrowing rate led to $269,000 lower interest expense in Q2.
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.
Outlook and risks
- The company expects Miller Medical Plaza construction to be completed in December 2026 at a cost of $34 million.
- The company said additional interest rate increases could unfavorably affect future results.
- It also cited industry risks including reduced Medicaid funding, staffing shortages and supply disruptions.
Quarterly results
- U.S. healthcare REIT's Q2 net income and adjusted net income rose year over year.
- Q2 funds from operations increased from the prior year.
| 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 | |
