Universal Health Realty reported Q4 2025 net income of $4.3 million ($0.31 per diluted share), down from $4.7 million ($0.34) in Q4 2024 due to a $610,000 decrease in income from a vacated Amarillo medical office building, partly offset by $273,000 in lower interest expense. Funds from operations for the quarter were $11.74 million ($0.85 per diluted share), compared to $11.76 million ($0.85) a year earlier.

For the year ended December 31, 2025, net income declined to $17.6 million ($1.27 per diluted share) from $19.2 million ($1.39) in 2024, reflecting a $1.0 million net decrease in property income—including a $900,000 nonrecurring depreciation charge—and a $610,000 reduction related to a prior-year property tax benefit in Chicago. Full-year FFO edged down to $47.7 million ($3.44 per share) from $47.9 million ($3.46).

The trust declared a fourth-quarter dividend of $0.745 per share, totaling $10.3 million, paid on December 31, 2025. As of December 31, 2025, UHT had $68.8 million of available borrowing capacity under its $425 million credit agreement, with $356.2 million drawn and the option to extend the facility up to two additional six-month periods.

In October 2025, UHT entered a ground lease to develop Palm Beach Gardens Medical Plaza I, an 80,000 square-foot medical office building on the Alan B. Miller Medical Center campus. Construction began in February 2026, with completion expected in Q4 2026 at an estimated cost of $34 million; a UHS subsidiary has a 10-year master flex lease for approximately 75% of the space, subject to third-party leasing.