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Universal Health Realty Income Trust recorded a stable net income of USD 4 million in its recent quarter, with earnings per share unchanged at USD 0.29. The company's funds from operations increased by USD 908,000, primarily due to a one-time settlement related to a medical office building. A nonrecurring depreciation expense of USD 900,000 impacted overall income. Universal Health Realty also announced a new building project in Palm Beach Gardens, Florida, though no specific financial guidance was provided for the upcoming periods.
Universal Health Realty Income Trust reported a steady financial performance for the recent quarter, posting a net income of USD 4.01 million, in line with the prior period, and maintaining its basic earnings per share at USD 0.29. The company's funds from operations rose by USD 908,000, supported by a one-time settlement that contributed USD 275,000 to the net income. However, a nonrecurring depreciation expense of USD 900,000 had a dampening effect on the overall results. Advertisement
In its announcement, the company also revealed plans for a new building project in Palm Beach Gardens, Florida, indicating continued investment in its healthcare real estate portfolio. Despite these developments, the management refrained from issuing financial guidance for upcoming periods, leaving investors without a forward outlook.
Analyst sentiment towards the stock remains conservative, with the single available rating suggesting a "hold" recommendation. The broader specialised REITs peer group, however, carries an average consensus of "buy." On the market front, Wall Street's median 12-month price target for Universal Health Realty stands at USD 41.00, around 11.2% higher than its recent closing price of USD 36.41. The stock is currently trading at 22 times the next 12-month earnings, compared to a price-to-earnings ratio of 24 observed three months ago.
Universal Health Realty's latest quarterly results reflected financial stability, supported by a one-off settlement that offset the effects of higher depreciation expenses. The announcement of a new development project in Florida underscores its continued focus on healthcare property expansion. With analysts maintaining a "hold" stance and the share valuation showing slight moderation, the trust appears to be pursuing a measured approach to growth while sustaining shareholder returns.
Source - Reuters
5th Jun, 2025
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