Universal Health Realty Income Trust (UHT) 10-Year Financial Performance & Capital Metrics

UHT • • REIT / Real Estate

Real EstateHealthcare REITsHospital & Acute Care REITsHospital Facility Owners

AboutUniversal Health Realty Income Trust, a real estate investment trust, invests in healthcare and human service related facilities including acute care hospitals, rehabilitation hospitals, sub-acute care facilities, medical/office buildings, free-standing emergency departments and childcare centers. We have investments in seventy-one properties located in twenty states, including two that are currently under construction.Show more

Revenue $99M +3.6%
FFO $47M +8.2%
FFO/Share 3.37 +8.0%
FFO Payout 86.58% -6.1%
FFO per Share 3.37 +8.0%
NOI Margin 94.46%
FFO Margin 47.12% +4.4%
ROE 10.11% +41.2%
ROA 3.27% +27.7%
Debt/Assets 65.28% +5.1%
Net Debt/EBITDA 5.79 -5.5%
Book Value/Share 12.97 -10.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓13 consecutive years of dividend growth
✓High NOI margin of 94.5%

✗Weaknesses

✗High debt to equity ratio of 2.1x
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.17%

5Y5.11%

3Y5.55%

TTM0.68%

Profit (Net Income) CAGR

10Y-9.39%

5Y0.28%

3Y-43.94%

TTM-1.21%

EPS CAGR

10Y-10.01%

5Y0.14%

3Y-44.01%

TTM-1.53%

ROCE

10Y Avg9.81%

5Y Avg11.54%

3Y Avg12.28%

Latest15.44%

Peer Comparison

Hospital Facility Owners

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UHTUniversal Health Realty Income Trust	555.5M	40.04	28.81	3.6%	18.06%	11.32%	8.44%	2.11
MPWMedical Properties Trust, Inc.	3.1B	5.16	-1.28	14.19%	-75.5%	-15.18%	7.91%	1.86

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	63.95M	67.08M	72.35M	76.21M	77.16M	78.01M	84.19M	90.63M	95.58M	99.01M
Revenue Growth %	0.07%	0.05%	0.08%	0.05%	0.01%	0.01%	0.08%	0.08%	0.05%	0.04%
Property Operating Expenses	2.81M	3.26M	3.58M	3.81M	3.97M	4.14M	4.41M	5.1M	5.32M	5.48M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	40.5M	41.7M	44.73M	45.7M	47.44M	47.87M	50.92M	54.86M	58.9M	56.73M
G&A Expenses	2.81M	3.26M	3.58M	3.81M	3.97M	4.14M	0	0	0	0
EBITDA+	42.84M	45.12M	49.15M	51.68M	51.62M	51.59M	56.34M	57.22M	59.08M	64.22M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	22.2M	23.01M	25.12M	24.98M	25.87M	25.58M	27.48M	26.56M	27.73M	27.42M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	20.64M	22.11M	24.04M	26.7M	25.75M	26M	28.86M	30.67M	31.35M	36.8M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	8.22M	9.36M	10.06M	9.67M	10.53M	8.26M	8.81M	10.76M	22.03M	23.83M
Interest Coverage	2.51x	2.36x	2.39x	2.76x	2.44x	3.15x	3.28x	2.85x	1.42x	1.54x
Non-Operating Income	-11.28M	-4.46M	-31.64M	-7.16M	-3.75M	-1.71M	-89.11M	-1.19M	-6.08M	-6.27M
Pretax Income+	23.69M	17.21M	45.62M	24.2M	18.96M	19.45M	109.17M	21.1M	15.4M	19.23M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	23.69M	17.21M	45.62M	24.2M	18.96M	19.45M	109.17M	21.1M	15.4M	19.23M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.54%	-0.27%	1.65%	-0.47%	-0.22%	0.03%	4.61%	-0.81%	-0.27%	0.25%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.37%	-0.12%	0.76%	-0.3%	-0.09%	0%	2.03%	-0.65%	-0.09%	0.08%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	1.78	1.28	3.35	1.76	1.38	1.41	7.92	1.53	1.11	1.39
EPS Growth %	-0.55%	-0.28%	1.62%	-0.47%	-0.22%	0.02%	4.62%	-0.81%	-0.27%	0.25%
EPS (Basic)	1.78	1.28	3.35	1.76	1.38	1.42	7.94	1.53	1.12	1.39
Diluted Shares Outstanding	13.3M	13.47M	13.63M	13.72M	13.75M	13.77M	13.78M	13.79M	13.81M	13.84M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	458.9M	524.75M	490.01M	483.76M	488.79M	494.01M	598.42M	607.54M	596.37M	580.86M
Asset Growth %	0.07%	0.14%	-0.07%	-0.01%	0.01%	0.01%	0.21%	0.02%	-0.02%	-0.03%
Real Estate & Other Assets+	397.25M	-518.19M	-484.12M	-475.4M	441.66M	452.63M	450.12M	472.3M	461.37M	443.67M
PP&E (Net)	390.5M	447.24M	446.4M	437.73M	8.94M	8.91M	11.49M	11.46M	10.95M	10.92M
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Current Assets+	10.3M	11.54M	12.49M	15.24M	16.71M	16.45M	116.69M	105.05M	105.84M	105M
Cash & Equivalents	3.89M	3.93M	3.39M	5.04M	6.11M	5.74M	22.5M	7.61M	8.21M	7.1M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	0	0	0	0	0	0	0
Intangible Assets	19.76M	23.82M	20.56M	17.41M	14.55M	11.74M	9.97M	0	0	7.33M
Total Liabilities	263.86M	333.47M	279.45M	285.15M	307.06M	335M	363.09M	378.44M	395.44M	401.32M
Total Debt+	252.7M	315.72M	256.41M	261.28M	282.64M	304.01M	340.26M	354.28M	370.41M	379.17M
Net Debt	248.81M	311.79M	253.02M	256.25M	276.53M	298.27M	317.76M	346.67M	362.2M	372.07M
Long-Term Debt	252.31M	315.72M	256.41M	261.28M	60.74M	58.9M	56.87M	44.73M	32.86M	19.35M
Short-Term Borrowings	1000K	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	0	8.94M	8.91M	11.49M	11.46M	10.95M	10.92M
Total Current Liabilities+	149.46M	213.94M	193.78M	208.62M	226.21M	256.35M	284.4M	311.35M	340.59M	360.04M
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Liabilities	-137.91M	7.18M	12.21M	13.91M	11.15M	10.84M	10.33M	10.91M	11.04M	11.02M
Total Equity+	195.04M	503.06M	463.58M	454.86M	181.73M	159M	235.33M	229.1M	200.93M	179.54M
Equity Growth %	-0.05%	1.58%	-0.08%	-0.02%	-0.6%	-0.13%	0.48%	-0.03%	-0.12%	-0.11%
Shareholders Equity	195.04M	191.28M	210.56M	198.61M	181.73M	159M	235.33M	229.1M	200.93M	179.54M
Minority Interest	0	311.79M	253.02M	256.25M	0	0	0	0	0	0
Common Stock	133K	136K	137K	137K	138K	138K	138K	138K	138K	138K
Additional Paid-in Capital	241.7M	255.66M	265.33M	266.03M	266.72M	267.37M	268.51M	269.47M	270.4M	271.09M
Retained Earnings	-46.7M	-64.62M	-55.05M	-67.69M	661.28M	-104.69M	789.56M	810.66M	826.06M	-98.1M
Preferred Stock	0	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	0.05%	0.04%	0.09%	0.05%	0.04%	0.04%	0.2%	0.03%	0.03%	0.03%
Return on Equity (ROE)	0.12%	0.05%	0.09%	0.05%	0.06%	0.11%	0.55%	0.09%	0.07%	0.1%
Debt / Assets	0.55%	0.6%	0.52%	0.54%	0.58%	0.62%	0.57%	0.58%	0.62%	0.65%
Debt / Equity	1.30x	0.63x	0.55x	0.57x	1.56x	1.91x	1.45x	1.55x	1.84x	2.11x
Net Debt / EBITDA	5.81x	6.91x	5.15x	4.96x	5.36x	5.78x	5.64x	6.06x	6.13x	5.79x
Book Value per Share	14.66	37.35	34.02	33.15	13.22	11.55	17.08	16.61	14.55	12.97

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	38.18M	40.73M	46.01M	42.93M	42.65M	44.21M	47.73M	46.8M	43.47M	46.91M
Operating CF Growth %	0.16%	0.07%	0.13%	-0.07%	-0.01%	0.04%	0.08%	-0.02%	-0.07%	0.08%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	23.69M	17.21M	45.62M	24.2M	18.96M	19.45M	109.17M	21.1M	15.4M	19.23M
Depreciation & Amortization	22.2M	23.01M	25.09M	24.76M	25.67M	25.39M	27.3M	27.13M	27.73M	28.01M
Stock-Based Compensation	427K	481K	538K	571K	702K	912K	947K	780K	0	853K
Other Non-Cash Items	-8.97M	-852K	-2.94M	-5.97M	-1.14M	-258K	-87.95M	-50K	2.09M	0
Working Capital Changes	829K	881K	4.89M	-634K	404K	-1.29M	-1.73M	-2.15M	-1.75M	-1.19M
Cash from Investing+	-44.31M	-74.83M	39.46M	-7.96M	-16.47M	-27.21M	-24.43M	-36.67M	-19.87M	-13.88M
Acquisitions (Net)	-2.92M	-5.45M	-8.42M	-820K	-2.13M	-3.2M	-19.84M	-94K	-7.62M	-5.89M
Purchase of Investments	-667K	-5.45M	-532K	-820K	-14.45M	0	0	-22.58M	-19.64M	0
Sale of Investments	-1000K	-1000K	1000K	-1000K	1000K	0	0	1000K	1000K	0
Other Investing	-20.49M	851K	5.83M	4.34M	2.45M	-21.74M	8.41M	-22.96M	0	-7.98M
Cash from Financing+	6.16M	34.14M	-86.01M	-33.32M	-25.11M	-17.37M	-6.54M	-25.02M	-23.01M	-34.15M
Dividends Paid	-34.09M	-35.14M	-36.05M	-36.83M	-37.41M	-37.97M	-38.53M	-39.18M	-39.77M	-40.39M
Common Dividends	-34.09M	-35.14M	-36.05M	-36.83M	-37.41M	-37.97M	-38.53M	-39.18M	0	-40.39M
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Share Repurchases	0	0	0	0	-221K	-267K	0	0	0	-131K
Other Financing	-1.19M	-337K	-446K	-1.67M	177K	-467K	-1.84M	-26K	0	-2.38M
Net Change in Cash+	33K	36K	-543K	1.65M	1.07M	-368K	16.76M	-14.89M	598K	-1.11M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	3.86M	3.89M	3.93M	3.39M	5.04M	6.11M	5.74M	22.5M	7.61M	8.21M
Cash at End	3.89M	3.93M	3.39M	5.04M	6.11M	5.74M	22.5M	7.61M	8.21M	7.1M
Free Cash Flow+	21.41M	-19.66M	36.97M	38.88M	37.55M	41.94M	34.74M	33.19M	43.47M	46.91M
FCF Growth %	0.25%	-1.92%	2.88%	0.05%	-0.03%	0.12%	-0.17%	-0.04%	0.31%	0.08%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	3.45	2.99	5.19	3.58	3.26	3.27	9.92	3.45	3.12	3.37
FFO Payout Ratio	74.29%	87.36%	50.97%	74.9%	83.44%	84.33%	28.2%	82.2%	92.19%	86.58%
NOI Margin	95.61%	95.14%	95.06%	95.01%	94.85%	94.69%	94.77%	94.38%	94.43%	94.46%
Net Debt / EBITDA	5.81x	6.91x	5.15x	4.96x	5.36x	5.78x	5.64x	6.06x	6.13x	5.79x
Debt / Assets	55.07%	60.17%	52.33%	54.01%	57.82%	61.54%	56.86%	58.31%	62.11%	65.28%
Interest Coverage	2.51x	2.36x	2.39x	2.76x	2.44x	3.15x	3.28x	2.85x	1.42x	1.54x
Book Value / Share	14.66	37.35	34.02	33.15	13.22	11.55	17.08	16.61	14.55	12.97
Revenue Growth	6.96%	4.9%	7.85%	5.34%	1.25%	1.1%	7.92%	7.64%	5.46%	3.6%

Revenue by Segment

	2018	2019	2020	2021	2022
Product and Service, Other	-	-	-	-	2.25M
Product and Service, Other Growth	-	-	-	-	-
Product And Service Other	-	1.18M	995K	1.08M	-
Product And Service Other Growth	-	-	-15.75%	8.44%	-
Tenant Reimbursements And Other	11.94M	-	-	-	-
Tenant Reimbursements And Other Growth	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Universal Health Realty Income Trust (UHT) has a price-to-earnings (P/E) ratio of 28.8x. This suggests investors expect higher future growth.

Growth & Financials

Universal Health Realty Income Trust (UHT) reported $99.4M in revenue for fiscal year 2024. This represents a 237% increase from $29.5M in 2011.

Universal Health Realty Income Trust (UHT) grew revenue by 3.6% over the past year. Growth has been modest.

Yes, Universal Health Realty Income Trust (UHT) is profitable, generating $17.9M in net income for fiscal year 2024 (19.4% net margin).

Dividend & Returns

Yes, Universal Health Realty Income Trust (UHT) pays a dividend with a yield of 7.29%. This makes it attractive for income-focused investors.

Universal Health Realty Income Trust (UHT) has a return on equity (ROE) of 10.1%. This is reasonable for most industries.

Industry Metrics

Universal Health Realty Income Trust (UHT) generated Funds From Operations (FFO) of $46.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Universal Health Realty Income Trust (UHT) offers a 7.29% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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