Universal Health Realty Income Trust reported an increase in net income for the third quarter of 2026, primarily driven by a decrease in interest expenses and favorable comparisons to nonrecurring depreciation in the prior year. Funds from operations (FFO) remained stable year-over-year, while the Trust continued progress on its Florida medical office development and strategic land divestitures in Chicago.
Key Highlights
- Net income reached $4.9 million, or $0.35 per diluted share, compared to $4.0 million, or $0.29 per diluted share, in the third quarter of 2025.
- Funds from operations (FFO) stood at $12.3 million, or $0.88 per diluted share, maintaining parity with the same period last year.
- Total revenue remained flat at $25.3 million as slight increases in lease revenue from UHS facilities were offset by lower other revenues from non-related parties.
- Construction of the $34 million Miller Medical Plaza in Florida is scheduled for December 2026 completion, with a UHS subsidiary pre-leasing 75% of the space.