KING OF PRUSSIA, PA — Universal Health Realty Income Trust (NYSE: UHT) has announced its financial performance for the first quarter of 2025, reporting net income of $4.8 million, or $0.34 per diluted share. This marks a decrease from the $5.3 million, or $0.38 per diluted share, posted during the same period in 2024.
The $523,000 decline in net income was attributed to a $401,000 reduction in property-related income and a $122,000 rise in interest expenses. The higher interest expense reflects increased average borrowings and an uptick in the effective borrowing rate under the company’s credit agreement.
Funds from operations (FFO)—a key metric for real estate investment trusts—totaled $11.9 million, or $0.86 per diluted share, reflecting a $483,000 decrease from the $12.4 million, or $0.90 per diluted share, reported in Q1 2024. The reduction in FFO was primarily driven by the drop in net income for the quarter.
Dividend and Capital Resources
During the first quarter, UHT declared a dividend of $0.735 per share, amounting to $10.2 million in total. The dividend was paid on March 31, 2025, following its declaration on March 11, 2025.
As of March 31, 2025, the company had $75.5 million in available borrowing capacity under its $425 million credit agreement, which extends through September 30, 2028. UHT retains the option to extend the agreement for up to two six-month periods.
With a continued focus on effective capital management and shareholder returns, Universal Health Realty Income Trust remains positioned for long-term operational stability and financial health.
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