Universal Health Realty Income Trust, a real estate investment trust, invests in healthcare and human service related facilities including acute care hospitals, behavioral healthcare facilities, rehabilitation hospitals, sub-acute care facilities, surgery centers, childcare centers and medical office buildings. The Trust has seventy-one investments in twenty states.

Company profile
Ticker
UHT
Exchange
Website
CEO
Alan Miller
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
3811 Bell Medical Properties, LLC • 2700 Fire Mesa, LLC • 5004 Pool Road Properties, LP • 653 Town Center Investments, LLC • 653 Town Center Phase II, LLC • 73 Medical Building, LLC • ApaMed Properties, LLC • Arlington Medical Properties, LLC • Auburn Medical Properties II, LLC • Banburry Medical Properties, LLC ...
IRS number
236858580
UHT stock data
Press releases
UNIVERSAL HEALTH REALTY INCOME TRUST REPORTS 2022 SECOND QUARTER FINANCIAL RESULTS
25 Jul 22
UNIVERSAL HEALTH SERVICES, INC. REPORTS 2022 SECOND QUARTER FINANCIAL RESULTS
25 Jul 22
UNIVERSAL HEALTH SERVICES, INC. PROVIDES UPDATE ON OPERATING RESULTS FOR THE SECOND QUARTER OF 2022 AND REVISES 2022 FULL YEAR EARNINGS GUIDANCE
30 Jun 22
UNIVERSAL HEALTH REALTY INCOME TRUST ANNOUNCES DIVIDEND INCREASE
9 Jun 22
Calendar
8 Aug 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.4M | 8.4M | 8.4M | 8.4M | 8.4M | 8.4M |
Cash burn (monthly) | 160K | 111.17K | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 233.06K | 161.93K | n/a | n/a | n/a | n/a |
Cash remaining | 8.17M | 8.24M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 51.0 | 74.1 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Jun 22 | Capozzalo Gayle L | Shares Of Beneficial Interest | Grant | Acquire A | No | No | 0 | 546 | 0 | 2,146 |
8 Jun 22 | Domb Michael Allan | Shares Of Beneficial Interest | Grant | Acquire A | No | No | 0 | 546 | 0 | 10,146 |
8 Jun 22 | Miller Marc D | Shares Of Beneficial Interest | Grant | Acquire A | No | No | 0 | 546 | 0 | 5,000 |
8 Jun 22 | McCadden Robert F | Shares Of Beneficial Interest | Grant | Acquire A | No | No | 0 | 546 | 0 | 8,046 |
8 Jun 22 | Morey James P | Shares Of Beneficial Interest | Grant | Acquire A | No | No | 0 | 546 | 0 | 1,746 |
Institutional ownership, Q1 2022
63.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 155 |
Opened positions | 14 |
Closed positions | 19 |
Increased positions | 40 |
Reduced positions | 65 |
13F shares | Current |
---|---|
Total value | 510.33M |
Total shares | 8.78M |
Total puts | 19.5K |
Total calls | 8.2K |
Total put/call ratio | 2.4 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 2.36M | $137.51M |
Vanguard | 2.24M | $130.97M |
STT State Street | 822.11K | $47.99M |
BK Bank Of New York Mellon | 388.53K | $22.68M |
Renaissance Technologies | 282.31K | $16.48M |
Geode Capital Management | 265.52K | $15.5M |
Dimensional Fund Advisors | 192.51K | $11.24M |
IVZ Invesco | 173.89K | $10.15M |
NTRS Northern Trust | 158.41K | $9.25M |
LGEN Legal & General | 108.08K | $6.31M |
Financial report summary
?Risks
- COVID-19 and other pandemics, epidemics, or public health threats may adversely affect the business of our tenants, our business, and our results of operations and financial condition.
- There is a high degree of uncertainty regarding the implementation and impact of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), the Paycheck Protection Program and Health Care Enhancement Act (the “PPPHCE Act”) and the American Rescue Plan Act of 2021 (the “ARPA”), which could impact the total amount and types of assistance and benefits our tenants will receive.
- The revenues and results of operations of the tenants of our hospital facilities, including UHS, and our medical office buildings, are significantly affected by payments received from the government and other third-party payors.
- Reductions or changes in Medicare and Medicaid funding could have a material adverse effect on the future operating results of the operators of our facilities, including UHS, which could, in turn, materially reduce our revenues and net income.
- Operators that fail to comply with governmental reimbursement programs such as Medicare or Medicaid, licensing and certification requirements, fraud and abuse regulations or new legislative developments may be unable to meet their obligations to us.
- Required regulatory approvals can delay or prohibit transfers of our healthcare facilities.
- Increased competition in the health care industry has resulted in lower revenues and higher costs for our operators, including UHS, and may affect our revenues, property values and lease renewal terms.
- A substantial portion of our revenues are dependent upon one operator. If UHS experiences financial difficulties, or otherwise fails to make payments to us, or elects not to renew the leases on our three acute care hospitals, our revenues could be materially reduced.
- Our relationship with UHS may create conflicts of interest.
- We hold non-controlling equity ownership interests in various joint-ventures.
- The bankruptcy, default, insolvency or financial deterioration of our tenants could significantly delay our ability to collect unpaid rents or require us to find new operators.
- Real estate ownership creates risks and liabilities that may result in unanticipated losses or expenses.
- If we fail to maintain our REIT status, we will become subject to federal income tax on our taxable income at regular corporate rates.
- Even if we remain qualified as a REIT, we may face other tax liabilities that reduce our cash flow.
- Dividends paid by REITs generally do not qualify for reduced tax rates.
- Should we be unable to comply with the strict income distribution requirements applicable to REITs utilizing only cash generated by operating activities, we would be required to generate cash from other sources which could adversely affect our financial condition.
- Significant potential liabilities and rising insurance costs and availability may have an adverse effect on the operations of our operators, which may negatively impact their ability to meet their obligations to us.
- We depend heavily on key management personnel and the departure of one or more of our key executives or a significant portion of our operators’ local hospital management personnel could harm our business.
- Increasing investor interest in our sector and consolidation at the operator or REIT level could increase competition and reduce our profitability.
- We may be required to incur substantial renovation costs to make certain of our healthcare properties suitable for other operators and tenants.
- A cyber security incident could cause a violation of HIPAA, breach of member privacy, or other negative impacts.
- A worsening of the economic and employment conditions in the United States could materially affect our business and future results of operations of the operators of our facilities which could, in turn, materially reduce our revenues and net income.
- The deterioration of credit and capital markets may adversely affect our access to sources of funding and we cannot be certain of the availability and terms of capital to fund the growth of our business when needed.
- Catastrophic weather and other natural events, whether caused by climate change or otherwise, could result in damage to our properties.
- The market value of our common stock could be substantially affected by various factors.
- When interest rates increase, our common stock may decline in price.
- Ownership limitations and anti-takeover provisions in our declaration of trust and bylaws and under Maryland law and in our leases with UHS may delay, defer or prevent a change in control or other transactions that could provide shareholders with a take-over premium. We are subject to significant anti-takeover provisions.
Management Discussion
- For the year ended December 31, 2021, net income was $109.2 million as compared to $19.4 million during 2020. The $89.7 million increase was primarily attributable to:
- Total revenues increased by $6.2 million, or 7.9%, during 2021 as compared to 2020. The increase consisted primarily of the rentals earned on the Clive Behavioral Health facility, increased bonus rentals earned on certain hospitals leased to wholly-owned subsidiaries of UHS and increases in rentals earned at various other properties including properties acquired during 2021 and late in 2020.
- Our other operating expenses include expenses related to the consolidated medical office buildings and two specialty facilities that were vacant during 2021 (as discussed herein), which totaled $20.8 million and $19.8 million for the years ended December 31, 2021 and 2020, respectively. A large portion of the expenses associated with our medical office buildings is passed on directly to the tenants either directly as tenant reimbursements of common area maintenance expenses or included in base rental amounts. Tenant reimbursements for operating expenses are accrued as revenue in the same period during which the related expenses are incurred. Our operating expenses for 2021 and 2020 include approximately $737,000 and $677,000 for the years ended December 31, 2021 and 2020, respectively, of aggregate operating expenses related to two vacant specialty facilities located in Corpus Christi, Texas and Evansville, Indiana.
Content analysis
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H.S. junior Avg
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New words:
Goldring, Lane, repaid, repayment, Shadow
Removed:
acquiring, amortized, assumed, avoiding, bargain, Bellingham, buyer, calendar, capitalization, certificate, choose, Circuit, Codification, concession, consistently, contract, decide, decline, deferral, distribute, document, enforceable, estimating, excise, execute, executed, extending, forgo, goodwill, hypothetical, identified, impairment, intangible, intended, long, mandate, marketed, measured, modification, obsolescence, ordinary, organizational, participant, PeaceHealth, permitted, physical, prepare, public, recognition, referred, replacement, requirement, shortly, strike, taxability, taxable, unreimbursed, voted, Washington
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
25 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
9 Jun 22
8-K
Results of Operations and Financial Condition
25 Apr 22
8-K
Results of Operations and Financial Condition
24 Feb 22
8-K
Entry into a Material Definitive Agreement
3 Jan 22
8-K
Results of Operations and Financial Condition
25 Oct 21
8-K
Results of Operations and Financial Condition
26 Jul 21
8-K
Entry into a Material Definitive Agreement
8 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
3 Jun 21
8-K
Results of Operations and Financial Condition
26 Apr 21
Registration and prospectus
S-8
Registration of securities for employees
14 Aug 20
424B5
Prospectus supplement for primary offering
8 Jun 20
S-3ASR
Automatic shelf registration
15 May 20
S-8
Registration of securities for employees
6 Jun 16
424B5
Prospectus supplement for primary offering
1 May 16
424B2
Prospectus for primary offering
7 Nov 13
S-3
Shelf registration
20 Nov 12
424B2
Prospectus for primary offering
9 Nov 10
424B2
Prospectus for primary offering
8 Jul 10
Proxies
DEFA14A
Additional proxy soliciting materials
26 Apr 22
DEFA14A
Additional proxy soliciting materials
20 Apr 21
DEFA14A
Additional proxy soliciting materials
21 Apr 20
DEFA14A
Additional proxy soliciting materials
25 Apr 19
DEF 14A
Definitive proxy
25 Apr 18
DEFA14A
Additional proxy soliciting materials
25 Apr 18
Other
UPLOAD
Letter from SEC
16 Jul 18
CORRESP
Correspondence with SEC
10 Jul 18
UPLOAD
Letter from SEC
26 Jun 18
UPLOAD
Letter from SEC
27 Nov 16
CORRESP
Correspondence with SEC
17 Nov 16
UPLOAD
Letter from SEC
31 Oct 16
EFFECT
Notice of effectiveness
21 Dec 15
CORRESP
Correspondence with SEC
17 Dec 15
UPLOAD
Letter from SEC
13 Dec 15
EFFECT
Notice of effectiveness
29 Nov 12
Ownership
4
UNIVERSAL HEALTH REALTY INCOME TRUST / CHERYL K RAMAGANO ownership change
10 Jun 22
4
UNIVERSAL HEALTH REALTY INCOME TRUST / CHARLES F BOYLE ownership change
10 Jun 22
4
UNIVERSAL HEALTH REALTY INCOME TRUST / ALAN B MILLER ownership change
10 Jun 22
4
UNIVERSAL HEALTH REALTY INCOME TRUST / James P Morey ownership change
10 Jun 22
4
UNIVERSAL HEALTH REALTY INCOME TRUST / Robert F McCadden ownership change
10 Jun 22
4
UNIVERSAL HEALTH REALTY INCOME TRUST / Marc D Miller ownership change
10 Jun 22
4
UNIVERSAL HEALTH REALTY INCOME TRUST / Michael Allan Domb ownership change
10 Jun 22
4
UNIVERSAL HEALTH REALTY INCOME TRUST / Gayle L Capozzalo ownership change
10 Jun 22
4
UNIVERSAL HEALTH REALTY INCOME TRUST / Robert F McCadden ownership change
12 May 22
SC 13G
UNIVERSAL HEALTH REALTY INCOME TRUST / STATE STREET ownership change
10 Feb 22
Reddit threads
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Daily Discussion Thread - July 22nd, 2022
22 Jul 22
The TOP 20 Dividend Champions that have the highest yield effective the close of business on 6/30/22.
4 Jul 22
Daily Discussion Thread - June 16th, 2022
16 Jun 22
Daily Discussion Thread - June 15th, 2022
15 Jun 22
Daily Discussion Thread - June 14th, 2022
14 Jun 22
Daily Discussion Thread - June 13th, 2022
13 Jun 22
Y’all this this company is a good buy right now? 13% annual dividend pay out. $0.22 quarterly per share. Let me know what you all think. New to dividend investing
28 May 22
Stocks earning at atleast 5% dividend yield with consecutive 5+ years of dividend growth
23 May 22
I plan on DCA these positions for the long term..Anything else I should add or just keep building on what I have. My 401k is maxed and I receive 100% matching up to 7% and it’s all in growth for the most part.
7 May 22