NYSE$UHT

Universal Health Realty Income Trust · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported first quarter financial results with increased net income and FFO compared to the same period last year.

Universal Health Realty Income Trust reported a net income of $5.6 million, or $0.41 per diluted share, for the first quarter of 2021, compared to $4.6 million, or $0.33 per diluted share, for the first quarter of 2020. Funds from operations (FFO) were $12.7 million, or $0.92 per diluted share, compared to $11.2 million, or $0.82 per diluted share, for the same period last year.

  • Net income increased by $1.0 million, or $0.08 per diluted share, primarily due to higher bonus rental income, lower interest expense, and increased income from various properties.
  • FFO increased by $1.5 million, or $0.10 per diluted share, driven by the increase in net income and higher depreciation and amortization expense.
  • A first quarter dividend of $0.695 per share, totaling $9.6 million, was declared on March 3, 2021, and paid on March 31, 2021.
  • As of March 31, 2021, the company had $247.7 million of borrowings outstanding under its $350 million credit agreement, with $96.7 million of available borrowing capacity.

Headline financials

Total Revenue

$20.7M

Previous: $19.2M+7.8%
EPS (adj)

$0.41

Previous: $0.33+24.2%
Dividend Paid Per Share

$0.69

Previous: $0.69+1.5%
Capital Expenditures

-$200K

No prior period
Free Cash Flow

$5.39M

Previous: $4.55M+18.3%
Net Income

$5.59M

Previous: $4.55M+22.7%
Operating Income

$7.25M

Previous: $6.43M+12.8%
Gross Profit

$20.7M

Previous: $19.2M+7.8%
Cash & Equivalents

$6.17M

Previous: $5.67M+8.9%
Total Assets

$496M

Previous: $489M+1.4%
Stock-Based Comp

$242K

Previous: $197K+22.8%

Revenue & EPS history

UHT · Revenue · Quarterly

$20.7M

Q1 2021+7.8%vs Q1 2020

Revenue by segment

UHT · $20.2M total across 2 segments · Q1 2021

  • Non-related parties
    $13.1M+1.9%
  • UHS Facilities
    $7.13M+21.3%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.0%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+1.0%

Avg return

30 days after

52%

34 / 65 earnings

Positive

+12.7%

Q1 2020

Best reaction

-6.8%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.9%-0.8%
Q4 2025+0.2%-0.7%-9.7%
Q3 2025+2.1%+4.9%+12.7%
Q1 2025-0.5%+1.7%+2.2%
Q4 2024+0.8%+1.9%+3.0%
Q3 2024-2.9%-4.6%-2.2%
Q2 2024+2.5%+1.6%+5.1%
Q1 2024+0.8%+5.8%+10.1%
Q4 2023+0.2%-4.1%-9.7%
Q3 2023+1.1%-0.9%+3.4%
Q2 2023-3.4%-3.7%-5.2%
Q1 2023-5.9%-6.5%-8.3%
Q4 2022-1.5%-5.8%-11.9%
Q3 2022+5.3%+8.8%+15.6%
Q2 2022+2.3%+2.8%-0.1%
Q1 2022-3.1%-11.1%-7.3%
Q4 2021+1.2%+4.2%+3.4%
Q3 2021+0.5%-0.6%+2.2%
Q2 2021-0.7%-1.8%-3.7%
Q1 2021+0.2%-3.0%-0.0%
Q4 2020-6.1%-6.3%+7.8%
Q3 2020-2.3%+2.7%+14.5%
Q2 2020+0.7%+3.2%-0.1%
Q1 2020+12.7%+9.9%+5.9%
Q4 2019-6.6%-8.1%-21.6%
Q3 2019+3.7%+8.4%+0.7%
Q2 2019+1.6%+3.2%+5.6%
Q1 2019+3.8%+3.7%+8.0%
Q4 2018+0.3%+0.2%+1.1%
Q3 2018-6.8%-11.2%-6.2%
Q2 2018+0.8%+4.4%+15.6%
Q1 2018+4.1%+2.0%+3.1%
Q4 2017+3.0%+6.4%+8.6%
Q3 2017-0.8%-2.9%-0.2%
Q2 2017-5.6%-6.7%-10.0%
Q1 2017+0.3%+0.9%+3.0%
Q4 2016-0.1%-1.3%+0.5%
Q3 2016-4.1%-5.8%-0.3%
Q2 2016-1.1%+0.7%+3.5%
Q1 2016-1.5%
Q4 2015+0.6%
Q3 2015-0.1%
Q2 2015+0.7%
Q1 2015-2.3%
Q4 2014-0.7%
Q3 2014+1.4%
Q2 2014-1.1%
Q1 2014-0.2%
Q4 2013+1.6%
Q3 2013+1.9%
Q2 2013-0.5%
Q1 2013-1.9%
Q1 2011-0.2%
Q4 2012+1.7%
Q3 2012-1.7%
Q4 2011-1.0%
Q2 2012-1.0%
Q1 2012+0.6%
Q4 2009-1.2%
Q3 2010+0.0%
Q3 2011+0.0%
Q2 2011+0.3%
Q4 2010+0.3%
Q2 2010+0.3%
Q1 2010+4.0%

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