NYSE$UHT
Universal Health Realty Income Trust · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported first quarter financial results, with net income increasing due to property income and reduced expenses, offset by higher interest expenses.
Universal Health Realty Income Trust reported a net income of $5.3 million, or $0.38 per diluted share, for the first quarter of 2024, compared to $4.5 million, or $0.32 per diluted share, for the same period in 2023. FFO increased to $12.4 million, or $0.90 per diluted share, from $11.4 million, or $0.82 per diluted share in the prior year.
- Net income increased by $841,000, or $0.06 per diluted share, compared to Q1 2023.
- Funds from operations (FFO) rose to $12.4 million, or $0.90 per diluted share.
- Increase in net income was due to higher property income and reduced expenses related to vacant facilities, offset by increased interest expense.
- A dividend of $0.725 per share was declared on March 6, 2024, and paid on March 29, 2024.
Headline financials
Revenue & EPS history
UHT · Revenue · Quarterly
$25.1M
Revenue by segment
UHT · $658K total across 2 segments · Q3 2023
- Other Revenue - Non-related parties$404K+82.8%61.4%
- Other Revenue - UHS Facilities$254K-0.4%38.6%
Forward guidance
Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially.
Headwinds
- Decreases in staffing availability and related increases to wage expense
- Impact of government and administrative regulation of the health care industry
- Declining patient volumes and unfavorable changes in payer mix
- Potential disruptions related to supplies required for our tenants’ employees and patients
- Potential increases to other expenditures.
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 2024
-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
| Quarter | Report date | Reaction (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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