NYSE$UHT
Universal Health Realty Income Trust · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported third quarter financial results, with net income increasing slightly compared to the same period last year.
Universal Health Realty Income Trust reported a slight increase in net income for the third quarter of 2024, with net income at $4.0 million, or $.29 per diluted share, compared to $3.9 million, or $.28 per diluted share, in the third quarter of 2023. FFO increased slightly to $11.3 million, or $.82 per diluted share, compared to $11.2 million, or $.81 per diluted share during the third quarter of 2023.
- Net income increased by $125,000, or $.01 per diluted share, compared to Q3 2023.
- FFO increased by $124,000, or $.01 per diluted share, compared to Q3 2023.
- The third quarter dividend of $.73 per share was declared on September 4, 2024, and paid on September 30, 2024.
- Borrowing capacity increased to $425 million and the maturity date was extended to September 30, 2028.
Headline financials
Revenue & EPS history
UHT · Revenue · Quarterly
$24.5M
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
This press release contains forward-looking statements based on current management expectations.
Headwinds
- Decreases in staffing availability and related increases to wage expense experienced by our tenants resulting from the shortage of nurses and other clinical staff and support personnel
- The impact of government and administrative regulation of the health care industry
- Declining patient volumes and unfavorable changes in payer mix caused by deteriorating macroeconomic conditions (including increases in uninsured and underinsured patients as the result of business closings and layoffs)
- 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 Q3 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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro