Universal Health Realty Q2 FFO Rises to $0.90, Beating Year-Ago $0.85
UHT sits 26% above its 52-week low of $35.26.
Summary
Universal Health Realty posted Q2 FFO of $0.90 per share, up from $0.85 a year ago, driven by higher property income and lower interest costs. Revenue reached $25 million. Adjusted net income rose to $0.37 from $0.32, excluding a $0.06 land sale gain. The REIT also expanded its credit facility to $475 million, with $109 million available. The results show steady operational improvement and a stronger balance sheet. The stock trades near its 52-week high, reflecting market confidence.
At the time of this announcement, UHT was trading at $44.28 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $614.4M. The 52-week trading range was $35.26 to $46.30. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.