UHT Q2 FFO Hits $0.90, Credit Line Expanded to $475M

summarizeSummary

Universal Health Realty Income Trust reported Q2 2026 FFO of $0.90 per share, up from $0.85, and expanded its credit facility to $475 million while lowering the tangible net worth covenant to $100 million.

check_boxKey Events · Earnings and Guidance · UHT

• Q2 FFO Rises to $0.90

  Funds from operations reached $0.90 per diluted share, up from $0.85 in Q2 2025, on higher property income and lower interest expense.

• Credit Facility Expanded

  Borrowing capacity increased to $475 million from $425 million, and the minimum tangible net worth covenant was reduced to $100 million from $125 million, improving financial flexibility.

• Miller Medical Plaza Development

  Construction of the $34 million, 80,000 sq ft medical office building is underway, with 75% pre-leased to a UHS subsidiary; completion expected December 2026.

• Land Sale Gain

  A $724,000 gain was recorded on the sale of a land parcel in Chicago, contributing to net income of $5.9 million.

auto_awesomeAnalysis · UHT · Real Estate & Construction

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. The REIT also amended its credit agreement, boosting borrowing capacity to $475 million and easing the tangible net worth covenant — moves that strengthen liquidity as it funds a $34 million medical office development pre-leased to its largest tenant, UHS. The quarter included a one-time $724,000 land sale gain, but even excluding that, core operating trends improved. With 40% of revenue tied to UHS and two major hospital leases expiring in December 2026, the credit facility expansion provides a cushion ahead of those lease decisions.