Universal Health Realty Income Trust reported net income of $4.8 million, or $0.34 per diluted share, for the first quarter of 2025. This represents a decrease from $5.3 million, or $0.38 per diluted share, reported in the first quarter of 2024. The decline in net income amounted to $523,000, or $0.04 per diluted share.
Funds From Operations (FFO), a key metric for REITs, also decreased to $11.9 million, or $0.86 per diluted share, in Q1 2025, compared to $12.4 million, or $0.90 per diluted share, in Q1 2024. This FFO decrease totaled $483,000, or $0.04 per diluted share.
The decrease in net income was primarily attributed to a $401,000 net decrease in income generated at various properties. Additionally, a $122,000 increase in interest expense contributed to the decline, driven by higher average outstanding borrowings and an increased average effective borrowing rate under the credit agreement.
As of March 31, 2025, UHT maintained $75.5 million of available borrowing capacity under its $425 million credit agreement, which is scheduled to expire on September 30, 2028. The Trust had $349.5 million of borrowings outstanding under this facility.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.