Overview

* Universal Health Realty Q2 net income falls to $4.5 mln from $5.3 mln

* Funds from operations for Q2 decrease to $11.8 mln from $12.4 mln

* Net income decline due to higher interest expense and lower property income

Result Drivers

* PROPERTY TAX REDUCTION - Decrease in net income due to a $563,000 reduction in property tax benefits recorded in Q2 2024 at Chicago property

* INTEREST EXPENSE - Increased interest expense of $137,000 due to higher average borrowings under credit agreement

* PROPERTY INCOME DECLINE - Net decrease of $84,000 in income generated at various properties contributed to the decline in net income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.32

Q2 Net $4.49

Income mln

Q2 FFO $11.79

mln

Q2 Basic $0.33

EPS

Q2 $0.74

Dividend

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the specialized reits peer group is "buy"

* Wall Street's median 12-month price target for Universal Health Realty Income Trust ( UHT ) is $47.00, about 12.3% above its July 25 closing price of $41.20

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)