Universal Health Realty Income Trust (UHT) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $5.9 million ($0.43 per diluted share), up from $4.5 million ($0.32 per diluted share) in Q2 2025, driven by a $724,000 gain on land sale, increased property income, and lower interest expense.

• Adjusted net income for Q2 2026 was $5.2 million ($0.37 per diluted share), up $691,000 year-over-year.

• Revenues for Q2 2026 rose to $25.0 million from $24.9 million in Q2 2025; six-month revenues were $49.5 million, up from $49.4 million year-over-year.

• Funds from operations (FFO) for Q2 2026 increased to $12.5 million ($0.90/share) from $11.8 million ($0.85/share) in Q2 2025.

Financial highlights

• Q2 2026 net income: $5.9 million; six-month net income: $10.9 million ($0.79 per diluted share).

• Q2 2026 FFO: $12.5 million ($0.90/share); six-month FFO: $24.8 million ($1.79/share).

• Q2 2026 revenues: $25.0 million; six-month revenues: $49.5 million.

• Q2 2026 interest expense: $4.4 million, down from $4.7 million in Q2 2025.

• Dividends paid in six months: $20.8 million ($1.495/share); Q2 2026 dividend: $0.75/share ($10.4 million).

Outlook and guidance

• Management expects sufficient capital resources for the next twelve months, including funding for operations, investments, and dividends.

• No shares issued under the $100 million shelf registration as of June 30, 2026; future issuances depend on market conditions.

• Construction of Miller Medical Plaza (80,000 sq. ft. MOB) in Palm Beach Gardens, FL, commenced February 2026, expected completion December 2026, with a 10-year master lease for 75% of space at a cost of $34 million.