--- title: "Universal Health Realty Income | 10-Q: FY2026 Q1 Revenue: USD 24.53 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285615347.md" datetime: "2026-05-07T20:40:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285615347.md) - [en](https://longbridge.com/en/news/285615347.md) - [zh-HK](https://longbridge.com/zh-HK/news/285615347.md) --- # Universal Health Realty Income | 10-Q: FY2026 Q1 Revenue: USD 24.53 M Revenue: As of FY2026 Q1, the actual value is USD 24.53 M. EPS: As of FY2026 Q1, the actual value is USD 0.36. EBIT: As of FY2026 Q1, the actual value is USD 9.471 M. #### Segment Revenue - Universal Health Realty Income Trust reported total revenues of $24,529 thousand for the three months ended March 31, 2026, a slight decrease from $24,548 thousand for the same period in 2025. - Lease revenue from Universal Health Services, Inc. (UHS) facilities was $8,383 thousand in Q1 2026, up from $8,327 thousand in Q1 2025, including bonus rental on McAllen Medical Center of $1,011 thousand in Q1 2026 and $817 thousand in Q1 2025. - UHS Facilities Base Rents were $6,631 thousand in Q1 2026 compared to $6,685 thousand in Q1 2025. - UHS Facilities Bonus Rents were $1,011 thousand in Q1 2026 compared to $817 thousand in Q1 2025. - UHS Facilities Tenant Reimbursements were $741 thousand in Q1 2026 compared to $825 thousand in Q1 2025. - Lease revenue from non-related parties was $14,202 thousand in Q1 2026, down from $14,326 thousand in Q1 2025. - Non-related Parties Base Rents were $11,171 thousand in Q1 2026 compared to $11,184 thousand in Q1 2025. - Non-related Parties Tenant Reimbursements were $3,031 thousand in Q1 2026 compared to $3,142 thousand in Q1 2025. - Other Revenue from UHS Facilities was $236 thousand in Q1 2026 compared to $229 thousand in Q1 2025. - Other Revenue from Non-related Parties was $366 thousand in Q1 2026 compared to $314 thousand in Q1 2025. - Interest Income on Financing Leases from UHS Facilities was $1,342 thousand in Q1 2026 compared to $1,352 thousand in Q1 2025. - The four unconsolidated limited liability companies (LLCs)/limited partnerships (LPs) generated combined revenues of $2,248 thousand in Q1 2026, down from $2,302 thousand in Q1 2025. #### Operational Metrics - Net income was $5,019 thousand in Q1 2026, an increase from $4,777 thousand in Q1 2025. - Income before Equity in Income of Unconsolidated LLCs and Interest Expense stood at $8,957 thousand in Q1 2026, a decrease from $9,034 thousand in Q1 2025. - Equity in Income of Unconsolidated LLCs increased to $514 thousand in Q1 2026 from $412 thousand in Q1 2025. - Interest expense, net, decreased to -$4,452 thousand in Q1 2026 from -$4,669 thousand in Q1 2025, primarily due to a $444 thousand reduction in credit agreement interest expense from a lower average effective borrowing rate. - Depreciation and Amortization expense was $6,954 thousand in Q1 2026 compared to $6,845 thousand in Q1 2025. - Advisory fees to UHS amounted to $1,403 thousand in Q1 2026, up from $1,364 thousand in Q1 2025. - Other Operating Expenses were $7,215 thousand in Q1 2026, down from $7,305 thousand in Q1 2025, with expenses related to consolidated medical office buildings (MOBs), vacant land, and vacant specialty facilities totaling $6.3 million in Q1 2026 and $6.4 million in Q1 2025. - Funds From Operations (FFO) increased by $336 thousand to $12,266 thousand in Q1 2026 from $11,930 thousand in Q1 2025, resulting in FFO per diluted share of $0.88 in Q1 2026, up from $0.86 in Q1 2025. - Net income for the unconsolidated LLCs/LPs was $895 thousand in Q1 2026, up from $807 thousand in Q1 2025. - Unconsolidated LLCs/LPs Operating Expenses were $871 thousand in Q1 2026 compared to $886 thousand in Q1 2025. - Unconsolidated LLCs/LPs Depreciation and Amortization was $424 thousand in Q1 2026 compared to $472 thousand in Q1 2025. - Unconsolidated LLCs/LPs Interest, Net, was $58 thousand in Q1 2026 compared to $137 thousand in Q1 2025. #### Cash Flow - Net Cash Provided by Operating Activities was $11,950 thousand in Q1 2026, an increase from $11,611 thousand in Q1 2025. - Net Cash Used in Investing Activities was -$4,457 thousand in Q1 2026 compared to -$1,897 thousand in Q1 2025, including additions to real estate investments of $4,266 thousand in Q1 2026 and investments in LLCs of -$191 thousand. - Net Cash Used in Financing Activities was -$7,115 thousand in Q1 2026 compared to -$9,837 thousand in Q1 2025. - Dividends Paid were -$10,305 thousand in Q1 2026 compared to -$10,150 thousand in Q1 2025. - Net Borrowings on Line of Credit were $3,300 thousand in Q1 2026 compared to $600 thousand in Q1 2025. - Repayments of Mortgage Notes Payable were -$148 thousand in Q1 2026 compared to -$322 thousand in Q1 2025. #### Unique Metrics - As of March 31, 2026, Universal Health Realty Income Trust owned seventy-seven real estate investments or commitments in twenty-one states, including hospital facilities, free-standing emergency departments, medical/office buildings, preschool and childcare centers, a vacant specialty facility, and vacant land. - Revenues from UHS-related tenants comprised approximately 41% of consolidated revenues during Q1 2026, compared to 40% in Q1 2025. - The Advisory Agreement with UHS of Delaware, Inc. was renewed for 2026 with advisory fees computed at 0.70% of average invested real estate assets. - As of March 31, 2026, Universal Health Realty Income Trust had $359.5 million outstanding borrowings under its Credit Agreement and $18.293 million in non-recourse mortgage notes payable. - Universal Health Realty Income Trust has three interest rate swap agreements with a total notional amount of $165 million, maturing between March 2027 and September 2028, to hedge cash flow risk. #### Future Outlook and Strategy - Universal Health Realty Income Trust expects to fund capital expenditures, acquisitions, and dividends using internally generated funds and additional financing, including borrowings under its Credit Agreement, which was increased to $475 million in April 2026, and potential equity issuances under its $100 million shelf registration statement. - Construction of the Miller Medical Plaza, an 80,000 square foot MOB in Palm Beach Gardens, Florida, commenced in February 2026 with an estimated cost of approximately $34 million and is scheduled for completion during Q4 2026, with a 10-year master flex lease agreement executed for approximately 75% of the rentable square feet. - Quarterly dividend levels are determined by management and the Board of Trustees considering factors such as REIT status requirements, current and projected operating results, and future capital commitments and debt repayments, with operating cash flows historically sufficient to fund dividend payments. ### Related Stocks - [UHT.US](https://longbridge.com/en/quote/UHT.US.md) ## Related News & Research - [UNIVERSAL HEALTH REALTY INCOME TRUST REPORTS 2026 FIRST QUARTER FINANCIAL RESULTS | UHT Stock News](https://longbridge.com/en/news/284265129.md) - [05:05 ETHomeTown Health University partners with LinkedIn Learning to Expand Healthcare Training Access for Professionals](https://longbridge.com/en/news/276715460.md) - 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