<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2015/06/10/16/35/mark-804936_960_720.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2015/06/10/16/35/mark-804936_960_720.jpg"/></p>
<p><em>圖片來源：Pixabay</em></p>
<p>高收益股票支付的股息顯著高於市場平均水平。例如，標準普爾 500 指數當前的收益率僅約為 1.2%。</p>
<p>高收益股票在退休後補充收入方面尤其有利。投資 12 萬美元於平均股息收益率為 5% 的股票，每月可產生約 <strong>500 美元的股息</strong>。</p>
<p>接下來我們要審查的高股息股票是 Universal Health Realty Income Trust (UHT)。</p>
<h3><strong>業務概述</strong></h3>
<p>Universal Health Realty Income Trust 是一家專注於醫療保健的房地產投資信託（REIT）。成立於 1986 年，該公司專注於擁有和管理與醫療保健和人類服務相關的設施，包括急性護理醫院、醫療辦公樓、康復和行為健康醫院、亞急性護理中心和兒童保育設施。其針對性的策略使 UHT 能夠利用對醫療基礎設施日益增長的需求，同時保持多樣化的專業物業組合。</p>
<p>截至目前，UHT 的投資組合包括遍佈 21 個州的 76 處物業，反映出廣泛的地理覆蓋和市場影響力。該公司的市值為 5.37 億美元，使其在醫療保健 REIT 行業中處於中型企業的地位。通過戰略性物業所有權和租賃，UHT 產生穩定的租金收入，同時支持多個護理環境中的醫療服務提供者，將房地產專業知識與不斷擴大的醫療行業相結合。</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.suredividend.com/wp-content/uploads/2025/11/Screenshot-2025-11-06-at-8.01.36-AM-768x448.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.suredividend.com/wp-content/uploads/2025/11/Screenshot-2025-11-06-at-8.01.36-AM-768x448.png"/></p>
<p>來源：投資者關係</p>
<p>該公司報告 2025 年第三季度淨收入為 400 萬美元，或每股稀釋後 0.29 美元，與 2024 年第三季度持平。運營資金（FFO）排除折舊和攤銷，增長至 1220 萬美元，或每股 0.88 美元，較 1130 萬美元有所上升，主要受一次性和解收益的推動。截止 2025 年 9 月 30 日的九個月內，淨收入降至 1330 萬美元，或每股 0.96 美元，較 1460 萬美元下降，而 FFO 保持穩定，為 3590 萬美元，或每股 2.59 美元。</p>
<p>該公司支付了第三季度每股 0.74 美元的股息，並在其 4.25 億美元的信用額度下有 6790 萬美元可用。UHT 還簽訂了一項土地租賃協議，以開發位於佛羅里達州的 80,000 平方英尺的 Palm Beach Gardens Medical Plaza I，預計於 2025 年 11 月開始建設，費用為 3400 萬美元。為期 10 年的租約覆蓋大約 75% 的建築空間。</p>
<p>UHT 在 21 個州投資於與醫療保健相關的物業，包括醫院、醫療辦公室和專業設施。雖然 FFO 是 REIT 表現的關鍵指標，但結果可能受到醫療補助資金變化、勞動力短缺、法規、患者數量、供應成本和利率等因素的影響。</p>
<h3><strong>增長前景</strong></h3>
<p>由於美國有利的人口趨勢，該公司在增長方面處於良好位置。隨着超過 7000 萬的嬰兒潮一代繼續老齡化，對醫療服務和設施的需求預計將上升，為專注於醫療保健物業的 REIT 創造長期的順風。對於投資者而言，運營資金（FFO）提供了比傳統每股收益（EPS）更準確的表現衡量，因為它排除了折舊等非現金費用，這可能會扭曲房地產信託的收益。</p>
<p>該信託計劃通過提高現有物業的租金和選擇性收購新的醫療資產來實現增長。雖然發行股票以資助收購可能會適度稀釋每股指標，但這些策略預計將支持穩定增長。在中期內，Universal Health 預計年化增長將保持在約 2.5% 的低個位數，反映出公司歷史上穩定的表現及其利用不斷擴大的醫療基礎設施需求的能力。</p>
<h3><strong>競爭優勢與經濟衰退表現</strong></h3>
<p>Universal Health Realty Income Trust 具有關鍵的競爭優勢，包括在 21 個州擁有 76 處醫療物業的多樣化投資組合和與專業租户的長期租約。其專注於醫院、醫療辦公室、康復和行為健康中心以及兒童保育設施，創造了穩定的租金收入，併為競爭對手設立了高門檻。</p>
<p>該信託在經濟衰退期間表現出韌性，因為對醫療服務的需求在很大程度上是非選擇性的。使用運營資金（FFO）作為表現衡量標準突顯了一致的現金生成，支持穩定的股息和戰略性增長，即使在經濟衰退期間。</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.suredividend.com/wp-content/uploads/2025/11/Screenshot-2025-11-06-at-8.04.42-AM-768x321.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.suredividend.com/wp-content/uploads/2025/11/Screenshot-2025-11-06-at-8.04.42-AM-768x321.png"/></p>
<p>來源：投資者關係</p>
<h3><strong>股息分析</strong></h3>
<p>該公司的年股息為每股 2.96 美元。在其最近的股價下，該股票的高收益率為 7.6%。</p>
<p>考慮到該公司 2025 年的盈利前景，FFO 預計為每股 3.67 美元。因此，預計該公司將向股東支付約 81% 的 FFO 作為股息。</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.suredividend.com/wp-content/uploads/2025/11/Screenshot-2025-11-06-at-8.03.16-AM-768x350.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.suredividend.com/wp-content/uploads/2025/11/Screenshot-2025-11-06-at-8.03.16-AM-768x350.png"/></p>
<p>來源：投資者關係</p>
<h3><strong>最終思考</strong></h3>
<p>目前，股票交易價格低於歷史估值倍數，並提供 7.6% 的吸引人股息收益率。然而，預計的年化增長仍然温和。總體而言，UHT 股票獲得持有評級，因為有限的預期股息增長使得該股票無法成為強烈買入的選擇。</p>
<hr/>
<p><em>該作者的更多作品：</em></p>
<p>高股息 50：Alpine Income Property Trust, Inc.</p>
<p>10 只受益於缺乏變化的頂級股息股票</p>
<p>高股息 50：Fidus Investment Corporation</p>

<p>Universal Health Realty Income Trust (UHT) 是一家專注於醫療保健的房地產投資信託，擁有覆蓋 21 個州的 76 處多元化物業。該公司報告 2025 年第三季度淨收入為 400 萬美元，每股分紅為 0.74 美元，收益率為 7.6%。UHT 預計由於老齡化人口對醫療服務需求的增加，增長將保持在低個位數。儘管股票交易價格處於折扣狀態，但預計增長温和，因此對該股票的評級為持有</p>

<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2015/06/10/16/35/mark-804936_960_720.jpg" alt="" original-src="https://cdn.pixabay.com/photo/2015/06/10/16/35/mark-804936_960_720.jpg"/></p>
<p><em>Image Source: Pixabay</em></p>
<div class="lb-trans"><p><em>圖片來源：Pixabay</em></p>
</div><p>High-yield stocks pay out dividends that are significantly higher than the market average. For example, the S&amp;P 500’s current yield is only ~1.2%.</p>
<div class="lb-trans"><p>高收益股票支付的股息顯著高於市場平均水平。例如，標準普爾 500 指數當前的收益率僅約為 1.2%。</p>
</div><p>High-yield stocks can be particularly beneficial in supplementing income after retirement. A $120,000 investment in stocks with an average dividend yield of 5% creates an average of <strong>$500 a month in dividends</strong>.</p>
<div class="lb-trans"><p>高收益股票在退休後補充收入方面尤其有利。投資 12 萬美元於平均股息收益率為 5% 的股票，每月可產生約 <strong>500 美元的股息</strong>。</p>
</div><p>Next on our list of high-dividend stocks to review is Universal Health Realty Income Trust (UHT).</p>
<div class="lb-trans"><p>接下來我們要審查的高股息股票是 Universal Health Realty Income Trust (UHT)。</p>
</div><h3><strong>Business Overview</strong></h3>
<div class="lb-trans"><h3><strong>業務概述</strong></h3>
</div><p>Universal Health Realty Income Trust is a real estate investment trust (REIT) focused on healthcare. Founded in 1986, the company specializes in owning and managing healthcare and human service-related facilities, including acute care hospitals, medical office buildings, rehabilitation and behavioral health hospitals, sub-acute care centers, and childcare facilities. Its targeted approach allows UHT to capitalize on the growing demand for healthcare infrastructure while maintaining a diversified portfolio of specialized properties.</p>
<div class="lb-trans"><p>Universal Health Realty Income Trust 是一家專注於醫療保健的房地產投資信託（REIT）。成立於 1986 年，該公司專注於擁有和管理與醫療保健和人類服務相關的設施，包括急性護理醫院、醫療辦公樓、康復和行為健康醫院、亞急性護理中心和兒童保育設施。其針對性的策略使 UHT 能夠利用對醫療基礎設施日益增長的需求，同時保持多樣化的專業物業組合。</p>
</div><p>As of now, UHT’s portfolio includes 76 properties across 21 states, reflecting a broad geographic presence and market reach. The company has a market capitalization of $537 million, positioning it as a mid-sized player in the healthcare REIT sector. Through strategic property ownership and leases, UHT generates stable rental income while supporting healthcare providers across multiple care settings, combining real estate expertise with a focus on the expanding healthcare industry.</p>
<div class="lb-trans"><p>截至目前，UHT 的投資組合包括遍佈 21 個州的 76 處物業，反映出廣泛的地理覆蓋和市場影響力。該公司的市值為 5.37 億美元，使其在醫療保健 REIT 行業中處於中型企業的地位。通過戰略性物業所有權和租賃，UHT 產生穩定的租金收入，同時支持多個護理環境中的醫療服務提供者，將房地產專業知識與不斷擴大的醫療行業相結合。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.suredividend.com/wp-content/uploads/2025/11/Screenshot-2025-11-06-at-8.01.36-AM-768x448.png" alt="" original-src="https://www.suredividend.com/wp-content/uploads/2025/11/Screenshot-2025-11-06-at-8.01.36-AM-768x448.png"/></p>
<p>Source: Investor Relations</p>
<div class="lb-trans"><p>來源：投資者關係</p>
</div><p>The company reported Q3 2025 net income of $4.0 million, or $0.29 per diluted share, unchanged from Q3 2024. Funds from operations (FFO), which excludes depreciation and amortization, rose to $12.2 million, or $0.88 per share, from $11.3 million, driven by a one-time settlement gain. For the nine months ended September 30, 2025, net income fell to $13.3 million, or $0.96 per share, from $14.6 million, while FFO remained steady at $35.9 million, or $2.59 per share.</p>
<div class="lb-trans"><p>該公司報告 2025 年第三季度淨收入為 400 萬美元，或每股稀釋後 0.29 美元，與 2024 年第三季度持平。運營資金（FFO）排除折舊和攤銷，增長至 1220 萬美元，或每股 0.88 美元，較 1130 萬美元有所上升，主要受一次性和解收益的推動。截止 2025 年 9 月 30 日的九個月內，淨收入降至 1330 萬美元，或每股 0.96 美元，較 1460 萬美元下降，而 FFO 保持穩定，為 3590 萬美元，或每股 2.59 美元。</p>
</div><p>The company paid a Q3 dividend of $0.74 per share and had $67.9 million available under its $425 million credit line. UHT also entered into a ground lease to develop the 80,000-square-foot Palm Beach Gardens Medical Plaza I in Florida, with construction scheduled to start in November 2025 at a cost of $34 million. A 10-year lease covers roughly 75% of the building’s space.</p>
<div class="lb-trans"><p>該公司支付了第三季度每股 0.74 美元的股息，並在其 4.25 億美元的信用額度下有 6790 萬美元可用。UHT 還簽訂了一項土地租賃協議，以開發位於佛羅里達州的 80,000 平方英尺的 Palm Beach Gardens Medical Plaza I，預計於 2025 年 11 月開始建設，費用為 3400 萬美元。為期 10 年的租約覆蓋大約 75% 的建築空間。</p>
</div><p>UHT invests in healthcare-related properties across 21 states, including hospitals, medical offices, and specialty facilities. While FFO is a key measure of REIT performance, results may be affected by factors such as changes in Medicaid funding, labor shortages, regulations, patient volumes, supply costs, and interest rates.</p>
<div class="lb-trans"><p>UHT 在 21 個州投資於與醫療保健相關的物業，包括醫院、醫療辦公室和專業設施。雖然 FFO 是 REIT 表現的關鍵指標，但結果可能受到醫療補助資金變化、勞動力短缺、法規、患者數量、供應成本和利率等因素的影響。</p>
</div><h3><strong>Growth Prospects</strong></h3>
<div class="lb-trans"><h3><strong>增長前景</strong></h3>
</div><p>The company is well-positioned for growth due to favorable demographic trends in the U.S. As the population of over 70 million Baby Boomers continues to age, demand for healthcare services and facilities is expected to rise, creating long-term tailwinds for REITs specializing in healthcare properties. For investors, funds from operations (FFO) provides a more accurate measure of performance than traditional EPS, as it excludes non-cash expenses such as depreciation, which can distort earnings for real estate trusts.</p>
<div class="lb-trans"><p>由於美國有利的人口趨勢，該公司在增長方面處於良好位置。隨着超過 7000 萬的嬰兒潮一代繼續老齡化，對醫療服務和設施的需求預計將上升，為專注於醫療保健物業的 REIT 創造長期的順風。對於投資者而言，運營資金（FFO）提供了比傳統每股收益（EPS）更準確的表現衡量，因為它排除了折舊等非現金費用，這可能會扭曲房地產信託的收益。</p>
</div><p>The trust plans to grow by increasing rents on existing properties and selectively acquiring new healthcare assets. While issuing equity to fund acquisitions may modestly dilute per-share metrics, these strategies are expected to support steady growth. Over the intermediate term, Universal Health anticipates low-single-digit annualized growth of approximately 2.5%, reflecting the company’s historically consistent performance and its ability to capitalize on the expanding demand for healthcare infrastructure.</p>
<div class="lb-trans"><p>該信託計劃通過提高現有物業的租金和選擇性收購新的醫療資產來實現增長。雖然發行股票以資助收購可能會適度稀釋每股指標，但這些策略預計將支持穩定增長。在中期內，Universal Health 預計年化增長將保持在約 2.5% 的低個位數，反映出公司歷史上穩定的表現及其利用不斷擴大的醫療基礎設施需求的能力。</p>
</div><h3><strong>Competitive Advantages &amp; Recession Performance</strong></h3>
<div class="lb-trans"><h3><strong>競爭優勢與經濟衰退表現</strong></h3>
</div><p>Universal Health Realty Income Trust has key competitive advantages, including a diversified portfolio of 76 healthcare properties across 21 states and long-term leases with specialized tenants. Its focus on hospitals, medical offices, rehabilitation and behavioral health centers, and childcare facilities creates stable rental income and high barriers to entry for competitors.</p>
<div class="lb-trans"><p>Universal Health Realty Income Trust 具有關鍵的競爭優勢，包括在 21 個州擁有 76 處醫療物業的多樣化投資組合和與專業租户的長期租約。其專注於醫院、醫療辦公室、康復和行為健康中心以及兒童保育設施，創造了穩定的租金收入，併為競爭對手設立了高門檻。</p>
</div><p>The trust has proven resilient during economic downturns, as demand for healthcare services remains largely non-discretionary. Using funds from operations (FFO) as a performance measure highlights consistent cash generation, supporting steady dividends and strategic growth even in recessionary periods.</p>
<div class="lb-trans"><p>該信託在經濟衰退期間表現出韌性，因為對醫療服務的需求在很大程度上是非選擇性的。使用運營資金（FFO）作為表現衡量標準突顯了一致的現金生成，支持穩定的股息和戰略性增長，即使在經濟衰退期間。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.suredividend.com/wp-content/uploads/2025/11/Screenshot-2025-11-06-at-8.04.42-AM-768x321.png" alt="" original-src="https://www.suredividend.com/wp-content/uploads/2025/11/Screenshot-2025-11-06-at-8.04.42-AM-768x321.png"/></p>
<p>Source: Investor Relations</p>
<div class="lb-trans"><p>來源：投資者關係</p>
</div><h3><strong>Dividend Analysis</strong></h3>
<div class="lb-trans"><h3><strong>股息分析</strong></h3>
</div><p>The company’s annual dividend is $2.96 per share. At its recent share price, the stock has a high yield of 7.6%.</p>
<div class="lb-trans"><p>該公司的年股息為每股 2.96 美元。在其最近的股價下，該股票的高收益率為 7.6%。</p>
</div><p>Given the company’s 2025 earnings outlook, FFO is expected to be $3.67 per share. As a result, the company is expected to pay out roughly 81% its FFO to shareholders in dividends.</p>
<div class="lb-trans"><p>考慮到該公司 2025 年的盈利前景，FFO 預計為每股 3.67 美元。因此，預計該公司將向股東支付約 81% 的 FFO 作為股息。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.suredividend.com/wp-content/uploads/2025/11/Screenshot-2025-11-06-at-8.03.16-AM-768x350.png" alt="" original-src="https://www.suredividend.com/wp-content/uploads/2025/11/Screenshot-2025-11-06-at-8.03.16-AM-768x350.png"/></p>
<p>Source: Investor Relations</p>
<div class="lb-trans"><p>來源：投資者關係</p>
</div><h3><strong>Final Thoughts</strong></h3>
<div class="lb-trans"><h3><strong>最終思考</strong></h3>
</div><p>Shares are currently trading at a discount to historical valuation multiples and offer an attractive dividend yield of 7.6%. However, projected annualized growth remains modest. Overall, UHT shares receive a Hold rating, as the limited expected dividend growth prevents the stock from being a strong buy.</p>
<div class="lb-trans"><p>目前，股票交易價格低於歷史估值倍數，並提供 7.6% 的吸引人股息收益率。然而，預計的年化增長仍然温和。總體而言，UHT 股票獲得持有評級，因為有限的預期股息增長使得該股票無法成為強烈買入的選擇。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>該作者的更多作品：</em></p>
</div><p>High Dividend 50: Alpine Income Property Trust, Inc.</p>
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