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Universal Health Realty Income Trust Reports 2020 First Quarter Financial Results

Universal Health Realty Income Trust (UHT) 
US:NYSE Investor Relations: uhrit.com/investor-relations
Company Research Source: PR Newswire
KING OF PRUSSIA, Pa., April 27, 2020 /PRNewswire/ -- Universal Health Realty Income Trust (NYSE: UHT) announced today that for the three-month period ended March 31, 2020, reported net income was $4.6 million, or $.33 per diluted share, as compared to $4.2 million, or $.31 per diluted share, during the first quarter of 2019.  Included in our net income for the three-month period ended March 31, 2019 was a gain of $250,000, or $.02 per diluted share, related to the sale of a parcel of land located at one of our buildings.As calculated on the attached Schedule of Non-GAAP Supplemental Information ("Supplemental Schedule"), our funds from operations ("FFO"), were $11.2 million, or $.82 per diluted share during the first quarter of 2020, as compared to $11.0 million, or $.80 per diluted share during the first quarter of 2019.Favorably impacting our net income and FFO during the first quarter of 2020, as compared to the first quarter of 2019, was a decrease in our interest expense of $383, Show less Read more
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