Universal Health Realty Income Trust
Owns and leases hospitals, medical offices, and other healthcare facilities nationwide.
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Profile
Owns and leases healthcare and human-service properties, mostly medical office and outpatient buildings plus a handful of hospitals, originally carved out of Universal Health Services' real estate in 1986 and still managed under contract by a Universal Health Services subsidiary, with no employees of its own.
Owns and leases healthcare and human-service real estate: medical office buildings, acute care and behavioral health hospitals, free-standing emergency departments, and childcare centers, spread across the country, with the portfolio weighted toward medical office and outpatient space rather than hospitals.
The portfolio originated in 1986 as a sale-leaseback of hospital properties carved out of Universal Health Services, and the trust remains headquartered in King of Prussia, Pennsylvania, near its former parent.
It employs no staff of its own: day-to-day management is contracted to a Universal Health Services subsidiary under an advisory agreement that independent trustees renew each year, and a large minority of revenue still comes from Universal Health Services-affiliated hospital tenants under long-term leases.
Annual dividends have risen every year for 39 consecutive years, a streak that has run since the trust's founding.
Company facts
Key statistics
Year to date +5.8% · Average volume (30d) 95.7K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 27, 2026Q2 FY26 | — | $0.43 | — | $24.7M | $25.0M | +1.2% | +2.12% |
| Apr 27, 2026Q1 FY26 | — | $0.88 | — | $24.7M | $24.5M | −0.7% | −0.15% |
| Feb 26, 2026Q4 FY25 | — | $0.85 | — | $25.3M | $24.5M | −3.3% | −1.29% |
| Oct 27, 2025Q3 FY25 | — | $0.88 | — | $25.3M | $25.3M | 0.0% | +2.06% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $24.5M | $24.9M | $25.3M | $74.0M | $24.5M | $25.0M | |
| Gross profit | $23.2M | $23.5M | $23.9M | $69.8M | $17.3M | $2.2M | |
| Operating income | $9.0M | $8.8M | $8.4M | $27.7M | $9.0M | $9.2M | |
| Net income | $4.8M | $4.5M | $4.0M | $4.3M | $5.0M | $5.9M | |
| Diluted EPS | $0.34 | $0.32 | $0.29 | $0.32 | $0.36 | $0.43 | |
| Gross margin | 94.4% | 94.4% | 94.4% | 94.4% | 70.6% | 8.7% | |
| Operating margin | 36.8% | 35.6% | 33.2% | 37.4% | 36.5% | 36.8% |
Fiscal years (4-quarter sums)FY21 $84.2M · FY22 $90.6M · FY23 $95.6M · FY24 $99.0M · FY25 $148.7M
Balance sheet, Jun 30, 2026Cash & short-term investments $6.8M · Total debt $395.1M · Total assets $567.1M · Shareholders' equity $143.9M
Dividends
Raised for 38 straight years — most recently to $0.75 from $0.745 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 22, 2026 | Jun 22 | Jun 30 | $0.75 | raised from $0.745 |
| Mar 23, 2026 | Mar 23 | Mar 31 | $0.745 | |
| Dec 22, 2025 | Dec 22 | Dec 31 | $0.745 | raised from $0.74 |
| Sep 22, 2025 | Sep 22 | Sep 30 | $0.74 | |
| Jun 23, 2025 | Jun 23 | Jun 30 | $0.74 | raised from $0.735 |
| Mar 24, 2025 | Mar 24 | Mar 31 | $0.735 | |
| Dec 16, 2024 | Dec 16 | Dec 31 | $0.735 | raised from $0.73 |
| Sep 16, 2024 | Sep 16 | Sep 30 | $0.73 |
Ownership
Shares outstanding 13.88M · Float 12.77M · 92.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.49M | 10.75% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 845.5K | 6.09% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 561.0K | 4.04% | 13F | Aug 13, 2026 |
| State Street Corp | 377.5K | 2.72% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 375.7K | 2.71% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Oct 29, 2025 | Alan B. Miller | director, officer: President, and CEO | +12,247 | $37.02 |
Peers
- Healthcare Realty
Largest US pure-play medical outpatient REIT; direct rival on MOB deals
- Healthpeak Properties
Post Physicians Realty merger, one of the largest US outpatient REIT platforms
- Medical Properties Trust
Largest pure-play hospital REIT; head-to-head in hospital sale-leaseback
- Community Healthcare Trust
Small-cap diversified healthcare REIT; nearest-mix peer in secondary markets
- Ventas
Large-cap diversified healthcare REIT; overlaps only in MOB and NNN hospitals
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Universal Health Realty Income Trust | $41.46 | −0.22% | $575.3M | 29.6 | — | 3.9 | +0.5% |
| Healthcare Realty | $18.99 | 0.00% | $6.66B | — | 275.4 | 5.8 | −5.3% |
| Healthpeak Properties | $20.79 | −0.79% | $14.45B | 59.9 | 101.1 | 4.9 | +8.0% |
| Medical Properties Trust | $4.09 | −0.35% | $2.45B | — | 75.7 | 2.4 | +7.9% |
| Community Healthcare Trust | $14.96 | +0.22% | $427.1M | 22.3 | 36.4 | 3.4 | +2.8% |
| Ventas | $91.58 | −0.25% | $44.63B | 170.0 | 130.6 | 6.9 | +21.7% |
| Median | 59.9 | 101.1 | 4.9 | +7.9% |