Universal Health Realty Income Trust (UHT) reported a fourth-quarter net income of $4.3 million, or $0.31 per diluted share, for the quarter ending December 31, 2025, marking a 7.2% decline from $4.7 million, or $0.34 per share, in the same quarter the previous year. Total revenues dipped slightly to $24.5 million from $24.6 million, impacted by reduced lease revenue and a vacant medical office building in Amarillo, Texas. Yearly net income also fell by 8.4% to $17.6 million, while annual revenues increased marginally by 0.2% to $99.2 million.
Funds from operations (FFO) were nearly unchanged, with fourth-quarter FFO at $11.7 million, or $0.85 per diluted share, compared to $11.8 million in the prior year. For the full year, FFO decreased 0.4% to $47.7 million. UHT declared a fourth-quarter dividend of $0.745 per share, amounting to $10.3 million, a slight increase from the previous year’s $0.735 per share.
As of December 31, 2025, net real estate investments dropped to $410 million from $425.9 million a year prior, and total assets decreased to $564.9 million from $580.9 million. The company recently initiated the development of an 80,000-square-foot medical office building in Florida, with construction expected to finish in late 2026 at an estimated cost of $34 million.
