UHT on NYSE
UNIVERSAL HEALTH REALTY INCOME TRUST
UNIVERSAL HEALTH REALTY INCOME TRUST is an American real estate investment trust based in Baltimore, listed on NYSE (UHT).2
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Last updated Oct 21, 2026.
Overview
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- TickerUHT on NYSE2
- IndustryReal Estate Investment Trusts2
- HeadquartersBaltimore, United States2
- Incorporated inMD3
- Business addressUniversal Corporate Ctr, 367 S Gulph Rd, King Of Prussia, Pa 194063
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formTRUST2
- Kind of organizationTrust2
- LEI549300L4MWZL4IH6H1722
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O The Corporation Trust Incorporated, 21201 Baltimore, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D000482
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As disclosed in this Annual Report, including in Part I, Item 1.-Relationship with Universal Health Services, Inc. (“UHS”), a wholly-owned subsidiary of UHS (UHS of Delaware, Inc.) serves as our Advisor pursuant to the terms of an annually renewable Advisory Agreement dated December 24, 1986, and as amended and restated as of January 1, 2019. The advisory agreement expires on December 31 of each year; however, it is renewable by us, subject to a determination by our Trustees who are unaffiliated with UHS, that the Advisor’s performance has been satisfactory. The Advisory Agreement was renewed for 2026 with the same terms as the Advisory Agreement in place during 2025, 2024 and 2023. Our officers are all employees of UHS through its wholly-owned subsidiary, UHS of Delaware, Inc. In addition, five of our hospital facilities are leased to wholly-owned subsidiaries of UHS, one of our hospita…5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs82¢$81.6M
- Profit18¢$17.6M
Out of $99.2M in revenue.6
Where each dollar of operating cash went, fiscal 2025
- Dividends paid84¢$41.0M
- Kept or used elsewhere16¢$8.1M
Out of $49.1M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues, Total | $99.2M | $99.0M | $95.6M |
| Depreciation and amortization | $28.9M | $27.4M | $27.7M |
| Other operating expenses | $30.0M | $29.3M | $31.2M |
| Costs and Expenses, Total | $64.4M | $62.2M | $64.2M |
| "Income before equity in income of unconsolidated limited liability companies (""LLCs""), loss on divestiture and interest expense" | $34.8M | $36.8M | $31.3M |
| Equity in income of unconsolidated LLCs | $1.7M | $1.3M | $1.2M |
| Loss on divestiture of real estate assets | -$232.0K | ||
| Interest expense, net | -$18.9M | -$18.8M | -$16.9M |
| Net income | $17.6M | $19.2M | $15.4M |
| Basic earnings per share | $1.27 | $1.39 | $1.12 |
| Diluted earnings per share | $1.27 | $1.39 | $1.11 |
| Weighted average number of shares outstanding - Basic | 13.8M shares | 13.8M shares | 13.8M shares |
| Weighted average number of share equivalents | 43.0K shares | 37.0K shares | 28.0K shares |
| Weighted average number of shares and equivalents outstanding - Diluted | 13.9M shares | 13.8M shares | 13.8M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Buildings and improvements and construction in progress | $666.1M | $656.0M |
| Accumulated depreciation | -$313.0M | -$286.9M |
| Real Estate Investment Property, Net, Total | $353.1M | $369.1M |
| Land | $56.9M | $56.9M |
| Net Real Estate Investments | $410.0M | $425.9M |
| Financing receivable from UHS | $82.1M | $82.8M |
| Net Real Estate Investments and Financing receivable | $492.2M | $508.7M |
| "Investments in and advances to limited liability companies (""LLCs"")" | $20.1M | $13.9M |
| Cash and cash equivalents | $6.7M | $7.1M |
| Lease and other receivables from UHS | $7.5M | $7.1M |
| Lease receivable - other | $8.0M | $8.0M |
| Intangible assets (net of accumulated amortization of $10.9 million and $11.3 million, respectively) | $5.6M | $7.3M |
| Right-of-use land assets, net | $11.4M | $10.9M |
| Deferred charges, notes receivable and other assets, net | $13.3M | $17.7M |
| Total Assets | $564.9M | $580.9M |
| Line of credit borrowings | $356.2M | $348.9M |
| Mortgage notes payable, non-recourse to us, net | $18.4M | $19.3M |
| Accrued interest | $910.0K | $694.0K |
| Accrued expenses and other liabilities | $13.8M | $10.4M |
| Ground lease liabilities, net | $11.4M | $10.9M |
| Tenant reserves, deposits and deferred and prepaid rents | $11.8M | $11.0M |
| Total Liabilities | $412.5M | $401.3M |
| Common shares, $.01 par value; 95,000,000 shares authorized; issued and outstanding: 2025 - 13,874,607; 2024 - 13,850,608 | $139.0K | $138.0K |
| Capital in excess of par value | $272.1M | $271.1M |
| Cumulative net income and other | $862.9M | $845.3M |
| Cumulative dividends | -$984.4M | -$943.4M |
| Accumulated other comprehensive income | $1.6M | $6.4M |
| Total Equity | $152.4M | $179.5M |
| Total Liabilities and Equity | $564.9M | $580.9M |
| Intangible assets, accumulated amortization | $10.9M | $11.3M |
| Preferred shares of beneficial interest, par value | $0.01 | $0.01 |
| Preferred shares of beneficial interest, shares authorized | 5.0M shares | 5.0M shares |
| Preferred shares of beneficial interest, issued | 0 shares | 0 shares |
| Preferred shares of beneficial interest, outstanding | 0 shares | 0 shares |
| Common shares, par value | $0.01 | $0.01 |
| Common shares, shares authorized | 95.0M shares | 95.0M shares |
| Common shares, issued | 13.9M shares | 13.9M shares |
| Common shares, outstanding | 13.9M shares | 13.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Buildings and improvements and construction in progress | $666.1M | $656.0M |
| Accumulated depreciation | -$313.0M | -$286.9M |
| Real Estate Investment Property, Net, Total | $353.1M | $369.1M |
| Land | $56.9M | $56.9M |
| Net Real Estate Investments | $410.0M | $425.9M |
| Financing receivable from UHS | $82.1M | $82.8M |
| Net Real Estate Investments and Financing receivable | $492.2M | $508.7M |
| "Investments in and advances to limited liability companies (""LLCs"")" | $20.1M | $13.9M |
| Cash and cash equivalents | $6.7M | $7.1M |
| Lease and other receivables from UHS | $7.5M | $7.1M |
| Lease receivable - other | $8.0M | $8.0M |
| Intangible assets (net of accumulated amortization of $10.9 million and $11.3 million, respectively) | $5.6M | $7.3M |
| Right-of-use land assets, net | $11.4M | $10.9M |
| Deferred charges, notes receivable and other assets, net | $13.3M | $17.7M |
| Total Assets | $564.9M | $580.9M |
| Line of credit borrowings | $356.2M | $348.9M |
| Mortgage notes payable, non-recourse to us, net | $18.4M | $19.3M |
| Accrued interest | $910.0K | $694.0K |
| Accrued expenses and other liabilities | $13.8M | $10.4M |
| Ground lease liabilities, net | $11.4M | $10.9M |
| Tenant reserves, deposits and deferred and prepaid rents | $11.8M | $11.0M |
| Total Liabilities | $412.5M | $401.3M |
| Common shares, $.01 par value; 95,000,000 shares authorized; issued and outstanding: 2025 - 13,874,607; 2024 - 13,850,608 | $139.0K | $138.0K |
| Capital in excess of par value | $272.1M | $271.1M |
| Cumulative net income and other | $862.9M | $845.3M |
| Cumulative dividends | -$984.4M | -$943.4M |
| Accumulated other comprehensive income | $1.6M | $6.4M |
| Total Equity | $152.4M | $179.5M |
| Total Liabilities and Equity | $564.9M | $580.9M |
| Intangible assets, accumulated amortization | $10.9M | $11.3M |
| Preferred shares of beneficial interest, par value | $0.01 | $0.01 |
| Preferred shares of beneficial interest, shares authorized | 5.0M shares | 5.0M shares |
| Preferred shares of beneficial interest, issued | 0 shares | 0 shares |
| Preferred shares of beneficial interest, outstanding | 0 shares | 0 shares |
| Common shares, par value | $0.01 | $0.01 |
| Common shares, shares authorized | 95.0M shares | 95.0M shares |
| Common shares, issued | 13.9M shares | 13.9M shares |
| Common shares, outstanding | 13.9M shares | 13.9M shares |
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $17.6M | $19.2M | $15.4M |
| Depreciation and amortization | $28.9M | $27.4M | $27.7M |
| Amortization related to above/below market leases, net | -$169.0K | -$176.0K | -$143.0K |
| Amortization of debt premium | -$40.0K | ||
| Amortization of deferred financing costs | $762.0K | $765.0K | $729.0K |
| Stock-based compensation expense | $936.0K | $853.0K | $780.0K |
| Loss on divestiture of real estate assets | $232.0K | ||
| Lease receivables | -$458.0K | -$760.0K | -$513.0K |
| Accrued expenses and other liabilities | $2.1M | -$309.0K | -$316.0K |
| Tenant reserves, deposits and deferred and prepaid rents | $779.0K | -$20.0K | -$516.0K |
| Accrued interest | $216.0K | $204.0K | $117.0K |
| Leasing costs paid | -$1.9M | -$1.3M | -$1.8M |
| Other, net | $348.0K | $967.0K | $1.2M |
| Net cash provided by operating activities | $49.1M | $46.9M | $42.9M |
| Investments in LLCs | -$6.8M | -$5.9M | -$4.1M |
| Cash distributions from LLCs | $683.0K | $1.1M | $757.0K |
| Advance received from LLC, net | $3.5M | ||
| Additions to real estate investments, net | -$8.8M | -$9.1M | -$15.6M |
| Cash paid for acquisition of properties | -$7.6M | ||
| Cash proceeds received from divestiture of properties, net | $3.9M | ||
| Net cash used in investing activities | -$15.0M | -$13.9M | -$19.1M |
| Net borrowings on line of credit | $7.3M | $22.3M | $28.5M |
| Repayments of mortgage notes payable | -$940.0K | -$13.6M | -$11.9M |
| Financing costs paid | -$35.0K | -$2.4M | -$222.0K |
| Dividends paid | -$41.0M | -$40.4M | -$39.8M |
| Issuance of shares of beneficial interest, net | $156.0K | -$131.0K | $147.0K |
| Net cash used in financing activities | -$34.5M | -$34.1M | -$23.2M |
| (Decrease)/increase in cash and cash equivalents | -$411.0K | -$1.1M | $598.0K |
| Interest paid | $17.9M | $17.9M | $16.3M |
| Invoices accrued for construction and improvements | $1.8M | $522.0K | $2.9M |
No quarter-by-quarter statement was filed.
Compare UNIVERSAL HEALTH REALTY INCOME TRUST with another company
Corporate structure
UNIVERSAL HEALTH REALTY INCOME TRUST sits at the top of its group. 42 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of UNIVERSAL HEALTH REALTY INCOME TRUST
- BlackRock Filed SCHEDULE 13G/A on UNIVERSAL HEALTH REALTY INCOME TRUST, latest Jul 8, 2026 (8 filings since Jan 25, 2022)
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on UNIVERSAL HEALTH REALTY INCOME TRUST, latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on UNIVERSAL HEALTH REALTY INCOME TRUST, latest Mar 27, 2026 (6 filings since Feb 10, 2022)
- State Street Corporation Filed SC 13G/A on UNIVERSAL HEALTH REALTY INCOME TRUST, latest Oct 18, 2024 (4 filings since Feb 10, 2022)
- UNIVERSAL HEALTH REALTY INCOME TRUST Baltimore, Maryland, United States
- 3811 Bell Medical Properties, LLC Subsidiary · Delaware, United States
- 5004 Pool Road Properties, LP Subsidiary · Texas, United States
- 653 Town Center Investments, LLC Subsidiary · Arizona, United States
- ApaMed Properties, LLC Subsidiary · Arizona, United States
- Arlington Medical Properties, LLC Subsidiary · Arizona, United States
- Auburn Medical Properties II, LLC Subsidiary · Delaware, United States
- BRB/E Building One, LLC Subsidiary · Texas, United States
- Brunswick Associates, LLC Subsidiary · New York, United States
- Centennial Medical Properties, LLC Subsidiary · Delaware, United States
- Cimarron Medical Properties, LLC Subsidiary · Texas, United States
- Cypresswood Investments, L.P. Subsidiary · Georgia, United States
- DesMed, LLC Subsidiary · Arizona, United States
- DTX Medical Properties, LLC Subsidiary · Texas, United States
- DVMC Properties, LLC Subsidiary · Arizona, United States
- Forney Deerval, LLC Subsidiary · Texas, United States
- Forney Willetta, LLC Subsidiary · Texas, United States
- FTX Healthcare GP, LLC Subsidiary · Texas, United States
- FTX MOB Phase II, LP Subsidiary · Texas, United States
- Gold Shadow Properties, LLC Subsidiary · Arizona, United States
- Hanover Medical Properties, LLC Subsidiary · Virginia, United States
- NSHE TX Bay City, LLC Subsidiary · Texas, United States
- NSHE TX Cedar Park, LLC Subsidiary · Texas, United States
- NWTX Medical Properties, LLC Subsidiary · Texas, United States
- Oneida Medical Properties, LP Subsidiary · Texas, United States
- Osage Medical Properties, LLC Subsidiary · Arkansas, United States
- and 16 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What UNIVERSAL HEALTH REALTY INCOME TRUST reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $56.9M6 Dec 31, 2025 | $56.9M6 Dec 31, 2024 | 0% |
| Operating-lease assets (leased space) | $11.4M6 Dec 31, 2025 | $10.9M6 Dec 31, 2024 | +4.4% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $353.1M6 Dec 31, 2025 | $369.1M6 Dec 31, 2024 | −4.3% |
| Real estate investments, at cost | $666.1M6 Dec 31, 2025 | $656.0M6 Dec 31, 2024 | +1.5% |
| Real estate accumulated depreciation | $313.0M6 Dec 31, 2025 | $286.9M6 Dec 31, 2024 | +9.1% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $5.6M6 Dec 31, 2025 | $7.3M6 Dec 31, 2024 | −23.0% |
| Accumulated amortization | $10.9M6 Dec 31, 2025 | $11.3M6 Dec 31, 2024 | −3.5% |
Properties, in its own words
The following table shows our investments in hospital facilities owned by us and leased to UHS and other non-related parties and also provides information related to various properties in which we have or had significant investments, some of which are accounted for by the equity method. The capacity in terms of beds (for the hospital facilities) and the five-year occupancy levels are based on information provided by the lessees.
Lease Term
The rest of Item 2
Number · End of · % of RSF
of · initial · under
available · Average Occupancy(1) · Minimum · or · Renewal · lease with · Range of
Type of · beds @ · lease · renewed · term · guaranteed · guaranteed
Hospital Facility Name and Location · facility · 12/31/2025 · 2025 · 2024 · 2023 · 2022 · 2021 · revenue (6) · term · (years) · escalators · escalation
Aiken Regional Medical Center / Aurora Pavilion (2)(5)(7) Aiken, South Carolina · Acute Care / Behavioral Health · 273 · 57% · 59% · 60% · 55% · N/A · $3,683,000 · 2033 · 35 · 100% · 2.25%
McAllen Medical Center(3)(5)(7) McAllen, Texas · Acute Care · 370 · 55% · 53% · 56% · 49% · 51% · 5,485,000 · 2026 · 5 · 0% · —
Wellington Regional Medical Center(4)(5)(7) West Palm Beach, Florida · Acute Care · 155 · 77% · 74% · 73% · 73% · 75% · 6,643,000 · 2026 · 5 · 100% · 2.50%
Canyon Creek Behavioral Health(2)(5)(7) Temple, Texas · Behavioral Health Care · 102 · 52% · 48% · 52% · 45% · N/A · 1,665,000 · 2033 · 35 · 100% · 2.25%
Clive Behavioral Health(5)(7)(9) Clive, Iowa · Behavioral Health Care · 100 · 63% · 51% · 48% · 36% · 16% · 3,348,000 · 2040 · 50 · 100% · 2.75%
Specialty Facility Name and Location
Evansville Facility(8) Evansville, Indiana · Specialty · 0 · — · — · — · — · — · — · — · — · 0% · —
Lease Term
End of · % of RSF
initial · under
Type · Average Occupancy(1) · Minimum · or · Renewal · lease with · Range of
of · lease · renewed · term · guaranteed · guaranteed
Facility Name and Location · facility · 2025 · 2024 · 2023 · 2022 · 2021 · revenue (6) · term · (years) · escalators · escalation
Spring Valley MOB I (5) Las Vegas, Nevada · MOB · 80% · 87% · 88% · 83% · 86% · $1,130,000 · 2026-2032 · Various · 100% · 2%-3%
Spring Valley MOB II (5) Las Vegas, Nevada · MOB · 95% · 95% · 90% · 95% · 95% · 1,347,000 · 2026-2033 · Various · 100% · 2%-3%
Summerlin Hospital MOB I (5) Las Vegas, Nevada · MOB · 73% · 80% · 79% · 78% · 79% · 1,414,000 · 2026-2031 · Various · 100% · 2%-5%
Summerlin Hospital MOB II (5) Las Vegas, Nevada · MOB · 91% · 91% · 88% · 74% · 73% · 2,210,000 · 2026-2033 · Various · 100% · 2%-5%
Summerlin Hospital MOB III (5) Las Vegas, Nevada · MOB · 76% · 82% · 89% · 86% · 88% · 1,914,000 · 2026-2034 · Various · 100% · 2%-3%
Rosenberg Children’s Medical Plaza Phoenix, Arizona · MOB · 100% · 100% · 100% · 100% · 100% · 2,559,000 · 2026-2033 · Various · 100% · 2%-3%
Centennial Hills MOB (5) Las Vegas, Nevada · MOB · 81% · 80% · 79% · 79% · 79% · 1,940,000 · 2026-2035 · Various · 100% · 2%-5%
PeaceHealth Medical Clinic Bellingham, Washington · MOB · 100% · 100% · 100% · 100% · 100% · 2,937,000 · 2029 · 7 · 100% · 3%
Lake Pointe Medical Arts Building Rowlett, Texas · MOB · 92% · 87% · 88% · 82% · 84% · 1,328,000 · 2026-2034 · Various · 100% · 3%-4%
Chandler Corporate Center III Chandler, Arizona · MOB · 100% · 100% · 92% · 92% · 92% · 1,424,000 · 2027 · Various · 100% · 3%
Frederick Crestwood MOB Frederick, Maryland · MOB · 100% · 100% · 100% · 100% · 100% · 1,551,000 · 2026-2030 · Various · 100% · 2%-4%
Henderson Union Village MOB (5) Henderson, Nevada · MOB · 73% · 73% · 72% · 68% · 61% · 1,715,000 · 2026-2033 · Various · 100% · 2%-3%
Midcoast Hospital MOB Brunswick, Maine · MOB · 100% · 100% · 100% · 100% · 100% · 1,778,000 · 2026 · Various · 100% · 2%
Texoma Medical Plaza (5) Denison, Texas · MOB · 96% · 92% · 91% · 93% · 96% · 2,455,000 · 2026-2035 · Various · 100% · 3%
Forney Medical Plaza Forney, Texas · MOB · 90% · 90% · 90% · 86% · 82% · 1,292,000 · 2026-2035 · Various · 100% · 3%-4%
Northwest Texas Prof. Office Tower Amarillo, Texas (8) · MOB · 83% · 100% · 100% · 100% · 100% · 276,000 · 2026 · Various · 100% · 3%
Desert Valley Medical Center Phoenix, Arizona · MOB · 86% · 86% · 89% · 94% · 98% · 1,255,000 · 2026-2032 · Various · 100% · 3%
Gold Shadow - 700 Shadow (5) Las Vegas, Nevada · MOB · 56% · 72% · 72% · 67% · 53% · 570,000 · 2026-2030 · Various · 100% · 3%
Gold Shadow - 2010 & 2020 Goldring MOB's (5) Las Vegas, Nevada · MOB · 100% · 97% · 96% · 91% · 85% · 2,117,000 · 2026-2032 · Various · 100% · 2%-3%
Madison Professional Office Building Madison, Alabama · MOB · 89% · 93% · 87% · 90% · 100% · 840,000 · 2027-2028 · Various · 100% · 3%
Sierra Medical Plaza I Reno, Nevada (5) · MOB · 68% · 67% · — · — · — · 1,801,000 · 2033-2039 · Various · 100% · 3%
St. Matthews Medical Plaza II Louisville, Kentucky · MOB · 100% · 100% · 100% · 100% · 100% · 2,754,000 · 2027-2035 · Various · 75% · 3%
2704 North Tenaya Way Las Vegas, Nevada · MOB · 100% · 100% · 100% · 100% · 100% · 1,230,000 · 2029 · 12 · 100% · 2%
Phoenix Children’s East Valley Care Center Phoenix, Arizona · MOB · 100% · 100% · 100% · 100% · 100% · 1,267,000 · 2032 · 20 · — · —
Sierra San Antonio Medical Plaza Fontana, California · MOB · 89% · 78% · 72% · 73% · 73% · 1,472,000 · 2026-2036 · Various · 100% · 2%-4%
The Sparks Medical Building Sparks, Nevada · MOB · 100% · 100% · 100% · 100% · 100% · 951,000 · 2026-2030 · Various · 96% · 2%-3%
Vista Medical Terrace Sparks, Nevada · MOB · 35% · 37% · 37% · 38% · 40% · 499,000 · 2026-2030 · Various · 100% · 2%-5%
Ambulatory Care Facility Name & Location
Hanover Emergency Center Mechanicsville, Virginia · Ambulatory Care · 100% · 100% · 100% · 100% · 100% · 698,000 · 2029 · 5 · 100% · 2%
South Texas ER at Mission Mission, Texas · Ambulatory Care · 100% · 100% · 100% · 100% · 100% · 546,000 · 2030 · 5 · 100% · 2%
South Texas ER at Weslaco Weslaco, Texas · Ambulatory Care · 100% · 100% · 100% · 100% · 100% · 590,000 · 2030 · 5 · 100% · 2%
Item 2 of the 10-K filed Feb 25, 2026.5
Leadership
Who has led UNIVERSAL HEALTH REALTY INCOME TRUST, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- Chief financial officerCharles F. Boyle Mar 2, 2007 to now15
Board members and other officers (8)
- VP, Treasurer & SecretaryCheryl K. Ramagano Mar 2, 2007 to now16
- Vice PresidentTimothy J. Fowler Mar 15, 2006 to Jun 3, 202117
- Board memberRebecca A. Guzman Nov 30, 2022 to now18
- Board memberMarc D. Miller Jun 13, 2019 to now19
- Board memberRobert F. McCadden Jun 13, 2019 to now20
- Board memberGayle L. Capozzalo Mar 14, 2018 to now21
- Board memberJames P. Morey Jul 23, 2018 to now22
- Board memberMichael Allan Domb Dec 11, 2017 to now23
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 3811 Bell Medical Properties, LLC Delaware4
- 5004 Pool Road Properties, LP Texas4
- 653 Town Center Investments, LLC Arizona4
- ApaMed Properties, LLC Arizona4
- Arlington Medical Properties, LLC Arizona4
- Auburn Medical Properties II, LLC Delaware4
- BRB/E Building One, LLC Texas4
- Brunswick Associates, LLC New York4
- Centennial Medical Properties, LLC Delaware4
- Cimarron Medical Properties, LLC Texas4
- Cypresswood Investments, L.P. Georgia4
- DTX Medical Properties, LLC Texas4
- DVMC Properties, LLC Arizona4
- DesMed, LLC Arizona4
- FTX Healthcare GP, LLC Texas4
- FTX MOB Phase II, LP Texas4
- Forney Deerval, LLC Texas4
- Forney Willetta, LLC Texas4
- Gold Shadow Properties, LLC Arizona4
- Hanover Medical Properties, LLC Virginia4
- NSHE TX Bay City, LLC Texas4
- NSHE TX Cedar Park, LLC Texas4
- NWTX Medical Properties, LLC Texas4
- Oneida Medical Properties, LP Texas4
All 41 listed subsidiaries
- Osage Medical Properties, LLC Arkansas4
- Ottumwa Medical Properties, LLC Iowa4
- PAX Medical Holdings, LLC Delaware4
- PCH Medical Properties, LLC Arizona4
- Paseo Medical Properties II, LLC Arizona4
- Riverdale Realty, LLC Georgia4
- Sand Point Medical Properties, LLC Michigan4
- Santa Fe Scottsdale, LLC Arizona4
- Saratoga Hospital Properties, LP Texas4
- Sheffield Properties, LLC Georgia4
- Shiloh Medical Properties, LLC Arkansas4
- Sparks Medical Properties, LLC Delaware4
- Spring Valley Medical Properties II, LLC Delaware4
- Spring Valley Medical Properties, LLC Arizona4
- Tuscan Medical Properties, LLC Delaware4
- UHT TRS, LLC Delaware4
- Willetta Medical Properties, LLC Arizona4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Jul 27, 20268-K Results of operations24
- Jun 11, 20268-K Executive or director change; Shareholder vote25
- Apr 27, 20268-K Results of operations26
- Apr 24, 20268-K Entered a material agreement; New debt or obligation27
- Feb 25, 20268-K Results of operations28
- Oct 27, 20258-K Results of operations29
- Jul 28, 20258-K Results of operations30
- Jun 12, 20258-K Executive or director change; Shareholder vote31
- Apr 28, 20258-K Results of operations32
- Feb 26, 20258-K Results of operations33
- Oct 24, 20248-K Results of operations34
- Oct 2, 20248-K Entered a material agreement; New debt or obligation35
Calendar
Coming up
- Oct 26, 2026Reports results for the quarter ending Sep/202636
When it reported results
- Jul 27, 2026Reported quarterly or annual results24
- Apr 27, 2026Reported quarterly or annual results26
- Feb 25, 2026Reported quarterly or annual results28
- Oct 27, 2025Reported quarterly or annual results29
- Jul 28, 2025Reported quarterly or annual results30
- Apr 28, 2025Reported quarterly or annual results32
- Feb 26, 2025Reported quarterly or annual results33
- Oct 24, 2024Reported quarterly or annual results34
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
156 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 30 major events, 63 insider forms, 19 large holders, 24 other. The latest 20:
- Aug 7, 202610-Q EDGAR
- Jul 27, 20268-K EDGAR
- Jul 8, 2026SCHEDULE 13G/A EDGAR
- Jun 11, 20268-K EDGAR
- Jun 11, 20264 PRIMARY DOCUMENT EDGAR
- Jun 11, 20264 PRIMARY DOCUMENT EDGAR
- Jun 11, 20264 PRIMARY DOCUMENT EDGAR
- Jun 11, 20264 PRIMARY DOCUMENT EDGAR
- Jun 11, 20264 PRIMARY DOCUMENT EDGAR
- Jun 11, 20264 PRIMARY DOCUMENT EDGAR
- Jun 11, 20264 PRIMARY DOCUMENT EDGAR
- Jun 11, 20264 PRIMARY DOCUMENT EDGAR
- Jun 11, 20264 PRIMARY DOCUMENT EDGAR
- Jun 11, 20264 PRIMARY DOCUMENT EDGAR
- Jun 5, 20264 PRIMARY DOCUMENT EDGAR
- May 7, 202610-Q EDGAR
- Apr 29, 2026SCHEDULE 13G EDGAR
- Apr 28, 2026DEFA14A EDGAR
- Apr 28, 2026DEF 14A EDGAR
- Apr 28, 2026ARS EDGAR
The 156 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
10 open-market trades by officers, directors and large owners since October 2021: 10 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 29, 2025 | MILLER ALAN BPresident, and CEO | Buy | 12,247 | $37.02 | $453.4K | Form 4 |
| May 9, 2024 | McCadden Robert FDirector | Buy | 2,000 | $37.38 | $74.8K | Form 4 |
| Apr 26, 2024 | MILLER ALAN BPresident, and CEO | Buy | 6,000 | $34.65 | $207.9K | Form 4 |
| May 3, 2023 | MILLER ALAN BPresident, and CEO | Buy | 2,395 | $43.18 | $103.4K | Form 4 |
| Mar 10, 2023 | McCadden Robert FDirector | Buy | 1,000 | $48.12 | $48.1K | Form 4 |
| Mar 7, 2023 | MILLER ALAN BPresident, and CEO | Buy | 2,000 | $48.81 | $97.6K | Form 4 |
| Sep 14, 2022 | MILLER ALAN BPresident, and CEO | Buy | 2,000 | $48.32 | $96.6K | Form 4 |
| Sep 8, 2022 | MILLER ALAN BPresident, and CEO | Buy | 2,000 | $48.90 | $97.8K | Form 4 |
| May 11, 2022 | McCadden Robert FDirector | Buy | 500 | $47.81 | $23.9K | Form 4 |
| May 10, 2022 | McCadden Robert FDirector | Buy | 2,000 | $47.88 | $95.8K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BlackRockSCHEDULE 13G/A, 8 filings Jan 25, 2022 to Jul 8, 202637
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202638
- VANGUARD GROUP INCSCHEDULE 13G/A, 6 filings Feb 10, 2022 to Mar 27, 202639
- State Street CorporationSC 13G/A, 4 filings Feb 10, 2022 to Oct 18, 202440
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Alan B. Miller | $241.9K | $268.8K41 | |
| 2025 | Charles F. Boyle | $140.6K | $156.2K41 | |
| 2025 | Cheryl K. Ramagano | $140.6K | $156.2K41 | |
| 2025 | Karla J. Peterson | $61.9K | $68.7K41 | |
| 2024 | Chairman of the Board, | $232.6K | $256.1K41 | |
| 2024 | Senior VicePresident and | $135.2K | $148.9K41 | |
| 2024 | Vice President, | $59.5K | $66.0K41 | |
| 2023 | Chief Executive Officer and President | $223.6K | $240.9K41 | |
| 2023 | Chief Financial Officer | $130.0K | $140.0K41 | |
| 2023 | Treasurer and Secretary | $130.0K | $140.0K41 | |
| 2023 | Acquisitions and Development | $57.2K41 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How UNIVERSAL HEALTH REALTY INCOME TRUST is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARUNIVERSAL HEALTH REALTY INCOME TRUST1
- CIK0000798783
- Employer ID (EIN)23-68585805
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inMaryland5
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business addressUniversal Corporate Ctr, 367 S Gulph Rd, King Of Prussia, PA 194061
- Mailing addressUniversal Corporate Ctr, 367 S Gulph Road, King Of Prussia, PA 194061
- Phone610-265-06881
- Shares outstanding13,898,684 as of Jul 31, 202612
- Public float$512.9M as of Jun 30, 20255
- AuditorKPMG LLP, Philadelphia, Pennsylvania PCAOB ID 185; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceFeb 27, 19951
- Filings789 in all: 4 (278), 8-K (159), 10-Q (95), SC 13G/A (58), DEF 14A (32), 10-K (30), DEFA14A (18), SC 13G (18)1
All 32 form types
UPLOAD (17), ARS (15), CORRESP (12), 3 (8), 424B2 (5), S-3 (5), S-8 (5), 4/A (4), EFFECT (4), PRRN14A (4), 8-K/A (3), SCHEDULE 13G/A (3), 10-K405 (2), 424B5 (2), DEFN14A (2), PREN14A (2), 424B4 (1), DEFR14A (1), PRE 14A (1), S-3/A (1), S-3ASR (1), S-3D (1), SC 13D/A (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Feb 25, 2026
Quarterly report (10-Q) Aug 7, 2026
Proxy statement (DEF 14A) Apr 28, 2026
Latest 8-K (8-K) Jul 27, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Shares of beneficial interest, $0.01 par value | UHT | New York Stock Exchange |
From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks UNIVERSAL HEALTH REALTY INCOME TRUST names in Item 1A of its 10-K filed Feb 25, 2026: 32 risks under these headings, as written.5
- The revenues and results of operations of the operators of our hospital facilities, including UHS, and our medical office buildings, are significantly affected by payments received from the government and other third-party payers.
- Reductions or changes in Medicare and Medicaid funding could have a material adverse effect on the future operating results of the operators of our facilities, including UHS, which could, in turn, materially reduce our revenues and net income.
- The uncertainties of health care reform could materially affect the business and future results of operations of the operators of our facilities, including UHS, which could, in turn, materially reduce our revenues and net income.
- The trend toward value-based purchasing may negatively impact the revenues of our hospital operators.
- Operators that fail to comply with governmental reimbursement programs such as Medicare or Medicaid, licensing and certification requirements, fraud and abuse regulations or new legislative developments may be unable to meet their obligations to us.
- U.S. federal tax reform legislation now and in the future could affect REITs, both positively and negatively, in ways that are difficult to anticipate.
- UHS and its subsidiaries are subject to pending legal actions, purported stockholder class actions, governmental investigations and regulatory actions.
- Required regulatory approvals can delay or prohibit transfers of our healthcare facilities.
- Risks Related to Business Operations
- Increased competition in the health care industry has resulted in lower revenues and higher costs for our operators, including UHS, and may affect our revenues, property values and lease renewal terms.
- A substantial portion of our revenues are dependent upon one operator. If UHS experiences financial difficulties, or otherwise fails to make payments to us, or elects not to renew the leases on our three acute care hospitals, our revenues could be materially reduced.
- Our relationship with UHS may create conflicts of interest.
The other 21 risks
- We hold non-controlling equity ownership interests in various joint-ventures.
- The bankruptcy, default, insolvency or financial deterioration of our tenants could significantly delay our ability to collect unpaid rents or require us to find new operators.
- Real estate ownership creates risks and liabilities that may result in unanticipated losses or expenses.
- Changes to U.S. and other countries’ trade policies and other factors beyond our control may adversely impact our business and operating results.
- If we fail to maintain our REIT status, we will become subject to federal income tax on our taxable income at regular corporate rates.
- Even if we remain qualified as a REIT, we may face other tax liabilities that reduce our cash flow.
- Dividends paid by REITs generally do not qualify for reduced tax rates.
- Should we be unable to comply with the strict income distribution requirements applicable to REITs utilizing only cash generated by operating activities, we would be required to generate cash from other sources which could adversely affect our financial condition.
- Complying with REIT requirements may cause us to forego otherwise attractive opportunities.
- Significant potential liabilities and rising insurance costs and availability may have an adverse effect on the operations of our operators, which may negatively impact their ability to meet their obligations to us.
- We depend heavily on key management personnel and the departure of one or more of our key executives or a significant portion of our operators’ local hospital management personnel could harm our business.
- Increasing investor interest in our sector and consolidation at the operator or REIT level could increase competition and reduce our profitability.
- We may be required to incur substantial renovation costs to make certain of our healthcare properties suitable for other operators and tenants.
- A cyber security incident could cause a violation of HIPAA, breach of member privacy, or other negative impacts.
- Risks Related to the Market Conditions and Liquidity
- Continuing inflationary pressures and a worsening of the economic and employment conditions in the United States could materially affect our business and future results of operations of the operators of our facilities which could, in turn, materially reduce our revenues and net income.
- The deterioration of credit and capital markets may adversely affect our access to sources of funding and we cannot be certain of the availability and terms of capital to fund the growth of our business when needed.
- We continue to see rising costs in construction materials and labor. Such increased costs could have an adverse effect on the cash flow return on investment relating to our capital projects.
- Catastrophic weather and other natural events, whether caused by climate change or otherwise, could result in damage to our properties.
- Risks Related to Our Securities
- The market value of our common stock could be substantially affected by various factors.
- When interest rates increase, our common stock may decline in price.
- Ownership limitations and anti-takeover provisions in our declaration of trust and bylaws and under Maryland law and in our leases with UHS may delay, defer or prevent a change in control or other transactions that could provide shareholders with a take-over premium. We are subject to significant anti-takeover provisions.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARTimothy J. Fowler, Vice President
- 18SEC EDGARRebecca A. Guzman, Board member
- 19SEC EDGARMarc D. Miller, Board member
- 20SEC EDGARRobert F. McCadden, Board member
- 21SEC EDGARGayle L. Capozzalo, Board member
- 22SEC EDGARJames P. Morey, Board member
- 23SEC EDGARMichael Allan Domb, Board member
- 24SEC EDGARResults of operations
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- 26SEC EDGARResults of operations
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- 28SEC EDGARResults of operations
- 29SEC EDGARResults of operations
- 30SEC EDGARResults of operations
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- 32SEC EDGARResults of operations
- 33SEC EDGARResults of operations
- 34SEC EDGARResults of operations
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- 36NasdaqNasdaq calendar
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