Tearsheet

Universal Health Realty Income Trust (UHT)


Market Price (12/27/2025): $39.26 | Market Cap: $542.9 Mil
Sector: Real Estate | Industry: Health Care REITs

Universal Health Realty Income Trust (UHT)


Market Price (12/27/2025): $39.26
Market Cap: $542.9 Mil
Sector: Real Estate
Industry: Health Care REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 7.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.7%, FCF Yield is 8.9%
Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -80%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 70%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 49%
  Key risks
UHT key risks include [1] a significant tenant concentration with its advisor, Show more.
2 Low stock price volatility
Vol 12M is 23%
  
3 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease. Themes include Geriatric Care, Oncology Treatments, and Diabetes Management.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 7.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.7%, FCF Yield is 8.9%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 49%
2 Low stock price volatility
Vol 12M is 23%
3 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease. Themes include Geriatric Care, Oncology Treatments, and Diabetes Management.
4 Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -80%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 70%
6 Key risks
UHT key risks include [1] a significant tenant concentration with its advisor, Show more.

Valuation, Metrics & Events

UHT Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

Here are five key points explaining why Universal Health Realty Income Trust (UHT) stock experienced movements, including minor fluctuations such as 0.5%, in the approximate time period from August 31, 2025, to December 27, 2025:

<b>1. Q2 2025 Earnings Decline:</b> Universal Health Realty Income Trust reported a decline in its net income and diluted earnings per share for the second quarter of 2025. This was primarily attributed to higher interest expenses resulting from increased borrowings and weaker income at some properties. This financial performance likely contributed to a cautious investor sentiment, potentially leading to minor downward pressure or limiting significant positive movements.

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<b>2. Small Quarterly Dividend Increase:</b> The company announced a modest increase in its quarterly dividend, with $0.745 per share to be paid on December 31, 2025. While generally a positive signal, such a small increment might have been largely anticipated by the market or considered insufficient to generate substantial upward momentum, resulting in minimal impact on the stock price.

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<b>3. Analyst Downgrade to "Hold" Status:</b> Around December 2025, some analysts downgraded their recommendations for UHT from "Buy" to "Hold" due to perceived weaknesses in the stock's technical indicators. This shift in analyst sentiment could have caused minor selling pressure or discouraged new investment, contributing to limited stock appreciation.

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<b>4. Caution Regarding Healthcare Operating Environment:</b> Management expressed ongoing caution about tenant risks within the healthcare operating environment, citing factors such as staffing shortages, governmental healthcare funding, and patient volumes. These forward-looking statements can introduce a degree of uncertainty among investors, which may lead to slight negative adjustments in the stock's valuation.

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<b>5. Mixed Healthcare REIT Sector Performance:</b> The broader healthcare Real Estate Investment Trust (REIT) sector experienced varied performance leading up to December 2025, with periods of both outperformance against major indices and instances of being in negative territory. The overall industry trend for healthcare REITs was noted as "flat" in the week ending December 26, 2025. UHT's stock movements can be influenced by these general sentiments and the performance of its peer group.

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Stock Movement Drivers

Fundamental Drivers

The 2.5% change in UHT stock from 9/26/2025 to 12/26/2025 was primarily driven by a 2.4% change in the company's P/E Multiple.
926202512262025Change
Stock Price ($)38.3939.332.46%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)98.5599.360.82%
Net Income Margin (%)18.19%18.06%-0.71%
P/E Multiple29.5830.312.45%
Shares Outstanding (Mil)13.8113.83-0.09%
Cumulative Contribution2.46%

LTM = Last Twelve Months as of date shown

Market Drivers

9/26/2025 to 12/26/2025
ReturnCorrelation
UHT2.5% 
Market (SPY)4.3%-13.6%
Sector (XLRE)-3.2%37.4%

Fundamental Drivers

The 2.0% change in UHT stock from 6/27/2025 to 12/26/2025 was primarily driven by a 6.5% change in the company's P/E Multiple.
627202512262025Change
Stock Price ($)38.5539.332.03%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)98.4299.360.96%
Net Income Margin (%)19.01%18.06%-5.00%
P/E Multiple28.4530.316.52%
Shares Outstanding (Mil)13.8113.83-0.13%
Cumulative Contribution2.03%

LTM = Last Twelve Months as of date shown

Market Drivers

6/27/2025 to 12/26/2025
ReturnCorrelation
UHT2.0% 
Market (SPY)12.6%0.6%
Sector (XLRE)-0.7%43.4%

Fundamental Drivers

The 12.9% change in UHT stock from 12/26/2024 to 12/26/2025 was primarily driven by a 14.5% change in the company's P/E Multiple.
1226202412262025Change
Stock Price ($)34.8339.3312.90%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)98.6999.360.68%
Net Income Margin (%)18.41%18.06%-1.88%
P/E Multiple26.4830.3114.46%
Shares Outstanding (Mil)13.8113.83-0.15%
Cumulative Contribution12.90%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2024 to 12/26/2025
ReturnCorrelation
UHT12.9% 
Market (SPY)15.8%24.9%
Sector (XLRE)1.4%60.1%

Fundamental Drivers

The 0.8% change in UHT stock from 12/27/2022 to 12/26/2025 was primarily driven by a 503.8% change in the company's P/E Multiple.
1227202212262025Change
Stock Price ($)39.0239.330.81%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)87.9199.3613.03%
Net Income Margin (%)121.82%18.06%-85.17%
P/E Multiple5.0230.31503.79%
Shares Outstanding (Mil)13.7813.83-0.38%
Cumulative Contribution0.80%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2023 to 12/26/2025
ReturnCorrelation
UHT3.1% 
Market (SPY)48.0%24.8%
Sector (XLRE)6.6%56.5%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
UHT Return-43%-3%-15%-4%-7%15%-52%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
UHT Win Rate33%42%50%50%50%58% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
UHT Max Drawdown-54%-11%-28%-18%-24%-6% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventUHTS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-49.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven99.0%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-59.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven148.3%51.3%
2020 Covid PandemicTime to BreakevenTime to BreakevenNot Fully Recovered days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-34.3%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven52.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven432 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-40.5%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven68.2%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven830 days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Universal Health Realty Income Trust's stock fell -49.8% during the 2022 Inflation Shock from a high on 3/15/2021. A -49.8% loss requires a 99.0% gain to breakeven.

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Asset Allocation

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About Universal Health Realty Income Trust (UHT)

Universal Health Realty Income Trust, a real estate investment trust, invests in healthcare and human service related facilities including acute care hospitals, rehabilitation hospitals, sub-acute care facilities, medical/office buildings, free-standing emergency departments and childcare centers. We have investments in seventy-one properties located in twenty states, including two that are currently under construction.

AI Analysis | Feedback

1. UHT is like Realty Income (O), but instead of owning and leasing retail properties, it owns and leases hospitals and medical facilities.

2. Similar to Simon Property Group (SPG), but UHT focuses on owning and leasing hospitals and medical office buildings rather than malls.

AI Analysis | Feedback

  • Leasing of Acute Care Hospitals: Providing real estate facilities for short-term medical and surgical care.
  • Leasing of Behavioral Health Facilities: Offering specialized properties for mental health and substance abuse treatment.
  • Leasing of Medical Office Buildings: Supplying modern office spaces for physicians' practices, outpatient clinics, and other healthcare services.
  • Leasing of Rehabilitation Facilities: Providing properties equipped for physical, occupational, and speech therapy services.
  • Leasing of Child Care Centers: Offering facilities for early childhood education and care.

AI Analysis | Feedback

Universal Health Realty Income Trust (UHT) operates as a Real Estate Investment Trust (REIT) that owns and leases healthcare facilities.

The company sells primarily to other companies, specifically healthcare operators who lease its properties.

Its major customer is:

  • Universal Health Services, Inc. (UHS) - Symbol: UHS

Universal Health Services, Inc. is a leading provider of hospital and healthcare services, and a significant portion of UHT's properties are leased to UHS and its subsidiaries. While UHT does have other tenants, UHS represents the overwhelming majority of its rental income and is its foundational customer due to their historical and ongoing relationship.

AI Analysis | Feedback

  • Universal Health Services, Inc. (NYSE: UHS)

AI Analysis | Feedback

Alan B. Miller, Chairman of the Board of Trustees, Chief Executive Officer and President

Mr. Miller has been the Chairman of the Board and Chief Executive Officer of Universal Health Realty Income Trust (UHT) since its inception in 1986. He is also the Founder and Executive Chairman of Universal Health Services, Inc. (UHS), a Fortune 300 company and one of the largest providers of hospital and healthcare services in the nation, which he founded in 1978. Prior to founding UHS, Mr. Miller was Chairman and CEO of American Medicorp Inc., a pioneering hospital management company.

Charles F. Boyle, Senior Vice President and Chief Financial Officer

Mr. Boyle was appointed Vice President and Chief Financial Officer of the Trust in February 2003, having previously served as its Vice President and Controller since June 1991. He also holds the position of Senior Vice President and Controller of Universal Health Services, Inc. (UHS) since 2016, and was Vice President and Controller of UHS since 2003. His tenure with UHS began in 1989 as Director of Corporate Accounting.

Cheryl K. Ramagano, Senior Vice President - Operations, Treasurer and Secretary

Ms. Ramagano was promoted to Senior Vice President - Operations in June 2022. She was elected Vice President and Treasurer of the Trust in September 1992 and appointed Corporate Secretary in 2003. Ms. Ramagano has also served as Senior Vice President and Treasurer of Universal Health Services, Inc. (UHS) since 2016, and Vice President and Treasurer since 2003.

Jennifer J. Diasio, Vice President and Controller

Ms. Diasio was promoted to Vice President and Controller in June 2025. She previously served as Universal Health Services' (UHS) Corporate Director of Internal Audit and held various other internal audit positions since 2010. In June 2025, she was also promoted to Associate Vice President of Accounting of UHS.

Karla J. Peterson, Vice President, Acquisitions and Development

Ms. Peterson was elected Vice President, Acquisitions and Development of the Trust in August 2022.

AI Analysis | Feedback

The key risks to Universal Health Realty Income Trust (UHT) are:

  1. Tenant Concentration Risk: Universal Health Realty Income Trust has a significant revenue exposure to its largest tenant and advisor, Universal Health Services (UHS), accounting for approximately 40-41% of its Q1 2025 revenues. This high concentration means that UHT's financial health is closely tied to the performance and stability of UHS. There are specific concerns regarding expiring contracts for certain facilities with UHS in 2026, which include purchase options and cross-default clauses, introducing long-term uncertainty about asset retention and cash flow predictability.
  2. Interest Rate Risk: A substantial portion of UHT's debt is exposed to variable interest rates, specifically SOFR-based rates. As of the first quarter of 2025, approximately $185 million of its revolving credit facility was unhedged, leaving it vulnerable to future interest rate increases. Should interest rates continue to rise or swap settlements become less favorable, UHT's interest expenses could escalate, leading to a compression of earnings and a reduction in funds available for dividends or reinvestment. Slower than anticipated interest rate cuts by the Federal Reserve could also delay expected improvements in Funds From Operations (FFO).
  3. Weakening Profitability and Macroeconomic Headwinds: UHT has experienced declining net income and Funds From Operations (FFO) in the first and second quarters of 2025. This decline is attributed to factors such as weaker revenues, higher interest expenses, lower tenant reimbursements, and reduced property-level income. The company's management has also voiced concerns about broader macroeconomic pressures impacting its healthcare-related tenants, including wage inflation, staff shortages, and potential changes in Medicaid funding, which directly affect rental revenues and long-term lease stability.

AI Analysis | Feedback

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AI Analysis | Feedback

Universal Health Realty Income Trust (UHT) is a real estate investment trust (REIT) that invests in a variety of healthcare and human-service related facilities, primarily within the United States. Its main products and services involve owning and leasing properties such as acute care hospitals, behavioral health facilities, medical office buildings (MOBs), specialty facilities, free-standing emergency departments, and childcare centers. The addressable markets for UHT's main products or services in the U.S. region are: * **U.S. Healthcare Real Estate Market:** The U.S. healthcare real estate market was estimated at USD 1,324.52 billion in 2024 and is projected to reach USD 1,876.77 billion by 2030, with a compound annual growth rate (CAGR) of 6.2% from 2025 to 2030. * **U.S. Acute Hospital Care Market:** The U.S. acute hospital care market was valued at USD 1.27 trillion in 2024 and is projected to reach approximately USD 2.43 trillion by 2034, growing at a CAGR of 6.70% from 2025 to 2034. Another estimate places the market size at USD 1,480.9 billion in 2021, expected to grow to USD 2,635.6 billion by 2030 at a CAGR of 6.6% from 2022 to 2030. * **U.S. Medical Office Buildings (MOBs) Market:** The U.S. medical office buildings market is predicted to reach USD 79.16 billion by 2034, increasing from USD 42.17 billion in 2024, reflecting a CAGR of over 6.5% from 2025 to 2034. The projected revenue for 2025 is USD 44.69 billion. The global medical office buildings market was estimated at USD 39.79 billion in 2023 and is projected to reach USD 62.18 billion by 2030, with North America holding a significant share. * **U.S. Behavioral Health Market:** The U.S. behavioral health market size was calculated at USD 92.2 billion in 2024, is expected to reach USD 96.9 billion in 2025, and is projected to be worth USD 151.62 billion by 2034, expanding at a CAGR of 5.1% from 2024 to 2034. Other estimates indicate the market was valued at USD 94.68 billion in 2024 and is expected to reach USD 141.17 billion in 2032, growing at a CAGR of 5.2% during the forecast period 2025-2032. It is not possible to size the markets for "specialty facilities," "free-standing emergency departments" specifically as distinct addressable markets outside of the broader "healthcare real estate" or "acute hospital care" categories, nor for "childcare centers" within the context of healthcare real estate.

AI Analysis | Feedback

Universal Health Realty Income Trust (UHT) is poised for future revenue growth over the next two to three years, driven by several key factors:

  1. New Property Developments and Acquisitions: UHT is actively pursuing new property investments, such as the planned medical office building (MOB) in Palm Beach for its main tenant, Universal Health Services (UHS), estimated to be completed in the third quarter of next year with a significant construction cost of $34 million. The company's portfolio predominantly consists of medical office buildings (71%) and acute care hospitals (17%), and new developments and acquisitions in these areas are expected to contribute to revenue expansion.
  2. Rent Escalations in Existing Leases: A direct driver of revenue growth for UHT comes from built-in rent escalators within its existing lease agreements, which are projected to be in the range of 2-5% annually. This provides a consistent and predictable stream of increasing rental income.
  3. Growing Demand for Healthcare Facilities, Especially Outpatient and Medical Office Buildings: The healthcare sector is experiencing a shift in services from inpatient to outpatient settings, which is expected to fuel demand for medical office buildings. UHT's significant focus on MOBs positions it well to capitalize on this market trend. Its primary tenant, UHS, is also expanding its outpatient behavioral health services, further supporting this driver.
  4. Strong Financial Performance and Growth of Universal Health Services (UHS): Universal Health Services (UHS), which accounts for 40% of UHT's revenue, serves as both its main tenant and manager. UHS has demonstrated strong financial health, with consistent revenue growth and raised earnings guidance for 2025. The continued success and expansion of UHS are expected to provide a stable and growing revenue base for UHT.

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Outbound Investments

  • In 2023, Universal Health Realty Income Trust acquired the McAllen Doctor's Center, a 79,500 rentable square foot medical office building in McAllen, Texas.
  • In March 2023, the construction of Sierra Medical Plaza I, an 86,000 square foot multi-tenant medical office building located in Reno, Nevada, was substantially completed.
  • During 2021, the company acquired a 44,400 rentable square foot office building in Las Vegas, Nevada, and a 20,100 square foot multi-tenant medical office building in Frederick, Maryland.

Capital Expenditures

  • Universal Health Realty Income Trust's capital expenditures increased significantly to $23.20 million in 2023.
  • The company's capital reinvestment projects are focused on promoting energy efficiency, reducing waste, and protecting the environment through features like updated building automation systems and LED lighting.
  • Demolition expenses for a former specialty hospital in Chicago amounted to approximately $1.5 million in 2023, with $1.1 million incurred in the first two quarters of 2023 and $332,000 in the fourth quarter of 2022.

Better Bets than Universal Health Realty Income Trust (UHT)

Trade Ideas

Select ideas related to UHT. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-0.1%-0.1%-5.8%
UHT_2292020_Quality_Momentum_RoomToRun_10%02292020UHTUniversal Health Realty Income TrustQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
-34.8%-40.4%-50.0%

Recent Active Movers

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Peer Comparisons for Universal Health Realty Income Trust

Peers to compare with:

Financials

UHTHPQHPEIBMCSCOAAPLMedian
NameUniversa.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price39.3323.2624.49305.0978.16273.4058.74
Mkt Cap0.521.932.6284.9309.24,074.4158.8
Rev LTM9955,29534,29665,40257,696408,62556,496
Op Inc LTM363,6241,64411,54412,991130,2147,584
FCF LTM492,80062711,85412,73396,1847,327
FCF 3Y Avg462,9781,40011,75313,879100,5037,366
CFO LTM493,6972,91913,48313,744108,5658,590
CFO 3Y Avg463,6723,89613,49814,736111,5598,697

Growth & Margins

UHTHPQHPEIBMCSCOAAPLMedian
NameUniversa.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM0.7%3.2%13.8%4.5%8.9%6.0%5.2%
Rev Chg 3Y Avg4.2%-3.9%6.5%2.6%3.7%1.8%3.2%
Rev Chg Q3.3%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM0.8%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM35.8%6.6%4.8%17.7%22.5%31.9%20.1%
Op Mgn 3Y Avg35.1%7.4%7.2%16.4%24.2%30.8%20.3%
QoQ Delta Op Mgn LTM-0.4%-0.2%-1.4%0.6%0.4%0.1%-0.1%
CFO/Rev LTM49.0%6.7%8.5%20.6%23.8%26.6%22.2%
CFO/Rev 3Y Avg46.9%6.8%12.7%21.4%26.1%28.4%23.8%
FCF/Rev LTM49.0%5.1%1.8%18.1%22.1%23.5%20.1%
FCF/Rev 3Y Avg46.9%5.5%4.6%18.6%24.6%25.6%21.6%

Valuation

UHTHPQHPEIBMCSCOAAPLMedian
NameUniversa.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap0.521.932.6284.9309.24,074.4158.8
P/S5.50.41.04.45.410.04.9
P/EBIT13.76.819.925.122.531.321.2
P/E30.38.6572.736.029.941.033.2
P/CFO11.25.911.221.122.537.516.2
Total Yield10.8%14.1%2.3%5.0%5.4%2.8%5.2%
Dividend Yield7.5%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg8.0%10.6%5.5%6.4%6.0%3.1%6.2%
D/E0.70.50.70.20.10.00.4
Net D/E0.70.30.60.20.00.00.3

Returns

UHTHPQHPEIBMCSCOAAPLMedian
NameUniversa.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn-2.5%-1.8%14.4%0.6%2.7%-1.5%-0.4%
3M Rtn2.5%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn2.0%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn12.9%-27.3%14.2%39.2%33.7%6.0%13.5%
3Y Rtn0.8%-3.8%67.7%139.0%79.5%113.4%73.6%
1M Excs Rtn-4.7%-5.6%12.9%-2.2%-0.0%-3.7%-3.0%
3M Excs Rtn-1.9%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn-10.2%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-1.6%-42.9%-0.7%25.0%19.9%-8.4%-1.2%
3Y Excs Rtn-80.0%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Investing in and leasing healthcare and human service facilities through direct ownership or through96    
Interest income on financing leases - Universal Health Services, Inc. (UHS) facilities 5   
Lease revenue - Universal Health Services, Inc. (UHS) facilities 30302523
Lease revenue- Non-related parties 52525252
Other revenue - Non-related parties 2111
Other revenue - Universal Health Services, Inc. (UHS) facilities 1111
Total9691847877


Price Behavior

Price Behavior
Market Price$39.33 
Market Cap ($ Bil)0.5 
First Trading Date11/05/1987 
Distance from 52W High-7.6% 
   50 Days200 Days
DMA Price$38.83$38.21
DMA Trendupup
Distance from DMA1.3%2.9%
 3M1YR
Volatility23.5%22.9%
Downside Capture-56.3321.68
Upside Capture-32.8830.40
Correlation (SPY)-13.4%24.9%
UHT Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.17-0.09-0.050.220.330.51
Up Beta-0.27-0.070.280.680.370.48
Down Beta-0.35-0.06-0.22-0.270.260.39
Up Capture99%4%-0%25%22%21%
Bmk +ve Days13263974142427
Stock +ve Days14253774131387
Down Capture-1%-25%-14%26%44%87%
Bmk -ve Days7162452107323
Stock -ve Days5162550116358

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of UHT With Other Asset Classes (Last 1Y)
 UHTSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return13.8%2.7%17.8%72.1%8.6%4.4%-8.3%
Annualized Volatility22.8%16.8%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio0.49-0.010.722.700.340.09-0.08
Correlation With Other Assets 60.0%24.9%2.6%5.1%62.8%2.5%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of UHT With Other Asset Classes (Last 5Y)
 UHTSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-5.8%5.3%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility25.9%19.1%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio-0.230.190.700.970.500.160.57
Correlation With Other Assets 57.7%36.0%12.0%11.9%61.8%15.3%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of UHT With Other Asset Classes (Last 10Y)
 UHTSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return2.5%6.3%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility33.6%20.6%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.160.270.710.860.320.220.90
Correlation With Other Assets 67.7%51.4%6.7%19.7%73.3%12.3%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity289,727
Short Interest: % Change Since 113020257.8%
Average Daily Volume82,993
Days-to-Cover Short Interest3.49
Basic Shares Quantity13,828,000
Short % of Basic Shares2.1%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/27/20252.1%4.9%12.5%
7/28/2025-1.9%-4.2%-1.3%
2/26/20250.8%4.0%3.4%
10/24/2024-2.2%-4.1%-1.5%
7/24/20243.2%2.1%3.5%
2/27/2024-2.9%-7.8%-10.9%
10/25/2023-0.4%0.7%1.8%
7/25/2023-1.6%-1.5%-3.0%
...
SUMMARY STATS   
# Positive71010
# Negative1188
Median Positive0.8%3.0%3.9%
Median Negative-1.9%-4.2%-3.3%
Max Positive3.2%6.3%13.2%
Max Negative-6.7%-7.8%-17.1%

SEC Filings

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Report DateFiling DateFiling
93020251107202510-Q 9/30/2025
6302025808202510-Q 6/30/2025
3312025508202510-Q 3/31/2025
12312024226202510-K 12/31/2024
93020241108202410-Q 9/30/2024
6302024808202410-Q 6/30/2024
3312024508202410-Q 3/31/2024
12312023227202410-K 12/31/2023
93020231108202310-Q 9/30/2023
6302023808202310-Q 6/30/2023
3312023509202310-Q 3/31/2023
12312022227202310-K 12/31/2022
93020221108202210-Q 9/30/2022
6302022808202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021224202210-K 12/31/2021