Universal Health Realty Income Trust (UHT)
Owns and leases hospitals, medical offices, and other healthcare facilities nationwide.
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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
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $6.8M · Total debt $395.1M · Total assets $567.1M · Shareholders' equity $143.9M
- Revenue
- $25.0M
- Operating income
- $9.2M
- Net income
- $5.9M
HistoryDividendAnnual yield
| Institutions | 63.25% | 8.78M shares | |
|---|---|---|---|
| 188 holders · as of Jun 30, 2026 | |||
| Insiders | 2.45% | 340.0K shares | |
| 10 holders · as of Jun 11, 2026 | |||
| Other | 34.30% | 4.76M shares | |
| remainder | |||
13.88M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.75% | 1.49M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.09% | 845,483 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.04% | 560,954 | as of Jun 30, 2026 |
State Street CorpInstitution | 2.72% | 377,502 | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.71% | 375,669 | as of Jun 30, 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 |
- 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
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Universal Health Realty Income Trust | $39.11 | +0.20% | $541.6M | 27.9 | — | 3.6 | +0.5% |
| Healthcare Realty | $18.25 | −0.14% | $6.41B | — | 317.2 | 5.6 | −1.8% |
| Healthpeak Properties | $20.65 | −0.36% | $14.28B | 59.2 | 104.3 | 4.8 | +10.5% |
| Medical Properties Trust | $3.59 | −1.78% | $2.18B | — | 154.7 | 2.1 | +7.9% |
| Community Healthcare Trust | $14.55 | +1.18% | $410.9M | 21.4 | 35.5 | 3.3 | +2.8% |
| Ventas | $86.96 | −0.08% | $42.31B | 161.2 | 120.4 | 6.6 | +21.7% |
| Median | 59.2 | 120.4 | 4.8 | +7.9% |







