U.S. Markets open in 1 hr 46 mins

Universal Health Realty: 3Q Earnings Snapshot

KING OF PRUSSIA, Pa. (AP) _ Universal Health Realty Income Trust (UHT) on Friday reported a key measure of profitability in its third quarter.

The King Of Prussia, Pennsylvania-based real estate investment trust said it had funds from operations of $10.7 million, or 78 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $4.4 million, or 32 cents per share.

The real estate investment trust posted revenue of $18.8 million in the period.

The company's shares have decreased roughly 4 percent since the beginning of the year. The stock has declined 4 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UHT at https://www.zacks.com/ap/UHT