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Universal Health Realty reports 3Q results

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

The real estate investment trust, based in King Of Prussia, Pennsylvania, said it had funds from operations of $10.5 million, or 77 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 million, or 29 cents per share.

The real estate investment trust posted revenue of $18.2 million in the period.

The company's shares have risen 12 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $73.15, a rise of 22 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