KING OF PRUSSIA, Pa. (AP) — KING OF PRUSSIA, Pa. (AP) — Universal Health Realty Income Trust (UHT) on Monday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in King Of Prussia, Pennsylvania, said it had funds from operations of $12.4 million, or 90 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 $5.6 million, or 41 cents per share.
The real estate investment trust, based in King Of Prussia, Pennsylvania, posted revenue of $24.1 million in the period.
For the year, the company reported funds from operations of $48.8 million. Revenue was reported as $90.6 million.
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