Dividend Growth Stock Overview: Universal Health Realty Income Trust

About Universal Health Realty Income TrustUniversal Health Realty Income Trust is a real estate income trust (REIT) that owns 61 properties mostly serving the healthcare industry across 18 states. The company invests in healthcare and health and childcare related facilities; the properties include 48 medical office buildings, 6 hospital facilities, 4 preschool and childcare centers, and 2 freestanding emergency departments. The company is headquartered in King of Prussia, Pennsylvania.Universal Health Realty began operations in 1986 by purchasing properties from subsidiaries of Universal Health Services (NYSE: UHS) and immediately leasing the properties back under initial terms of 13-15 years, with up to 6 additional 5-year terms. UHS and its subsidiaries is the company's principal tenant and, as of December 31, 2014, UHS owned 5.9% of Universal Health Realty's common stock. In addition to the wholly owned properties, each of which is organized into separate limited liability companies (LLCs), Universal Health Realty also has partial ownership interests in other LLCs; these interests are not included in the number of properties noted above.The company had total revenues of $59.8 million in 2014, up 10.1% from 2013's revenues. Funds from operations (FFO) in 2014, a common metric of financial health for REITs, were $35.9 million, up 2.8% from 2013. FFO per share were $2.78 in 2014, up 3 cents from the prior year. This gives the company a current payout ratio... Read more

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