Universal Health Realty Income Trust Reports 2017 Second Quarter Financial Results

Universal Health Realty Income Trust

Consolidated Balance Sheets

(dollar amounts in thousands)

(unaudited)

June 30,

December 31,

2017

2016

Assets:

Real Estate Investments:

Buildings and improvements and construction in progress

$

539,729

$

534,190

Accumulated depreciation

(148,279)

(138,588)

391,450

395,602

Land

51,645

51,638

               Net Real Estate Investments

443,095

447,240

Investments in and advances to limited liability companies ("LLCs")

4,718

35,593

Other Assets:

Cash and cash equivalents

4,109

3,930

Restricted cash

11,253

-

Base and bonus rent and other receivables from UHS

3,630

2,321

Rent receivable - other

5,697

5,291

Intangible assets (net of accumulated amortization of $28.4 million and   $27.1 million at June 30, 2017 and December 31, 2016, respectively)

21,460

23,815

Deferred charges and other assets, net

5,863

6,560

               Total Assets

$

499,825

$

524,750

Liabilities:

Line of credit borrowings

$

182,850

$

201,500

Mortgage notes payable, non-recourse to us, net

90,649

114,217

Accrued interest

564

626

Accrued expenses and other liabilities

10,283

11,809

Tenant reserves, deposits and prepaid rents

6,432

5,321

               Total Liabilities

290,778

333,473

Equity:

Preferred shares of beneficial interest,   $.01 par value; 5,000,000 shares authorized;   none issued and outstanding

-

-

Common shares, $.01 par value;   95,000,000 shares authorized; issued and outstanding: 2017 - 13,606,889;   2016 - 13,599,055

136

136

Capital in excess of par value

255,811

255,656

Cumulative net income

608,096

572,501

Cumulative dividends

(655,008)

(637,121)

Accumulated other comprehensive income

12

105

     Total Equity

209,047

191,277

               Total Liabilities and Equity

$

499,825

$

524,750