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 $11.9 million, or 86 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 $5.2 million, or 38 cents per share.
The real estate investment trust posted revenue of $19.7 million in the period.
The company's shares have fallen 52% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $55.76, a decrease of 53% in the last 12 months.