Universal Health Realty Income Trust Reports 2009 Second Quarter Financi...( KING OF PRUSSIA Pa. July 22 /- ...),Health

KING OF PRUSSIA, Pa., July 22 /PRNewswire-FirstCall/ -- Universal Health Realty Income Trust (NYSE: UHT) announced today that for the quarter ended June 30, 2009, net income increased 15% to $4.8 million, or $.40 per diluted share, as compared to $4.2 million, or $.35 per diluted share, during the same quarter in the prior year. For the six-month period ended June 30, 2009, net income increased 14% to $9.4 million, or $.80 per diluted share, as compared to $8.3 million, or $.70 per diluted share, during the comparable six-month period of the prior year.

Included in our net income during the three and six-month periods ended June 30, 2009 was approximately $300,000, or $.02 per diluted share, consisting of the following related to certain unconsolidated limited liability companies ("LLCs"): (i) the effect of a favorable adjustment resulting from the change in estimate to the operating expenses of an LLC, partially offset by; (ii) the operating losses sustained during the second quarter of 2009 at an LLC that owns a newly constructed medical office building that was completed and opened in April of 2009.

Funds from operations ("FFO") increased 14% to $8.5 million, or $.71 per diluted share, during the second quarter of 2009 as compared to $7.5 million, or $.63 per diluted share, during the comparable quarter of the prior year. For the six-month period ended June 30, 2009, FFO increased 12% to $16.5 million, or $1.39 per diluted share, as compared to $14.8 million, or $1.24 per diluted share during the comparable six-month period of the prior year.

The second quarter dividend of $.595 per share was paid on June 30, 2009. At June 30, 2009, our shareholders' equity was $140.6 million and our liabilities for borrowed funds were $87.8 million, including mortgage debt of consolidated entities,
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