UNIVERSAL HEALTH REALTY INCOME TRUST
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Notes to Schedule III—December 31, 2024
NOTES TO SCHEDULE III
DECEMBER 31, 2024
(1) RECONCILIATION OF REAL ESTATE PROPERTIES
The following table reconciles the Real Estate Properties from January 1, 2022 to December 31, 2024:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Balance at January 1, | $706,244 | $697,969 | $663,733 |
| Additions (a.) | 6,647 | 17,505 | 22,555 |
| Acquisitions | — | 5,783 | 11,802 |
| Disposals/Divestitures (b.) | (25) | (15,013) | (121) |
| Balance at December 31, | $712,866 | $706,244 | $697,969 |
(2) RECONCILIATION OF ACCUMULATED DEPRECIATION
The following table reconciles the Accumulated Depreciation from January 1, 2022 to December 31, 2024:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Balance at January 1, | $262,449 | $248,772 | $225,584 |
| Disposals/Divestitures (b.) | (25) | (10,882) | (121) |
| Depreciation expense | 24,508 | 24,559 | 23,309 |
| Balance at December 31, | $286,932 | $262,449 | $248,772 |
(a)
Included in the additions for 2024, 2023 and 2022 are approximately $855,000, $7.5 million and $18.0 million related to the construction of a new MOB, which was substantially completed in March, 2023, and is located on the campus of a UHS wholly-owned hospital that was completed and opened in April, 2022.
(b)
The 2024 year includes the disposal of $25,000 in fully depreciated furniture. The 2023 year includes the sale of the Corpus Christi facility, as well as the demolition of the building previously located on the now-vacant land in Chicago, Illinois.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.