2024 Q1 Form 10-K Financial Statement

#000095017024021191 Filed on February 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $25.14M $24.32M $95.58M
YoY Change 8.25% 0.8% 5.46%
Cost Of Revenue $7.531M $7.545M $30.50M
YoY Change 0.13% -0.42% 10.15%
Gross Profit $17.61M $16.77M $65.07M
YoY Change 12.13% 1.35% 3.4%
Gross Profit Margin 70.04% 68.98% 68.08%
Selling, General & Admin $1.338M $1.366M $5.989M
YoY Change 2.76% 4.27% 4.92%
% of Gross Profit 7.6% 8.14% 9.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.809M $7.254M $27.73M
YoY Change 2.89% 11.41% 4.43%
% of Gross Profit 38.67% 43.24% 42.62%
Operating Expenses $8.147M $8.615M $33.68M
YoY Change 2.87% 10.31% 4.55%
Operating Profit $9.463M $8.160M $31.35M
YoY Change 21.55% -6.65% 2.23%
Interest Expense -$4.163M -$4.335M -$15.76M
YoY Change 25.17% 39.39% 63.91%
% of Operating Profit -43.99% -53.13% -50.27%
Other Income/Expense, Net
YoY Change
Pretax Income $5.300M $3.593M $15.40M
YoY Change 18.86% -36.19% -27.02%
Income Tax
% Of Pretax Income
Net Earnings $5.300M $3.593M $15.40M
YoY Change 18.86% -36.19% -27.02%
Net Earnings / Revenue 21.08% 14.77% 16.11%
Basic Earnings Per Share $0.38 $1.12
Diluted Earnings Per Share $0.38 $0.26 $1.11
COMMON SHARES
Basic Shares Outstanding 13.82M 13.82M 13.79M
Diluted Shares Outstanding 13.82M 13.81M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.697M $8.212M $8.212M
YoY Change -5.21% 7.85% 7.85%
Cash & Equivalents $7.697M $8.212M $8.212M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $22.56M $22.56M $22.56M
YoY Change 0.33% 5.18% 5.18%
LONG-TERM ASSETS
Property, Plant & Equipment $449.9M $454.7M $454.7M
YoY Change -2.07% -1.28% -1.28%
Goodwill
YoY Change
Intangibles $8.653M $9.100M
YoY Change -2.52% -3.19%
Long-Term Investments $14.63M $9.102M $9.102M
YoY Change 52.43% -1.94% -1.94%
Other Assets $17.29M $17.58M $17.58M
YoY Change -15.39% -23.92% -23.92%
Total Long-Term Assets $573.6M $573.8M $573.8M
YoY Change -1.41% -2.1% -2.1%
TOTAL ASSETS
Total Short-Term Assets $22.56M $22.56M $22.56M
Total Long-Term Assets $573.6M $573.8M $573.8M
Total Assets $596.2M $596.4M $596.4M
YoY Change -1.34% -1.84% -1.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $22.22M $24.94M $24.94M
YoY Change -1.41% 0.94% 0.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $22.22M $24.94M $24.94M
YoY Change -1.41% 0.94% 0.94%
LONG-TERM LIABILITIES
Long-Term Debt $366.2M $359.5M $359.5M
YoY Change 5.06% 4.85% 4.85%
Other Long-Term Liabilities $11.36M $11.04M $11.04M
YoY Change 2.43% 1.15% 1.15%
Total Long-Term Liabilities $377.5M $370.5M $370.5M
YoY Change 4.98% 4.74% 4.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.22M $24.94M $24.94M
Total Long-Term Liabilities $377.5M $370.5M $370.5M
Total Liabilities $399.7M $395.4M $395.4M
YoY Change 4.6% 4.49% 4.49%
SHAREHOLDERS EQUITY
Retained Earnings $831.4M $826.1M
YoY Change 1.99% 1.9%
Common Stock $270.6M $270.5M
YoY Change 0.28% 0.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $196.5M $200.9M $200.9M
YoY Change
Total Liabilities & Shareholders Equity $596.2M $596.4M $596.4M
YoY Change -1.34% -1.84% -1.84%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $5.300M $3.593M $15.40M
YoY Change 18.86% -36.19% -27.02%
Depreciation, Depletion And Amortization $6.809M $7.254M $27.73M
YoY Change 2.89% 11.41% 4.43%
Cash From Operating Activities $11.74M $10.45M $42.94M
YoY Change 16.59% -14.92% -8.26%
INVESTING ACTIVITIES
Capital Expenditures $3.296M $3.385M $7.620M
YoY Change -34.12% -41.51% -44.05%
Acquisitions
YoY Change
Other Investing Activities -$5.649M $4.120M $4.093M
YoY Change 1294.81% 1047.63% 424.07%
Cash From Investing Activities -$8.945M $735.0K -$19.11M
YoY Change 65.4% -113.54% -47.89%
FINANCING ACTIVITIES
Cash Dividend Paid $10.00M $39.77M
YoY Change 1.01% 1.5%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.308M -11.34M -23.23M
YoY Change -20.37% 54.27% -7.17%
NET CHANGE
Cash From Operating Activities 11.74M 10.45M 42.94M
Cash From Investing Activities -8.945M 735.0K -19.11M
Cash From Financing Activities -3.308M -11.34M -23.23M
Net Change In Cash -515.0K -147.0K 598.0K
YoY Change -201.78% -69.88% -104.02%
FREE CASH FLOW
Cash From Operating Activities $11.74M $10.45M $42.94M
Capital Expenditures $3.296M $3.385M $7.620M
Free Cash Flow $8.442M $7.070M $35.32M
YoY Change 66.67% 8.74% 6.43%

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StockIssuedDuringPeriodValueNewIssues
146000
CY2023 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
780000
CY2023 uht Dividends Per Share
DividendsPerShare
2.88
CY2023 us-gaap Dividends
Dividends
39794000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
15400000
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-4699000
CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
10701000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
200934000
CY2023 us-gaap Profit Loss
ProfitLoss
15400000
CY2022 us-gaap Profit Loss
ProfitLoss
21102000
CY2021 us-gaap Profit Loss
ProfitLoss
109166000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27733000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
26557000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27478000
CY2023 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-143000
CY2022 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-143000
CY2021 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-183000
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-40000
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-50000
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-51000
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
729000
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
714000
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
791000
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
780000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
780000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
947000
CY2023 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-232000
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
87314000
CY2023 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
513000
CY2022 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
2083000
CY2021 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
843000
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-316000
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1105000
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
90000
CY2023 uht Increase Decrease In Tenant Reserves Deposits Deferred And Prepaid Rents
IncreaseDecreaseInTenantReservesDepositsDeferredAndPrepaidRents
-516000
CY2022 uht Increase Decrease In Tenant Reserves Deposits Deferred And Prepaid Rents
IncreaseDecreaseInTenantReservesDepositsDeferredAndPrepaidRents
-79000
CY2021 uht Increase Decrease In Tenant Reserves Deposits Deferred And Prepaid Rents
IncreaseDecreaseInTenantReservesDepositsDeferredAndPrepaidRents
-1130000
CY2023 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-117000
CY2022 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-27000
CY2021 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
5000
CY2023 uht Increase Decrease In Leasing Costs
IncreaseDecreaseInLeasingCosts
1768000
CY2022 uht Increase Decrease In Leasing Costs
IncreaseDecreaseInLeasingCosts
1927000
CY2021 uht Increase Decrease In Leasing Costs
IncreaseDecreaseInLeasingCosts
1378000
CY2023 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1244000
CY2022 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-802000
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-157000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42939000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
46805000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
47725000
CY2023 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
4058000
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
94000
CY2021 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
16750000
CY2023 uht Cash Distributions In Excess Of Income From Limited Liability Companies
CashDistributionsInExcessOfIncomeFromLimitedLiabilityCompanies
757000
CY2022 uht Cash Distributions In Excess Of Income From Limited Liability Companies
CashDistributionsInExcessOfIncomeFromLimitedLiabilityCompanies
875000
CY2021 uht Cash Distributions In Excess Of Income From Limited Liability Companies
CashDistributionsInExcessOfIncomeFromLimitedLiabilityCompanies
418000
CY2023 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
3500000
CY2021 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-3500000
CY2023 us-gaap Real Estate Period Increase Decrease
RealEstatePeriodIncreaseDecrease
-15583000
CY2022 us-gaap Real Estate Period Increase Decrease
RealEstatePeriodIncreaseDecrease
-22485000
CY2021 us-gaap Real Estate Period Increase Decrease
RealEstatePeriodIncreaseDecrease
-14120000
CY2021 uht Payments For Deposit On Real Estate Assets
PaymentsForDepositOnRealEstateAssets
200000
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7620000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13620000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12989000
CY2022 uht Payments To Asset Exchange Transaction
PaymentsToAssetExchangeTransaction
-1346000
CY2021 uht Payments To Asset Exchange Transaction
PaymentsToAssetExchangeTransaction
-2839000
CY2021 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
3092000
CY2023 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
3894000
CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
28119000
CY2021 uht Increase Decrease In Cash And Cash Equivalents
IncreaseDecreaseInCashAndCashEquivalents
528000
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19110000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36670000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24425000
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
28500000
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
26200000
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
35700000
CY2023 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
11891000
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
12199000
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2079000
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
222000
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
26000
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1842000
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
39765000
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
39177000
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
38532000
CY2023 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
147000
CY2022 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
177000
CY2021 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
215000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-23231000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25025000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6538000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
598000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14890000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
16762000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7614000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
22504000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5742000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8212000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7614000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
22504000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
16266000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
10386000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
8076000
CY2023 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
2947000
CY2022 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
1664000
CY2021 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
1594000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9100000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12500000
CY2023 us-gaap Depreciation
Depreciation
24600000
CY2022 us-gaap Depreciation
Depreciation
23300000
CY2021 us-gaap Depreciation
Depreciation
23900000
CY2023 uht Federal Excise Tax Rate
FederalExciseTaxRate
0.04
CY2023Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
422000000
CY2022Q4 us-gaap Tax Basis Of Investments Cost For Income Tax Purposes
TaxBasisOfInvestmentsCostForIncomeTaxPurposes
681000000
CY2022Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
406000000
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Concentration of Revenues</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The rental revenue earned pursuant to the lease on McAllen Medical Center, which is leased to a related party (see Note 2), generated approximately </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">9</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% during each of 2023 and 2022 and approximately </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">10</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% during 2021, of our consolidated revenues.</span></p>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> of financial statements in conformity with generally accepted accounting principles in the United States of America requires us to make estimates and assumptions that affect the amounts reported in our consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</span></p>
CY2023 uht Number Of Bed Facility
NumberOfBedFacility
100
CY2022Q4 uht Annual Advisory Fees As Percentage Of Average Invested Real Estate Assets
AnnualAdvisoryFeesAsPercentageOfAverageInvestedRealEstateAssets
0.007
CY2021Q4 uht Annual Advisory Fees As Percentage Of Average Invested Real Estate Assets
AnnualAdvisoryFeesAsPercentageOfAverageInvestedRealEstateAssets
0.007
CY2023Q4 uht Annual Advisory Fees As Percentage Of Average Invested Real Estate Assets
AnnualAdvisoryFeesAsPercentageOfAverageInvestedRealEstateAssets
0.007
CY2022 uht Number Of Businesses Disposed
NumberOfBusinessesDisposed
0
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
76221000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
70064000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
63358000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
43935000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
36586000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
151894000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
442058000
CY2023 uht Number Of Ground Leases For Land
NumberOfGroundLeasesForLand
15
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10900000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10900000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
666000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
611000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10946000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10946000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P56Y3M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0629
CY2023 uht Number Of Ground Leases For Land
NumberOfGroundLeasesForLand
15
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
666000
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
611000
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
508000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
704000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
704000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
704000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
704000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
704000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
36027000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
39547000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
28601000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10946000
CY2023 us-gaap Debt Instrument Interest Rate Terms
DebtInstrumentInterestRateTerms
orrowings under the Credit Agreement will bear interest at a rate equal to, at our option, at adjusted term SOFR for either one, three, or six months or the Base Rate, plus in either case, a specified margin depending on our total leverage ratio, as determined by the formula set forth in the Credit Agreement. The applicable margin after the first amendment ranges from 1.10% to 1.35% for adjusted term SOFR loans and 0.10% to 0.35% for Base Rate loans
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
326600000
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3100000
CY2023Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
45300000
CY2023Q4 us-gaap Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
326600000
CY2023Q4 us-gaap Compensating Balance Amount
CompensatingBalanceAmount
0
CY2023 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
309300000
CY2022 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
277900000
CY2021 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
253500000
CY2023Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.048
CY2022Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.029
CY2021Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.022
CY2022Q4 us-gaap Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
298100000
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3100000
CY2022Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
73800000
CY2023Q4 uht Debt Instrument Covenant Tangible Net Worth
DebtInstrumentCovenantTangibleNetWorth
125000000
CY2023Q4 uht Tangible Net Worth
TangibleNetWorth
191824000
CY2022Q4 uht Tangible Net Worth
TangibleNetWorth
219654000
CY2023Q4 uht Leverage Ratio
LeverageRatio
0.445
CY2022Q4 uht Leverage Ratio
LeverageRatio
0.429
CY2023Q4 uht Secured Leverage Ratio
SecuredLeverageRatio
0.041
CY2022Q4 uht Secured Leverage Ratio
SecuredLeverageRatio
0.056
CY2023Q4 uht Unencumbered Leverage Ratio
UnencumberedLeverageRatio
0.442
CY2022Q4 uht Unencumbered Leverage Ratio
UnencumberedLeverageRatio
0.418
CY2023Q4 uht Fixed Charge Coverage Ratio
FixedChargeCoverageRatio
0.031
CY2022Q4 uht Fixed Charge Coverage Ratio
FixedChargeCoverageRatio
0.043
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
13550000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
327539000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
601000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
626000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
653000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
16693000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
359662000
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
326600000
CY2023 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.88
CY2023 uht Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
1.73
CY2023 uht Capital Gains Per Share
CapitalGainsPerShare
1.15
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.84
CY2022 uht Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
2.24
CY2022 uht Capital Gains Per Share
CapitalGainsPerShare
0.60
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.8
CY2021 uht Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
2.51
CY2021 uht Capital Gains Per Share
CapitalGainsPerShare
0.16
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
33062000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
55134000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
531613000
CY2023 us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
109913000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
56870000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
639790000
CY2023Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
9584000
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
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706244000
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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262449000
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4600000
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710000000
CY2023Q4 srt Real Estate Federal Income Tax Basis
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422000000
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
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697969000
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CY2021 uht Real Estate Impact Of Consolidation
RealEstateImpactOfConsolidation
19771000
CY2023 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
17505000
CY2022 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
22555000
CY2021 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
11346000
CY2023 uht Real Estate Acquisitions
RealEstateAcquisitions
5783000
CY2022 uht Real Estate Acquisitions
RealEstateAcquisitions
11802000
CY2021 uht Real Estate Acquisitions
RealEstateAcquisitions
12071000
CY2023 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
15013000
CY2022 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
121000
CY2021 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
39904000
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
706244000
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
697969000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
663733000
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
248772000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
225584000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
216648000
CY2021 us-gaap Real Estate Accumulated Depreciation Period Increase Decrease
RealEstateAccumulatedDepreciationPeriodIncreaseDecrease
4847000
CY2023 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
10882000
CY2022 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
121000
CY2021 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
19796000
CY2023 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
24559000
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
23309000
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
23885000
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
262449000
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
248772000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
225584000

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