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UNIVERSAL HEALTH REALTY INCOME TRUST REPORTS THIRD QUARTER RESULTS

 KING OF PRUSSIA, Pa., Oct. 13 /PRNewswire/ -- Universal Health Realty Income Trust (NYSE: UHT) announced today that cash flow per share available for distribution for the quarter ended Sept. 30, 1993, was $.44 compared to $.47 in the same period in the prior year.
 Cash flow available for distribution for the third quarter of 1993 increased 18 percent or $607,000 over the same period in the prior year. For the nine-month period ended Sept. 30, 1993, cash flow per share available for distribution was $1.32 compared to $1.49 in the nine-month period in the prior year. Net income per share for the quarter ended Sept. 30, 1993, was $.35 compared to a loss of $.49 for the same period in the prior year and $1.08 for the nine months compared to $.31 in the prior nine-month period. The 1992 net income per share for the quarter and nine months ended Sept. 30, 1993, includes a $6 million write down on a mortgage loan investment. The third quarter dividend of $.415 per share was paid on Sept. 30, 1993.
 During the quarter the Trust purchased a 20-bed addition to a rehabilitation hospital it already owns in Evansville, Ind., for approximately $1.1 million. The addition is being leased back to the current operator on substantially the same terms as the lease already governing the hospital's existing assets. The Trust also received $7.2 million of scheduled loan repayments under its construction loan for a medical office building and expansion of a hospital owned by Hospital Corporation of America. The balance outstanding under the construction loan at Sept. 30, 1993, is $3.2 million.
 At Sept. 30, 1993, the Trust's shareholders' equity was $107 million and the trust's liabilities for borrowed funds was $11.9 million.
 Universal Health Realty Income Trust, a real estate investment trust, invests in health care and human service related facilities including acute care hospitals, psychiatric hospitals, substance abuse recovery centers, rehabilitation hospitals and medical office buildings.
 UNIVERSAL HEALTH REALTY INCOME TRUST
 Statements of Income
 (Unaudited; amounts in thousands, except per-share amounts)
 Periods ended Three months Nine months
 Sept. 30 1993 1992 1993 1992
 Revenues:
 Base rental $3,794 $3,898 $11,417 $11,694
 Bonus rental 585 681 1,813 1,972
 Interest 156 55 443 773
 Total 4,535 4,634 13,673 14,439
 Expenses:
 Depreciation and amortization 797 777 2,354 2,357
 Interest expense 299 975 1,768 2,899
 Advisory fees 202 228 664 678
 Other operating expenses 113 117 338 351
 Provision for investment losses --- 6,000 --- 6,000
 Total 1,411 8,097 5,124 12,285
 Income (loss) before gain
 on disposal of assets 3,124 (3,463) 8,549 2,154
 Gain on disposal of assets --- --- 371 ---
 Net income (loss) 3,124 (3,463) 8,920 2,154
 Net income (loss) per share $.35 ($.49) $1.08 $.31
 Average shares outstanding 8,947 7,047 8,294 7,047
 Periods ended Three months Nine months
 Sept. 30 1993 1992 1993 1992
 Net income (loss) $3,124 ($3,463) $8,920 $2,154
 ADD: Depreciation and
 amortization expense 797 777 2,354 2,357
 Provision for investment losses --- 6,000 --- 6,000
 LESS: Gain on disposal of assets --- --- (371) ---
 Cash available for
 distribution 3,921 3,314 10,903 10,511
 Cash per share available
 for distribution $.44 $.47 $1.32 $1.49
 Dividend paid .415 .410 1.245 1.220
 /delval/
 -0- 10/13/93
 /CONTACT: Cheryl K. Ramagano of Universal Health Realty Income Trust, 215-265-0688/
 (UHT)


CO: Universal Health Realty Income Trust ST: Pennsylvania IN: FIN SU: ERN

MJ-MP -- PH013 -- 1616 10/13/93 11:16 EDT
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Publication:PR Newswire
Date:Oct 13, 1993
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