CTRE - Universal Health Realty Income Trust: A Solid 7.8% Yielding REIT Retirees Should Consider

2024-05-31 07:00:00 ET

Summary

• Universal Health Realty Income Trust is a REIT that offers reliable income streams for retirees with a well-covered dividend and solid fundamentals.
• UHT recently delivered solid Q1 earnings, with FFO and revenue growth year-over-year.
• The REIT has a solid balance sheet, dividend coverage, and room for growth in the healthcare sector.
• UHT is down over the past 5 and 10 years, a likely result of its decline in FFO over the past two years. If this continues, UHT could face further declines in its share price.
• The REIT has also made minimal acquisitions but could get back to growth as the macroeconomic picture turns more favorable in the foreseeable future.

Introduction

As an income investor, I'm always on the hunt for stocks that I consider great investments for retirees. As a retiree myself, REITs offer that ability to generate reliable income streams. As a result of their tax structures, they're also better to hold in a tax-advantaged account like a ROTH IRA....

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