Summarized Financial Information of Equity Affiliates (Tables)

6 Months Ended

Jun. 30, 2026

Equity Method Investments and Joint Ventures [Abstract]

Limited Liability Companies Accounted for Under Equity Method

The following property table represents the four LLCs/LPs in which we owned a non-controlling interest and were accounted for under the equity method as of June 30, 2026:



Name of LLC/LP	Ownership			Property Owned by LLC/LP
Suburban Properties		33	%	St. Matthews Medical Plaza II
Brunswick Associates (a.)(b.)		74	%	Mid Coast Hospital MOB
FTX MOB Phase II		95	%	Forney Medical Plaza II
Grayson Properties II (c.)		95	%	Texoma Medical Plaza II

(a.)

This LLC has a third-party term loan of $7.7 million, which is non-recourse to us, outstanding as of June 30, 2026.

(b.)

We are the lessee with a third party on a ground lease for land.

(c.)

This LP constructed, owns and operates the Texoma Medical Plaza II which is located in Denison, Texas, on the campus of a hospital owned and operated by a wholly-owned subsidiary of UHS. We have committed to invest up to $10.1 million in equity and debt financing, of which $8.3 million, net, has been funded as of June 30, 2026.

Condensed Combined Statements of Income (Unaudited) for LLCs/LPs Accounted Under Equity Method

Below are the condensed combined statements of income (unaudited) for the four LLCs/LPs accounted for under the equity method at June 30, 2026 and 2025:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(amounts in thousands)				(amounts in thousands)
Revenues	$	2,131	$	2,141	$	4,379	$	4,443
Operating expenses		886		859	$	1,757		1,745
Depreciation and amortization		429		470	$	853		942
Interest, net		58		112	$	116		249
Net income	$	758	$	700	$	1,653	$	1,507
Our share of net income	$	427	$	365	$	941	$	777

Condensed Combined Balance Sheets (Unaudited) for LLCs/LPs Accounted Under Equity Method

Below are the condensed combined balance sheets (unaudited) for the four above-mentioned LLCs/LPs that were accounted for under the equity method as of June 30, 2026 and December 31, 2025:


	June 30, 2026			December 31, 2025
	(amounts in thousands)
Net property, including construction in progress	$	25,571		$	26,175
Other assets (a.)		6,291			6,206
Total assets	$	31,862		$	32,381

Other liabilities (a.)	$	2,982		$	3,168
Mortgage notes payable, non-recourse to us		7,736			7,884
Equity		21,144			21,329
Total liabilities and equity	$	31,862		$	32,381

Investments in and advances to LLCs before amounts included in
accrued expenses and other liabilities	$	20,017		$	20,125
Amounts included in accrued expenses and other liabilities		(1,803	)		(1,828	)
Our share of equity in LLCs, net	$	18,214		$	18,297

(a.)

Other assets and other liabilities as of June 30, 2026 and December 31, 2025 include approximately $644,000 and $646,000, respectively, of right-of-use land assets and right-of-use land liabilities related to ground leases whereby the LLC/LP is the lessee, with third party lessors, including subsidiaries of UHS.

Aggregate Principal Amounts Due on Mortgage Notes Payable by Unconsolidated LLC's/LPs Accounted Under Equity Method

As of June 30, 2026, and December 31, 2025, aggregate principal amounts due on mortgage notes payable by unconsolidated LLCs/LPs, which are accounted for under the equity method and are non-recourse to us, are as follows (amounts in thousands):


	Mortgage Loan Balance (a.)
Name of LLC/LP	6/30/2026		12/31/2025		Maturity Date
Brunswick Associates (2.80% fixed rate mortgage loan)	$	7,736	$	7,884	December, 2030
	$	7,736	$	7,884

Mortgage loan requires monthly principal payments through maturity and includes a balloon principal payment upon maturity.