Universal Health Realty Income Trust reported net income of $4.0 million for the three months ended September 30, 2025, unchanged from $4.0 million in the same period of 2024. The quarter included a $275,000 increase in income from a one-time settlement and release agreement in connection with a medical office building. This was offset by a combined net decrease of $256,000, primarily due to lower aggregate income at various properties and approximately $900,000 in nonrecurring depreciation expense. For the first nine months of 2025, net income decreased by $1.3 million compared to the same period in 2024. This decline included a $730,000 reduction from lower aggregate property income, including the $900,000 nonrecurring depreciation expense, and a $563,000 decrease related to a property tax reduction recorded in 2024 for a Chicago property. The period also included a $275,000 gain from the settlement and a $282,000 increase in interest expense due to higher average borrowings. Construction of a new medical office building is expected to begin in November 2025, with an estimated cost of $34 million. A subsidiary of UHS has signed a 10-year master flex lease for approximately 75% of the building's rentable square feet.