What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Universal Health Realty Income Trust (UHT) spend its free cash flow?

For TTM through Q1 2026, Universal Health Realty Income Trust generated $49.4M of operating cash flow and $49.4M of free cash flow — a free cash flow margin of 100% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Universal Health Realty Income Trust (UHT) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Universal Health Realty Income Trust's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Universal Health Realty Income Trust (UHT) Cash Flow Waterfall

Operating CF

$49.4M

Capex

$0.00

Free Cash Flow

$49.4M

FCF Margin

+100.0%

Cash flow waterfall for Universal Health Realty Income Trust (UHT) — TTM through Q1 2026

Free cash flow: $49.4M

Cash flow breakdown for Universal Health Realty Income Trust (UHT) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$49.4M	$49.4M
Capital Expenditure	$0.00	$49.4M
Free Cash Flow	$49.4M	$49.4M
Acquisitions	-$6.67M	$42.8M
Other Investing	-$10.9M	$31.9M
Dividends Paid	-$41.2M	-$9.27M
Net Debt Change	$9.23M	-$34K
Other Financing & FX	$124K	$90K
Net Cash Increase	$90K	$90K

Operating Cash Flow$49.4M
Capital Expenditure$0.00
Free Cash Flow$49.4M
Acquisitions-$6.67M
Other Investing-$10.9M
Dividends Paid-$41.2M
Net Debt Change$9.23M
Other Financing & FX$124K
Net Cash Increase$90K

Want to see what drove the FCF change?Free Cash Flow Bridge

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