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Community Healthcare Trust Releases 2024 Corporate Sustainability Report
Prnewswire· 2025-06-11 22:09
FRANKLIN, Tenn., June 11, 2025 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced the release of its second Corporate Sustainability Report highlighting the Company's progress and its sustainability initiatives implemented in 2024. The report is aligned with the Global Reporting Framework Initiative (GRI) and can be found on the Corporate Responsibility page of the Company's Investor Relations section of its website at www.chct.reit."From reducing our enviro ...
Community Healthcare Trust Incorporated Announces Key Leadership Change
Prnewswire· 2025-05-06 20:30
Core Viewpoint - Community Healthcare Trust Incorporated announced a leadership change to enhance operational momentum and focus on portfolio leasing, management, and investment with Mark E. Kearns appointed as Senior Vice President of Asset Management, succeeding Timothy L. Meyer [1][2] Group 1: Leadership Change - Mark E. Kearns will join the Company on May 12, 2025, while Timothy L. Meyer will assist with the transition until May 31, 2025 [1] - David H. Dupuy, the CEO, expressed gratitude for Tim Meyer's service and welcomed Mark Kearns, highlighting his extensive experience in healthcare real estate [2] Group 2: Mark E. Kearns' Background - Mark Kearns has over 25 years of experience in healthcare real estate, including roles in leasing and managing medical outpatient properties [2] - Prior to joining Community Healthcare Trust, Kearns served as Vice President of Leasing at Welltower and held senior positions at Healthpeak [2] Group 3: Company Overview - Community Healthcare Trust Incorporated is a real estate investment trust focused on owning income-producing properties primarily related to outpatient healthcare services across the United States [3]
Community Healthcare Trust: Evaluating Upside Potential For A Strategic Buyer
Seeking Alpha· 2025-05-04 01:54
Group 1 - The company has a long-standing interest in investing, particularly in REITs, preferred stocks, and high-yield bonds, which began in 2011 [1] - Recently, the investment strategy has evolved to include a combination of long stock positions with covered calls and cash secured puts, focusing on a fundamental long-term perspective [1] - The company primarily covers REITs and financials on Seeking Alpha, with occasional articles on ETFs and other stocks influenced by macro trade ideas [1] Group 2 - The company holds a beneficial long position in the shares of CHCT through stock ownership, options, or other derivatives [2] - The article expresses the company's own opinions and is not compensated for it, indicating an independent analysis [2]
Community Healthcare Trust(CHCT) - 2025 Q1 - Earnings Call Transcript
2025-04-30 15:02
Community Healthcare Trust (CHCT) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants Dave Dupuy - Chief Executive OfficerBill Monroe - Chief Financial OfficerRob Stevenson - Managing Director - Head of Real Estate ResearchBarry Oxford - Head of Real Estate Securities Research Conference Call Participants Connor Mitchell - Equity Research AnalystJim Kammert - Analyst Operator Welcome to the Community Healthcare Trust's twenty twenty five First Quarter Earnings Release Conference Call. On t ...
Community Healthcare Trust(CHCT) - 2025 Q1 - Earnings Call Transcript
2025-04-30 15:02
Community Healthcare Trust (CHCT) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants Dave Dupuy - Chief Executive OfficerBill Monroe - Chief Financial OfficerRob Stevenson - Managing Director - Head of Real Estate ResearchBarry Oxford - Head of Real Estate Securities Research Conference Call Participants Connor Mitchell - Equity Research AnalystJim Kammert - Analyst Operator Welcome to the Community Healthcare Trust's twenty twenty five First Quarter Earnings Release Conference Call. On t ...
Community Healthcare Trust(CHCT) - 2025 Q1 - Earnings Call Transcript
2025-04-30 14:00
Financial Data and Key Metrics Changes - Total revenue increased from $29,300,000 in Q1 2024 to $30,100,000 in Q1 2025, representing a 2.5% annual growth [11] - Compared to Q4 2024, total revenue grew by 2.7% quarter over quarter, attributed to incremental revenue from acquisitions and seasonal increases in operating expense reimbursements [12] - Funds from operations (FFO) decreased slightly by $77,000 quarter over quarter, remaining at $12,700,000, with FFO per diluted share at $0.47 [13] Business Line Data and Key Metrics Changes - Occupancy and weighted average remaining lease term remained flat at 90.9% and 6.7 years, respectively [6] - The company acquired a behavioral residential treatment facility for approximately $9,700,000, with anticipated tenant improvements of $1,400,000, expecting an annual return of 9.5% [7] - The company signed definitive purchase and sale agreements for seven properties with an expected investment of $169,500,000, with returns ranging from 9.1% to 9.75% [7] Market Data and Key Metrics Changes - The company sold a building in Ohio for approximately $400,000, receiving net proceeds of about $600,000, resulting in a gain on the property sale [8] - The geriatric psychiatric hospital operator, a tenant in six properties, represents an annual base rent of $3,200,000, with incremental operating improvements noted [9] Company Strategy and Development Direction - The company continues to be selective in acquisitions while focusing on property operating costs and tenant relationships [6] - Management is evaluating capital recycling opportunities and anticipates sufficient capital from selected asset sales and increased revolver capacity for near-term acquisitions [10] - The company raised its dividend to $0.47 per common share, marking a continuous increase since its IPO [10] Management's Comments on Operating Environment and Future Outlook - Management expects to have more clarity on the status of the geriatric psychiatric hospital operator's sale process by the end of Q2 or early Q3 [18] - The company is cautious about raising equity at current share prices and plans to utilize selected asset sales and revolver draws for funding acquisitions [22] - Overall, management sees stability among tenants and does not anticipate significant negative impacts from the macroeconomic environment on tenants' ability to pay rent [43] Other Important Information - The company has a solid pipeline of acquisitions expected to close over the next three years, totaling approximately $169,000,000 [49] - Management is open to evaluating various capital options, including preferred stock, but maintains a bias towards a simple capital structure [35] Q&A Session Summary Question: Additional information on the geriatric psychiatric hospital operator's sale process - Management indicated that they expect to have more certainty regarding buyer interest by the end of Q2 or early Q3 [18] Question: Acquisition outlook and capital allocation - Management confirmed that they are seeing attractive property acquisitions and are evaluating them, but are cautious about raising equity at current prices [22] Question: Clarification on contractual payments with the psychiatric hospital operator - The $3,200,000 is just the rent, with additional payments on notes amounting to approximately $2,500,000 [30][31] Question: Patience regarding the geriatric tenant's lease default - Management stated they are monitoring the situation and will make decisions based on buyer interest, emphasizing that patience is not unlimited [40] Question: Concerns about smaller tenants in the portfolio - Management reported stability across the portfolio and no significant issues with smaller tenants, indicating a positive macroeconomic outlook for healthcare providers [43]
Community Healthcare Trust(CHCT) - 2025 Q1 - Earnings Call Presentation
2025-04-30 01:40
LISTED NYSE CHCT Investor Presentation April 2025 [TBU] Investor Presentation November 2020 At a Glance Community Healthcare Trust, Inc. NYSE: CHCT Market Data (as of March 31, 2025) Closing Price: $18.16 52 Week Range: $27.62 / $15.06 Market Cap: $514.6 million Enterprise Value: $1,008.4 million 56% Total Shareholder Return Since Inception 39th Consecutive Quarter of Dividend Growth 201 Properties 313 Tenants 36 States less % of Annualized Rent more Investor Presentation – April 2025 2 R: 0 G: 51 B: 160 R: ...
Community Healthcare Trust (CHCT) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-04-30 00:05
Core Insights - Community Healthcare Trust (CHCT) reported revenue of $30.08 million for the quarter ended March 2025, reflecting a year-over-year increase of 2.6% and a surprise of +1.06% over the Zacks Consensus Estimate of $29.76 million [1] - The earnings per share (EPS) for the quarter was $0.55, significantly higher than the $0.11 reported in the same quarter last year, with an EPS surprise of +3.77% compared to the consensus estimate of $0.53 [1] Revenue Breakdown - Rental income amounted to $29.73 million, exceeding the three-analyst average estimate of $29.43 million, representing a year-over-year increase of +4.9% [4] - Other operating interest, net, was reported at $0.35 million, slightly above the estimated $0.32 million, but showed a significant decline of -64.9% compared to the year-ago quarter [4] Stock Performance - Over the past month, shares of Community Healthcare Trust have returned -11.8%, contrasting with the Zacks S&P 500 composite's -0.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it may perform in line with the broader market in the near term [3]
Community Healthcare Trust (CHCT) Surpasses Q1 FFO and Revenue Estimates
ZACKS· 2025-04-29 22:45
Core Viewpoint - Community Healthcare Trust (CHCT) reported quarterly funds from operations (FFO) of $0.55 per share, exceeding the Zacks Consensus Estimate of $0.53 per share, but down from $0.59 per share a year ago, indicating a 3.77% surprise [1] Financial Performance - The company achieved revenues of $30.08 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.06%, compared to $29.33 million in the same quarter last year [2] - Over the last four quarters, CHCT has exceeded consensus FFO estimates three times and revenue estimates two times [2] Stock Performance and Outlook - CHCT shares have declined approximately 16.7% year-to-date, contrasting with the S&P 500's decline of 6% [3] - The future performance of the stock will largely depend on management's commentary during the earnings call and the company's FFO outlook [4][6] Estimate Revisions - The current consensus FFO estimate for the upcoming quarter is $0.55 on revenues of $30.82 million, and for the current fiscal year, it is $2.20 on revenues of $123.67 million [7] - The estimate revisions trend for CHCT is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market [6] Industry Context - The REIT and Equity Trust - Other industry, to which CHCT belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating potential challenges ahead [8]
Community Healthcare Trust(CHCT) - 2025 Q1 - Quarterly Results
2025-04-29 20:33
Financial Performance - Total revenues for Q1 2025 were $30,078,000, an increase from $29,298,000 in Q4 2024, representing a growth of 2.7%[15] - Net income for Q1 2025 was $1,591,000, compared to $1,832,000 in Q4 2024, showing a decrease of 13.1%[15] - Funds from Operations (FFO) for Q1 2025 were $12,668,000, slightly down from $12,745,000 in Q4 2024[15] - Adjusted EBITDAre for Q1 2025 was $21,596,000, consistent with $21,617,000 in Q4 2024[15] - Adjusted Funds from Operations (AFFO) for Q1 2025 were $14,739,000, an increase from $14,630,000 in Q4 2024[24] - Net Operating Income (NOI) for Q1 2025 was $23,983,000, up from $23,813,000 in Q4 2024[33] - General and administrative expenses for Q1 2025 were $5,100,000, an increase from $4,809,000 in Q4 2024[33] - The company recorded an interest expense of $6,352,000 in Q1 2025, slightly down from $6,405,000 in Q4 2024[33] - The market capitalization was reported at $514,631,000 as of Q1 2025, down from $542,536,000 in Q4 2024[21] Dividends and Shareholder Returns - The company reported a quarterly dividend of $0.4675 per share, with a dividend yield of 10.30%[8] - The company declared a dividend of $0.4675 per common share in Q1 2025, compared to $0.4650 in Q4 2024[23] Debt and Capitalization - Net debt to total capitalization ratio stood at 41.0% as of Q1 2025, up from 40.3% in Q4 2024[21] - Total debt as of March 31, 2025, amounted to $496,016 thousand, with a leverage ratio of 41.9%, well below the required maximum of 60.0%[39][42] - The company reported a total capitalization that includes debt, stockholders' equity, and accumulated depreciation, highlighting its financial structure[83] Property and Portfolio Management - Total real estate properties increased to $1,148,772,000 in Q1 2025 from $1,145,931,000 in Q4 2024[21] - The company owned a total of 201 properties as of March 31, 2025, with a leasing rate of 90.9%[8] - The portfolio was approximately 90.9% leased as of March 31, 2025, with lease expirations ranging from 2025 through 2045[55] - The company’s portfolio includes a variety of healthcare facilities, such as Inpatient Rehabilitation Facilities (IRF) and Long-Term Acute Care Hospitals (LTACH), catering to diverse patient needs[75][76] Market and Revenue Insights - Approximately 51% of property revenues are generated from MSAs with populations over 1,000,000[57] - Medical Office Buildings (MOB) accounted for 36.6% of annualized rent, making it the largest segment in the portfolio[48] - The average annualized rent across the properties listed in the documents indicates a strong rental income potential in the healthcare real estate sector[60][61] - The company is focusing on expanding its portfolio in high-demand healthcare markets, as evidenced by the diverse range of properties listed[60][61] Operational Metrics - The fixed charge coverage ratio stood at 3.2, significantly above the required minimum of 1.50x[42] - Non-cash stock-based compensation as a percentage of revenue was 9.0% in Q1 2025, compared to 8.8% in Q4 2024[23] - The weighted average common shares outstanding increased to 27,007,000 in Q1 2025 from 26,786,000 in Q4 2024[24] - Weighted average common shares outstanding for Q1 2025 increased to 28,324 thousand from 27,680 thousand in Q1 2024, reflecting a growth of approximately 2.3% year-over-year[37] Future Outlook and Strategy - The company’s forward-looking statements reflect management's expectations regarding capital resources and portfolio performance, indicating a proactive approach to market conditions[85][86] - The company utilizes non-GAAP financial measures such as AFFO, which adjusts for acquisitions, providing insights into future operational impacts[66] - The company emphasizes the importance of EBITDAre and Adjusted EBITDAre as key performance indicators for evaluating core operating results[69][70]