Community Healthcare Trust(CHCT)
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Community Healthcare Trust(CHCT) - 2020 Q3 - Quarterly Report
2020-11-03 21:56
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 001-37401 Community Healthcare Trust Incorporated (Exact Name of Registrant as Specified in Its Charter) Maryland 46-5212033 (S ...
Community Healthcare Trust(CHCT) - 2020 Q2 - Earnings Call Transcript
2020-08-06 03:27
Community Healthcare Trust, Inc. (NYSE:CHCT) Q2 2020 Earnings Conference Call August 5, 2020 10:00 AM ET Company Participants Timothy Wallace - Chairman, CEO & President David Dupuy - EVP & CFO William Barnes - EVP, COO & Corporate Secretary Conference Call Participants Nathan Crossett - Berenberg Gaurav Mehta - National Securities Corporation Alexander Goldfarb - Piper Sandler & Co. Sheila McGrath - Evercore ISI Operator Welcome to Community Healthcare Trust's 2020 Second Quarter Earnings Release conferenc ...
Community Healthcare Trust(CHCT) - 2020 Q2 - Quarterly Report
2020-08-04 21:07
Real Estate Acquisitions - The Company acquired 13 real estate properties totaling approximately 213,000 square feet for an aggregate purchase price of approximately $58.2 million during the first six months of 2020[100]. - The Company has two properties under definitive purchase agreements with an expected purchase price of approximately $2.6 million and expected returns of approximately 9.3%[101]. - The Company expects to close on three properties with an aggregate expected purchase price of approximately $68.0 million, with expected returns ranging from 9.5% to 11.0%[102]. - The Company has two properties under definitive purchase agreements for an aggregate expected purchase price of approximately $2.6 million, with expected returns of approximately 9.3%[142]. Rental Income and Revenue - Rental income for the three months ended June 30, 2020, increased by $4.5 million, or 33.4%, compared to the same period in 2019, primarily due to real estate acquisitions[114]. - For the six months ended June 30, 2020, rental income increased by $9.0 million, or 34.3%, compared to the same period in 2019[123]. - Revenues increased by approximately $8.5 million, or 30.5%, for the six months ended June 30, 2020, compared to the same period in 2019[125]. Financial Performance - Net income for the three months ended June 30, 2020, was $4.5 million, representing a 119.1% increase compared to $2.1 million in the same period in 2019[114]. - Funds from Operations (FFO) for the six months ended June 30, 2020, were approximately $21.2 million, compared to $14.1 million for the same period in 2019, representing a 50.5% increase[134]. - Cash flows provided by operating activities for the six months ended June 30, 2020, were approximately $23.7 million, compared to $14.4 million for the same period in 2019[149]. Expenses - Property operating expenses for the three months ended June 30, 2020, increased by $0.2 million, or 7.7%, compared to the same period in 2019[117]. - Property operating expenses rose by approximately $0.5 million, or 8.2%, for the six months ended June 30, 2020, primarily due to real estate acquisitions[126]. - General and administrative expenses increased by approximately $0.6 million, or 15.4%, for the six months ended June 30, 2020, mainly due to compensation-related expenses[127]. - Interest expense decreased by approximately $0.1 million, or 3.0%, for the three months ended June 30, 2020, due to a lower weighted average interest rate[121]. Debt and Capitalization - The Company had a debt to total capitalization ratio of approximately 29.3% as of June 30, 2020, remaining compliant with its financial covenants[141]. Dividends and Funding - The Company declared a quarterly common stock dividend of $0.4225 per share, equating to an annualized dividend of $1.69 per share[156]. - The Company expects to fund new investments through cash from operations, proceeds from its Credit Facility, or additional debt or equity offerings[145]. Portfolio Status - As of June 30, 2020, the Company's real estate portfolio was approximately 89.5% leased, with 107,000 square feet leased or renewed during the first half of 2020[103]. - The Company had investments in real estate properties totaling approximately $664.7 million as of June 30, 2020, compared to $511.6 million in 2019[112].
Community Healthcare Trust(CHCT) - 2020 Q1 - Earnings Call Transcript
2020-05-06 22:57
Community Healthcare Trust Incorporated (NYSE:CHCT) Q1 2020 Earnings Conference Call May 6, 2020 10:00 AM ET Company Participants Timothy Wallace – Chairman, Chief Executive Officer and President Dave Dupuy – Chief Financial Officer Conference Call Participants Nate Crossett – Berenberg Alexander Goldfarb – Piper Sandler Bryan Maher – B. Riley FBR Barry Oxford – D.A. Davidson Rob Stevenson – Janney Sheila McGrath – Evercore Operator Welcome to the Community Healthcare Trust 2020 First Quarter Earnings Relea ...
Community Healthcare Trust(CHCT) - 2020 Q1 - Quarterly Report
2020-05-05 21:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act. ☐ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2020 OR ☐ TRANSITION REPORT PURSUANT ...
Community Healthcare Trust(CHCT) - 2019 Q4 - Earnings Call Transcript
2020-02-26 20:23
Community Healthcare Trust Incorporated (NYSE:CHCT) Q4 2019 Earnings Conference Call February 26, 2020 10:00 AM ET Company Participants Timothy Wallace – Chairman, Chief Executive Officer and President Dave Dupuy – Chief Financial Officer Conference Call Participants Nate Crossett – Berenberg Rob Stevenson – Janney Drew Babin – Baird Alexander Goldfarb – Piper Sandler Michael Lewis – SunTrust Sheila McGrath – Evercore ISI Matt Boone – B. Riley FBR Operator Welcome to Community Healthcare Trust's 2019 Fourth ...
Community Healthcare Trust(CHCT) - 2019 Q4 - Annual Report
2020-02-25 22:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 001-37401 | --- | --- | --- | |-----------------------------------------------------|--------------------------------------------------- ...
Community Healthcare Trust(CHCT) - 2019 Q3 - Earnings Call Transcript
2019-11-06 20:53
Community Healthcare Trust, Inc. (NYSE:CHCT) Q3 2019 Earnings Conference Call November 6, 2019 10:00 AM ET Company Participants Timothy Wallace – Chairman, Chief Executive Officer and President Dave Dupuy – Chief Financial Officer Page Barnes – Chief Operating Officer Conference Call Participants Sheila McGrath – Evercore ISI Rob Stevenson – Janney Alexander Goldfarb – Sandler O'Neill Bryan Maher – B. Riley Drew Babin – Baird Barry Oxford – D.A. Davidson Operator Welcome to Community Healthcare Trust 2019 T ...
Community Healthcare Trust(CHCT) - 2019 Q3 - Quarterly Report
2019-11-05 21:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 001-37401 Community Healthcare Trust Incorporated (Exact Name of Registrant as Specified in Its Charter) Maryland (State or Oth ...
Community Healthcare Trust(CHCT) - 2019 Q2 - Earnings Call Transcript
2019-08-09 18:56
Community Healthcare Trust, Inc. (NYSE:CHCT) Q2 2019 Results Conference Call August 7, 2019 11:00 AM ET Company Participants Timothy Wallace - Chairman, Chief Executive Officer and President Dave Dupuy - Chief Financial Officer Page Barnes - Chief Operating Officer Leigh Ann Stach - Chief Accounting Officer Conference Call Participants Alexander Goldfarb - Sandler O'Neill Nate Crossett - Berenberg Rob Stevenson - Janney Andrew Babin - Baird Sheila McGrath - Evercore Barry Oxford - D.A. Davidson Operator Wel ...