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Community Healthcare Trust(CHCT) - 2024 Q2 - Earnings Call Transcript
2024-07-31 19:53
Community Healthcare Trust Incorporated (NYSE:CHCT) Q2 2024 Earnings Conference Call July 31, 2024 10:00 AM ET Company Participants Dave Dupuy – Chief Executive Officer Bill Monroe – Chief Financial Officer Conference Call Participants Rob Stevenson – Janney Alexander Goldfarb – Piper Sandler Michael Lewis – Truist Wes Golladay – Baird Jim Kammert – Evercore Operator Welcome to the Community Healthcare Trust’s 2024 Second Quarter Earnings Release Conference Call. On the call today, the company will discuss ...
Community Healthcare Trust (CHCT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-07-31 00:06
The reported revenue represents a surprise of -8.34% over the Zacks Consensus Estimate of $30.02 million. With the consensus EPS estimate being $0.59, the EPS surprise was -10.17%. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Revenues- Rental income : -$0.39 million versus the three-analyst average estimate of $1 million. The repo ...
Community Healthcare Trust (CHCT) Lags Q2 FFO and Revenue Estimates
ZACKS· 2024-07-30 23:07
While Community Healthcare Trust has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? This quarterly report represents an FFO surprise of -10.17%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.60 per share when it actually produced FFO of $0.59, delivering a surprise of -1.67%. Another stock from the same industry, City Office REIT (CIO) , has yet to report results for the quarter ended June 20 ...
Community Healthcare Trust(CHCT) - 2024 Q2 - Quarterly Results
2024-07-30 20:34
Community Healthcare Trust Page | 26 2Q 2024 | Supplemental Information While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. We disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes after the date of this supplemental information package, except as required by applicable law. You should not place u ...
Community Healthcare Trust(CHCT) - 2024 Q2 - Quarterly Report
2024-07-30 20:34
NOTE 6. DERIVATIVE FINANCIAL INSTRUMENTS Notes to Condensed Consolidated Financial Statements - Continued On March 29, 2024, two interest rate swaps matured and were replaced with two forward-starting interest rate swaps for notional amounts totaling $50.0 million. As of June 30, 2024, the Company had fifteen outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk for notional amounts totaling $350.0 million, which mature between 2026 and 2030, at the maturity da ...
Community Healthcare Trust Announces Results for the Three Months Ended June 30, 2024
Prnewswire· 2024-07-30 20:30
FRANKLIN, Tenn., July 30, 2024 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced results for the three months ended June 30, 2024. The Company reported a net loss for the three months ended June 30, 2024 of approximately $10.4 million, or $0.42 per diluted common share. Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the three months ended June 30, 2024 totaled $0.43 and $0.53, respectively, per diluted common share. Items Impa ...
Community Healthcare Trust Incorporated Announces Increased Second Quarter Dividend
Prnewswire· 2024-07-25 23:51
About Community Healthcare Trust Incorporated SOURCE Community Healthcare Trust Incorporated Community Healthcare Trust Incorporated (the "Company") is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. FRANKLIN, Tenn., July 25, 2024 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) today announced that its Board of Dir ...
Community Healthcare Trust: A Buying Opportunity After Recent Underperformance
Seeking Alpha· 2024-06-05 18:30
Luis Alvarez Introduction below: Portfolio by property type (Community Healthcare Trust Q1 2024 Supplemental Info) Community Healthcare Trust (NYSE:CHCT) has underperformed the Vanguard Real Estate Index Fund ETF (VNQ) so far in 2024, posting a negative return of 12.5%, more than double the benchmark ETF's drop: CHCT vs VNQ in 2024 (Seeking Alpha) I think this has created a buying opportunity, with the company trading at a market implied cap rate of 9%, and at the same time growing its occupancy and propert ...
Community Healthcare Trust Releases Inaugural Corporate Sustainability Report
prnewswire.com· 2024-05-21 21:21
FRANKLIN, Tenn., May 21, 2024 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced the release of its inaugural Corporate Sustainability Report for the year 2023. This comprehensive report highlights the Company's commitment to environmental stewardship, social responsibility, and good governance practices (ESG). The report is aligned with the Global Reporting Initiative (GRI) and can be found on the Corporate Responsibility page of the Company's Investor Rela ...
11 Upcoming Dividend Increases Including 2 Kings
Seeking Alpha· 2024-05-02 17:54
patpitchaya/iStock via Getty Images We have eleven new dividend increases to kick off in May. It's also great to get one or two dividend kings to bolster the list. Parker-Hannifin (PH) extends its 68-year streak with a 10.1% increase. Not to be outdone, W.W. Grainger (GWW) extends its 53-year streak with a 10.2% increase. They are wonderful examples of great businesses that have rewarded shareholders for decades. The companies feature an average increase of 6.3% and a median of 4.8%. I adhere to a dividend- ...