FRANKLIN, Tenn., Oct. 16, 2024 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced that it has closed on an amended 5-year $400 million senior unsecured revolving line of credit (the "Revolving Facility") with the Second Amendment to the Company's Third Amended and Restated Credit Agreement (the "Refinancing Transaction"). This amended $400 million Revolving Facility will significantly increase the Company's liquidity compared to the previous $150 million sen ...

Community Healthcare Realty Trust dividend isn't as healthy as it had been. Community Healthcare Trust (CHCT -1.83%) currently offers a dividend yield above 10%. That puts it several times higher than the S&P 500's dividend yield of less than 1.5%. That's a monster yield for a company with such a magnificent record of increasing its payout. It has raised its payment every quarter since its initial public offering in 2015. However, that streak could end abruptly. The healthcare-focused real estate investment ...

Market Market Production D T I onurdongel Introduction Community Healthcare Trust (NYSE:CHCT) has substantially underperformed the Vanguard Real Estate Index Fund ETF (VNQ) so far in 2024, with the company's shares posting a ~28% loss against the 5% total return for the benchmark ETF: CHCT vs VNQ in 2024 (Seeking Alpha) Going further back, we note the company is now trading below its March 2020 levels, at the height of the COVID-19 crisis. I also covered the shares back in June 2024 arguing they were underv ...

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 ...

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 ...

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 ...

Financial Performance - Revenues for Q2 2024 were $27,516,000, a decrease of 6.2% from Q1 2024's $29,333,000[10] - Net loss for Q2 2024 was $(10,427,000), compared to a net income of $3,665,000 in Q1 2024[10] - Net Operating Income (NOI) for Q2 2024 was $21,944,000, down 6.8% from $23,542,000 in Q1 2024[10] - Adjusted EBITDA for Q2 2024 was $19,960,000, a decrease of 6.8% from $21,413,000 in Q1 2024[10] - Funds From Operations (FFO) for Q2 2024 were $11,608,000, down 17.3% from $14,043,000 in Q1 2024[10] - Adjusted Funds From Operations (AFFO) for Q2 2024 were $14,281,000, a decrease of 9.1% from $15,712,000 in Q1 2024[10] - Rental income for Q2 2024 was reported at $27.905 million, compared to $28.342 million in Q1 2024, reflecting a decrease of 1.5%[128] - The net loss for Q2 2024 was $10.427 million, resulting in a net loss per diluted common share of $0.42[128] Assets and Liabilities - Total assets were $983,196,000 in Q2 2024, slightly up from $982,701,000 in Q1 2024[12] - Net debt rose to $457,625,000 in Q2 2024, compared to $442,320,000 in Q1 2024[12] - The market valuation decreased to $656,059,000 in Q2 2024 from $735,467,000 in Q1 2024[12] - The company has a total debt of $459 million, with a net debt of $457.625 million after accounting for deferred financing costs[28] - The leverage ratio stood at 39.9%, well below the required maximum of 60.0%[123] - The debt to total capitalization ratio stands at 38.9%, reflecting a moderate leverage position[112] Property and Portfolio - Total real estate properties increased to $1,120,450,000 in Q2 2024 from $1,090,690,000 in Q1 2024[12] - The total portfolio was approximately 92.6% leased as of June 30, 2024, with lease expirations ranging from 2024 through 2044[44] - The company owns a total of 198 properties, with a total square footage of 4,457,227[112] - The portfolio is 92.6% leased, indicating strong occupancy rates[112] - The weighted average remaining lease term is 7.1 years, providing stability in cash flows[112] Tenant and Revenue Sources - Approximately 51% of property revenues are generated from MSAs with populations over 1,000,000, and about 92% are in areas with populations over 100,000[32] - The annualized rent distribution by property type shows Medical Office Buildings (MOB) at 39.1%, Inpatient Rehabilitation Facilities (IRF) at 19.2%, and Acute Inpatient Behavioral (AIB) at 12.9%[29] - The company has a diverse tenant base, with LifePoint Health contributing 10.7% to annualized rent[29] Acquisitions and Growth - The company acquired five properties in 2024, totaling a purchase price of $57.7 million and covering 203,022 square feet[41] - The company is focusing on acquisitions to enhance its Adjusted Funds from Operations (AFFO), which reflects the impact of newly acquired properties[64] - The company is expanding its presence in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with facilities like Hopebridge - Westlake and Continuum Wellness Center[66] Dividends and Shareholder Information - The quarterly dividend paid during the period was $0.4600 per share, with a dividend yield of 7.87%[112] - Dividends declared per common share for the period were $0.4600, slightly up from $0.4575 in Q1 2024[128] - The company has 28,048,712 common shares outstanding, indicating a significant shareholder base[112] Operational Metrics - The weighted average interest rate per annum on the revolving line of credit is 7.1%[112] - The weighted average interest rate per annum on term loans is 4.4%, suggesting favorable borrowing conditions[112] - The fixed charge coverage ratio was reported at 3.8, exceeding the minimum requirement of 1.50x[123] - The company utilizes NAREIT definitions for FFO and AFFO, which are critical for evaluating operating performance and liquidity[81]

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 ...

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 ...

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 ...