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 ...

Core Viewpoint - Community Healthcare Trust (NYSE:CHCT) has underperformed the Vanguard Real Estate Index Fund ETF (VNQ) in 2024, with a negative return of 12.5%, presenting a potential buying opportunity as it trades at a market implied cap rate of 9% while growing its occupancy and property portfolio [1] Company Overview - Community Healthcare Trust is a healthcare REIT with significant exposure to medical offices (39.9% of annualized rent), inpatient rehabilitation facilities (17.7%), and acute inpatient behavioral facilities (13.2%) [2] - The company operates 197 properties across 35 states, with the largest exposure in Texas (15.5% of annualized rent), followed by Illinois (11.2%) and Ohio (10.4%) [3] Operational Overview - As of Q1 2024, the occupancy rate was 92.3%, an increase of 0.7% year-over-year, which is notable given the 40% exposure to medical offices [4] - The company has been acquiring nearly fully leased properties, including four buildings with a 98.6% lease rate in Q1 2024 [4] - A new long-term lease for a property will require redevelopment, expected to be completed by 2026, alongside other properties undergoing significant renovations [5] Financial Overview - FFO for Q1 2024 was $0.53 per share, down 7% quarter-over-quarter due to higher interest rates and acquisition timing [6] - Community Healthcare Trust generated $23.5 million in net operating income (NOI) in Q1 2024, with a pro forma total revenue of $30.1 million if all acquisitions had occurred at the start of the quarter [9][10] - The company has a net debt of $439 million, accounting for 41% of enterprise value, with 20% of the debt being floating rate and 80% fixed rate [8] Executive Compensation and Management - A new executive compensation plan will take effect on July 1, 2024, aimed at reducing administrative expenses, which were elevated in Q1 2024 at $4.5 million [11] - The company is addressing shareholder concerns regarding executive compensation while managing overall administrative expenses [11] Conclusion - Community Healthcare Trust is trading at a market-implied cap rate of about 9% and is expanding its property portfolio through acquisitions with indicative returns in the 9-10% range [14] - The company is recovering from the bankruptcy of GenesisCare, with plans to lease and sell remaining assets [14]

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 ...

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- ...

Community Healthcare Trust Incorporated (NYSE:CHCT) Q1 2024 Earnings Conference Call May 1, 2024 10:00 AM ET Company Participants Dave Dupuy - CEO William Monroe - CFO Conference Call Participants Alexander Goldfarb - Piper Sandler Rob Stevenson - Janney Jim Kammert - Evercore Alex Fagan - Baird Operator Welcome to the Community Healthcare Trust’s 2024 First Quarter Earnings Release Conference Call. On the call today, the company will discuss its 2024 first quarter financial results. It will also discuss pr ...