Community Healthcare Trust(CHCT)

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Community Healthcare Trust(CHCT) - 2023 Q4 - Annual Report
2024-02-13 22:02
• changes made by the Biden Administration to reverse actions taken by the Trump Administration that impacted enrollment in health insurance exchanges and Medicaid; • tax law changes affecting non-profit providers, including the Tax Cuts and Jobs Act of 2017's effect on charitable contributions; 14 Available Information The Company makes available to the public free of charge through its internet website the Company's Definitive Proxy Statement, Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Cu ...
Community Healthcare Trust Announces Results for the Three Months Ended December 31, 2023
Prnewswire· 2024-02-13 21:45
FRANKLIN, Tenn., Feb. 13, 2024 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced results for the three months ended December 31, 2023. The Company reported net income for the three months ended December 31, 2023 of approximately $4.6 million, or $0.15 per diluted common share. Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the three months ended December 31, 2023 totaled $0.57 and $0.61, respectively, per diluted common share. ...
Community Healthcare Trust Incorporated Announces Increased Fourth Quarter Dividend
Prnewswire· 2024-02-09 00:13
FRANKLIN, Tenn., Feb. 8, 2024 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) today announced that its Board of Directors has increased its common stock cash dividend for the quarter ended December 31, 2023. This dividend, in the amount of $0.4575 per share, is payable on March 1, 2024 to shareholders of record on February 20, 2024. This dividend rate equates to an annualized dividend of $1.83 per share. Community Healthcare Trust Incorporated has increased its dividend every quarter si ...
Community Healthcare Trust Announces Fourth Quarter Earnings Release Date And Conference Call
Prnewswire· 2024-01-23 21:45
FRANKLIN, Tenn., Jan. 23, 2024 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) today announced that on Tuesday evening, February 13, 2024, after the market closes, it will report results for the fourth quarter of 2023. On February 14, 2024, at 9:00 a.m. Central Time, Community Healthcare Trust will hold a conference call to discuss earnings results, quarterly activities, general operations of the Company and industry trends. Simultaneously, a webcast of the conference call will be avail ...
Community Healthcare Trust(CHCT) - 2023 Q3 - Earnings Call Transcript
2023-11-01 19:16
Community Healthcare Trust, Inc. (NYSE:CHCT) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants David Dupuy - CEO, President, Secretary & Director William Monroe - EVP & CFO Conference Call Participants Connor Mitchell - Piper Sandler & Co. Robert Stevenson - Janney Montgomery Scott Wesley Golladay - Robert W. Baird & Co. James Kammert - Evercore ISI Operator Welcome to Community Healthcare Trust's 2023 Third Quarter Earnings Release Conference Call. On the call today, the co ...
Community Healthcare Trust(CHCT) - 2023 Q3 - Earnings Call Presentation
2023-11-01 16:42
Earnings Presentation – 3rd Quarter, 2023 October 25, 2023 Disclaimer Statement 2 This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 that involve risk and uncertainties. All statements in this presentation other than statements of historical fact, including statements regarding projections, expected operating ...
Community Healthcare Trust(CHCT) - 2023 Q3 - Quarterly Report
2023-10-30 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (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, 2023 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 Maryland 46-5212033 3326 Aspen Grove Drive Suite 150 Franklin, Tennessee 37067 (Address of Principal Executive Offices) (Zip Co ...
Community Healthcare Trust(CHCT) - 2023 Q2 - Earnings Call Presentation
2023-08-10 14:20
Investment Pipeline • Four properties acquired subsequent to June 30, 2023, for an aggregate purchase price of approximately $35.6 million. Upon acquisition, the properties were 100% leased with lease expirations through 2038. • Eight properties under definitive purchase agreements, to be acquired after completion and occupancy, for an aggregate expected purchase price of approximately $191.0 million. The Company's expected returns on these investments are approximately 9.1% to 9.75%. The Company anticipate ...
Community Healthcare Trust(CHCT) - 2023 Q2 - Earnings Call Transcript
2023-08-02 18:09
Financial Data and Key Metrics Changes - Total revenue increased from $24 million in Q2 2022 to $27.8 million in Q2 2023, representing a 15.6% year-over-year growth [24] - Property operating expenses decreased by approximately $100,000 quarter-over-quarter to $4.8 million [25] - General and administrative expenses decreased from $16.2 million in Q1 2023 to $3.8 million in Q2 2023 [25] - Adjusted funds from operations (AFFO) totaled $16 million in Q2 2023, up from $15 million in Q2 2022, marking a 7% growth year-over-year [27] - FFO grew from $2.2 million in Q1 2023 to $15.9 million in Q2 2023, with per diluted common share increasing from $0.09 to $0.62 [53] Business Line Data and Key Metrics Changes - Occupancy increased slightly from 91.6% to 91.7% [13] - Weighted average remaining lease term declined from 7.4 years to 7.1 years [13] - The company has three properties under definitive purchase agreements for a total expected purchase price of $16.1 million, with expected returns of approximately 9.2% to 10.3% [14] Market Data and Key Metrics Changes - Genesis Care, a tenant, filed for Chapter 11 bankruptcy, affecting approximately 3.1% of the company's gross real estate properties [11][19] - The company is monitoring the Genesis Care bankruptcy and its potential impacts [12] Company Strategy and Development Direction - The company aims to continue acquiring properties, with eight additional properties under review for an aggregate expected investment of $191 million [22] - The company plans to opportunistically utilize the ATM to access equity markets [48] - The management is focused on maintaining a strong capital structure while evaluating acquisition financing options [36] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for healthcare properties despite the Genesis Care situation, indicating a belief that there will be a buyer for the spaces [32] - The company is seeing more opportunities for acquisitions with less competition, which is viewed as a positive tailwind for the business [40] - Management noted that the issues with Genesis Care are primarily related to its capital structure rather than the underlying assets [77] Other Important Information - The company declared a dividend for Q2 2023, raising it to $0.4525 per common share, equating to an annualized dividend of $1.81 per share [23] - The company incurred property damage due to vandalism at a vacant property, estimating a casualty loss of approximately $1.6 million, but received insurance proceeds totaling $2.3 million, resulting in a net casualty gain of approximately $700,000 [45] Q&A Session Summary Question: Update on Genesis Care's bankruptcy and lease rejections - Management confirmed that Genesis Care still has the opportunity to reject leases until the bid submission deadline on September 22, with results expected in early October [30] Question: Concerns about vandalism at properties - Management stated that the vandalism incident was unusual and occurred at a vacant facility, emphasizing that security measures are in place for empty buildings [33] Question: Credit watch list and tenant concerns - Management indicated that the credit watch list includes a few tenants, but there are no significant concerns beyond Genesis Care [34] Question: Acquisition pipeline and competition - Management noted that there is less competition for acquisition opportunities, which is favorable for the company [40] Question: Utilization of Genesis Care properties - Management confirmed that the asset management team has verified that Genesis Care properties are operational and providing healthcare services [71]
Community Healthcare Trust(CHCT) - 2023 Q2 - Quarterly Report
2023-07-31 16:00
(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2023 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 Title of each Class Trading Symbol Name of each exchange on which registered Common stock, $0.01 par value per share CHCT New York Stock Exchange | --- | --- | --- | |------------|------------------------ ...