Community Healthcare Trust(CHCT)
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Compared to Estimates, Community Healthcare Trust (CHCT) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-05-01 00:06
For the quarter ended March 2024, Community Healthcare Trust (CHCT) reported revenue of $29.33 million, up 7.9% over the same period last year. EPS came in at $0.59, compared to -$0.32 in the year-ago quarter.The reported revenue represents a surprise of -1.44% over the Zacks Consensus Estimate of $29.76 million. With the consensus EPS estimate being $0.60, the EPS surprise was -1.67%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...
Community Healthcare Trust (CHCT) Lags Q1 FFO and Revenue Estimates
Zacks Investment Research· 2024-04-30 22:46
Community Healthcare Trust (CHCT) came out with quarterly funds from operations (FFO) of $0.59 per share, missing the Zacks Consensus Estimate of $0.60 per share. This compares to FFO of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -1.67%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.62 per share when it actually produced FFO of $0.61, delivering a surprise of -1.61%.Over the l ...
Community Healthcare Trust(CHCT) - 2024 Q1 - Quarterly Results
2024-04-30 20:31
COMMUNITY Exhibit 99.2 CHCT LISTED NYSE SUPPLEMENTAL INFORMATION Q1 2024 Community Healthcare Trust 1Q 2024 | Supplemental Information ABOUT US CHCT is a self-managed healthcare real estate investment trust ("REIT") that owns a diverse portfolio of properties including medical office buildings, acute inpatient behavioral facilities, inpatient rehabilitation facilities, physician clinics, specialty centers, behavioral specialty facilities, and surgical centers and hospitals across the United States, primaril ...
Community Healthcare Trust(CHCT) - 2024 Q1 - Quarterly Report
2024-04-30 20:31
• An increase in property operating expenses related to snow removal of approximately $0.2 million and insurance premiums of approximately $0.1 million. Management considers certain non-GAAP financial measures and key performance indicators to be useful supplemental measures of the Company's operating performance. A non-GAAP financial measure is generally defined as one that purports to measure financial performance, financial position or cash flows, but excludes or includes amounts that would not be so adj ...
Community Healthcare Trust Announces Results for the Three Months Ended March 31, 2024
Prnewswire· 2024-04-30 20:30
FRANKLIN, Tenn., April 30, 2024 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced results for the three months ended March 31, 2024. The Company reported net income for the three months ended March 31, 2024 of approximately $3.7 million, or $0.11 per diluted common share. Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the three months ended March 31, 2024 totaled $0.53 and $0.59, respectively, per diluted common share. Items ...
Community Healthcare Trust Incorporated Announces Increased First Quarter Dividend
Prnewswire· 2024-04-25 21:43
FRANKLIN, Tenn., April 25, 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 March 31, 2024. This dividend, in the amount of $0.46 per share, is payable on May 24, 2024 to shareholders of record on May 10, 2024. This dividend rate equates to an annualized dividend of $1.84 per share. Community Healthcare Trust Incorporated has increased its dividend every quarter since its I ...
Community Healthcare Trust Announces First Quarter Earnings Release Date And Conference Call
Prnewswire· 2024-04-05 20:45
FRANKLIN, Tenn., April 5, 2024 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) today announced that on Tuesday evening, April 30, 2024, after the market closes, it will report results for the first quarter of 2024. On May 1, 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 available to in ...
Community Healthcare Trust(CHCT) - 2023 Q4 - Earnings Call Transcript
2024-02-14 20:22
Financial Data and Key Metrics Changes - Total revenue increased from $25.3 million in Q4 2022 to $29.1 million in Q4 2023, representing a 14.9% year-over-year growth [91] - Funds from operations (FFO) rose from $13.6 million in Q4 2022 to $14.9 million in Q4 2023, a 9.5% year-over-year increase, although it decreased slightly from $15 million in Q3 2023 [92] - Adjusted funds from operations (AFFO) totaled $16.1 million in Q4 2023, a 4.3% increase year-over-year from $15.4 million in Q4 2022, but down 2.1% from $16.4 million in Q3 2023 [21] Business Line Data and Key Metrics Changes - The company acquired 2 properties in Q4 2023 for approximately $7.1 million, with an anticipated annual return of about 9.6% [84] - For the year, the company acquired 19 properties for a total of $97.8 million, with annual returns ranging from 9.1% to 10.6% [84] - The occupancy rate slightly increased from 91% to 91.1%, while the weighted average remaining lease term decreased to 6.9 years [87] Market Data and Key Metrics Changes - The company is experiencing good acquisition activity with many properties under review, expecting indicative returns of 9% to 10% [18] - The disposition market is characterized as not frozen, with ongoing interest in property sales despite current economic conditions [12][27] Company Strategy and Development Direction - The company plans to utilize traditional capital sources, including credit facilities and proceeds from asset sales, to fund acquisitions and maintain growth at attractive yields throughout 2024 [18] - The company is transitioning its long-term incentive plan to a 3-year forward-looking measurement period, aligning executive compensation with shareholder value [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about opportunities in 2024, highlighting the successful management of properties during the GenesisCare bankruptcy process [17] - The company anticipates a more favorable interest rate environment in the future, which could enhance AFFO and FFO growth [64] Other Important Information - The company declared a dividend of $0.4575 per common share for Q4 2023, marking a continuous increase since its IPO [2] - General and administrative expenses rose to $3.7 million, driven by higher non-cash deferred compensation and professional fees [4] Q&A Session Summary Question: Was there any economic impact from the credit issues faced? - Management indicated that there was no loss to shareholders and everything worked out as anticipated [8] Question: How is the disposition market characterized currently? - Management stated that the market is not frozen and there are opportunities for asset sales [12][27] Question: What is the status of the GenesisCare leases? - Management confirmed that GenesisCare has met its lease obligations and is transitioning leases to new buyers [17] Question: How does the company plan to fund acquisitions? - The company plans to primarily use its credit facility and ATM, with asset sales as a potential option [13][24] Question: What is the outlook for AFFO per share growth? - Management acknowledged that AFFO per share has been flat due to rising interest rates but remains focused on growth [64] Question: What types of assets are in the acquisition pipeline? - The pipeline consists of a mix of physician clinics and single-tenant properties, with a focus on maintaining a diverse portfolio [41][59]
Community Healthcare Trust (CHCT) Reports Q4 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-02-14 01:01
Community Healthcare Trust (CHCT) reported $29.12 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 14.9%. EPS of $0.61 for the same period compares to $0.19 a year ago.The reported revenue represents a surprise of -1.66% over the Zacks Consensus Estimate of $29.62 million. With the consensus EPS estimate being $0.62, the EPS surprise was -1.61%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they com ...
Community Healthcare Trust (CHCT) Q4 FFO and Revenues Lag Estimates
Zacks Investment Research· 2024-02-14 00:01
Community Healthcare Trust (CHCT) came out with quarterly funds from operations (FFO) of $0.61 per share, missing the Zacks Consensus Estimate of $0.62 per share. This compares to FFO of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -1.61%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.63 per share when it actually produced FFO of $0.63, delivering no surprise.Over the last four ...