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 ...

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 ...

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) 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) 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 ...

• 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 ...

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. ...

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 ...

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 ...

Financial Data and Key Metrics Changes - Total revenue increased from $24.8 million in Q3 2022 to $28.7 million in Q3 2023, representing a 15.8% year-over-year growth [23] - Funds from operations (FFO) rose from $13.8 million in Q3 2022 to $15 million in Q3 2023, an 8.9% increase year-over-year [24] - Adjusted funds from operations (AFFO) totaled $16.4 million in Q3 2023, up from $15.4 million in Q3 2022, marking a 6.9% year-over-year growth [89] - General and administrative expenses decreased from $3.8 million in Q2 2023 to $3.6 million in Q3 2023 [5] - Interest expense increased from $4.1 million in Q2 2023 to $4.6 million in Q3 2023 due to higher borrowings and interest rates [68] Business Line Data and Key Metrics Changes - The company acquired 7 properties totaling approximately 177,000 square feet for about $51.7 million, with properties 99.8% leased [65] - The weighted average remaining lease term remained stable at 7.1 years, while occupancy decreased from 91.7% to 91% due to lease rejections [86] Market Data and Key Metrics Changes - The company has 7 properties under review with expected investments of $166.5 million, anticipated returns ranging from 9.1% to 9.75% [66] - The company continues to see good leasing activity at locations previously occupied by GenesisCare, indicating a stable market demand [31] Company Strategy and Development Direction - The company plans to opportunistically utilize the ATM to access equity markets and expects to continue funding acquisitions through banking relationships [22] - The focus remains on healthcare-related assets, with a willingness to consider selling non-core properties if they do not fit long-term strategies [35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing dialogue with potential sellers, indicating a positive outlook for acquisition opportunities [78] - The company is monitoring the debt markets closely, with no immediate maturities until 2026, allowing for strategic planning [76] Other Important Information - The company declared a dividend of $0.455 per common share for Q3, raising the annualized dividend to $1.82 per share [87] - Property operating expenses increased by approximately $670,000 quarter-over-quarter, attributed to seasonal increases and newly acquired properties [88] Q&A Session Summary Question: What is the mix of cash versus stock compensation for new hires? - Management is evaluating the compensation structure and will disclose details in the next 6 months [8] Question: How is the company approaching debt financing in the next 6 months? - The company plans to primarily use its revolving credit facility and will monitor the debt markets for opportunistic refinancing [76] Question: What is the confidence level in re-tenanting rejected assets versus selling them? - Management is optimistic about re-leasing the spaces and has conducted market studies to assess rental rates [31] Question: How has the recent rise in interest rates affected conversations with potential sellers? - The company feels it has an advantage as an all-cash buyer, allowing for selective acquisition opportunities [100]