Community Healthcare Trust(US:CHCT) ZACKS·2024-10-29 22:45Core Viewpoint - Community Healthcare Trust (CHCT) reported quarterly funds from operations (FFO) of $0.55 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, but down from $0.63 per share a year ago, indicating a 12.7% year-over-year decline [1][2] Financial Performance - The company posted revenues of $29.64 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.01% and showing an increase from $28.74 million in the same quarter last year [2] - Over the last four quarters, CHCT has only surpassed consensus FFO estimates once [2] Stock Performance - CHCT shares have declined approximately 33.5% since the beginning of the year, contrasting with the S&P 500's gain of 22.1% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $0.53 on revenues of $29.62 million, and for the current fiscal year, it is $2.17 on revenues of $115.54 million [7] - The estimate revisions trend for CHCT is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The REIT and Equity Trust - Other industry is currently ranked in the top 24% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]