Community Healthcare Trust(US:CHCT)2023-08-10 14:20Investment Pipeline - Four properties were acquired after June 30, 2023, for approximately $35.6 million [1] - These properties were 100% leased upon acquisition, with lease expirations through 2038 [1] - Eight properties are under definitive purchase agreements for approximately $191.0 million, with expected returns of approximately 9.1% to 9.75% [2] - A term sheet is signed for dialysis clinic funding and development with an expected investment of up to $60.0 million and returns of approximately 9.5% [3] Portfolio Diversification - The top 3 tenants account for 22.1% of annualized rent [6] - Lifepoint Health accounts for $9.320 million, which is 9.9% of annualized rent [6] - US HealthVest accounts for $7.835 million, which is 8.3% of annualized rent [6] - GenesisCare accounts for $3.729 million, which is 3.9% of annualized rent [6] - All other tenants account for $73.564 million, which is 77.9% of annualized rent [6] - The total annualized revenue is $94.448 million [6] Financial Metrics - As of June 30, 2023, the company's market capitalization was $876.4 million and enterprise value was $1,240.8 million [84] - The company has achieved 152% total shareholder return since inception [84]