earnings
confidence high
sentiment neutral
materiality 0.70
CHCT reports Q2 net income $0.24/share, FFO $0.62/share; acquires $15.7M in properties
Community Healthcare Trust Inc
2023-Q2 EPS reported
-$0.07
revenue$54,986,000
- Net income $6.6M ($0.24/diluted share); Q2 revenue $27.8M, up 15.6% YoY.
- FFO $0.62, AFFO $0.63 per diluted share; includes $0.03 net casualty gain.
- Acquired three properties and one land parcel for $15.7M in Q2; post-Q2 acquired two properties for $35.6M.
- Has $207.1M in definitive purchase agreements (three immediate $16.1M, eight future $191M) with expected returns 9.1%-10.3%.
- Declared quarterly dividend $0.4525/share (up from $0.45 prior), payable Aug 25, 2023.