earnings
confidence high
sentiment neutral
materiality 0.60
CHCT Q4 FFO $0.57, AFFO $0.61; declares $0.4575 dividend; $194M+ acquisition pipeline
Community Healthcare Trust Inc
2023-FY EPS reported
$0.20
revenue$112,845,000
- Net income $4.6M ($0.15 EPS); FFO $0.57 and AFFO $0.61 per diluted share for Q4 2023.
- Revenue $29.1M, NOI $23.5M; portfolio 91.1% leased with 193 properties totaling 4.25M sq ft.
- Acquired two properties for $7.1M in Q4; subsequent $6.5M LTACH acquisition funded via credit facility.
- Three properties under definitive purchase for $27.9M (9.1% return); seven to-be-built properties for $166.5M (9.1-9.75% return).
- GenesisCare leases to be assumed/assigned; Q4 dividend increased to $0.4575/share, payable March 1, 2024.