CHCT Q1 net income $3.7M ($0.11/sh); AFFO $0.59/sh; $34.2M in acquisitions, $169.5M pipeline

Community Healthcare Trust Inc

2024-Q1 EPS reported $0.11 revenue$29,333,000

Revenue $29.3M (+8% YoY); NOI $23.5M, net income $3.7M; FFO $0.53/sh, AFFO $0.59/sh (vs $0.62 in Q1 2023).
Acquired 4 properties for $34.2M in Q1; post-Q1 bought IRF for $23.5M. Seven properties under definitive purchase for ~$169.5M (expected returns 9.1%-9.75%).
Board declared Q2 dividend $0.46/sh (payable May 24, record May 10), up from $0.4575/sh prior quarter.
Portfolio 92.3% leased, 197 properties, debt-to-capitalization 38.0%; GenesisCare bankruptcy emerged with 2 leases retained.
FY outlook: pipelines remain active; closings expected through 2027.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Community Healthcare Trust Inc reported the three months ended March 31, 2024 results: net income approximately $3.7 million, EPS $0.11 per diluted common share.

Period: the three months ended March 31, 2024
Net income: approximately $3.7 million
EPS: $0.11 per diluted common share
Result: reported results

Exact text from the filing

The Company reported net income for the three months ended March 31, 2024 of approximately $3.7 million, or $0.11 per diluted common share.

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379 earnings releases filed in the last 30 days. Browse all earnings releases →

Community Healthcare Trust Inc filing history →

Source: SEC EDGAR

accession 0001631569-24-000043

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