earnings
confidence high
sentiment negative
materiality 0.75
CHCT Q2 net loss $10.4M on $11M credit reserve for tenant; AFFO $0.53
Community Healthcare Trust Inc
2024-Q2 EPS reported
-$0.31
revenue$56,849,000
- Net loss of $10.4M ($0.42/diluted share) vs net income of $6.6M a year ago.
- FFO $0.43 and AFFO $0.53 per share, down from $0.62 and $0.63 in Q2 2023.
- Recorded $3.2M lease/interest reserve and $11.0M credit loss reserve on a geriatric inpatient behavioral hospital tenant.
- Acquired one IRF for $23.5M in Q2; post-quarter closed a $6.2M MOB. Pipeline of $169.5M.
- Quarterly dividend raised to $0.4625/share (was $0.46), payable Aug 23.