Community Healthcare Trust Announces Results for the Three Months Ended December 31, 2025

Rhea-AI Summary

Community Healthcare Trust (NYSE: CHCT) reported net income of approximately $14.4 million (or $0.51 per diluted share) for the quarter ended December 31, 2025. FFO and AFFO were $0.49 and $0.55 per diluted share, respectively.

The company acquired an inpatient rehabilitation facility in Florida for about $28.5 million, disposed of three buildings for aggregate net proceeds of about $31.6 million and recorded a net gain of about $12.3 million. The board declared a quarterly dividend of $0.4775 per share payable March 4, 2026.

Positive

• Net income of $14.4 million for Q4 2025
• FFO of $0.49 and AFFO of $0.55 per diluted share
• Acquired inpatient rehab facility for $28.5 million (100% leased, 2040 lease)
• Disposed assets with aggregate net proceeds of $31.6 million and $12.3 million gain
• Dividend declared at $0.4775 per share payable March 4, 2026

Negative

• Five properties under agreement total expected purchase price of $122.5 million (timing uncertain)
• Tenant in six properties paid only $0.2 million in rent and interest in Q4 2025

Key Figures

Net income: $14.4 million EPS (diluted): $0.51 per share FFO per share: $0.49 per share +5 more

8 metrics

Net income $14.4 million Three months ended December 31, 2025

EPS (diluted) $0.51 per share Q4 2025 net income per diluted common share

FFO per share $0.49 per share Funds from operations, Q4 2025, diluted basis

AFFO per share $0.55 per share Adjusted funds from operations, Q4 2025, diluted basis

Florida acquisition price $28.5 million Inpatient rehabilitation facility, Q4 2025 purchase price

Net proceeds from dispositions $31.6 million Aggregate net proceeds from three building sales in Q4 2025

Net gain on sales $12.3 million Net gain recognized on Q4 2025 property dispositions

Quarterly dividend $0.4775 per share Dividend declared February 12, 2026, payable March 4, 2026

Market Reality Check

Price: $18.02 Vol: Volume 443,507 is 1.97x t...

high vol

$18.02 Last Close

Volume Volume 443,507 is 1.97x the 20-day average of 224,915, indicating elevated interest ahead of and around this earnings release. high

Technical Shares at $18.02 are trading above the 200-day MA of $15.86 and about 11% below the 52-week high of $20.28.

Peers on Argus

CHCT gained 0.68% with strong volume, while healthcare REIT peers were mixed: UH...

CHCT gained 0.68% with strong volume, while healthcare REIT peers were mixed: UHT +0.78%, DHC +2.61%, GMRE +1.36%, SILA +1.83%, and STRW -1.40%. With no peers in the momentum scanner and varied moves, today’s action appears more company-specific than a broad sector trade.

Historical Context

5 past events · Latest: Feb 12 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 12	Dividend increase	Positive	-2.3%	Quarterly dividend raised to $0.4775 per share, extending growth streak.
Jan 21	Earnings date set	Neutral	+0.0%	Company scheduled Q4 2025 earnings release and conference call.
Dec 03	Capital recycling deals	Positive	-3.4%	Executed $29.7M sale and $28.5M acquisition via 1031 tax-deferred exchange.
Oct 28	Q3 2025 earnings	Positive	-0.2%	Reported Q3 net income and FFO/AFFO with new Florida rehab acquisition.
Oct 23	Dividend increase	Positive	+4.1%	Board raised Q3 2025 dividend to $0.475 per share, maintaining growth trend.

Pattern Detected

Recent positive corporate updates (dividend increases, accretive recycling, earnings) have often seen muted or negative next-day reactions, suggesting a tendency for the stock to underreact or fade good news, with occasional strong upside on dividend headlines.

Recent Company History

Over the past several months, Community Healthcare Trust has focused on dividend growth and capital recycling. Dividend increases on Oct 23, 2025 and Feb 12, 2026 lifted the quarterly payout to $0.4775 per share, extending a streak of increases every quarter since the IPO. The company executed a $29.7M disposition and a $28.5M acquisition via a 1031 exchange in late 2025, and Q3 2025 results showed FFO/AFFO per share of $0.50/$0.56. Today’s Q4 2025 results and new acquisition commitments build directly on that capital recycling and dividend growth narrative.

Market Pulse Summary

This announcement highlights Q4 2025 performance with net income of $14.4 million, solid FFO of $0.4...

Analysis

This announcement highlights Q4 2025 performance with net income of $14.4 million, solid FFO of $0.49 and AFFO of $0.55 per share, and active capital recycling that produced a $12.3 million gain. Management added a fully leased Florida rehab facility at a 9.3% expected return and outlined $122.5 million of future acquisitions at targeted returns of 9.1%–9.75%. The quarterly dividend was raised to $0.4775 per share. Investors may watch execution on the acquisition pipeline, tenant transitions, and sustainability of AFFO coverage of the dividend.

Key Terms

funds from operations, ffo, adjusted funds from operations, affo, +2 more

6 terms

funds from operations financial

"Funds from operations ("FFO") and adjusted funds from operations..."

Funds from operations (FFO) measures the cash a real estate-focused company generates from its core property operations by adjusting net income to add back non-cash expenses like building depreciation and removing one-time gains or losses from property sales. Investors use FFO like a household’s monthly take-home pay—it's a clearer view of ongoing cash available to pay dividends, maintain properties and fund growth than raw accounting profit.

ffo financial

"Funds from operations ("FFO") and adjusted funds from operations..."

Funds from operations (FFO) is a performance metric used mainly for real estate companies that measures the cash generated by their core rental and property-management activities, while removing accounting items such as building depreciation and one-time gains or losses from property sales. Investors rely on FFO to assess a real estate firm's ability to pay and sustain dividends and fund growth—similar to checking how much actual rent a landlord collects each month rather than paper profits.

adjusted funds from operations financial

"Funds from operations ("FFO") and adjusted funds from operations ("AFFO")..."

Adjusted funds from operations is a financial measure that shows how much cash a real estate company generates from its property operations, excluding certain non-recurring items and accounting adjustments. It helps investors understand the company’s true cash flow ability to pay dividends or fund growth. This figure offers a clearer picture of ongoing financial performance by removing irregular or one-time factors that can distort regular income.

affo financial

"Funds from operations ("FFO") and adjusted funds from operations ("AFFO")..."

AFFO (Adjusted Funds from Operations) is a measure of how much cash a real estate company or investment trust generates from its core operations after subtracting routine upkeep, leasing costs and other recurring expenses. Investors use it as a rough proxy for the cash available to pay dividends or reinvest, like checking how much money remains in your household budget after paying regular bills to see what you can spend or save.

letter of intent financial

"the tenant signed a Letter of Intent (LOI) for the sale of its business..."

A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.

atm program financial

"During the fourth quarter of 2025, the Company did not issue any shares under its ATM program."

An ATM program is a plan or arrangement that allows a company to sell its shares directly to investors over time, often through automated systems like online platforms. It provides a flexible way for companies to raise money gradually without needing a full public offering each time. For investors, it can offer easier access to buying or selling shares and can help companies manage their fundraising more efficiently.

AI-generated analysis. Not financial advice.

FRANKLIN, Tenn., Feb. 17, 2026 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced results for the three months ended December 31, 2025. The Company reported net income for the three months ended December 31, 2025 of approximately $14.4 million, or $0.51 per diluted common share. Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the three months ended December 31, 2025 totaled $0.49 and $0.55 per diluted common share, respectively.

Items Impacting Our Results include:

• During the fourth quarter of 2025, the Company acquired an inpatient rehabilitation facility in Florida upon completion of construction for a purchase price of approximately $28.5 million and cash consideration of approximately $28.5 million. The property was 100.0% leased to a tenant with a lease expiration in 2040 and an expected return of approximately 9.3%. The acquisition was funded with net proceeds from the sale of an inpatient rehabilitation facility in Texas through a like-kind exchange under Section 1031 of the United States Internal Revenue Code.
• During the fourth quarter of 2025, the Company disposed of three buildings, including the inpatient rehabilitation facility in Texas which was used to fund the inpatient rehabilitation acquisition in Florida, received net proceeds in the aggregate of approximately $31.6 million, and recognized a net gain of approximately $12.3 million on the sales. Also, on February 12, 2026, the Company sold the property classified as an asset held for sale at December 31, 2025 and received net proceeds of approximately $5.2 million.
• During the fourth quarter of 2025, the geriatric behavioral hospital operator, a tenant in six of the Company's properties, paid rent and interest totaling $0.2 million. In July 2025, the tenant signed a Letter of Intent (LOI) for the sale of its business to a behavioral healthcare provider. Among other terms and conditions of the sale, the buyer would sign new leases for the six geriatric hospitals owned by the Company. The buyer is finalizing legal and business due diligence, and while the transaction is progressing, the Company cannot provide assurance regarding the specific timing or the ultimate certainty of the closing.
• The Company has five properties under definitive purchase agreements, to be acquired after completion and occupancy, for an aggregate expected purchase price of approximately $122.5 million. The Company's expected returns on these investments are approximately 9.1% to 9.75%. The Company anticipates closing on one of these properties in the first quarter of 2026 and the remaining properties throughout 2026 and 2027; however, the Company cannot provide assurance as to the timing of when, or whether, these transactions will actually close.
• During the fourth quarter of 2025, the Company did not issue any shares under its ATM program.
• On February 12, 2026, the Company's Board of Directors declared a quarterly common stock dividend in the amount of $0.4775 per share. The dividend is payable on March 4, 2026 to stockholders of record on February 23, 2026.

About Community Healthcare Trust Incorporated
Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2025, the Company had investments of approximately $1.2 billion in 198 real estate properties (including one property with sales-type leases and one property classified as held for sale). The properties are located in 36 states, totaling approximately 4.5 million square feet in the aggregate.

Additional information regarding the Company, including this quarter's operations, can be found at www.chct.reit.  Please contact the Company at 615-771-3052 to request a printed copy of this information.

Cautionary Note Regarding Forward-Looking Statements
In addition to the historical information contained within, the matters discussed in this press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "believes", "expects", "may", "will," "should", "seeks", "approximately", "intends", "plans", "estimates", "anticipates" or other similar words or expressions, including the negative thereof. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. Because forward-looking statements relate to future events, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the control of Community Healthcare Trust Incorporated (the "Company"). Thus, the Company's actual results and financial condition may differ materially from those indicated in such forward-looking statements. Some factors that might cause such a difference include the following: general volatility of the capital markets and the market price of the Company's common stock, changes in the Company's business strategy, availability, terms and deployment of capital, changes in the real estate industry in general, interest rates or the general economy, adverse developments related to the healthcare industry, changes in governmental regulations, the degree and nature of the Company's competition, the ability to consummate acquisitions under contract, catastrophic or extreme weather and other natural events and the physical effects of climate change, the occurrence of cyber incidents, effects on global and national markets as well as businesses resulting from increased inflation, changes in interest rates, supply chain disruptions, labor conditions, prolonged government shutdown or budgetary reductions or impasses, tariffs and global trade tensions, and/or international conflicts, and the other factors described in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and the Company's other filings with the Securities and Exchange Commission from time to time. Readers are therefore cautioned not to place undue reliance on the forward-looking statements contained herein which speak only as of the date hereof. The Company intends these forward-looking statements to speak only as of the time of this press release and undertakes no obligation to update forward-looking statements, whether as a result of new information, future developments, or otherwise, except as may be required by law.

COMMUNITY HEALTHCARE TRUST INCORPORATED CONSOLIDATED BALANCE SHEETS (Dollars and shares in thousands, except per share amounts)
	December 31, 2025		December 31, 2024
ASSETS
Real estate properties:
Land and land improvements	$                     154,673		$                 149,501
Buildings, improvements, and lease intangibles	1,047,743		996,104
Personal property	813		326
Total real estate properties	1,203,229		1,145,931
Less accumulated depreciation	(280,316)		(242,609)
Total real estate properties, net	922,913		903,322
Cash and cash equivalents	3,340		4,384
Assets held for sale	5,265		6,755
Other assets, net	59,239		78,102
Total assets	$                     990,757		$                 992,563
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net	$                     532,199		$                 485,955
Accounts payable and accrued liabilities	14,925		14,289
Other liabilities, net	14,246		16,354
Total liabilities	561,370		516,598
Commitments and contingencies
Stockholders' Equity
Preferred stock, $0.01 par value; 50,000 shares authorized; none issued and outstanding	—		—
Common stock, $0.01 par value; 450,000 shares authorized; 28,471 and 28,242 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	285		282
Additional paid-in capital	717,450		704,524
Cumulative net income	90,777		85,675
Accumulated other comprehensive gain	6,691		17,631
Cumulative dividends	(385,816)		(332,147)
Total stockholders' equity	429,387		475,965
Total liabilities and stockholders' equity	$                     990,757		$                 992,563

The Consolidated Balance Sheets do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.

 

COMMUNITY HEALTHCARE TRUST INCORPORATED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2025 AND 2024 (Dollars and shares in thousands, except per share amounts)
	Three Months Ended December 31,				Twelve Months Ended December 31,
	2025		2024		2025		2024
	(Unaudited)
REVENUES
Rental income	$          30,679		$          28,983		$        121,351		$        114,565
Other operating interest	267		315		(156)		1,221
	30,946		29,298		121,195		115,786
EXPENSES
Property operating	6,014		5,485		23,624		22,834
General and administrative (1)	4,778		4,809		25,095		19,058
Depreciation and amortization	10,814		10,797		43,538		42,778
	21,606		21,091		92,257		84,670
OTHER (EXPENSE) INCOME
Gains on the sales of depreciable real estate assets, net of losses and impairments	12,051		14		11,803		(121)
Interest expense	(6,959)		(6,405)		(26,978)		(23,706)
Credit loss reserve	—		—		(8,672)		(11,000)
Deferred income tax expense	(23)		—		(23)		—
Interest and other income, net	19		16		34		530
	5,088		(6,375)		(23,836)		(34,297)
NET INCOME (LOSS)	$          14,428		$            1,832		$            5,102		$          (3,181)
NET INCOME (LOSS) PER COMMON SHARE
Net income (loss) per common share - Basic	$              0.51		$              0.04		$              0.08		$            (0.23)
Net income (loss) per common share - Diluted	$              0.51		$              0.04		$              0.08		$            (0.23)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC	26,953		26,682		26,857		26,530
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED	26,953		26,682		26,857		26,530
(1) General and administrative expenses for the twelve months ended December 31, 2025, included severance and transition-related expenses totaling $1.3 million related to a termination in 2025. Non-cash stock-based compensation expense for the three and twelve months ended December 31, 2025 totaled $2.6 million and $14.9 million. respectively. Non-cash stock-based compensation expense for the twelve months ended December 31, 2025 included accelerated amortization of $4.6 million related to the termination in 2025. Non-cash stock-based compensation expense for the three and twelve months ended December 31, 2024 totaled $2.6 million and $10.0 million, respectively.   The Consolidated Statements of Operations do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.

 

COMMUNITY HEALTHCARE TRUST INCORPORATED RECONCILIATION OF FFO and AFFO (1) (Unaudited; Dollars and shares in thousands, except per share amounts)
	Three Months Ended December 31,
	2025		2024
Net income	$                  14,428		$                    1,832
Real estate depreciation and amortization	10,952		10,927
Gains on the sales of depreciable real estate assets, net of losses and impairments	(12,051)		(14)
Total adjustments	(1,099)		10,913
FFO (1)(2)	$                  13,329		$                  12,745
Straight-line rent	(985)		(712)
Stock-based compensation	2,599		2,597
AFFO (1)(2)	$                  14,943		$                  14,630
FFO per Common Share-Diluted (1)(2)	$                      0.49		$                      0.48
AFFO per Common Share-Diluted (1)(2)	$                      0.55		$                      0.55
Weighted Average Common Shares Outstanding-Diluted (2)	27,259		26,786

(1)	Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminishes predictably over time.  However, since real estate values have historically risen or fallen with market conditions, many industry investors deem presentations of operating results for real estate companies that use historical cost accounting to be insufficient by themselves. For that reason, the Company considers funds from operations ("FFO") and adjusted funds from operations ("AFFO") to be appropriate measures of operating performance of an equity real estate investment trust ("REIT"). In particular, the Company believes that AFFO is useful because it allows investors, analysts and Company management to compare the Company's operating performance to the operating performance of other real estate companies and between periods on a consistent basis without having to account for differences caused by unanticipated items and other events.    The Company uses the National Association of Real Estate Investment Trusts, Inc. ("NAREIT") definition of FFO. FFO is an operating performance measure adopted by NAREIT. NAREIT defines FFO as the most commonly accepted and reported measure of a REIT's operating performance equal to net income (calculated in accordance with GAAP), excluding gains or losses from the sale of certain real estate assets, gains and losses from change in control, impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity, plus depreciation and amortization related to real estate properties, and after adjustments for unconsolidated partnerships and joint ventures. NAREIT also provides REITs with an option to exclude gains, losses and impairments of assets that are incidental to the main business of the REIT from the calculation of FFO.   In addition to FFO, the Company presents AFFO and AFFO per share. The Company defines AFFO as FFO, excluding certain expenses related to closing costs of properties acquired accounted for as business combinations and mortgages funded, excluding straight-line rent and the amortization of stock-based compensation, and including or excluding other non-cash items from time to time. AFFO presented herein may not be comparable to similar measures presented by other real estate companies due to the fact that not all real estate companies use the same definition.    FFO and AFFO should not be considered as alternatives to net income (determined in accordance with GAAP) as indicators of the Company's financial performance or as alternatives to cash flow from operating activities (determined in accordance with GAAP) as measures of the Company's liquidity, nor are they necessarily indicative of sufficient cash flow to fund all of the Company's needs. The Company believes that in order to facilitate a clear understanding of the consolidated historical operating results of the Company, FFO and AFFO should be examined in conjunction with net income as presented elsewhere herein.
(2)	Diluted weighted average common shares outstanding for FFO and AFFO are calculated based on the treasury method, rather than the 2-class method used to calculate earnings per share. Restricted stock awards and time-based RSUs are included in the calculation of weighted average common shares outstanding to the extent that they are dilutive. Performance-based RSUs are included in the calculation of weighted average common shares outstanding to the extent that they are in-the-money as of the end of the reporting period and are dilutive.

CONTACT:  Bill Monroe, 615-771-3052

View original content:https://www.prnewswire.com/news-releases/community-healthcare-trust-announces-results-for-the-three-months-ended-december-31-2025-302689914.html

SOURCE Community Healthcare Trust Incorporated

FAQ

What did CHCT report for net income and EPS in Q4 2025 (December 31, 2025)?

CHCT reported net income of approximately $14.4 million, or $0.51 per diluted share. According to the company, this covers the three months ended December 31, 2025 and accompanies FFO of $0.49 and AFFO of $0.55 per share.

What acquisition did CHCT complete in Q4 2025 and what were the terms?

CHCT acquired an inpatient rehabilitation facility in Florida for about $28.5 million in cash. According to the company, the property was 100% leased with a lease expiring in 2040 and an expected return of approximately 9.3%.

How much did CHCT receive from property dispositions in Q4 2025 and what gain was recorded?

CHCT received aggregate net proceeds of approximately $31.6 million from three building sales and recognized a net gain of about $12.3 million. According to the company, proceeds funded the Florida acquisition via a like-kind exchange.

What dividend did CHCT declare on February 12, 2026 and when is it payable?

The board declared a quarterly common stock dividend of $0.4775 per share. According to the company, the dividend is payable on March 4, 2026 to holders of record as of February 23, 2026.

What near-term acquisitions does CHCT expect and what is the aggregate value?

CHCT has five properties under definitive purchase agreements with an aggregate expected purchase price of about $122.5 million. According to the company, expected returns are ~9.1% to 9.75%, but timing and closings remain uncertain through 2026–2027.