Community Healthcare Tr Inc Stock Price, News & Analysis

Community Healthcare Trust (NYSE: CHCT) reported Q3 2024 results with net income of $1.7 million ($0.04 per diluted share). FFO and AFFO were $0.48 and $0.55 per diluted share, respectively. The company acquired a 20,400 sq ft physician clinic for $6.2 million and sold an 11,200 sq ft surgical center in Texas. CHCT has four properties under purchase agreements worth $8.8 million and seven post-completion properties valued at $169.5 million. The company amended its credit facility, increasing the revolving facility to $400 million and extending maturity to October 2029. A quarterly dividend of $0.465 per share was declared.

Community Healthcare Trust (NYSE: CHCT) announced an increased quarterly dividend of $0.4650 per share for Q3 2024, payable on November 22, 2024, to shareholders of record on November 8, 2024. The new dividend rate corresponds to an annualized dividend of $1.86 per share. The company has maintained a consistent track record of increasing its dividend every quarter since its Initial Public Offering.

Community Healthcare Trust Incorporated (NYSE: CHCT) has closed on an amended 5-year $400 million senior unsecured revolving line of credit, significantly increasing its liquidity from the previous $150 million facility. This Refinancing Transaction extends the Company's debt maturity profile, with the next debt maturity not until March 2028. The Company also achieved improved, lower pricing on the Revolving Facility of 10 to 30 basis points depending on the applicable leverage ratio.

The Revolving Facility is supported by 12 financial institutions, with Truist Bank as the Administrative Agent. Proceeds were used to repay the existing $75.0 million A-3 Term Loan, which was scheduled to mature on March 29, 2026. Approximately $123.0 million outstanding under the previous Revolving Facility will remain outstanding under the new facility.

Community Healthcare Trust Incorporated (NYSE: CHCT) has announced its schedule for reporting third quarter 2024 earnings and hosting a conference call. The company will release its financial results on Tuesday, October 29, 2024, after market close. A conference call to discuss the earnings results, quarterly activities, general operations, and industry trends is scheduled for October 30, 2024, at 9:00 a.m. Central Time.

Investors can access the conference call via domestic (1-888-347-1332), international (1-412-902-4278), or Canadian toll-free (1-855-669-9657) dial-in numbers. Additionally, a simultaneous webcast will be available on the company's website at www.chct.reit under the Investor Relations section. For those unable to attend live, a replay of the conference call will be accessible using the provided replay numbers and conference ID: 5493474.

Community Healthcare Trust (NYSE: CHCT) reported a net loss of $10.4 million, or $0.42 per diluted share, for Q2 2024. FFO and AFFO were $0.43 and $0.53 per diluted share, respectively. Key impacts include:

1. Reserves and allowances totaling $14.3 million due to collectability issues with a geriatric inpatient behavioral hospital tenant.

2. Acquisition of an inpatient rehabilitation facility for $23.5 million.

3. Post-quarter acquisition of a medical office building for $6.2 million.

4. Seven properties under purchase agreements for an expected $169.5 million.

5. Issuance of 294,000 shares through ATM program, raising $7.0 million.

6. Declared quarterly dividend of $0.4625 per share, payable August 23, 2024.

Community Healthcare Trust (NYSE: CHCT) has announced an increase in its quarterly cash dividend for Q2 2024. The Board of Directors has approved a dividend of $0.4625 per share, payable on August 23, 2024, to shareholders of record on August 9, 2024. This new dividend rate translates to an annualized dividend of $1.85 per share.

The company has maintained a consistent track record of increasing its dividend every quarter since its Initial Public Offering. This latest increase demonstrates CHCT's commitment to delivering value to its shareholders and reflects the company's strong financial position in the healthcare real estate sector.

Community Healthcare Trust (NYSE: CHCT) has announced that it will release its second-quarter earnings for 2024 on July 30, 2024, after the market closes. A conference call to discuss the earnings results, company activities, and industry trends will be held on July 31, 2024, at 9:00 a.m. Central Time. The event will be available via webcast through the Investor Relations section on the company's website at www.chct.reit. A replay of the conference call will also be accessible afterward on the same site.

Community Healthcare Trust (NYSE: CHCT) has released its inaugural Corporate Sustainability Report for 2023. This report emphasizes the company's commitment to environmental stewardship, social responsibility, and good governance (ESG). The report adheres to the Global Reporting Initiative (GRI) standards and is available on the company's website.

Key highlights include short and long-term ESG goals, environmental performance metrics, sustainability initiatives, and strategies guiding their sustainability efforts. Additionally, the report covers employee engagement, diversity metrics, tenant and community engagement, and governance practices aimed at improving transparency and accountability.

Community Healthcare Trust Incorporated announced its financial results for the first quarter of 2024, revealing a net income of $3.7 million. The company acquired several properties and issued new shares to fund its expansion plans. Despite changes in executive compensation and a tenant emerging from bankruptcy, the company remains focused on growth and shareholder value.