Community Healthcare Tr Stock Price, News & Analysis
Company Description
Community Healthcare Trust Incorporated (NYSE: CHCT) is a real estate investment trust (REIT) that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in its target sub-markets throughout the United States. The company is classified in the finance and insurance sector under other financial vehicles and its common stock, with a par value of $0.01 per share, is listed on the New York Stock Exchange under the symbol CHCT.
According to the company’s public disclosures, Community Healthcare Trust acquires, owns, or finances healthcare-related real estate that is leased to healthcare providers. The portfolio includes properties such as inpatient rehabilitation facilities, behavioral specialty facilities, geriatric behavioral hospitals and other assets associated with outpatient healthcare services. The company has stated in multiple press releases that it invests in income-producing properties in its chosen sub-markets across the United States.
As described in recent investor communications, Community Healthcare Trust’s revenues are derived from rental income and related items from its real estate portfolio. Rental and related income is generated under contractual lease arrangements with tenants. The company’s financial reporting and supplemental information also reference mortgage notes and financing structures in connection with certain properties, consistent with its role as a healthcare-focused real estate owner and financier.
Community Healthcare Trust reports that, as of various recent quarter-ends, it had investments of approximately $1.2 billion in around 200 real estate properties, including properties subject to sales-type leases, properties classified as held for sale, and properties accounted for as financing transactions. These properties are located in 36 states and total roughly 4.5 to 4.6 million square feet in the aggregate, illustrating a geographically diverse portfolio within the United States.
The company’s disclosures highlight an ongoing capital recycling program. In this program, Community Healthcare Trust disposes of selected properties and redeploys the proceeds into new acquisitions. For example, the company has reported the disposition of inpatient rehabilitation facilities and other buildings, followed by the acquisition of newly constructed, 100% leased inpatient rehabilitation facilities using like-kind exchanges under Section 1031 of the United States Internal Revenue Code. This approach is intended to reinvest sale proceeds into properties with targeted returns while managing tenant concentration and leverage.
Community Healthcare Trust’s portfolio activity includes acquiring properties upon completion of construction, often under definitive purchase agreements that contemplate closing after completion and occupancy. The company has described expected returns on these investments within specified ranges and has noted that many of these properties are subject to long-term leases, with some lease expirations extending to 2040. It has also disclosed that certain properties are accounted for initially as financing transactions or sales-type leases, with reclassification to real estate properties when lease conditions are met.
In its financial reporting, Community Healthcare Trust presents metrics commonly used by equity REITs, including funds from operations (FFO) and adjusted funds from operations (AFFO). The company states that it uses the National Association of Real Estate Investment Trusts (NAREIT) definition of FFO and provides reconciliations from net income to FFO and AFFO. Management has indicated that FFO and AFFO are considered useful measures of operating performance because they adjust for non-cash items such as depreciation and certain gains or losses on real estate assets, and they facilitate comparison across periods and with other real estate companies.
The company’s balance sheet disclosures show its primary assets as land and land improvements, buildings, improvements and lease intangibles, and personal property, net of accumulated depreciation. Additional assets include cash and cash equivalents, assets held for sale, and other assets. On the liabilities side, Community Healthcare Trust reports debt, accounts payable and accrued liabilities, and other liabilities. Stockholders’ equity includes common stock, additional paid-in capital, cumulative net income, accumulated other comprehensive gain, and cumulative dividends.
Community Healthcare Trust’s public communications also describe its dividend practices. The company has announced quarterly common stock cash dividends and has stated that it has increased its dividend every quarter since its initial public offering. Recent press releases detail incremental increases in the quarterly dividend amount and the corresponding annualized dividend rate, along with record and payment dates approved by the board of directors.
In addition to portfolio and financial updates, Community Healthcare Trust reports on governance and compensation matters through its SEC filings. For example, an 8-K filed in January 2026 describes a board-approved amendment to the company’s Alignment of Interest Program, reserving additional restricted shares of common stock for issuance to employees, officers and directors in lieu of cash compensation. This illustrates the company’s use of equity-based compensation programs to align the interests of management, directors and shareholders.
Community Healthcare Trust also discloses leadership changes and organizational developments. A press release in May 2025 announced a key leadership change in asset management, with a new Senior Vice President of Asset Management succeeding a departing Executive Vice President, Asset Management. The company described this change as intended to extend operational momentum and increase focus on portfolio leasing, management and investment.
Regular earnings releases and related 8-K filings provide insight into Community Healthcare Trust’s operating performance, portfolio acquisitions and dispositions, tenant developments, and financing activities. The company has reported acquisitions of inpatient rehabilitation facilities and behavioral specialty facilities, dispositions of buildings in specific states, credit loss reserves related to notes receivable from certain tenants, and the use of a revolving credit facility to fund acquisitions. It also reports on its at-the-market (ATM) equity offering program, including the capacity to issue common stock and the addition of forward sale capabilities.
Community Healthcare Trust’s disclosures include risk factor discussions by reference to its Annual Report on Form 10-K and other SEC filings. The company notes that its results may be influenced by factors such as capital market volatility, changes in business strategy, availability and deployment of capital, conditions in the real estate and healthcare industries, interest rates, governmental regulations, competition, acquisition execution, natural events, cyber incidents, macroeconomic conditions, and geopolitical developments. These risk factors are cited in the context of cautionary statements regarding forward-looking information in its press releases.
Business model and revenue characteristics
Community Healthcare Trust’s business model centers on owning and, in some cases, financing healthcare-related real estate that generates rental and related income under contractual lease agreements. The company’s communications indicate that it targets income-producing properties associated primarily with outpatient healthcare services in its chosen sub-markets. Revenues reported in its financial statements are primarily rental income and other operating interest, reflecting the economics of its real estate and related financing activities.
The company’s use of FFO and AFFO reflects its focus on recurring cash-based performance rather than GAAP net income alone, which is affected by non-cash depreciation and other items. By reconciling net income to FFO and AFFO, Community Healthcare Trust provides additional measures that many real estate investors use to assess the performance of REITs.
Portfolio strategy and capital recycling
Community Healthcare Trust’s reported capital recycling program involves identifying properties for disposition and redeploying the proceeds into new investments. The company has disclosed the use of Section 1031 like-kind exchanges to defer taxes on gains from property sales while acquiring replacement properties, such as newly constructed inpatient rehabilitation facilities that are fully leased. This strategy is described as a way to reinvest sale proceeds at targeted returns and to adjust tenant concentration without increasing leverage.
The company also enters into definitive purchase agreements for properties that will be acquired after construction and occupancy are complete. These agreements specify expected purchase prices and targeted returns, and the company has disclosed that it anticipates closing on these properties over multi-year periods, subject to completion and other conditions.
Risk, tenants and credit considerations
Community Healthcare Trust’s disclosures highlight tenant-related credit considerations. For example, the company has reported credit loss reserves on notes receivable from a geriatric behavioral hospital tenant and described letters of intent for potential sales of that tenant’s business to another behavioral healthcare provider, which could result in new leases for certain properties. These disclosures illustrate the importance of tenant performance and lease structures to the company’s financial results.
Regulatory reporting and investor communications
As a public company, Community Healthcare Trust files periodic and current reports with the Securities and Exchange Commission, including Forms 10-K, 10-Q and 8-K. The company uses 8-K filings to furnish earnings press releases, supplemental information packages, and investor presentations, and to report material events such as amendments to compensation programs. It also issues press releases announcing dividend declarations, earnings release dates and conference calls, portfolio transactions, and leadership changes.
FAQs about Community Healthcare Trust (CHCT)
- What does Community Healthcare Trust Incorporated do?
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 its target sub-markets throughout the United States. It acquires, owns or finances healthcare-related properties that are leased to healthcare service providers. - How does Community Healthcare Trust generate revenue?
According to its financial statements and public disclosures, Community Healthcare Trust generates revenue primarily from rental income and related items under contractual lease arrangements with tenants of its healthcare real estate properties. It also reports other operating interest related to certain financing structures. - What types of properties are in Community Healthcare Trust’s portfolio?
The company’s press releases describe a portfolio that includes inpatient rehabilitation facilities, behavioral specialty facilities, geriatric behavioral hospitals and other real estate associated with outpatient healthcare services. These properties are subject to leases with healthcare operators and are located across multiple states in the United States. - Where are Community Healthcare Trust’s properties located?
Community Healthcare Trust has reported that its properties are located in 36 states across the United States. As of recent quarter-ends, the portfolio totaled approximately 4.5 to 4.6 million square feet in the aggregate. - What is Community Healthcare Trust’s stock symbol and where does it trade?
Community Healthcare Trust Incorporated’s common stock, with a par value of $0.01 per share, trades on the New York Stock Exchange under the symbol CHCT. - Does Community Healthcare Trust pay a dividend?
Yes. The company’s press releases state that its board of directors declares quarterly common stock cash dividends and that Community Healthcare Trust has increased its dividend every quarter since its initial public offering. Recent announcements detail incremental increases in the quarterly dividend amount and the associated annualized dividend rate. - What are FFO and AFFO, and why does Community Healthcare Trust report them?
Funds from operations (FFO) and adjusted funds from operations (AFFO) are non-GAAP measures commonly used by equity REITs. Community Healthcare Trust states that it uses the NAREIT definition of FFO and presents AFFO as an additional measure that adjusts FFO for items such as straight-line rent and stock-based compensation. The company believes these measures help investors, analysts and management compare operating performance across periods and with other real estate companies. - How does Community Healthcare Trust approach capital recycling?
The company has described a capital recycling program in which it disposes of selected properties and uses the proceeds, often through Section 1031 like-kind exchanges, to acquire new income-producing properties. Recent disclosures include the sale of an inpatient rehabilitation facility and the acquisition of a newly constructed, fully leased inpatient rehabilitation facility using a 1031 tax-deferred exchange. - What risks does Community Healthcare Trust highlight in its disclosures?
Community Healthcare Trust refers investors to the risk factors in its Annual Report on Form 10-K and other SEC filings. In its forward-looking statements, it notes that results may be affected by capital market volatility, changes in business strategy, availability and terms of capital, real estate and healthcare industry conditions, interest rates, governmental regulations, competition, acquisition execution, natural events, cyber incidents, macroeconomic conditions and geopolitical developments. - How does Community Healthcare Trust communicate with investors?
The company issues press releases and files Forms 8-K to announce earnings results, provide supplemental information, and furnish investor presentations. It also announces earnings release dates and conference call details, and it makes supplemental information and presentations available through its public communications referenced in SEC filings.