STOCK TITAN

Community Healthcare Trust (NYSE: CHCT) Q1 2026 earnings detail

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Community Healthcare Trust reported first-quarter 2026 results with revenue of about $31.5 million and net income of $2.5 million, or $0.07 per diluted share, up from $1.6 million a year earlier.

FFO and AFFO were $13.4 million ($0.49) and $15.4 million ($0.56) per diluted share, respectively. The company acquired a Florida inpatient rehabilitation facility for $28.5 million at an expected 9.3% return and ended the quarter with $1.2 billion invested in 198 properties, 89.8% leased. Net debt/total capitalization was 44.0%, and a quarterly dividend of $0.48 per share was declared.

Positive

  • None.

Negative

  • None.

Insights

Steady FFO/AFFO and portfolio growth support a high dividend profile.

Community Healthcare Trust generated Q1 2026 FFO of $13.4M and AFFO of $15.4M, or $0.49 and $0.56 per diluted share. These levels are close to recent quarters, suggesting relatively stable cash-generating capacity.

The company acquired a Florida inpatient rehabilitation facility for $28.5M with an expected return of about 9.3%, and has four additional properties under definitive agreements totaling roughly $99.0M. These projects, if closed as anticipated across 2026–2027, would modestly expand earnings and diversify cash flows.

Leverage remains moderate, with net debt/total capitalization of 44.0% as of March 31, 2026. The board declared a common dividend of $0.48 per share, supported by AFFO per share of $0.56. Future filings will clarify how new investments, tenant developments and any asset sales affect coverage and balance-sheet flexibility.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Revenue $31.5M Total revenues for the three months ended March 31, 2026
Net income $2.548M Net income for the three months ended March 31, 2026
FFO per share $0.49 FFO per diluted common share, Q1 2026
AFFO per share $0.56 AFFO per diluted common share, Q1 2026
Florida IRF acquisition $28.5M Purchase price for inpatient rehabilitation facility in Florida, expected return about 9.3%
Net debt $559.3M Debt, net, as of March 31, 2026
Net debt/total capitalization 44.0% Leverage ratio as of March 31, 2026
Quarterly dividend declared $0.48 per share Common dividend declared April 30, 2026, payable May 22, 2026
Funds from operations (FFO) financial
"Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the three months ended March 31, 2026 totaled $0.49 and $0.56 per diluted common share"
Funds from operations (FFO) is a performance measure commonly used for real estate companies that adjusts net income by adding back non‑cash items like building depreciation and removing one‑time gains or losses from property sales, to show recurring operating earnings. Investors use FFO to judge a property portfolio’s ability to generate cash for dividends and growth — think of it as measuring a car’s regular fuel efficiency rather than its accounting value or one‑off resale price.
Adjusted funds from operations (AFFO) financial
"The Company presents AFFO and AFFO per share… defined as FFO, excluding certain expenses… and including or excluding other non-cash items"
Adjusted funds from operations (AFFO) is a cash-based measure used mainly for real estate companies that starts with net income and removes accounting items plus recurring maintenance costs to show the cash a property business actually generates for owners. Think of it like a household budget: after counting your income, AFFO subtracts routine upkeep and tenant turnover bills so investors can see the money likely available for dividends or reinvestment. It matters because it gives a clearer picture of sustainable cash flow than raw accounting profit.
EBITDA re financial
"EBITDA re and Adjusted EBITDA re… The Company uses the National Association of Real Estate Investment Trusts, Inc. ("NAREIT") definition of EBITDA re"
EBITDA re (often written EBITDAre) is a company’s earnings before interest, taxes, depreciation and amortization that have been adjusted to remove one-off, unusual or non-recurring items so you see the business’s recurring operating profit. It matters to investors because it aims to show the company’s steady, repeatable cash-earning power—like judging a household’s regular paycheck after removing a one-time bonus or accident expense—helping compare performance over time and between firms.
Net Operating Income (NOI) financial
"NOI is a non-GAAP financial measure that is defined as net income or loss… before general and administrative expenses, depreciation and amortization expense"
Net operating income (NOI) is the money a property or business generates from its regular operations after paying direct operating costs (like maintenance, utilities, and staff) but before paying financing costs, taxes, or accounting write‑downs. Investors use NOI to judge how well an asset produces cash from its core activity—think of it as the profit from running a store before paying the mortgage and taxes—so it helps compare properties and value income-producing investments.
Inpatient Rehabilitation Facilities (IRF) financial
"Inpatient rehabilitation facilities are free standing rehabilitation hospitals… that provide intensive rehabilitation programs to patients"
Long-Term Acute Care Hospitals (LTACH) financial
"Long-term acute care hospitals provide inpatient services for patients with complex medical conditions who require more sensitive care"
Revenue $31.5M vs $30.1M in Q1 2025
Net income $2.548M vs $1.591M in Q1 2025
FFO per share (diluted) $0.49 vs $0.47 in Q1 2025
AFFO per share (diluted) $0.56 vs $0.55 in Q1 2025
NOI $25.2M vs $24.0M in Q1 2025
false000163156900016315692026-05-052026-05-05


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): May 5, 2026

COMMUNITY HEALTHCARE TRUST INCORPORATED
(Exact Name of Registrant as Specified in its Charter)
Maryland 001-37401 46-5212033
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)

3326 Aspen Grove Drive, Suite 150, Franklin, Tennessee 37067
(Address of principal executive offices) (Zip Code)

(615) 771-3052
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each ClassTrading SymbolName of each exchange on which registered
Common stock, $0.01 par value per shareCHCTNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.




Item 2.02    Results of Operations and Financial Condition

On May 5, 2026, Community Healthcare Trust Incorporated (the "Company") issued a press release announcing its earnings for the first quarter ended March 31, 2026. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.

This information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act.

Item 7.01     Regulation FD Disclosure

The Company is furnishing its Supplemental Information for the first quarter ended March 31, 2026, which is also contained on its website (www.chct.reit). See Exhibit 99.2 to this Current Report on Form 8-K.

The Company has prepared an investor presentation for the first quarter ended March 31, 2026 that is expected to be used in meetings with current and potential investors. A copy of this presentation is available on the Company's website (www.chct.reit).

This information furnished pursuant to this Item 7.01, including Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act.

Item 9.01 Financial Statements and Exhibits

The exhibits required by Item 601 of Regulation S-K which are filed with this report are listed in the Exhibit Index and are hereby incorporated in by reference.






EXHIBIT INDEX
Exhibit No.Description
99.1
Press release dated May 5, 2026
99.2
Supplemental Information - First Quarter 2026
104Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)






SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 COMMUNITY HEALTHCARE TRUST INCORPORATED
By:/s/ William G. Monroe IV
William G. Monroe IV
Executive Vice President and Chief Financial Officer
May 5, 2026  




Exhibit 99.1

News Release

Community Healthcare Trust Announces Results for the Three Months Ended March 31, 2026

FRANKLIN, Tenn., May 5, 2026 / PRNewswire / -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced results for the three months ended March 31, 2026. The Company reported net income for the three months ended March 31, 2026 of approximately $2.5 million, or $0.07 per diluted common share. Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the three months ended March 31, 2026 totaled $0.49 and $0.56 per diluted common share, respectively.

Items Impacting Our Results include:
During the first quarter of 2026, the Company acquired an inpatient rehabilitation facility in Florida upon completion of construction for a purchase price and cash consideration of approximately $28.5 million. The property was 100.0% leased to a tenant with a lease expiration in 2044 and an expected return of approximately 9.3%. The acquisition was funded with net proceeds from the Revolving Credit Facility and asset sales.

During the first quarter of 2026, the Company disposed of one property and received net proceeds of approximately $5.2 million. The Company also received net proceeds of approximately $0.7 million for a property disposed of during the fourth quarter of 2025.

During the first quarter of 2026, the geriatric behavioral hospital operator, a tenant in six of the Company's properties, paid $0.3 million in rent, an increase of $0.1 million from the fourth quarter of 2025. In July 2025, the tenant signed a Letter of Intent (LOI) for the sale of its business to a behavioral healthcare provider. The buyer is finalizing legal and business due diligence and has entered the drafting phase of the definitive purchase documents, including new leases on the six hospitals owned by the Company. While the transaction is progressing, the Company cannot provide assurance regarding the specific timing or the ultimate certainty of the closing.

The Company has four properties under definitive purchase agreements, to be acquired after completion and occupancy, for an aggregate expected purchase price of approximately $99.0 million. The Company's expected returns on these investments are approximately 9.1% to 9.75%. The Company anticipates closing on these 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 first quarter of 2026, the Company did not issue any shares under its ATM program.

On April 30, 2026, the Company’s Board of Directors declared a quarterly common stock dividend in the amount of $0.48 per share. The dividend is payable on May 22, 2026 to stockholders of record on May 11, 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 March 31, 2026, the Company had investments of approximately $1.2 billion in 198 real estate properties (including one property with sales-type leases). 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.


1



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.


2



COMMUNITY HEALTHCARE TRUST INCORPORATED
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars and shares in thousands, except per share amounts)
(Unaudited)
March 31, 2026December 31, 2025
ASSETS
Real estate properties:
Land and land improvements
$162,587 $154,673 
Buildings, improvements, and lease intangibles
1,074,680 1,047,743 
Personal property
813 813 
Total real estate properties
1,238,080 1,203,229 
Less accumulated depreciation
(290,958)(280,316)
Total real estate properties, net
947,122 922,913 
Cash and cash equivalents
2,617 3,340 
Assets held for sale— 5,265 
Other assets, net
60,354 59,239 
Total assets
$1,010,093 $990,757 
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net
$559,260 $532,199 
Accounts payable and accrued liabilities
16,431 14,925 
Other liabilities, net
13,059 14,246 
Total liabilities
588,750 561,370 
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; 28,572 and 28,471 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively
286 285 
Additional paid-in capital
719,819 717,450 
Cumulative net income
93,325 90,777 
Accumulated other comprehensive gain
7,395 6,691 
Cumulative dividends
(399,482)(385,816)
Total stockholders’ equity
421,343 429,387 
Total liabilities and stockholders' equity
$1,010,093 $990,757 

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.
 

3



COMMUNITY HEALTHCARE TRUST INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025
(Dollars and shares in thousands, except per share amounts)

Three Months Ended
March 31,
20262025
(Unaudited)
REVENUES
Rental income$31,269 $29,730 
Other operating interest255 348 
31,524 30,078 
EXPENSES
Property operating6,369 6,095 
General and administrative
5,108 5,100 
Depreciation and amortization10,657 10,943 
22,134 22,138 
OTHER (EXPENSE) INCOME
Loss on the sale of real estate assets(46)— 
Interest expense(6,799)(6,352)
Interest and other income, net
(6,842)(6,349)
NET INCOME$2,548 $1,591 
NET INCOME PER COMMON SHARE
Net income per common share - Basic$0.07 $0.03 
Net income per common share - Diluted$0.07 $0.03 
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC26,991 26,733 
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED26,991 26,733 

The Consolidated Statements of Income 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.


4



COMMUNITY HEALTHCARE TRUST INCORPORATED
RECONCILIATION OF FFO and AFFO (1)
(Unaudited; Dollars and shares in thousands, except per share amounts)
Three Months Ended March 31,
20262025
Net income$2,548 $1,591 
   Real estate depreciation and amortization10,805 11,077 
Loss on the sale of real estate assets46 — 
   Total adjustments10,851 11,077 
FFO (1)(2)
$13,399 $12,668 
   Straight-line rent(760)(639)
   Stock-based compensation2,711 2,710 
AFFO (1)(2)
$15,350 $14,739 
   FFO per Common Share-Diluted (1)(2)
$0.49 $0.47 
   AFFO per Common Share-Diluted (1)(2)
$0.56 $0.55 
Weighted Average Common Shares Outstanding-Diluted (2)
27,570 27,007 
(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
SOURCE: Community Healthcare Trust Incorporated
5


Exhibit 99.2                
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CHCT
LISTED
NYSE
                
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SUPPLEMENTAL INFORMATION
Q1 2026

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Community Healthcare Trust1Q 2026 | Supplemental Information

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ABOUT US
CHCT is a self-managed healthcare real estate investment trust (“REIT”) that owns a diverse portfolio of properties including medical office buildings, acute inpatient behavioral facilities, inpatient rehabilitation facilities, physician clinics, specialty centers, behavioral specialty facilities, and surgical centers and hospitals across the United States, primarily outside of urban centers. As a result of favorable demographic trends, increases in healthcare spending, and the shift in the delivery of healthcare services to community-based facilities, we believe our properties are essential for healthcare providers to serve their local markets. 




TABLE OF CONTENTS
Company Snapshot
3
Corporate Information
4
Financial Highlights
5
Consolidated Balance Sheets
7
Consolidated Statements of Operations
8
Reconciliation of Non-GAAP Measures
9
Weighted Average Shares
11
Debt Summary
12
Investment Activity
13
Portfolio Diversification
14
Lease Expirations
15
Property Locations
16
Reporting Definitions
24
Disclaimers
27



Community Healthcare Trust1Q 2026 | Supplemental Information

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COMPANY SNAPSHOT

March 31, 2026
Gross real estate investments (in thousands) (1)
$1,246,149 
Total properties198 
% Leased89.8%
Total square feet owned4,535,753 
Weighted Average remaining lease term (years)7.2 
Cash and cash equivalents (in thousands)$2,617 
Debt to Total Capitalization44.0%
Interest rate per annum on Revolving Line of Credit5.3%
Weighted average interest rate per annum on Term Loans (2)
4.7%
Equity market cap (in millions)$454.0 
Quarterly dividend paid in the period (per share)$0.4775 
Quarter end stock price (per share)$15.89 
Dividend yield12.0%
Common shares outstanding28,571,793 
___________
(1) Includes one property with sales-type leases.
(2) Term Loans are fully hedged; this rate represents the weighted average hedged rates.




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Community Healthcare Trust
Page | 3
1Q 2026 | Supplemental Information

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CORPORATE INFORMATION
Community Healthcare Trust Incorporated
3326 Aspen Grove Drive, Suite 150
Franklin, TN 37067
Phone: 615-771-3052
E-mail: Investorrelations@chct.reit
Website: www.chct.reit
BOARD OF DIRECTORS
Alan GardnerRobert HensleyClaire GulmiR. Lawrence Van HornCathrine CotmanDavid H. Dupuy
Chairman of the
Board
Audit Committee
Chair
Compensation Committee
Chair
ESG Committee
Chair
Board
member
Board
member
EXECUTIVE MANAGEMENT TEAM
David H. DupuyWilliam G. Monroe IVLeigh Ann Stach
Chief Executive Officer
and President
Executive Vice President
Chief Financial Officer
Executive Vice President
Chief Accounting Officer
COVERING ANALYSTS
A. Goldfarb - Piper SandlerM. Lewis - Truist Securities
J. Kammert - Evercore ISIB. Oxford - Colliers International Securities
PROFESSIONAL SERVICES
Independent Registered Public Accounting Firm Transfer Agent
BDO USA, P.C.Equiniti Trust Company, LLC
501 Commerce Street, Suite 1400Operations Center
Nashville, TN 37203
6201 15th Avenue
Brooklyn, NY 11219
1-800-937-5449


Community Healthcare Trust
Page | 4
1Q 2026 | Supplemental Information

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FINANCIAL HIGHLIGHTS
Three Months Ended
1Q 20264Q 20253Q 20252Q 20251Q 2025
(Unaudited and in thousands, except per share data)
STATEMENTS OF OPERATIONS ITEMS (1)(2)(3)(4)
Revenues$31,524 $30,946 $31,086 $29,085 $30,078 
Net income (loss)$2,548 $14,428 $1,640 $(12,557)$1,591 
NOI$25,155 $24,932 $25,156 $23,500 $23,983 
EBITDAre
$20,050 $20,173 $20,505 $4,274 $18,886 
Adjusted EBITDAre
$22,761 $22,772 $22,970 $20,068 $21,596 
FFO $13,399 $13,329 $13,547 $6,336 $12,668 
AFFO $15,350 $14,943 $15,099 $13,585 $14,739 
Per Diluted Share: (1)(2)(3)(4)
Net income (loss) attributable to common shareholders
$0.07 $0.51 $0.03 $(0.50)$0.03 
FFO $0.49 $0.49 $0.50 $0.23 $0.47 
AFFO $0.56 $0.55 $0.56 $0.50 $0.55 
___________
(1) Net income for the fourth quarter of 2025 included net gains on sale, net of losses, totaling approximately $12.3 million, resulting in an increase of $0.46 per diluted share.
(2) Net loss, FFO and AFFO for the second quarter of 2025 included interest receivable reserves totaling approximately $1.7 million, resulting in a reduction of $0.06 per diluted share, FFO, and AFFO.
(3) Net loss for the second quarter of 2025 included an $8.7 million credit loss reserve related to notes receivable with a geriatric behavioral hospital tenant that are incidental to the Company's main business.
(4) Net loss and FFO for the second quarter of 2025 included severance and transition-related charges totaling approximately $5.9 million, including approximately $4.6 million of non-cash accelerated amortization of stock-based compensation, which reduced FFO per diluted common share by approximately $0.22.
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Community Healthcare Trust
Page | 5
1Q 2026 | Supplemental Information

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FINANCIAL HIGHLIGHTS (Continued)
As of
1Q 20264Q 20253Q 20252Q 20251Q 2025
(Unaudited and dollars in thousands)
BALANCE SHEET ITEMS
ASSETS
Total real estate properties$1,238,080 $1,203,229 $1,190,151 $1,158,312 $1,148,772 
Total assets$1,010,093 $990,757 $987,261 $966,292 $985,114 
CAPITALIZATION
Net debt$559,260 $532,199 $530,138 $500,077 $496,016 
Total capitalization$1,271,561 $1,241,902 $1,229,442 $1,200,858 $1,210,874 
Net debt/total capitalization44.0 %42.9 %43.1 %41.6 %41.0 %
Market valuation$454,006 $467,501 $435,613 $471,766 $514,631 
Enterprise value$1,010,649 $996,360 $962,368 $966,980 $1,008,376 
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Community Healthcare Trust
Page | 6
1Q 2026 | Supplemental Information

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CONSOLIDATED BALANCE SHEETS
As of
1Q 20264Q 20253Q 20252Q 20251Q 2025
ASSETS
(Unaudited; Dollars and shares in thousands, except per share data)
Real estate properties
Land and land improvements
$162,587 $154,673 $154,272 $152,887 $149,506 
Buildings, improvements, and lease intangibles
1,074,680 1,047,743 1,035,070 1,004,616 998,933 
Personal property
813 813 809 809 333 
Total real estate properties
1,238,080 1,203,229 1,190,151 1,158,312 1,148,772 
Less accumulated depreciation
(290,958)(280,316)(272,481)(262,961)(253,537)
Total real estate properties, net
947,122 922,913 917,670 895,351 895,235 
Cash and cash equivalents
2,617 3,340 3,383 4,863 2,271 
Assets held for sale, net— 5,265 6,205 5,465 6,755 
Other assets, net
60,354 59,239 60,003 60,613 80,853 
Total assets
$1,010,093 $990,757 $987,261 $966,292 $985,114 
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net
$559,260 $532,199 $530,138 $500,077 $496,016 
Accounts payable and accrued liabilities
16,431 14,925 17,205 13,944 12,058 
Other liabilities, net
13,059 14,246 13,095 14,451 15,719 
Total liabilities
588,750 561,370 560,438 528,472 523,793 
Commitments and contingencies
Stockholders' Equity
Preferred stock, $0.01 par value; 50,000 shares authorized
— — — — — 
Common stock, $0.01 par value; 450,000 shares authorized
286 285 285 284 283 
Additional paid-in capital
719,819 717,450 714,890 712,498 706,776 
Cumulative net income
93,325 90,777 76,349 74,709 87,266 
Accumulated other comprehensive gain
7,395 6,691 7,568 9,121 12,402 
Cumulative dividends
(399,482)(385,816)(372,269)(358,792)(345,406)
Total stockholders’ equity
421,343 429,387 426,823 437,820 461,321 
Total liabilities and stockholders' equity
$1,010,093 $990,757 $987,261 $966,292 $985,114 
Community Healthcare Trust
Page | 7
1Q 2026 | Supplemental Information

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CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended
1Q 20264Q 20253Q 20252Q 20251Q 2025
(Unaudited; Dollars and shares in thousands, except per share data)
REVENUES
Rental income
$31,269 $30,679 $30,814 $30,128 $29,730 
Other operating interest
255 267 272 (1,043)348 
31,524 30,946 31,086 29,085 30,078 
EXPENSES
Property operating
6,369 6,014 5,930 5,585 6,095 
        General and administrative (1)(2)
5,108 4,778 4,658 10,559 5,100 
Depreciation and amortization
10,657 10,814 10,902 10,879 10,943 
22,134 21,606 21,490 27,023 22,138 
OTHER (EXPENSE) INCOME
(Loss) gain, net of impairment, on the sale of real estate assets(46)12,051 (888)640 — 
Interest expense(6,799)(6,959)(7,075)(6,592)(6,352)
Credit loss reserve— — — (8,672)— 
Deferred income tax expense— (23)— — — 
Interest and other income, net19 
(6,842)5,088 (7,956)(14,619)(6,349)
NET INCOME (LOSS)$2,548 $14,428 $1,640 $(12,557)$1,591 
NET INCOME (LOSS) PER DILUTED COMMON SHARE$0.07 $0.51 $0.03 $(0.50)$0.03 
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
26,991 26,953 26,934 26,803 26,733 
DIVIDENDS DECLARED, PER COMMON SHARE, IN THE PERIOD
$0.4775 $0.4750 $0.4725 $0.4700 $0.4675 
                                      
(1) GENERAL AND ADMINISTRATIVE EXPENSES:
Non-cash vs. Cash:
     Non-cash (stock-based compensation)
53.1 %54.4 %52.9 %54.3 %53.1 %
     Cash
46.9 %45.6 %47.1 %45.7 %46.9 %
As a % of Revenue:
     Non-cash (stock-based compensation)
8.6 %8.4 %8.0 %8.7 %9.0 %
     Cash
7.6 %7.0 %7.1 %7.3 %7.9 %
(2) General and administrative expenses for the three months ended June 30, 2025 includes the accelerated amortization of stock-based compensation totaling $4.6 million and severance and transition related expense totaling $1.3 million, recognized upon a termination. These amounts are not included in the calculations above in footnote (1).
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1Q 2026 | Supplemental Information

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RECONCILIATION OF NON-GAAP MEASURES
FUNDS FROM OPERATIONS (FFO)
ADJUSTED FUNDS FROM OPERATIONS (AFFO)
Three Months Ended
1Q 20264Q 20253Q 20252Q 20251Q 2025
(Unaudited; Dollars and shares in thousands, except per share data)
NET INCOME (LOSS)(1)(2)(3)(4)
$2,548 $14,428 $1,640 $(12,557)$1,591 
Real estate depreciation and amortization10,805 10,952 11,019 10,861 11,077 
Credit loss reserve— — — 8,672 — 
Loss (gain), net of impairment, on the sale of real estate assets46 (12,051)888 (640)— 
FFO(1)(3)
$13,399 $13,329 $13,547 $6,336 $12,668 
Straight-line rent(760)(985)(913)(1,184)(639)
Stock-based compensation2,711 2,599 2,465 2,531 2,710 
Accelerated amortization of stock-based compensation— — — 4,591 — 
Severance and transition related expenses— — — 1,311 — 
AFFO(2)(3)
$15,350 $14,943 $15,099 $13,585 $14,739 
FFO PER COMMON SHARE$0.49 $0.49 $0.50 $0.23 $0.47 
AFFO PER COMMON SHARE$0.56 $0.55 $0.56 $0.50 $0.55 
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING27,570 27,259 27,195 27,011 27,007 
________________
(1) Net income for the fourth quarter of 2025 included net gains on sale, net of losses, totaling approximately $12.3 million, resulting in an increase of $0.46 per diluted share.
(2) Net loss, FFO and AFFO for the second quarter of 2025 included interest receivable reserves totaling approximately $1.7 million, resulting in a reduction of $0.06 per diluted share for net loss, FFO, and AFFO.
(3) Net loss for the second quarter of 2025 included an $8.7 million credit loss reserve related to notes receivable with a geriatric behavioral hospital tenant that are incidental to the Company's main business.
(4) Net loss and FFO for the second quarter of 2025 included severance and transition-related charges totaling approximately $5.9 million, including approximately $4.6 million of non-cash accelerated amortization of stock-based compensation, which reduced FFO per diluted common share by approximately $0.22.
AFFO, ADJUSTED FOR ACQUISITIONS (1)
AFFO$15,350 $14,943 $15,099 $13,585 $14,739 
Revenue on Properties Acquired in the period (2)
422 510 62 122 — 
Property operating expense adjustment (2)
(63)(67)(8)— — 
Interest expense adjustment (3)
(83)(114)(14)— (41)
AFFO, ADJUSTED FOR ACQUISITIONS$15,626 $15,272 $15,139 $13,707 $14,698 
                                   
(1) AFFO is adjusted to reflect acquisitions as if they had occurred on the first day of the applicable period.
(2) Revenue and expense adjustments are calculated based on expected returns and leases in place at acquisition.
(3) The interest expense adjustment was calculated using the weighted average interest rate on the Company's revolving credit facility.
AMORTIZATION OF STOCK-BASED COMPENSATION
Amortization Required by GAAP (1)(2)
$2,711 $2,599 $2,465 $2,531 $2,710 
Amortization Based on Legal Vesting Periods (2)
2,155 2,173 2,122 2,035 2,208 
Acceleration of Amortization$556 $426 $343 $496 $502 
                                   
(1) GAAP requires that deferred compensation be amortized over the earlier of the vesting or retirement eligibility date.
(2) Amortization amounts for the second quarter of 2025 do not include the accelerated amortization of stock-based compensation totaling $4.6 million recognized upon a termination.
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1Q 2026 | Supplemental Information

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RECONCILIATION OF NON-GAAP MEASURES (CONTINUED)
NET OPERATING INCOME (NOI)
Three Months Ended
1Q 20264Q 20253Q 20252Q 20251Q 2025
(Unaudited; Dollars and shares in thousands, except per share data)
NET OPERATING INCOME
Net income (loss)(1)(2)
$2,548 $14,428 $1,640 $(12,557)$1,591 
General and administrative(3)
5,108 4,778 4,658 4,657 5,100 
Accelerated amortization of deferred compensation — — — 4,591 — 
Severance and transition-related compensation— — — 1,311 — 
Depreciation and amortization10,657 10,814 10,902 10,879 10,943 
Loss (gain), net of impairment, on the sales of real estate assets46 (12,051)888 (640)— 
Credit loss reserve— — — 8,672 — 
Interest expense6,799 6,959 7,075 6,592 6,352 
Deferred Income tax expense— 23 — — — 
Interest and other income, net(3)(19)(7)(5)(3)
NOI$25,155 $24,932 $25,156 $23,500 $23,983 
EBITDAre and ADJUSTED EBITDAre
EBITDAre
Net (loss) income (1)(2)
$2,548 $14,428 $1,640 $(12,557)$1,591 
Interest expense6,799 6,959 7,075 6,592 6,352 
Depreciation and amortization10,657 10,814 10,902 10,879 10,943 
Deferred Income tax expense— 23 — — — 
Loss (gain), net of impairment, on the sale of real estate assets46 (12,051)888 (640)— 
EBITDAre
$20,050 $20,173 $20,505 $4,274 $18,886 
Non-cash stock-based compensation expense2,711 2,599 2,465 2,531 2,710 
Accelerated amortization of stock-based compensation— — — 4,591 — 
Credit loss reserve— — — 8,672 — 
ADJUSTED EBITDAre
$22,761 $22,772 $22,970 $20,068 $21,596 
ADJUSTED EBITDAre ANNUALIZED (4)
$91,044 

(1) During the second quarter of 2025, the Company reversed interest totaling approximately $1.7 million related to a tenant.
(2) During the second quarter of 2025 the Company recorded severance and transition-related charges totaling approximately $5.9 million related to the termination of an employee, including approximately $4.6 of million non-cash accelerated amortization of stock-based compensation.
(3) Severance and transition-related compensation, which is included in general and administrative expenses on the income statement, is shown separately in the reconciliation above for the second quarter of 2025.
(4) Adjusted EBITDAre multiplied by 4. This annualized amount may differ significantly from the actual full year results.



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1Q 2026 | Supplemental Information

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WEIGHTED AVERAGE SHARES
Three Months Ended
1Q 20264Q 20253Q 20252Q 20251Q 2025
(Unaudited; Dollars and shares in thousands, except per share data)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (1)
Weighted average common shares outstanding28,556 28,471 28,430 28,364 28,324 
Unvested restricted shares
(1,565)(1,518)(1,496)(1,561)(1,591)
Weighted average common shares outstanding - EPS
26,991 26,953 26,934 26,803 26,733 
Weighted average common shares outstanding - FFO Basic
26,991 26,953 26,934 26,803 26,733 
Potential dilutive common shares (from below)579 306 261 208 274 
Weighted average common shares outstanding - FFO Diluted27,570 27,259 27,195 27,011 27,007 
TREASURY SHARE CALCULATION
Unrecognized deferred compensation-end of period$17,257 $17,665 $19,968 $19,919 $25,420 
Unrecognized deferred compensation-beginning of period$17,665 $19,968 $19,919 $25,420 $25,668 
Average unrecognized deferred compensation$17,461 $18,817 $19,944 $22,670 $25,544 
Average share price per share$16.87 $14.93 $15.66 $16.50 $19.08 
Treasury shares1,035 1,260 1,274 1,374 1,339 
Unvested restricted shares(1,565)(1,518)(1,496)(1,561)(1,591)
Unvested restricted share units(49)(48)(39)(21)(22)
Treasury shares1,035 1,260 1,274 1,374 1,339 
Potential dilutive common shares579 306 261 208 274 
(1) Restricted stock awards and time-based RSUs are included in the calculation of weighted average common shares outstanding if dilutive. Performance-based RSUs are included in the calculation of weighted average common shares outstanding to the extent that they in-the-money as of the end of the reporting period and are dilutive.
Community Healthcare Trust
Page | 11
1Q 2026 | Supplemental Information

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DEBT SUMMARY
As of March 31, 2026
Principal
Balance
Stated
Rate
Hedged
Rate
(in thousands)
Revolving credit facility (1)
$285,000 5.33%n/a
Term loan A-4125,000 3.60%
Term loan A-5150,000 5.61%
Debt560,000 
Deferred Financing Costs, net(740)
Debt, net$559,260 
(1) Interest rate swaps previously entered into to fix the interest rates on the A-3 Term Loan were left in place on the Revolving Credit Facility through their maturity on March 29, 2026.
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Select CovenantsRequired
As of March 31, 2026
Leverage ratio≤ 60.0%44.7 %
Fixed charge coverage ratio≥ 1.50x2.9
Tangible net worth (in thousands)≥ $504,476$692,210
Secured indebtedness≤ 30.0%— %
Minimum debt service coverage ratio≥ 2.03.2
Community Healthcare Trust
Page | 12
1Q 2026 | Supplemental Information

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2026 PROPERTY INVESTMENTS
PropertyMarketProperty
Type
Date
Acquired
% Leased at Acquisition
Purchase
 Price
(in thousands)
Square Feet
Nobis Rehabilitation HospitalPinellas Park, FLIRF2/19/2026100.0 %$28,500 37,151 
100.0 %$28,500 37,151 


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Community Healthcare Trust
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1Q 2026 | Supplemental Information

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PORTFOLIO DIVERSIFICATION
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Property Type Annualized Rent (%)
Medical Office Building (MOB)34.9 %
Inpatient Rehabilitation Facilities (IRF)23.2 %
Acute Inpatient Behavioral (AIB)12.4 %
Physician Clinics (PC)8.3 %
Specialty Centers (SC)8.2 %
Behavioral Specialty Facilities (BSF)7.0 %
Surgical Centers and Hospitals (SCH)4.0 %
Long-term Acute Care Hospitals (LTACH)2.0 %
Total100.0 %
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StateAnnualized
Rent (%)
Florida (FL)14.4 %
Texas (TX)14.1 %
Ohio (OH)9.5 %
Illinois (IL)9.4 %
Pennsylvania (PA)5.8 %
All Others46.8 %
Total100.0 %


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TenantAnnualized
Rent (%)
US Healthvest7.1 %
Lifepoint Health (Lifepoint)6.3 %
PAM Health (PAM)4.9 %
Assurance Health (Assurance)2.9 %
Summit Behavioral Healthcare (Summit)2.8 %
UPMC - University of Pittsburgh Medical Center2.6 %
Worcester Behavioral Innovations Hospital (Worcester)2.4 %
Nobis Rehabilitation Partners2.3 %
Exalt Health, LLC2.3 %
Oceans Behavioral (Oceans)2.3 %
All Others64.1 %
Total100.0 %
            
Community Healthcare Trust
Page | 14
1Q 2026 | Supplemental Information

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LEASE EXPIRATIONS
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Total Leased Sq. Ft.Annualized Rent
YearNumber of
Leases Expiring
Amount
(thousands)
Percent (%)
Amount ($)
(thousands)
Percent (%)
202657 329 8.1 %$7,313 6.4 %
202771 386 9.5 %8,738 7.6 %
202872 485 11.9 %10,240 8.9 %
202946 375 9.2 %9,675 8.4 %
203036 294 7.2 %6,879 6.0 %
203133 410 10.1 %11,315 9.8 %
203224 201 4.9 %3,917 3.4 %
203315 85 2.1 %1,704 1.5 %
203420 260 6.4 %9,496 8.3 %
203516 233 5.7 %8,942 7.8 %
Thereafter42 1,003 24.6 %36,564 31.7 %
Month-to-Month12 0.3 %200 0.2 %
Totals437 4,073 100.0 %$114,983 100.0 %
Total portfolio was approximately 89.8% leased in the aggregate at March 31, 2026 with lease expirations ranging from 2026 through 2046.

Community Healthcare Trust
Page | 15
1Q 2026 | Supplemental Information

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PROPERTY LOCATIONS
                                                                            
Approximately 53% of our property revenues are in MSAs with populations over 1,000,000 and approximately 93% are in statistical areas with populations over 100,000.
Property NameProperty TypeArea% of Square Feet Annualized
Rent ($000's)
% of Annualized
 Rent
PopulationMSA/MISARank
Lancaster MOBMOB10,098 0.22 %$313.8 0.27 %12,844,441 Los Angeles-Long Beach-Anaheim, CA2
Congress Medical Building 350MOB17,543 0.39 %$169.7 0.15 %9,434,123 Chicago-Naperville-Elgin, IL-IN3
Congress Medical Building 390MOB30,855 0.68 %$526.0 0.46 %9,434,123 Chicago-Naperville-Elgin, IL-IN3
Future Diagnostics GroupSC8,876 0.20 %$320.5 0.28 %9,434,123 Chicago-Naperville-Elgin, IL-IN3
Gurnee Medical Office BuildingMOB22,968 0.51 %$174.8 0.15 %9,434,123 Chicago-Naperville-Elgin, IL-IN3
New Lenox Medical ClinicPC7,905 0.17 %$347.8 0.30 %9,434,123 Chicago-Naperville-Elgin, IL-IN3
Morris Medical CenterMOB18,470 0.41 %$388.7 0.34 %9,434,123 Chicago-Naperville-Elgin, IL-IN3
Oak Lawn Medical PlazaMOB33,356 0.74 %$466.8 0.41 %9,434,123 Chicago-Naperville-Elgin, IL-IN3
Lincolnwood Medical BuildingPC14,863 0.33 %$323.4 0.28 %9,434,123 Chicago-Naperville-Elgin, IL-IN3
Joliet Medical BuildingSC44,888 0.99 %$462.0 0.40 %9,434,123 Chicago-Naperville-Elgin, IL-IN3
Endeavor HealthPC13,700 0.30 %$284.3 0.25 %9,434,123 Chicago-Naperville-Elgin, IL-IN3
Skin MDPC13,565 0.30 %$539.8 0.47 %9,434,123 Chicago-Naperville-Elgin, IL-IN3
Chicago Behavioral HospitalAIB85,000 1.87 %$2,270.7 1.97 %9,434,123 Chicago-Naperville-Elgin, IL-IN3
US HealthVest - LakeAIB83,658 1.84 %$3,054.1 2.66 %9,434,123 Chicago-Naperville-Elgin, IL-IN3
Texas Rehabilitation Hospital of Fort Worth, LLCIRF39,761 0.88 %$2,109.9 1.83 %8,477,157 Dallas-Fort Worth-Arlington, TX4
Bayside Medical CenterMOB50,593 1.12 %$1,119.8 0.97 %7,904,627 Houston-Pasadena-The Woodlands, TX5
Gessner Road MOBMOB14,347 0.32 %$368.2 0.32 %7,904,627 Houston-Pasadena-The Woodlands, TX5
Clear Lake Institute for RehabilitationIRF55,646 1.23 %$3,137.2 2.73 %7,904,627 Houston-Pasadena-The Woodlands, TX5
TRT Recovery Cartersville, LLCBSF38,339 0.85 %$1,048.8 0.91 %6,482,182 Atlanta-Sandy Springs-Roswell, GA6
Clinton Towers MOBMOB37,371 0.82 %$916.1 0.80 %6,465,724 Washington-Arlington-Alexandria, DC-VA-MD-WV7
2301 Research BoulevardMOB93,109 2.05 %$2,282.9 1.99 %6,465,724 Washington-Arlington-Alexandria, DC-VA-MD-WV7
Haddon Hill Professional CenterMOB25,118 0.55 %$303.7 0.26 %6,329,118 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD9
Hopebridge - WestlakeBSF15,057 0.33 %$239.2 0.21 %6,329,118 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD9
Continuum Wellness CenterMOB8,227 0.18 %$169.6 0.15 %5,228,938 Phoenix-Mesa-Chandler, AZ10
Virtuous Health CenterSCH11,722 0.26 %$441.3 0.38 %5,228,938 Phoenix-Mesa-Chandler, AZ10
Desert Mtn Health CenterBSF14,046 0.31 %$647.2 0.56 %5,228,938 Phoenix-Mesa-Chandler, AZ10
Associated Surgical Center of DearbornSCH12,400 0.27 %$377.8 0.33 %4,390,913 Detroit-Warren-Dearborn, MI14
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Page | 16
1Q 2026 | Supplemental Information

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Property NameProperty TypeArea% of Square Feet Annualized
Rent ($000's)
% of Annualized
 Rent
PopulationMSA/MISARank
Berry Surgical CenterSCH27,217 0.60 %$653.0 0.57 %4,390,913 Detroit-Warren-Dearborn, MI14
Smokey Point Behavioral HospitalAIB70,100 1.55 %$2,856.6 2.48 %4,161,883 Seattle-Tacoma-Bellevue, WA15
Sanford Health Bemidji 1611MOB45,800 1.01 %$1,616.3 1.41 %3,790,295 Minneapolis-St. Paul-Bloomington, MN-WI16
Sanford Health Bemidji 1705MOB28,900 0.64 %$649.5 0.56 %3,790,295 Minneapolis-St. Paul-Bloomington, MN-WI16
Bay Area Physicians CenterMOB17,943 0.40 %$421.5 0.37 %3,418,895 Tampa-St. Petersburg-Clearwater, FL17
Nobis Rehabilitation HospitalIRF37,151 0.82 %$2,654.5 2.31 %3,418,895 Tampa-St. Petersburg-Clearwater, FL17
Liberty DialysisSC8,450 0.19 %$262.9 0.23 %3,092,037 Denver-Aurora-Centennial, CO19
Bassin Center For Plastic-Surgery-VillagesPC2,894 0.06 %$178.5 0.16 %2,957,672 Orlando-Kissimmee-Sanford, FL20
Kissimmee Medical PlazaPC4,902 0.11 %$— — %2,957,672 Orlando-Kissimmee-Sanford, FL20
PAM Health Rehabilitation Hospital of OcoeeIRF37,151 0.82 %$2,500.0 2.17 %2,957,672 Orlando-Kissimmee-Sanford, FL20
Orthopaedic Associates of OsceolaPC15,167 0.33 %$378.7 0.33 %2,957,672 Orlando-Kissimmee-Sanford, FL20
Medical Village at WintergardenMOB21,532 0.47 %$642.8 0.56 %2,957,672 Orlando-Kissimmee-Sanford, FL20
Waters Edge MedicalMOB23,388 0.52 %$412.8 0.36 %2,857,781 Baltimore-Columbia-Towson, MD22
Northbay Professional PavilionMOB19,656 0.43 %$488.3 0.42 %2,857,781 Baltimore-Columbia-Towson, MD22
Righttime Medical CareSC6,236 0.14 %$359.5 0.31 %2,857,781 Baltimore-Columbia-Towson, MD22
Belleville Medical OfficePC6,487 0.14 %$— — %2,814,421 St. Louis, MO-IL23
Eyecare Partners - 1310PC5,560 0.12 %$55.5 0.05 %2,814,421 St. Louis, MO-IL23
Eyecare Partners - 3990SCH16,608 0.37 %$310.6 0.27 %2,814,421 St. Louis, MO-IL23
Eyecare Partners - 204PC6,311 0.14 %$52.0 0.05 %2,814,421 St. Louis, MO-IL23
Heartland Women's Healthcare of Advantia ShilohPC16,212 0.36 %$366.6 0.32 %2,814,421 St. Louis, MO-IL23
Heartland Women's Healthcare of Advantia WentzvillePC7,900 0.17 %$140.4 0.12 %2,814,421 St. Louis, MO-IL23
Baptist HealthPC13,500 0.30 %$387.5 0.34 %2,813,140 San Antonio-New Braunfels, TX24
San Antonio Head & Neck Surgical AssociatesPC6,500 0.14 %$195.5 0.17 %2,813,140 San Antonio-New Braunfels, TX24
Rehabilitation Institute of South San AntonioIRF38,000 0.84 %$2,170.6 1.89 %2,813,140 San Antonio-New Braunfels, TX24
JDH Professional BuildingMOB12,376 0.27 %$264.5 0.23 %2,813,140 San Antonio-New Braunfels, TX24
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Property NameProperty TypeArea% of Square Feet Annualized
Rent ($000's)
% of Annualized
 Rent
PopulationMSA/MISARank
The Heart & Vascular CenterPC15,878 0.35 %$323.4 0.28 %2,421,992 Pittsburgh, PA28
Butler Medical CenterMOB10,116 0.22 %$172.5 0.15 %2,421,992 Pittsburgh, PA28
Forefront Dermatology BuildingPC15,650 0.35 %$357.9 0.31 %2,421,992 Pittsburgh, PA28
Greentree Primary CareMOB33,715 0.74 %$1,052.3 0.92 %2,421,992 Pittsburgh, PA28
Vascular Access Centers of Southern NevadaSC4,800 0.11 %$127.5 0.11 %2,407,226 Las Vegas-Henderson-North Las Vegas, NV29
Assurance Health System - 11690BSF14,381 0.32 %$588.7 0.51 %2,312,858 Cincinnati, OH-KY-IN30
Cavalier Medical & Dialysis CenterMOB17,614 0.39 %$224.9 0.20 %2,312,858 Cincinnati, OH-KY-IN30
51 Cavalier BlvdMOB17,935 0.40 %$226.4 0.20 %2,312,858 Cincinnati, OH-KY-IN30
Anderson Ferry PlazaMOB43,791 0.97 %$654.1 0.57 %2,312,858 Cincinnati, OH-KY-IN30
Liberty Rehabilitation HospitalIRF37,720 0.83 %$2,518.8 2.19 %2,312,858 Cincinnati, OH-KY-IN30
Florence Medical BuildingMOB17,845 0.39 %$262.2 0.23 %2,312,858 Cincinnati, OH-KY-IN30
Prairie Star Medical Facility IMOB24,724 0.55 %$648.1 0.56 %2,270,682 Kansas City, MO-KS31
Prairie Star Medical Facility IIMOB24,840 0.55 %$291.5 0.25 %2,270,682 Kansas City, MO-KS31
Ravines EdgeMOB16,751 0.37 %$95.1 0.08 %2,242,028 Columbus, OH32
Hope Valley Recovery - CirclevilleBSF7,787 0.17 %$88.5 0.08 %2,242,028 Columbus, OH32
Hopebridge - ColumbusBSF13,969 0.31 %$177.4 0.15 %2,242,028 Columbus, OH32
Sedalia Medical CenterMOB19,426 0.43 %$347.9 0.30 %2,242,028 Columbus, OH32
Assurance Health, LLCBSF10,200 0.22 %$395.3 0.34 %2,205,695 Indianapolis-Carmel-Greenwood, IN33
Assurance Health System - 900BSF13,722 0.30 %$538.0 0.47 %2,205,695 Indianapolis-Carmel-Greenwood, IN33
Kindred Hospital Indianapolis NorthLTACH37,270 0.82 %$1,652.4 1.44 %2,205,695 Indianapolis-Carmel-Greenwood, IN33
Brook Park Medical BuildingMOB18,444 0.41 %$39.1 0.03 %2,165,775 Cleveland, OH35
Smith RoadMOB16,802 0.37 %$334.7 0.29 %2,165,775 Cleveland, OH35
Assurance - HudsonBSF13,290 0.29 %$601.7 0.52 %2,165,775 Cleveland, OH35
Rockside Medical CenterMOB55,316 1.22 %$624.3 0.54 %2,165,775 Cleveland, OH35
Virginia Orthopaedic & Spine SpecialistsPC8,445 0.19 %$159.3 0.14 %1,797,213 Virginia Beach-Chesapeake-Norfolk, VA-NC37
LTAC Hospital of SE MassachusettsLTACH70,657 1.56 %$659.4 0.57 %1,708,161 Providence-Warwick, RI-MA39
Warwick Oncology CenterSC10,236 0.23 %$325.3 0.28 %1,708,161 Providence-Warwick, RI-MA39
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Property NameProperty TypeArea% of Square Feet Annualized
Rent ($000's)
% of Annualized
 Rent
PopulationMSA/MISARank
South County HospitalPC13,268 0.29 %$330.4 0.29 %1,708,161 Providence-Warwick, RI-MA39
Mercy Rehabilitation HospitalIRF39,637 0.87 %$2,109.9 1.83 %1,512,813 Oklahoma City, OK42
Memphis CenterMOB11,669 0.26 %$241.7 0.21 %1,341,412 Memphis, TN-MS-AR45
Sanderling Dialysis Center - 7710SC10,133 0.22 %$584.8 0.51 %1,341,412 Memphis, TN-MS-AR45
Gardendale MOBMOB12,956 0.29 %$333.0 0.29 %1,197,766 Birmingham, AL48
Sanford West Behavioral FacilityBSF96,886 2.14 %$1,421.3 1.24 %1,183,645 Grand Rapids-Wyoming-Kentwood, MI49
GlastonburyMOB48,375 1.07 %$955.3 0.83 %1,171,426 Hartford-West Hartford-East Hartford, CT50
Sterling Medical CenterMOB28,478 0.63 %$525.4 0.46 %1,155,653 Buffalo-Cheektowaga, NY51
Los Alamos Professional PlazaMOB43,395 0.96 %$427.4 0.37 %921,549 McAllen-Edinburg-Mission, TX64
UMass Memorial Health Cancer CenterSC20,046 0.44 %$855.3 0.74 %888,502 Worcester, MA68
Worcester BehavioralAIB81,972 1.81 %$2,772.2 2.41 %888,502 Worcester, MA68
El Paso Rehabilitation HospitalIRF38,000 0.84 %$2,203.1 1.92 %881,291 El Paso, TX70
Columbia Gastroenterology Surgery CenterPC17,016 0.38 %$349.8 0.30 %879,918 Columbia, SC71
Genesis Care - Bonita SpringsSC4,445 0.10 %$304.6 0.26 %875,607 Cape Coral-Fort Myers, FL72
Cape Coral Suite 3SC12,130 0.27 %$477.8 0.42 %875,607 Cape Coral-Fort Myers, FL72
Cape Coral Suite 3AMOB2,023 0.04 %$41.4 0.04 %875,607 Cape Coral-Fort Myers, FL72
Cape Coral Suite 5 & 6MOB6,379 0.14 %$104.3 0.09 %875,607 Cape Coral-Fort Myers, FL72
Corporate Office 3660MOB22,104 0.49 %$658.3 0.57 %875,607 Cape Coral-Fort Myers, FL72
Corporate Annex BuildingMOB16,000 0.35 %$329.0 0.29 %875,607 Cape Coral-Fort Myers, FL72
Wildwood Hammock RPET FacilitySC10,832 0.24 %$455.2 0.40 %875,607 Cape Coral-Fort Myers, FL72
Wildwood Hammock - Diagnostic ImagingSC9,376 0.21 %$430.4 0.37 %875,607 Cape Coral-Fort Myers, FL72
Wildwood Hammock - NorthlandMOB1,201 0.03 %$14.4 0.01 %875,607 Cape Coral-Fort Myers, FL72
Eye Health of America 4101MOB43,322 0.96 %$1,026.2 0.89 %875,607 Cape Coral-Fort Myers, FL72
Eye Health of America 2665MOB3,200 0.07 %$56.5 0.05 %875,607 Cape Coral-Fort Myers, FL72
Eye Health of America 1320MOB6,757 0.15 %$82.0 0.07 %875,607 Cape Coral-Fort Myers, FL72
Everest Physical Rehabilitation HospitalIRF37,151 0.82 %$2,654.5 2.31 %874,790 Lakeland-Winter Haven, FL73
Community Healthcare Trust
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Property NameProperty TypeArea% of Square Feet Annualized
Rent ($000's)
% of Annualized
 Rent
PopulationMSA/MISARank
Parkway Professional PlazaMOB41,909 0.92 %$1,014.4 0.88 %874,790 Lakeland-Winter Haven, FL73
Davita Turner RoadSC18,125 0.40 %$372.7 0.32 %826,554 Dayton-Kettering-Beavercreek, OH76
Davita Springboro PikeSC10,510 0.23 %$192.4 0.17 %826,554 Dayton-Kettering-Beavercreek, OH76
Davita Business Center CourtSC12,988 0.29 %$242.4 0.21 %826,554 Dayton-Kettering-Beavercreek, OH76
Mercy One Physicians ClinicPC17,318 0.38 %$406.2 0.35 %758,539 Des Moines-West Des Moines, IA82
Daytona Medical OfficeMOB20,193 0.45 %$382.3 0.33 %746,933 Deltona-Daytona Beach-Ormond Beach, FL83
Debary Professional PlazaMOB21,361 0.47 %$325.4 0.28 %746,933 Deltona-Daytona Beach-Ormond Beach, FL83
UW Health Clinic- PortagePC14,000 0.31 %$342.3 0.30 %709,685 Madison, WI86
Novus ClinicSCH14,315 0.32 %$309.8 0.27 %701,780 Akron, Oh87
Aurora Health CenterPC15,650 0.35 %$344.3 0.30 %701,780 Akron, Oh87
Bassin Center For Plastic Surgery-MelbournePC5,228 0.12 %$322.5 0.28 %663,982 Palm Bay-Melbourne-Titusville, FL89
Cypress Medical CenterMOB37,428 0.83 %$465.7 0.40 %663,809 Wichita, KS90
Family Medicine EastPC16,581 0.37 %$— — %663,809 Wichita, KS90
Wichita Medical ClinicPC18,681 0.41 %$— — %663,809 Wichita, KS90
Mercy Rehabilitation Hospital - Northwest ArkansasIRF38,817 0.86 %$2,296.1 2.00 %622,177 Fayetteville-Springdale-Rogers, AR94
Pennsylvania GastroenterologyPC20,400 0.45 %$605.0 0.53 %617,427 Harrisburg-Carlisle, PA95
Penn State Health - Camp HillSC8,400 0.19 %$— — %617,427 Harrisburg-Carlisle, PA95
Penn State Health - HarrisburgSC10,000 0.22 %$200.9 0.17 %617,427 Harrisburg-Carlisle, PA95
Perrysburg Medical Arts BuildingMOB26,585 0.59 %$507.4 0.44 %599,376 Toledo, OH98
Sunforest Ct Medical CenterMOB23,368 0.52 %$339.3 0.30 %599,376 Toledo, OH98
Assurance - ToledoBSF13,290 0.29 %$565.4 0.49 %599,376 Toledo, OH98
Granite CircleMOB17,164 0.38 %$244.2 0.21 %599,376 Toledo, OH98
Cardiology Associates of Greater WaterburyPC16,793 0.37 %$348.5 0.30 %578,741 New Haven, CT100
Riverview Medical CenterMOB26,427 0.58 %$798.4 0.69 %574,418 Scranton--Wilkes-Barre, PA103
NEI - 200MOB22,743 0.50 %$409.4 0.36 %574,418 Scranton--Wilkes-Barre, PA103
NEI - 204MOB15,768 0.35 %$236.4 0.21 %574,418 Scranton--Wilkes-Barre, PA103
Treasure Coast Medical PavilionMOB55,844 1.23 %$927.6 0.81 %568,721 Port St. Lucie, FL104
Grandview PlazaMOB20,042 0.44 %$319.8 0.28 %563,159 Lancaster, PA105
Pinnacle HealthPC10,753 0.24 %$250.0 0.22 %563,159 Lancaster, PA105
Community Healthcare Trust
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Property NameProperty TypeArea% of Square Feet Annualized
Rent ($000's)
% of Annualized
 Rent
PopulationMSA/MISARank
Manteca Medical Group BuildingMOB10,519 0.23 %$328.9 0.29 %557,719 Modesto, CA106
Gulf Coast Cancer Centers-BrewtonSC3,971 0.09 %$— — %556,444 Huntsville, AL107
Martin Foot & Ankle ClinicPC27,100 0.60 %$440.4 0.38 %473,197 York-Hanover, PA116
Lafayette BehavioralBSF31,650 0.70 %$1,684.9 1.47 %423,758 Lafayette, LA132
UPMC Specialty CareMOB25,982 0.57 %$453.4 0.39 %423,678 Youngstown-Warren, OH133
Biltmore Medical OfficeSC11,099 0.24 %$222.4 0.19 %422,345 Asheville, NC134
Genesis Care - WeavervilleSC10,696 0.24 %$480.0 0.42 %422,345 Asheville, NC134
Belden Medical Arts BuildingMOB47,366 1.04 %$506.7 0.44 %400,246 Canton-Massillon, OH140
Hills & Dales Professional CenterMOB27,920 0.62 %$351.6 0.31 %400,246 Canton-Massillon, OH140
Prattville Town Center Medical Office BldgMOB13,319 0.29 %$275.5 0.24 %388,747 Montgomery, AL145
Bluewater Orthopedics CenterMOB10,255 0.23 %$223.8 0.19 %315,098 Crestview-Fort Walton Beach-Destin, FL168
Wellmont Bristol Urgent CareSC4,548 0.10 %$78.5 0.07 %314,834 Kingsport-Bristol, TN-VA169
Steeles Road Medical BuildingPC10,804 0.24 %$164.8 0.14 %314,834 Kingsport-Bristol, TN-VA169
Londonderry CentreMOB21,203 0.47 %$382.5 0.33 %308,807 Waco, TX171
Westlake Medical OfficeMOB14,100 0.31 %$243.1 0.21 %308,807 Waco, TX171
Longview Rehabilitation HospitalIRF38,817 0.86 %$2,349.2 2.04 %297,315 Longview, TX173
Gulf Coast Cancer Centers-FoleySC6,146 0.14 %$178.2 0.16 %267,761 Daphne-Fairhope-Foley, AL189
Gulf Shores BuildingSC6,398 0.14 %$51.3 0.04 %267,761 Daphne-Fairhope-Foley, AL189
Monroe Surgical HospitalSCH58,121 1.28 %$2,535.5 2.21 %222,390 Monroe, LA217
Ft. Valley Dialysis CenterSC4,920 0.11 %$87.0 0.08 %208,091 Warner Robins, GA228
Meridian Behavioral Health SystemsAIB132,430 2.92 %$3,263.5 2.84 %200,170 Charleston, WV233
Tuscola Professional BuildingMOB25,500 0.56 %$622.4 0.54 %187,688 Saginaw, MI241
KedplasmaSC12,870 0.28 %$272.1 0.24 %186,177 Burlington, NC243
Redding Oncology CenterSC12,206 0.27 %$585.9 0.51 %181,648 Redding, CA249
Decatur Morgan Hospital Medical Office BuildingMOB35,933 0.79 %$582.4 0.51 %160,326 Decatur, AL272
Bourbonnais Medical CenterMOB54,894 1.21 %$617.1 0.54 %105,525 Kankakee, IL351
Community Healthcare Trust
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Property NameProperty TypeArea% of Square Feet Annualized
Rent ($000's)
% of Annualized
 Rent
PopulationMSA/MISARank
Parkside Family & Davita ClinicsMOB15,637 0.34 %$222.2 0.19 %99,864 Victoria, TX363
Cub Lake SquareMOB48,756 1.07 %$1,043.8 0.91 %109,946 Show Low, AZn/a
Emory Healthcare - 303MOB61,301 1.35 %$952.6 0.83 %107,097 LaGrange, GA-ALn/a
Emory Southern Orthopedics - 1805MOB31,473 0.69 %$733.5 0.64 %107,097 LaGrange, GA-ALn/a
Emory Southern Orthopedics - 1801MOB2,972 0.07 %$62.7 0.05 %107,097 LaGrange, GA-ALn/a
Emory Healthcare - 1610MOB5,600 0.12 %$87.0 0.08 %107,097 LaGrange, GA-ALn/a
Nesbitt PlaceMOB56,003 1.23 %$1,074.8 0.93 %83,911 Lawrence County, PAn/a
Davita Etowah Dialysis CenterSC4,720 0.10 %$71.6 0.06 %71,590 Athens, TNn/a
Marion Medical PlazaMOB27,246 0.60 %$390.3 0.34 %65,115 Marion, OHn/a
Pahrump Medical PlazaMOB12,545 0.28 %$479.5 0.42 %57,336 Pahrump, NVn/a
Corsicana Medical PlazaMOB17,746 0.39 %$373.2 0.32 %57,181 Corsicana, TXn/a
Arkansas Valley Surgery CenterMOB10,717 0.24 %$235.3 0.20 %50,039 Cañon City, COn/a
Baylor Scott & White ClinicPC37,354 0.82 %$505.8 0.44 %38,288 Brenham, TXn/a
Fremont Medical Office Building & Surgery CtrMOB13,050 0.29 %$345.8 0.30 %38,057 Fremont, NEn/a
Eyecare Partners - 408PC8,421 0.19 %$134.3 0.12 %36,382 Centralia, ILn/a
Ottumwa Medical Clinic - 1005MOB68,895 1.52 %$747.2 0.65 %35,210 Ottumwa, IAn/a
Ottumwa Medical Clinic - 1007MOB6,850 0.15 %$96.2 0.08 %35,210 Ottumwa, IAn/a
Fresenius Gallipolis Dialysis CenterSC15,110 0.33 %$160.2 0.14 %29,072 Gallipolis, OHn/a
Princeton Cancer CenterSC7,236 0.16 %$204.4 0.18 % County: 57,454 Rural - No CBSAn/a
Sanderling Dialysis Center - 102SC5,217 0.12 %$295.6 0.26 % County: 57,454 Rural - No CBSAn/a
Andalusia Medical PlazaSC10,373 0.23 %$297.7 0.26 % County: 37,750 Rural - No CBSAn/a
Sanderling Dialysis Center - 780SC4,186 0.09 %$320.4 0.28 % County: 37,750 Rural - No CBSAn/a
North Mississippi Health Services - 1107MOB17,629 0.39 %$99.8 0.09 % County: 33,928 Rural - No CBSAn/a
North Mississippi Health Services - 1111MOB27,743 0.61 %$157.1 0.14 % County: 33,928 Rural - No CBSAn/a
North Mississippi Health Services - 1127MOB18,074 0.40 %$102.3 0.09 % County: 33,928 Rural - No CBSAn/a
North Mississippi Health Services - 404MOB9,890 0.22 %$56.0 0.05 % County: 33,928 Rural - No CBSAn/a
Community Healthcare Trust
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Property NameProperty TypeArea% of Square Feet Annualized
Rent ($000's)
% of Annualized
 Rent
PopulationMSA/MISARank
North Mississippi Health Services - 305MOB3,378 0.07 %$19.1 0.02 % County: 33,928 Rural - No CBSAn/a
Sanderling Dialysis Center - 2102SC11,300 0.25 %$450.1 0.39 % County: 33,928 Rural - No CBSAn/a
Batesville Regional Medical CenterMOB9,263 0.20 %$52.5 0.05 % County: 32,965 Rural - No CBSAn/a
Tri Lakes BehavioralBSF58,400 1.29 %$— — % County: 32,965 Rural - No CBSAn/a
Dahlonega Medical MallMOB22,805 0.50 %$399.3 0.35 % County: 33,362 Rural - No CBSAn/a
Russellville Medical PlazaMOB29,129 0.64 %$173.1 0.15 % County: 31,870 Rural - No CBSAn/a
Norton Medical PlazaMOB32,757 0.72 %$276.5 0.24 % County: 25,635 Rural - No CBSAn/a
Wellmont Lebanon Urgent CareSC8,369 0.18 %$108.8 0.09 % County: 22,951 Rural - No CBSAn/a
Lexington Carilion ClinicPC15,820 0.35 %$392.0 0.34 % County: 22,573 Rural - No CBSAn/a
Norton Medical ClinicSC4,843 0.11 %$60.3 0.05 % County: 13,464 Rural - No CBSAn/a
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REPORTING DEFINITIONS
Acute Inpatient Behavioral Facilities (AIB)
Behavioral inpatient acute care facilities are healthcare facilities that provide a range of clinical services for mental health and/or substance abuse diagnoses on an inpatient basis. Behavioral health services provided may include assessment, treatment, individual medical evaluation and management (including medication management), individual and group therapy, behavioral health counseling, family therapy and psychological testing for recipients of all ages.

AFFO, Adjusted for Acquisitions
AFFO, Adjusted for Acquisitions, adjusts AFFO to show the impact of the real estate properties acquired in the period as if they had been acquired on the first day of the reporting period, using the expected returns and in-place leases at the time of the acquisition. The Company believes that AFFO, Adjusted for Acquisitions, is useful because it allows investors, analysts and Company management visibility into the impact on the Company's results of operations in future reporting periods resulting from its current period acquisitions.

Annualized Rent
Annualized and stabilized base rent for leases in place at the end of the period multiplied by 12.

Behavioral Specialty Facilities (BSF)
Behavioral specialty facilities are healthcare facilities that provide a range of clinical services for mental health and/or substance abuse diagnoses. Behavioral health services provided may include assessment, treatment, individual medical evaluation and management (including medication management), individual and group therapy, behavioral health counseling, family therapy and psychological testing for recipients of all ages.

EBITDAre and Adjusted EBITDAre
The Company uses the National Association of Real Estate Investment Trusts, Inc. ("NAREIT") definition of EBITDAre which is net income plus interest expense, income tax expense, and depreciation and amortization, plus losses or minus gains on the disposition of depreciable property, including losses/gains on change of control, plus impairment write-downs of depreciable property and of investments in unconsolidated affiliates caused by a decrease in value of depreciable property in the affiliate, plus or minus adjustments to reflect the entity's share of EBITDAre of unconsolidated affiliates and consolidated affiliates with non-controlling interest. The Company also presents Adjusted EBITDAre which is EBITDAre before non-cash stock-based compensation amortization.

We consider EBITDAre and Adjusted EBITDAre important measures because they provide additional information to allow management, investors, and our current and potential creditors to evaluate and compare our core operating results and our ability to service debt.

Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO)
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.
Community Healthcare Trust
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REPORTING DEFINITIONS (continued)
The Company uses the 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. The Company has included AFFO which it has defined 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.

Inpatient Rehabilitation Facilities (IRF)
Inpatient rehabilitation facilities are free standing rehabilitation hospitals, or may be units within an acute care hospital, that provide intensive rehabilitation programs to patients.

Long-Term Acute Care Hospitals (LTACH)
Long-term acute care hospitals provide inpatient services for patients with complex medical conditions who require more sensitive care, monitoring or emergency support than that available in most skilled nursing facilities.

Medical Office Building (MOB)
Medical office buildings are buildings occupied by healthcare providers and may be located near hospitals or other facilities where healthcare services are rendered or in close proximity to a population base. Medical office buildings can be leased to physicians, physician practice groups, hospitals, healthcare systems or other healthcare providers.

Metropolitan Statistical Area (MSA or MISA)
MSAs or MISAs are geographical regions with relatively higher population densities at their core and have close economic ties throughout their area. MSAs and MISAs are defined by the Office of Management and Budget.

Net Operating Income (NOI)
NOI is a non-GAAP financial measure that is defined as net income or loss, computed in accordance with GAAP, generated from our total portfolio of properties and other investments before general and administrative expenses, depreciation and amortization expense, gains or loss on the sale of real estate properties or other investments, interest expense, and income tax expense. We believe that NOI provides an accurate measure of operating performance of our operating assets because NOI excludes certain items that are not associated with management of the properties. CHCT's use of the term NOI may not be comparable to that of other real estate companies as they may have different methodologies for computing NOI.


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REPORTING DEFINITIONS (continued)
Physician Clinics (PC)
Physician clinics are freestanding healthcare facilities that are primarily devoted to the care of ambulatory patients, can be privately operated or publicly managed and funded, and typically provide primary healthcare needs of populations in local communities utilizing physicians and other healthcare providers.

Specialty Centers (SC)
Specialty centers include various types of centers which may, among others, include oncology centers, dialysis centers, urgent care centers, and blood plasma centers.

Surgical Centers and Hospitals (SCH)
Surgical centers and hospitals may include outpatient surgery centers where surgical procedures not requiring an overnight hospital stay are performed; as well as specialty hospitals that focus on providing care for certain conditions and performing certain procedures, such as cardiovascular and orthopedic surgery.

Total Capitalization
Debt plus stockholders' equity plus accumulated depreciation.
Community Healthcare Trust
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1Q 2026 | Supplemental Information

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DISCLAIMERS

FORWARD-LOOKING STATEMENTS
Certain statements made in this supplemental information package constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)). In particular, statements pertaining to our capital resources, portfolio performance and results of operations contain forward-looking statements. Likewise, our statements regarding anticipated market conditions are forward-looking statements. You can identify forward-looking statements by the use of forward-looking terminology such as "believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” "outlook," "continue," "projects," “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans, expectations, or intentions. 
 
Forward-looking statements reflect the views of our management regarding current expectations and projections about future events and are based on currently available information. These forward-looking statements are not guarantees of future performance and involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data, or methods which may be incorrect or imprecise and we may not be able to realize them. 
 
While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. We disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes after the date of this supplemental information package, except as required by applicable law. You should not place undue reliance on any forward-looking statements that are based on information currently available to us or the third parties making the forward-looking statements. For a discussion of factors that could impact our future results, performance or transactions, see Part I, Item 1A (Risk Factors) of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and the Company’s other filings with the Securities and Exchange Commission from time to time.  
 

NON-GAAP FINANCIAL MEASURES 
This presentation includes EBITDAre, Adjusted EBITDAre, Adjusted EBITDAre Annualized, Net Operating Income (or NOI), Funds From Operations (or FFO), Adjusted Funds From Operations (or AFFO), and AFFO, Adjusted for Acquisitions, which are non-GAAP financial measures. For purposes of the Securities and Exchange Commission’s (“SEC”) Regulation G, a non-GAAP financial measure is a numerical measure of a company’s historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable financial measure calculated and presented in accordance with GAAP in the statements of operations, balance sheets or statements of cash flows (or equivalent statements) of the company, or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable financial measure so calculated and presented. As used in this presentation, GAAP refers to generally accepted accounting principles in the United States of America. Our use of the non-GAAP financial measure terms herein may not be comparable to that of other real estate investment trusts. Pursuant to the requirements of Regulation G, we have provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures. 

Community Healthcare Trust
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1Q 2026 | Supplemental Information

FAQ

How did Community Healthcare Trust (CHCT) perform in Q1 2026?

Community Healthcare Trust reported Q1 2026 net income of $2.5 million, or $0.07 per diluted share, on total revenue of $31.5 million. It also generated FFO of $0.49 and AFFO of $0.56 per diluted share, indicating stable cash flow metrics.

What are CHCT’s key non-GAAP metrics like FFO and AFFO for Q1 2026?

For Q1 2026, Community Healthcare Trust reported FFO of $13.4 million and AFFO of $15.4 million. On a per diluted share basis, FFO was $0.49 and AFFO was $0.56, helping investors gauge recurring cash generation beyond GAAP net income.

What notable property transactions did CHCT complete in Q1 2026?

During Q1 2026, CHCT acquired a Florida inpatient rehabilitation facility for approximately $28.5 million, fully leased through 2044 with an expected return near 9.3%. The company also disposed of one property for $5.2 million and received $0.7 million from a prior-quarter sale.

What is Community Healthcare Trust’s dividend and yield profile?

In Q1 2026, CHCT paid a quarterly dividend of $0.4775 per share and its board later declared a $0.48 dividend payable on May 22, 2026. Based on a quarter-end share price of $15.89, the supplemental information cites a 12.0% dividend yield.

How large is CHCT’s portfolio and how well is it leased?

As of March 31, 2026, CHCT held investments of about $1.2 billion in 198 healthcare properties totaling roughly 4.5 million square feet. The portfolio was 89.8% leased, with a weighted average remaining lease term of 7.2 years, providing multi-year income visibility.

What is CHCT’s leverage and covenant position as of Q1 2026?

At quarter end, CHCT reported debt, net, of about $559.3 million and a net debt/total capitalization ratio of 44.0%. Select covenant metrics included a leverage ratio of 44.7% against a 60% limit and fixed-charge coverage of 2.9x, comfortably above minimums.

Filing Exhibits & Attachments

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