CHCT
Community Healthcare Trust Incorporated15.48
-0.01-0.06%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Slower tenant progress, stable occupancy outlook
Q&A revealed slower-than-hoped Q4 progress on the geriatric behavioral tenant's sale due to buyer diligence hurdles, but Q1 activity is accelerating toward a single closing for all six properties. Leased occupancy should linger in the low 90s for coming quarters before H2 2026 uptick from fresh leases. Deals at 9-10% cap rates abound, but management stays choosy sans ATM equity, leaning on client business and timed dispositions to cap leverage. Dialysis pipeline's on ice. Investors watch geriatric resolution and leasing ramp.
Key Stats
Market Cap
440.74MP/E (TTM)
-Basic EPS (TTM)
-0.39Dividend Yield
0.12%Recent Filings
8-K
Q4 earnings with sale gains
Community Healthcare Trust posted Q4 net income of $14.4M ($0.51/share), boosted by $12.3M gain on property sales, including a Texas rehab facility swapped via 1031 for a $28.5M Florida IRF at 9.3% return. FFO and AFFO hit $0.49 and $0.55 per share. Portfolio stands 90.6% leased. Five properties await $122.5M close.
10-K
FY2025 results
Community Healthcare Trust grew its portfolio to $1.2B across 198 properties in FY2025 ended December 31, 2025, acquiring three assets for $64.5M while selling five for $32.9M net proceeds, yielding $11.6M gains; yet rental income rose just 5.9% y/y to $121.4M amid $8.7M credit reserves on geriatric behavioral notes. NOI climbed to $97.6M, but net income fell to $5.1M after $4.6M accelerated stock comp and $3.3M higher interest. Debt hit $533M at 42.9% leverage with $142M revolver room; Q4 momentum showed stable 90.6% occupancy. Tenant bankruptcies threaten rent streams.
8-K
Boosts equity comp pool
Community Healthcare Trust boosted its Alignment of Interest Program pool by 500,000 common shares to 1,500,000 total, effective January 5, 2026. The Board approved this to let employees, officers, and directors swap cash compensation for equity. Pool grows fast. Ties pay to stock performance, yet dilutes shares.
10-Q
Q3 FY2025 results
Community Healthcare Trust posted Q3 rental income up 5.0% y/y to $30.8M, driving total revenues to $31.1M (+5.0% y/y), yet net income slipped to $1.6M ($0.03/share) from $1.7M ($0.04/share) on higher interest expense. YTD revenues rose 4.3% y/y to $90.2M while net loss widened to $9.3M (-86% y/y, or -$0.43/share), hit by $8.7M credit loss reserve on geriatric behavioral notes and $5.9M in severance/accelerated stock comp from an executive termination. Acquired two properties for $36M cash; debt climbed to $530M (revolver at $256M drawn, $144M available). Operating cash flow held steady; free cash flow not disclosed in the 10-Q. Portfolio 90.1% leased. Tenant purchase options pose recycling risk.
8-K
Q3 earnings, key acquisition
Community Healthcare Trust posted Q3 net income of $1.6 million ($0.03/share), with FFO and AFFO at $0.50 and $0.56 per diluted share. Acquired a $26.5 million Florida rehab facility at 9.4% expected return, funded by credit facility; sold a Pennsylvania building for $0.7 million net. Tenant sale LOI raises uncertainty. Pipeline holds $146 million in deals. Upcoming sale yields $11.5 million gain.
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