Community Healthcare Trust Inco
14.43-0.04 (-0.28%)
Oct 29, 4:00:02 PM EDT · NYSE · CHCT · USD
Key Stats
Market Cap
409.33MP/E (TTM)
-Basic EPS (TTM)
-0.39Dividend Yield
0%Recent Filings
10-Q
8-K
10-Q
Q2 FY2025 results
Community Healthcare Trust posted rental income of $30.1M for Q2 FY2025 ended June 30, 2025, up 8.0% y/y from $27.9M, while total revenues rose to $29.1M (up 5.7% y/y) amid ongoing leasing at 90.7% occupancy. Yet net loss widened to $12.6M ($0.50 per diluted share) from $10.4M ($0.42), driven by an $8.7M credit loss reserve on geriatric behavioral hospital notes—fully reserving them after buyer interest signals distress—and $6.0M in severance plus accelerated stock comp from an executive exit. Operating cash flow held steady at $28.2M YTD, funding $9.7M in acquisitions and $8.9M capex, with free cash flow of $19.3M (derived). Debt stands at $500.1M under a compliant credit facility, with $174.0M revolver availability and $4.9M cash. Portfolio spans 200 properties across 36 states. Tenant defaults remain a nagging risk.
8-K
CHCT Q2 loss amid reserves
Community Healthcare Trust reported a Q2 net loss of $12.6 million, or $0.50 per share, hammered by an $8.7 million credit loss reserve on notes from a troubled geriatric behavioral hospital tenant and $5.9 million in severance from an executive's May termination. Yet FFO and AFFO held at $0.23 and $0.50 per share, buoyed by a $26.5 million Florida rehab facility acquisition yielding 9.4% and a $1.3 million gain from a lease amendment. Portfolio stands at 200 properties, 90.7% leased. Tenant sale LOI offers hope, but closure remains uncertain.
8-K
Leadership shakeup at CHCT
Community Healthcare Trust terminated Executive VP Timothy Meyer, effective May 31, 2025, triggering a $5.8 million charge in Q2 2025 from severance including $349,766 in salary continuation, a $757,261 bonus lump sum, and accelerated vesting of 216,290 equity units. Mark Kearns, with 25 years in healthcare real estate from Welltower and Healthpeak, steps in as SVP Asset Management on May 12 to sustain leasing and operations momentum. Smooth transition aids portfolio focus. Yet risks from leadership shifts linger.
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