Business
Community Healthcare Trust Announces Results for the Three Months Ended March 31, 2025
Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced results for the three months ended March 31, 2025. The Company reported net income for the three months ended March 31, 2025 of approximately $1.6 million, or $0.03 per diluted common share. Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the three months ended March 31, 2025 totaled $0.47 and $0.55, respectively, per diluted common share.
About this update from Community Healthcare Trust Incorporated
[{"type":"text","content":"FRANKLIN, Tenn., April 29, 2025 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced results for the three months ended March 31, 2025. The Company reported net income for the three months ended March 31, 2025 of approximately $1.6 million, or $0.03 per diluted common share. Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the three months ended March 31, 2025 totaled $0.47 and $0.55, respectively, per diluted common share.","length":559,"tagName":"p"},{"type":"text","content":"Items Impacting Our Results include:","length":36,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"During the first quarter of 2025, the Company acquired a property for cash consideration of approximately $9.7 million which was accounted for as a sale-leaseback transaction. The lease, signed at closing, will commence upon completion of approximately $1.4 million in tenant improvements and will expire in 2040. The acquisition was funded from proceeds from the Revolving Credit Facility.","length":390,"tagName":"p"}]},{"val":[{"type":"text","content":"In April 2025, the Company disposed of a building in Ohio and received net proceeds of approximately $0.6 million from the sale.","length":128,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company has seven properties under definitive purchase agreements, to be acquired after completion and occupancy, for an aggregate expected purchase price of approximately $169.5 million. The Company's expected returns on these investments are approximately 9.1% to 9.75%. The Company anticipates closing on these properties throughout 2025, 2026 and 2027; however, the Company cannot provide assurance as to the timing of when, or whether, these transactions will actually close.","length":488,"tagName":"p"}]},{"val":[{"type":"text","content":"During the first quarter of 2025, the geriatric psychiatric hospital operator, a tenant in six of the Company's properties, paid rent and interest of $0.2 million. The operator continues its review of strategic alternatives, including the potential sale of all or selected hospitals within its portfolio. The Company remains in active dialogue with the operator and its consultants to evaluate all options under its leases a...