CHCT · Community Healthcare Trust Incorporated

Community Healthcare Trust reported solid Q1 2026 results with rental income up to $31.3 million from $29.7 million year-over-year, driven by acquisitions including the $28.5 million Nobis Rehabilitation Hospital in Pinellas Park, Florida, acquired February 19, 2026, at 100% leased through 2044 with a 9.3% expected return, funded via revolving credit facility and asset sales proceeds. Total revenues reached $31.5 million, with property operating expenses at $6.4 million and G&A at $5.1 million. Depreciation rose slightly to $10.7 million, while interest expense increased to $6.8 million. Net income of $2.5 million ($0.07/share) reflected a $46 thousand loss on real estate sale, following $5.2 million net proceeds from one property disposition. FFO of $13.4 million ($0.49/share) and AFFO of $15.4 million ($0.56/share) adjusted for real estate depreciation, straight-line rent, and stock-based compensation. The geriatric behavioral hospital tenant in six properties paid $0.3 million rent, up from prior quarter, with its business sale LOI progressing but uncertain. Portfolio stood at 198 properties, $1.2 billion invested, 4.5 million sq ft, 89.8% leased, 7.2-year weighted lease term. Balance sheet showed total assets at $1.01 billion, debt net $559 million (44% of capitalization), cash $2.6 million. Board declared $0.48/share dividend, up from $0.4775 paid prior quarter. Four properties under contract for $99 million at 9.1-9.75% returns, expected 2026-2027 closings uncertain.