NYSE$CHCT

Community Healthcare Trust Incorporated · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported net income of $5.3 million and acquired six real estate properties.

Community Healthcare Trust reported a net income of $5.3 million, or $0.21 per diluted common share, for the first quarter of 2021. The company also acquired six real estate properties for approximately $59.8 million.

  • Issued 435,272 shares of common stock through its ATM Program, receiving net proceeds of approximately $19.9 million.
  • Acquired six real estate properties totaling approximately 159,000 square feet for an aggregate purchase price of approximately $59.8 million.
  • Entered into a third amended and restated credit agreement, adding a new seven-year, $125.0 million term loan.
  • Declared a quarterly common stock dividend of $0.43 per share.

Headline financials

Total Revenue

$21.4M

Previous: $17.9M+19.3%
EPS (adj)

$0.57

Previous: $0.49+16.3%
Capital Expenditures

-$61.1M

Previous: -$37.1M-64.8%
Free Cash Flow

-$55.7M

Previous: -$33M-69.1%
Net Income

$5.32M

Previous: $4.1M+29.6%
Operating Income

$7.58M

Previous: $6.34M+19.6%
Gross Profit

$21.4M

Previous: $17.9M+19.3%
Cash & Equivalents

$5.61M

Previous: $3.33M+68.5%
Total Assets

$735M

Previous: $597M+23.2%
Stock-Based Comp

$1.55M

Previous: $1.01M+53.0%

Revenue & EPS history

CHCT · Revenue · Quarterly

$21.4M

Q1 2021+19.3%vs Q1 2020
Beat estimate in 4 of 12 quarters(33%)
ActualEstimate

Revenue by segment

CHCT · $21.4M total across 2 segments · Q1 2021

  • Rental Income
    $20.8M+19.2%
  • Other Operating Interest
    $615K+21.1%

Forward guidance

The Company has two properties under definitive purchase agreements for an aggregate expected purchase price of approximately $8.4 million and expected aggregate returns of approximately 9.3%. The Company expects to close on these properties during the second or third quarter of 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.2%

Avg return

Earnings day

-0.8%

Avg return

5 days after

-2.9%

Avg return

30 days after

47%

20 / 43 earnings

Positive

+9.8%

Q2 2020

Best reaction

-18.9%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.9%-4.7%-0.8%
Q4 2025-4.7%-9.4%-13.8%
Q3 2025-0.3%+1.0%+7.7%
Q1 2025+5.0%+5.0%+0.5%
Q4 2024-6.3%-7.0%-8.0%
Q3 2024+6.8%+3.8%+6.0%
Q2 2024-18.9%-25.2%-30.2%
Q1 2024-6.2%-8.9%-14.2%
Q4 2023+0.1%-1.3%-4.7%
Q3 2023-1.6%-1.0%-3.9%
Q2 2023+2.7%+3.4%-5.8%
Q1 2023-0.0%+1.6%-9.0%
Q4 2022-1.6%-2.1%-12.7%
Q3 2022+0.9%+2.0%+2.7%
Q2 2022+0.7%-0.7%-9.0%
Q1 2022+2.1%+3.4%+1.9%
Q4 2021+4.2%+3.2%-3.4%
Q3 2021-3.5%-2.0%-10.0%
Q2 2021-1.6%+1.1%+1.3%
Q1 2021-3.9%-1.7%-4.9%
Q4 2020+0.9%-0.4%-1.1%
Q3 2020+3.9%-0.4%-2.3%
Q2 2020+9.8%+9.9%+4.6%
Q1 2020+7.2%+5.8%+4.6%
Q4 2019-1.7%-6.8%-34.8%
Q3 2019-4.9%-6.6%-1.8%
Q2 2019+3.1%+3.2%+2.9%
Q1 2019-1.9%-0.1%+3.4%
Q4 2018-4.7%-5.9%+1.3%
Q3 2018+1.1%+1.8%+5.9%
Q2 2018+2.7%+3.4%+0.3%
Q1 2018+0.2%-0.8%+2.2%
Q4 2017+7.8%+5.1%+10.7%
Q3 2017-3.2%-1.6%-3.0%
Q2 2017-0.2%+2.1%+9.4%
Q1 2017+2.9%+1.4%+2.0%
Q4 2016+3.3%+4.7%+1.1%
Q3 2016-7.3%-6.4%+0.4%
Q2 2016-0.5%-2.1%-7.6%
Q1 2016+2.4%
Q4 2015-0.7%
Q3 2015-1.4%
Q2 2015-0.1%
Q3 2014

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