NYSE$CHCT

Community Healthcare Trust Incorporated · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Community Healthcare Trust reported net income for the first quarter with acquired two real estate properties.

Community Healthcare Trust Incorporated reported a net income of $5.5 million, or $0.21 per diluted common share, for the three months ended March 31, 2022. The company acquired two real estate properties for $5.8 million and has one property under a definitive purchase agreement for $5.9 million.

  • Net income for the first quarter was approximately $5.5 million, or $0.21 per diluted common share.
  • Acquired two real estate properties totaling approximately 30,315 square feet for an aggregate purchase price of approximately $5.8 million.
  • One property is under a definitive purchase agreement for an expected purchase price of approximately $5.9 million.
  • Six properties are under definitive purchase agreements for an aggregate expected purchase price of approximately $141.0 million.

Headline financials

Total Revenue

$23.5M

Previous: $21.4M+9.7%
EPS (adj)

$0.61

Previous: $0.57+7.0%
Capital Expenditures

-$7.74M

Previous: -$61.1M+87.3%
Free Cash Flow

-$2.21M

Previous: -$55.7M+96.0%
Net Income

$5.52M

Previous: $5.32M+3.9%
Operating Income

$8.13M

Previous: $7.58M+7.3%
Gross Profit

$23.5M

Previous: $21.4M+9.7%
Cash & Equivalents

$1.18M

Previous: $5.61M-79.0%
Total Assets

$761M

Previous: $735M+3.5%
Stock-Based Comp

$2.12M

Previous: $1.55M+36.9%

Revenue & EPS history

CHCT · Revenue · Quarterly

$23.5M

Q1 2022+9.7%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

CHCT · $23.5M total across 2 segments · Q1 2022

  • Rental Income
    $22.6M+8.8%
  • Other Operating Interest
    $877K+42.6%

Forward guidance

The Company expects to close on one property during the second or third quarter of 2022. The Company anticipates closing on six properties from the second quarter of 2022 through the fourth quarter of 2023.

Headwinds

  • The Company cannot provide assurance as to the timing of when, or whether, these transactions will actually close.
  • The Company cannot provide assurance as to the timing of when, or whether, these transactions will actually close.
  • The Company’s actual results and financial condition may differ materially from those indicated in such forward-looking statements.
  • General volatility of the capital markets and the market price of the Company's common stock.
  • Readers are therefore cautioned not to place undue reliance on the forward-looking statements contained herein which speak only as of the date hereof.

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 2022

Historical avgQ1 2022

-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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro