NYSE$CHCT

Community Healthcare Trust Incorporated · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Community Healthcare Trust reported net income for the three months ended March 31, 2024.

Community Healthcare Trust reported a net income of $3.7 million, or $0.11 per diluted common share, for the three months ended March 31, 2024. The company acquired four real estate properties for approximately $34.2 million during the quarter.

  • Net income for the three months ended March 31, 2024 was approximately $3.7 million, or $0.11 per diluted common share.
  • FFO totaled $0.53 per diluted common share.
  • AFFO totaled $0.59 per diluted common share.
  • The Company acquired four real estate properties for an aggregate purchase price of approximately $34.2 million during the three months ended March 31, 2024.

Headline financials

Total Revenue

$29.3M

Previous: $27.2M+7.9%
EPS

$0.11

Previous: $0.62-82.3%
Properties Acquired

4

No prior period
Aggregate Purchase Price

$34.3M

No prior period
Quarterly Dividend Per Share

$0.46

No prior period
Capital Expenditures

-$39.4M

Previous: -$28M-40.6%
Free Cash Flow

-$35.7M

Previous: -$35M-2.3%
Net Income

$3.67M

Previous: -$6.92M+152.9%
Operating Income

$8.73M

Previous: -$2.92M+398.8%
Gross Profit

$29.3M

Previous: $27.2M+7.9%
Cash & Equivalents

$3.81M

Previous: $3.67M+3.8%
Total Assets

$983M

Previous: $886M+10.9%
Stock-Based Comp

$2.42M

Previous: $2.55M-4.8%

Revenue & EPS history

CHCT · Revenue · Quarterly

$29.3M

Q1 2024+7.9%vs Q1 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

CHCT · $28.7M total across 2 segments · Q3 2023

  • Rental Income
    $27.7M+15.8%
  • Other Operating Interest
    $1.05M+17.7%

Forward guidance

The Company anticipates closing on one of properties in the fourth quarter of 2024 with the remainder throughout 2025, 2026 and 2027.

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 2024

Historical avgQ1 2024

-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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