Community Healthcare Trust Incorporated · Q3 2020 earnings

Briefing

Announced results for the three months ended September 30, 2020.

Community Healthcare Trust reported a net income of approximately $5.2 million, or $0.22 per diluted common share, for the third quarter of 2020. Funds from operations and adjusted funds from operations totaled $0.52 and $0.53, respectively, per diluted common share.

• Issued 536,839 shares of common stock through its ATM Program, receiving net proceeds of approximately $24.9 million.
• Acquired a land parcel adjacent to one of existing properties for approximately $1.1 million.
• Acquired 10 properties for approximately $67.9 million through November 3, 2020.
• Declared a quarterly common stock dividend of $0.425 per share, payable on November 27, 2020.

Headline financials

Revenue & EPS history

The Company has three properties under definitive purchase agreements for an aggregate expected purchase price of approximately $12.8 million and expected aggregate returns ranging from approximately 9.2% to 10.8%. The Company expects to close on these properties through the first quarter of 2021; however, the Company cannot provide assurance as to the timing of when, or whether, these transactions will actually close. The Company has two properties under definitive purchase agreements, to be acquired after completion and occupancy, for an aggregate expected purchase price of approximately $38.0 million. The Company's expected aggregate returns on these investments of approximately 11.0%. The Company expects to close on these properties during the first half of 2021; however, the Company cannot provide assurance as to the timing of when, or whether, these transactions will actually close.