CHCT Q1 2020 Earnings Report

Community Healthcare Trust reported net income for the first quarter.

Key Takeaways

Community Healthcare Trust Incorporated announced results for the three months ended March 31, 2020, reporting a net income of approximately $4.1 million, or $0.18 per diluted common share. Funds from operations and adjusted funds from operations totaled $0.48 and $0.49, respectively, per diluted common share.

Issued 610,786 shares of common stock through its ATM program, receiving net proceeds of approximately $26.9 million.

Acquired six real estate properties totaling approximately 122,000 square feet for an aggregate purchase price of approximately $37.0 million.

Acquired one property subsequent to March 31, 2020, with approximately 10,000 square feet for a purchase price of approximately $3.9 million.

Declared a quarterly common stock dividend of $0.42 per share, payable on May 29, 2020.

Total Revenue

$17.9M

Previous year: $13.4M