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Mar 31, 2022
CHCT Q1 2022 Earnings Report
Community Healthcare Trust reported net income for the first quarter with acquired two real estate properties.
Key Takeaways
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.
Revenue by Segment
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.
Challenges Ahead
- 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.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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