Community Healthcare Trust Incorporated announced results for the three months ended December 31, 2021. The Company reported net income of approximately $6.1 million, or $0.23 per diluted common share. During the fourth quarter of 2021, the Company acquired three real estate properties for an aggregate purchase price of approximately $9.8 million.
Net income for the fourth quarter was approximately $6.1 million, or $0.23 per diluted common share.
FFO and adjusted funds from operations totaled $0.57 and $0.61, respectively, per diluted common share.
Acquired three real estate properties for an aggregate purchase price of approximately $9.8 million.
Properties under definitive purchase agreements for an expected aggregate purchase price of approximately $11.7 million.
The Company has three properties under definitive purchase agreements for an expected aggregate purchase price of approximately $11.7 million. The Company's expected aggregate return on these investments is expected to range from approximately 9.01% to 9.36%. The Company expects to close on these properties during the first half of 2022; however, the Company cannot provide assurance as to the timing of when, or whether, these transactions will actually close. The Company expects to fund these acquisitions with cash on hand, proceeds from the Company's ATM Program, or proceeds from the Company's Revolving Credit Facility. The Company also has four properties under definitive purchase agreements, to be acquired after completion and occupancy, for an aggregate expected purchase price of approximately $94.0 million. The Company's expected returns on these investments are approximately 10.25%. The Company anticipates closing on these properties from the second quarter of 2022 through the third quarter of 2023; however, the Company cannot provide assurance as to the timing of when, or whether, these transactions will actually close.
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