Community Healthcare Trust ( (CHCT) ) has released its Q4 earnings. Here is a breakdown of the information Community Healthcare Trust presented to its investors.
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Community Healthcare Trust Incorporated is a real estate investment trust specializing in owning income-producing real estate properties associated with outpatient healthcare services across various U.S. sub-markets. The company has recently announced its earnings for the fourth quarter ending December 31, 2024, reporting a net income of approximately $1.8 million or $0.04 per diluted common share. Funds from operations (FFO) and adjusted funds from operations (AFFO) for the period stood at $0.48 and $0.55 per diluted common share, respectively.
Key highlights from the recent quarter include the acquisition of three properties for approximately $8.2 million, all fully leased and funded through the company’s revolving credit facility. Additionally, the company entered into agreements to purchase a residential treatment campus and seven other properties, with anticipated returns ranging from 9.1% to 9.75%. Notably, Community Healthcare Trust also declared a quarterly common stock dividend of $0.4675 per share, showcasing its commitment to returning value to shareholders.
The company’s financials revealed a total revenue of $29.3 million for the quarter, with rental income contributing the majority. Despite a decrease in net income compared to the previous year, the company showed resilience in managing operating expenses and strategic asset acquisitions. The expansion of its revolving credit facility to $400 million and an extension of its maturity date also indicate robust financial management.
Looking ahead, Community Healthcare Trust remains focused on strategic acquisitions and maintaining strong returns on investments. While uncertainties remain regarding the timing of future property purchases, the company’s strategic planning and financial strength position it well for continued growth in its sector.
