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Community Healthcare Trust (CHCT)
NYSE:CHCT
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.07Last Year’s EPS
$0.15Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 5.81%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments and ongoing challenges. The company has successfully expanded its credit facility and continues to raise dividends, highlighting financial stability. However, issues with tenant payments and decreased occupancy pose significant challenges, balancing the overall sentiment.Company Guidance
During the Q3 2024 earnings call, Community Healthcare Trust (CHCT) provided guidance on several key metrics. The company successfully increased its revolving credit facility from $150 million to $400 million, extending the maturity date by five years and achieving lower pricing. Occupancy decreased from 92.6% to 91.3% due to lease terminations and expirations, but there is positive leasing activity, with three redevelopment projects expected to commence leases in Q1 2025. The weighted average remaining lease term decreased slightly from 7.1 to 6.8 years. CHCT acquired one physician clinic for $6.2 million at a 9.3% return and has four properties under definitive purchase agreements totaling $8.8 million with expected returns between 9.29% and 9.5%. Additionally, seven properties are under contract for future acquisition, totaling $169.5 million with expected returns between 9.1% and 9.75%. The company declared a dividend increase to $0.465 per share, equating to an annualized $1.86 per share.Increased Revolving Credit Facility
Successfully increased the revolving credit facility from $150 million to $400 million, extended its maturity date by 5 years, and achieved lower pricing.
Dividend Increase
Declared and raised the dividend to $0.465 per common share, equating to an annualized dividend of $1.86 per share, continuing a trend of raising dividends every quarter since the IPO.
Revenue Growth
Total revenue grew from $28.7 million in Q3 2023 to $29.6 million in Q3 2024, representing a 3.1% annual growth.
Improved Funds from Operations
FFO increased from $11.6 million in Q2 2024 to $12.8 million in Q3 2024, with FFO per diluted common share rising from $0.43 to $0.48.
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CHCT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CHCT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $17.31 | $18.48 | +6.76% |
| Jul 30, 2024 | $26.18 | $20.71 | -20.89% |
| Apr 30, 2024 | $24.77 | $23.42 | -5.45% |
| Feb 13, 2024 | $24.54 | $25.34 | +3.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Community Healthcare Trust (CHCT) report earnings?
Community Healthcare Trust (CHCT) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Community Healthcare Trust (CHCT) earnings time?
Community Healthcare Trust (CHCT) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CHCT EPS forecast?
CHCT EPS forecast for the fiscal quarter 2024 (Q4) is $0.07.
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