What's new? Log in Free sign up

Table search / Financial reports / Community Healthcare Trust Incorporated

158 results

Newest first

CHCT Community Healthcare Trust Incorporated

Quarterly report

(Unaudited; Dollars and shares in thousands, except per share amounts)

Three Months Ended September 30,	Nine Months Ended September 30,
2024			2023			2024			2023
REVENUES			Rental income			$	29,335	$	27,690	$	85,582	$	80,582	Other operating interest, net	304		1,045	906	3,139	29,639	28,735	86,488	83,721	EXPENSES	Property operating			5,986		5,456	17,349	15,115	General and administrative (1)	4,935		3,618	14,249	23,610	Depreciation and amortization	10,927		11,208	31,981	29,445	21,848	20,282	63,579	68,170	OTHER (EXPENSE) INCOME	Gain on sale (impairment) of depreciable real estate asset			5		(102)	(135)	(102)	Interest expense	(6,253)		(4,641)	(17,301)	(12,773)	Credit loss reserve	—		—	(11,000)	—	Deferred income tax expense	—		(221)	—	(306)	Interest and other income, net	206		3	514	777		(6,042)		(4,961)	(27,922)	(12,404)	NET INCOME (LOSS)	$	1,749	$	3,492	$	(5,013)	$	3,147	NET INCOME (LOSS) PER COMMON SHARE	Net income (loss) per common share - Basic			$	0.04	$	0.11	$	(0.27)	$	0.05	Net income (loss) per common share - Diluted	$	0.04	$	0.11	$	(0.27)	$	0.05	WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC	26,660		25,514	26,479	24,940	WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED	26,660		25,514	26,479	24,940	___________	(1) General and administrative expenses for the nine months ended September 30, 2024 included stock-based compensation expense totaling approximately $7.4 million. General and administrative expenses for the nine months ended September 30, 2023 included stock-based compensation expense totaling approximately $17.9 million, including the accelerated amortization of stock-based compensation totaling approximately $11.8 million recognized upon the passing of our former CEO and President in the first quarter of 2023. See Note 9 – Stock Incentive Plan.

29 Oct 24

4:31pm

CHCT Community Healthcare Trust Incorporated

Quarterly report

Nine Months Ended September 30,
2024			2023
OPERATING ACTIVITIES			Net (loss) income			$	(5,013)	$	3,147	Adjustments to reconcile net (loss) income to net cash provided by operating activities:	Depreciation and amortization			31,981		29,445	Other amortization	636		558	Stock-based compensation	7,390		6,137	Accelerated amortization of stock-based compensation	—		11,799	Straight-line rent receivable	(1,230)		(2,180)	Net gain from insurance recovery on casualty loss	—		(706)	Impairment of real estate asset, net of gain on sale	135		102	Credit loss reserve	11,000		—	Deferred income tax expense	—		306	Changes in operating assets and liabilities:	Other assets			(3,543)		(3,082)	Accounts payable and accrued liabilities	2,263		3,337	Other liabilities	(402)		(1,772)	Net cash provided by operating activities	43,217		47,091	INVESTING ACTIVITIES	Acquisitions of real estate			(64,152)		(91,993)	Proceeds from sale of real estate	965		—	Funding of notes receivable	(2,875)		(1,985)	Proceeds from the repayment of notes receivable	2,370		3,045	Insurance proceeds from casualty loss	—		2,273	Capital expenditures on existing real estate properties	(19,483)		(11,461)	Net cash used in investing activities	(83,175)		(100,121)	FINANCING ACTIVITIES	Net borrowings on revolving credit facility			75,000		48,000	Mortgage note repayments	(4,820)		(94)	Dividends paid	(38,554)		(35,632)	Proceeds from issuance of common stock	7,492		34,766	Taxes paid on behalf of employees and shares withheld upon shares vesting	(785)		(963)	Equity issuance costs	(172)		(182)	Net cash provided by financing activities	38,161		45,895	Decrease in cash, cash equivalents and restricted cash	(1,797)		(7,135)	Cash, cash equivalents and restricted cash, beginning of period	4,633		12,068	Cash, cash equivalents and restricted cash, end of period	$	2,836	$	4,933	Supplemental Cash Flow Information:	Interest paid (net of capitalized interest)			$	16,932	$	9,868	Invoices accrued for construction, tenant improvement, and other capitalized costs	$	5,124	$	4,922	Reclassification of registration statement costs incurred in prior years to equity issuance costs	$	269	$	145	Increase in fair value of cash flow hedges	$	1,824	$	13,593	Income taxes paid	$	31	$	90	Capitalized interest	$	154	$	514

29 Oct 24

4:31pm

CHCT Community Healthcare Trust Incorporated

Quarterly report

Balance as of September 30,
(Dollars in thousands)			2024			2023
Cash and cash equivalents			$	2,836	$	3,885	Restricted cash	—		1,048	Cash, cash equivalents and restricted cash	$	2,836	$	4,933

29 Oct 24

4:31pm

CHCT Community Healthcare Trust Incorporated

Quarterly report

The table below details the Company's debt as of September 30, 2024 and December 31, 2023.

Balance as of	(Dollars in thousands)			September 30, 2024			December 31, 2023			Maturity Dates
Credit Facility:			Revolving Credit Facility			$	125,000	$	50,000	3/26
A-3 Term Loan, net			74,822		74,730	3/26
A-4 Term Loan, net			124,607		124,522	3/28
A-5 Term Loan, net			149,287		149,189	3/30
Mortgage Note Payable, net			—		4,815	5/24
$			473,716	$	403,256

29 Oct 24

4:31pm

CHCT Community Healthcare Trust Incorporated

Quarterly report

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023.

Asset Derivatives Fair Value at	Liability Derivatives Fair Value at
(Dollars in thousands)			September 30, 2024			December 31, 2023			Balance Sheet Classification			September 30, 2024			December 31, 2023			Balance Sheet Classification
Interest rate swaps			$	10,492	$	16,417	Other assets, net	$			476	$	—	Other liabilities, net

29 Oct 24

4:31pm

vccndu xkxgfgpr

Quarterly report

29 Oct 24

4:31pm

Quarterly report

29 Oct 24

4:31pm

wowhjbvu1puhf 35

Quarterly report

29 Oct 24

4:31pm

Quarterly report

29 Oct 24

4:31pm

Quarterly report

29 Oct 24

4:31pm

3d2mf0xadnsqekqzrtt3

Quarterly report

29 Oct 24

4:31pm

Quarterly report

29 Oct 24

4:31pm

Quarterly report

29 Oct 24

4:31pm

Quarterly report

29 Oct 24

4:31pm

ptfphnkitwc3w4tkb35

Quarterly report

29 Oct 24

4:31pm

g9jsx73oki3v daais

Quarterly report

29 Oct 24

4:31pm

Quarterly report

29 Oct 24

4:31pm

Quarterly report

29 Oct 24

4:31pm

y6zdo872ehdhkud7p0b

Quarterly report

29 Oct 24

4:31pm

Quarterly report

29 Oct 24

4:31pm

Prev
1
2
3
4
5
...
Next

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.