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Community Healthcare Trust Announces Results for the Three Months Ended June 30, 2026

CHCT
  • Community Healthcare Trust Incorporated reported net income of approximately $2.4 million ($0.06 per diluted share) for the three months ended June 30, 2026.
  • Funds from operations (FFO) & adjusted funds from operations (AFFO) totaled $0.48 & $0.56 per diluted common share, respectively, for the same period.
  • The Board declared a quarterly dividend of $0.33 per share, payable August 31, 2026, representing a 31% reduction from the prior payment to lower the AFFO payout ratio to approximately 60%.
  • Capital reallocation from the dividend cut is expected to generate $25 million to $30 million in retained capital over the next two years to fund acquisitions, reinvestments, & occupancy improvements.
  • Strategic priorities for the next 18-24 months include achieving 92% occupancy, targeting 9-12% yields on portfolio reinvestment, & recycling over $70 million in capital via dispositions.
  • The Company holds a $99 million acquisition pipeline under contract with expected yields of 9-10% & 2.5% escalators, with closings anticipated in Q3 2026, Q4 2026, & 2027.
  • During Q2 2026, the Company sold a property for net proceeds of $0.4 million & recorded a $46,000 gain on the sale.
  • A geriatric behavioral hospital tenant paid $0.4 million in rent during Q2 2026 while finalizing due diligence on a business sale that includes new leases on six hospital properties owned by the Company.
  • The Company revised its Supplemental Information to introduce Funds Available for Distribution (FAD) & expanded disclosures on leasing commissions, tenant improvements, & capital recycling activity.
  • No shares were issued under the ATM program during the second quarter of 2026.
  • As of June 30, 2026, the Company held investments of approximately $1.2 billion across 197 properties in 36 states, totaling 4.5 million square feet.
  • Total assets reached $1,003,595,000, while total liabilities were $589,353,000, with debt net of $559,321,000.