Community Healthcare Trust Inc. Files 2024 Q2 10-Q

TL;DR

CHCT 2024 Q2 10-Q filed. Financials updated.

AI Summary

Community Healthcare Trust Inc. (CHCT) filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial performance and operational status. Key financial data and disclosures relevant to its real estate investment trust operations are presented.

Why It Matters

This filing provides investors with an update on Community Healthcare Trust's financial health and operational performance for the second quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report and does not indicate any immediate or unusual risks.

Key Numbers

• 2024 Q2 — Reporting Period (Covers the second quarter of 2024.)
• 12/31 — Fiscal Year End (Indicates the company's fiscal year concludes on December 31st.)

Key Players & Entities

• Community Healthcare Trust Inc. (company) — Filer of the 10-Q
• 0001631569-24-000077 (document_id) — Accession Number for the filing
• 20240630 (date) — Period of report
• 20240730 (date) — Filing date
• 615-771-3052 (phone_number) — Business phone number

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common stock, $0.01 par value per share CHCT New York Stock

Filing Documents

• chct-20240630.htm (10-Q) — 1300KB
• chct-20240630xexhibitx106.htm (EX-10.6) — 96KB
• chct-20240630xexhibitx107.htm (EX-10.7) — 61KB
• chct-20240630xexhibitx108.htm (EX-10.8) — 43KB
• chct-20240630xexhibitx109.htm (EX-10.9) — 44KB
• chct-20240630xexhibitx1010.htm (EX-10.10) — 38KB
• chct-20240630xexhibitx311.htm (EX-31.1) — 10KB
• chct-20240630xexhibitx312.htm (EX-31.2) — 10KB
• chct-20240630xexhibitx321.htm (EX-32.1) — 6KB
• 0001631569-24-000077.txt ( ) — 8305KB
• chct-20240630.xsd (EX-101.SCH) — 60KB
• chct-20240630_cal.xml (EX-101.CAL) — 90KB
• chct-20240630_def.xml (EX-101.DEF) — 302KB
• chct-20240630_lab.xml (EX-101.LAB) — 748KB
• chct-20240630_pre.xml (EX-101.PRE) — 560KB
• chct-20240630_htm.xml (XML) — 1060KB

—FINANCIAL INFORMATION

PART I.—FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Operations 4 Condensed Consolidated Statements of Comprehensive (Loss) Income 5 Condensed Consolidated Statements of Stockholders' Equity 6 Condensed Consolidated Statements of Cash Flows 8 Notes to Condensed Consolidated Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 40 Item 4.

Controls and Procedures

Controls and Procedures 40

—OTHER INFORMATION

PART II.—OTHER INFORMATION 41 Item 1.

Legal Proceedings

Legal Proceedings 41 Item 1A.

Risk Factors

Risk Factors 41 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 41 Item 3. Defaults Upon Senior Securities 41 Item 4. Mine Safety Disclosures 41 Item 5. Other Information 41 Item 6. Exhibits 41

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS COMMUNITY HEALTHCARE TRUST INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars and shares in thousands, except per share amounts) (Unaudited) June 30, 2024 December 31, 2023 ASSETS Real estate properties Land and land improvements $ 143,717 $ 136,532 Buildings, improvements, and lease intangibles 976,415 913,416 Personal property 318 299 Total real estate properties 1,120,450 1,050,247 Less accumulated depreciation ( 221,834 ) ( 200,810 ) Total real estate properties, net 898,616 849,437 Cash and cash equivalents 734 3,491 Restricted cash — 1,142 Real estate properties held for sale 7,326 7,466 Other assets, net 76,520 83,876 Total assets $ 983,196 $ 945,412 LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities Debt, net $ 457,625 $ 403,256 Accounts payable and accrued liabilities 12,023 12,032 Other liabilities, net 15,777 16,868 Total liabilities 485,425 432,156 Commitments and contingencies Stockholders' Equity Preferred stock, $ 0.01 par value; 50,000 shares authorized; none issued and outstanding — — Common stock, $ 0.01 par value; 450,000 shares author ized; 28,049 and 27,613 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 280 276 Additional paid-in capital 699,833 688,156 Cumulative net income 82,094 88,856 Accumulated other comprehensive income 21,490 16,417 Cumulative dividends ( 305,926 ) ( 280,449 ) Total stockholders' equity 497,771 513,256 Total liabilities and stockholders' equity $ 983,196 $ 945,412 See accompanying notes to the condensed consolidated financial statements. 3 COMMUNITY HEALTHCARE TRUST INCORPORATED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024 AND 2023 (Unaudited; Dollars and shares in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 REVENUES Rental income $ 27,905 $ 26,764 $

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View this 10-Q filing on SEC EDGAR