Community Healthcare Trust Q3 2024 10-Q Filed

TL;DR

**CHCT 10-Q OUT: Q3 financials are in, check the details on properties & liabilities.**

AI Summary

Community Healthcare Trust Inc. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and operations, including its real estate portfolio and liabilities. Specific financial figures and operational details are provided within the report.

Why It Matters

This filing provides investors and stakeholders with an update on Community Healthcare Trust's financial health and operational status for the third quarter of 2024.

Risk Assessment

Risk Level: medium — The filing contains standard financial disclosures for a public company, but the specific details of liabilities and real estate assets could present risks.

Key Players & Entities

• Community Healthcare Trust Inc. (company) — Filer of the 10-Q
• 20240930 (date) — End of the reporting period
• 20241029 (date) — Date of filing
• 3326 ASPEN GROVE DRIVE, SUITE 150, FRANKLIN, TN 37067 (address) — Company's business and mailing address

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-20240930.htm (10-Q) — 1337KB
• chct-20240930xexhibitx311.htm (EX-31.1) — 10KB
• chct-20240930xexhibitx312.htm (EX-31.2) — 10KB
• chct-20240930xexhibitx321.htm (EX-32.1) — 6KB
• 0001631569-24-000101.txt ( ) — 8278KB
• chct-20240930.xsd (EX-101.SCH) — 61KB
• chct-20240930_cal.xml (EX-101.CAL) — 93KB
• chct-20240930_def.xml (EX-101.DEF) — 306KB
• chct-20240930_lab.xml (EX-101.LAB) — 758KB
• chct-20240930_pre.xml (EX-101.PRE) — 568KB
• chct-20240930_htm.xml (XML) — 1128KB

—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 39 Item 4.

Controls and Procedures

Controls and Procedures 39

—OTHER INFORMATION

PART II.—OTHER INFORMATION 40 Item 1.

Legal Proceedings

Legal Proceedings 40 Item 1A.

Risk Factors

Risk Factors 40 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 40 Item 3. Defaults Upon Senior Securities 40 Item 4. Mine Safety Disclosures 40 Item 5. Other Information 40 Item 6. Exhibits 40

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) September 30, 2024 December 31, 2023 ASSETS Real estate properties Land and land improvements $ 146,118 $ 136,532 Buildings, improvements, and lease intangibles 989,019 913,416 Personal property 326 299 Total real estate properties 1,135,463 1,050,247 Less accumulated depreciation ( 232,747 ) ( 200,810 ) Total real estate properties, net 902,716 849,437 Cash and cash equivalents 2,836 3,491 Restricted cash — 1,142 Real estate properties held for sale 6,351 7,466 Other assets, net 69,876 83,876 Total assets $ 981,779 $ 945,412 LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities Debt, net $ 473,716 $ 403,256 Accounts payable and accrued liabilities 14,422 12,032 Other liabilities, net 16,489 16,868 Total liabilities 504,627 432,156 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; 28,242 and 27,613 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 282 276 Additional paid-in capital 702,014 688,156 Cumulative net income 83,843 88,856 Accumulated other comprehensive income 10,016 16,417 Cumulative dividends ( 319,003 ) ( 280,449 ) Total stockholders' equity 477,152 513,256 Total liabilities and stockholders' equity $ 981,779 $ 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 NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (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

View Full Filing

View this 10-Q filing on SEC EDGAR