Overview
Community Healthcare Trust Q2 net loss of $12.6 mln, impacted by credit loss reserve
FFO per share reduced by $0.22 due to severance and transition charges
Co acquired Florida facility for $26.5 mln, 100% leased until 2040
Outlook
Company anticipates closing on six property acquisitions through 2027
Community Healthcare Trust expects returns of 9.1% to 9.75% on new investments
Company cannot assure timing of tenant business sale closure
Result Drivers
CREDIT LOSS RESERVE - $8.7 mln credit loss reserve on notes receivable from geriatric behavioral hospital tenant impacted net loss
SEVERANCE CHARGES - $5.9 mln severance and transition-related charges reduced FFO per share by $0.22
ACQUISITION IMPACT - Acquisition of Florida facility for $26.5 mln, 100% leased until 2040, funded by Revolving Credit Facility
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Rental Income
$30.13 mln
Q2 Diluted EPS
-$0.50
Q2 Net Income
-$12.56 mln
Q2 Basic EPS
-$0.50
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Community Healthcare Trust Inc is $19.50, about 16.1% above its July 28 closing price of $16.36
The stock recently traded at 56 times the next 12-month earnings vs. a P/E of 45 three months ago
Press Release: ID:nPnbVDgBRa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)