Picture of Community Healthcare Trust logo

CHCT — Community Healthcare Trust News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsBalancedSmall CapContrarian

Brief: Community Healthcare Trust Q2 EPS USD -0.5

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

MetricBeat/MissActualConsensus 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.)

Recent news on Community Healthcare Trust

See all news