Community Healthcare Trust Announces Results for the Three Months Ended September 30, 2026
Community Healthcare Trust Inc (CHCT) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 News Release Community Healthcare Trust Announces Results for the Three Months Ended September 30, 2026 FRANKLIN, Tenn., November 3, 2026 / PRNewswire / -- Community Healthcare Trust Incorporated (NYSE: CHCT ) (the "Company") today announced results for the three mon
How this was made
The 30-second read
Why it matters
The earnings release provides new financial metrics and dividend confirmation, offering a basis for short‑term trading decisions.
Market read
First‑report earnings for a niche REIT; modest impact on income‑oriented investors.
What to watch
Potential upside from upcoming property acquisitions and capital recycling program not fully reflected in the release.
Community Healthcare Trust Announces Results for the Three Months Ended September 30, 2026
Third-quarter revenue, net income, FFO per diluted share and AFFO per diluted share increased from the prior-year period, while leased occupancy improved sequentially and general and administrative expense declined sequentially. Results also included a loss on sale of real estate assets, higher interest expense year over year, and rent from a geriatric behavioral hospital operator whose prospective sale remains uncertain.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Total revenue, three months ended September 30GAAP | $32.44M | growth of $1.2 million or 4% | – |
| Rental income, three months ended September 30GAAP | $32.19M | – | – |
| Other operating interest, three months ended September 30GAAP | $250K | – | – |
| Property operating expense, three months ended September 30GAAP | $5.97M | – | – |
| General and administrative expense, three months ended September 30GAAP | $4.19M | decline of $0.7 million or 14.3% | – |
| Depreciation and amortization, three months ended September 30GAAP | $10.67M | – | – |
| Loss on sale and impairment of depreciable real estate assets, net of gains, three months ended September 30GAAP | −$1.04M | – | – |
| Interest expense, three months ended September 30GAAP | −$7.51M | – | – |
| Interest and other income, net, three months ended September 30GAAP | $13K | – | – |
| Net income, three months ended September 30GAAP | $3.07M | – | – |
| Net income per common share, basic and diluted, three months ended September 30GAAP | $0.09 | – | – |
| Weighted average common shares outstanding, basic and diluted, three months ended September 30GAAP | 27.07M | – | – |
| FFO, three months ended September 30non-GAAP | $14.96M | – | – |
| AFFO, three months ended September 30non-GAAP | $16.02M | – | – |
| FFO per common share-diluted, three months ended September 30non-GAAP | $0.54 | – | increased by $0.04 or 8.0% |
| AFFO per common share-diluted, three months ended September 30non-GAAP | $0.58 | – | increased by $0.02 or 3.6% |
| Weighted average common shares outstanding-diluted for FFO and AFFO, three months ended September 30non-GAAP | 27.74M | – | – |
| Total revenue, nine months ended September 30GAAP | $95.19M | – | – |
| Rental income, nine months ended September 30GAAP | $94.43M | – | – |
| Other operating interest, nine months ended September 30GAAP | $758K | – | – |
| Net income (loss), nine months ended September 30GAAP | $7.98M | – | – |
| Net income (loss) per common share, basic and diluted, nine months ended September 30GAAP | $0.22 | – | – |
| Weighted average common shares outstanding-basic and diluted, nine months ended September 30GAAP | 27.03M | – | – |
| Leased occupancy as of September 30, 2026other | 90.1% | – | – |
Amounts quoted below without a unit are in thousands, as in the filing’s tables. Per-share figures are as printed.
Capital returns
- On November 3, 2026, the Board of Directors declared a quarterly common stock dividend of $0.33 per share, payable on November 25, 2026, to stockholders of record as of November 13, 2026.
- The quarterly common stock dividend amount is the same as the prior quarter.
- The Company did not issue any shares under its ATM program during the third quarter of 2026.
- Since the close of the second quarter of 2026, the Company completed $32.3 million in property dispositions.
- Subsequent to September 30, 2026, the Company sold two properties for net proceeds totaling approximately $31.5 million.
What drove it
- Total revenue grew by $1.2 million or 4% from the second quarter of 2026 to the third quarter of 2026.
- Leased occupancy increased from 89.8% to 90.1% from the second quarter of 2026 to the third quarter of 2026.
- General and administrative expense declined by $0.7 million or 14.3% sequentially.
- The decrease in deferred compensation expense was generally due to fully amortized restricted stock awards and forfeited performance-based restricted stock units at June 30, 2026 totaling approximately $1.25 million, partially offset by approximately $0.4 million of increased amortization from restricted stock awards and units granted during the third quarter of 2026.
- A geriatric behavioral hospital operator paid approximately $0.5 million in rent during the third quarter of 2026, an increase of approximately $0.2 million from the second quarter of 2026.
Concerns
- Loss on sale and impairment of depreciable real estate assets, net of gains, was $(1,039) (in thousands) in the third quarter of 2026.
- Interest expense was $(7,515) (in thousands) in the third quarter of 2026, compared with $(7,075) (in thousands) in the prior-year period.
- The geriatric behavioral hospital operator's prospective business sale is still subject to due diligence and definitive purchase agreements, and the Company cannot provide assurance on timing or closing certainty.
- The Company sold a property during the third quarter of 2026, received net proceeds of approximately $0.1 million, and recorded a $0.7 million loss on sale.
- Debt, net increased to $558,382 (in thousands) at September 30, 2026 from $532,199 (in thousands) at December 31, 2025.
What to watch
- Closing of four properties under definitive purchase agreements with an aggregate expected purchase price of approximately $99.0 million and expected returns of approximately 9.1% to 9.75%.
- The Company anticipates closing on the first property in the fourth quarter of 2026, a second in the first quarter of 2027, and the remaining two between mid-2027 and early 2028, although it cannot provide assurance on timing or closing.
- Deployment of approximately $31.5 million of subsequent property-sale proceeds into acquisitions through like-kind exchange under Section 1031 and for general corporate purposes.
- Rent collections and completion of the prospective transaction involving the geriatric behavioral hospital operator that is a tenant in six properties.
- Leased occupancy following the increase to 90.1% as of September 30, 2026.
Balance sheet and cash flow
- Cash and cash equivalents were $1,350 (in thousands) at September 30, 2026, compared with $3,340 (in thousands) at December 31, 2025.
- Debt, net was $558,382 (in thousands) at September 30, 2026, compared with $532,199 (in thousands) at December 31, 2025.
- Total assets were $1,000,411 (in thousands) at September 30, 2026, compared with $990,757 (in thousands) at December 31, 2025.
- Assets held for sale, net were $22,588 (in thousands) at September 30, 2026, compared with $5,265 (in thousands) at December 31, 2025.
- Total stockholders' equity was $413,440 (in thousands) at September 30, 2026, compared with $429,387 (in thousands) at December 31, 2025.
- Cash flow from operating activities and free cash flow were not reported.
Analysis
Community Healthcare Trust reported third-quarter GAAP revenue of $32,443 (in thousands), compared with $31,086 (in thousands) in the prior-year period. Rental income rose to $32,193 (in thousands) from $30,814 (in thousands). The company also reported total revenue growth of $1.2 million or 4% from the second quarter of 2026, alongside an increase in leased occupancy from 89.8% to 90.1%.
GAAP net income rose to $3,068 (in thousands), or $0.09 per diluted common share, from $1,640 (in thousands), or $0.03 per diluted common share. FFO increased to $14,960 (in thousands), or $0.54 per diluted share, from $13,547 (in thousands), or $0.50 per diluted share. AFFO increased to $16,017 (in thousands), or $0.58 per diluted share, from $15,099 (in thousands), or $0.56 per diluted share. The company stated that FFO per share increased by $0.04 or 8.0% year over year and AFFO per share increased by $0.02 or 3.6%.
Expense performance included a sequential $0.7 million or 14.3% decline in general and administrative expense. The company attributed a reduction in deferred compensation expense largely to approximately $1.25 million of fully amortized restricted stock awards and forfeited performance-based restricted stock units at June 30, 2026, partially offset by approximately $0.4 million of increased amortization for third-quarter grants. Property operating expense was $5,975 (in thousands), compared with $5,930 (in thousands) a year earlier, while interest expense increased to $(7,515) (in thousands) from $(7,075) (in thousands).
Real estate sales and tenant developments remain central to the period. The company recorded $(1,039) (in thousands) of loss on sale and impairment of depreciable real estate assets, net of gains, including a third-quarter property sale with approximately $0.1 million of net proceeds and a $0.7 million loss on sale. A behavioral hospital tenant in six properties paid approximately $0.5 million in rent, approximately $0.2 million more than in the second quarter, but the tenant's expected sale remains unclosed and uncertain.
Capital recycling continued after quarter-end, with two property sales generating approximately $31.5 million of net proceeds expected to fund acquisitions through like-kind exchange under Section 1031 and general corporate purposes. The company has four properties under definitive purchase agreements with an aggregate expected purchase price of approximately $99.0 million and expected returns of approximately 9.1% to 9.75%. Net debt was $558,382 (in thousands) at September 30, 2026, while cash and cash equivalents were $1,350 (in thousands). The Board maintained the quarterly common dividend at $0.33 per share.
Not in the filing
stated, not guessed- Financial revenue, gross margin, operating-expense, and tax-rate guidance were not provided.
- Previous-release outlook was not provided, so no comparison against prior guidance is available.
- Cash flow from operating activities was not reported.
- Free cash flow was not reported.
- Gross margin was not reported.
- Segment revenue was not reported.
- No named executive commentary or executive quotes were included.
- Prior-quarter absolute values were not reported for total revenue, general and administrative expense, leased occupancy, net income, FFO, or AFFO.
- A consolidated cash flow statement was not included.
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure is checked against the filing text, and a metric the filing does not print, or whose value, prior period and change do not add up, is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
The filing is an SEC Form 8‑K announcing quarterly results for the three months ended September 30, 2026.
Ticker impact
Community Healthcare Trust reported Q3 2026 results with net income $3.1M, FFO $0.54 per share, AFFO $0.58 per share and declared a $0.33 dividend.
likely modest upside as investors price in earnings stability and dividend continuity
The release provides fresh earnings numbers and dividend confirmation, but scale is small and guidance unchanged.
Market effects
Provides a data point for the healthcare REIT sector, indicating modest growth and dividend stability.
Limited impact on U.S. markets; primarily relevant to investors in REITs and income-focused funds.
Low global relevance beyond the REIT niche.
Counterpoint
If investors expect stronger growth, the modest results may trigger a sell-off.
Key entities
- companyCommunity Healthcare Trust Inc.
A U.S. REIT focused on outpatient healthcare real estate.
