FRANKLIN, Tenn., Feb. 17, 2026 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced results for the three months ended December 31, 2025. The Company reported net income for the three months ended December 31, 2025 of approximately $14.4 million, or $0.51 per diluted common share. Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the three months ended December 31, 2025 totaled $0.49 and $0.55 per diluted common share, respectively.
Items Impacting Our Results include:
-- During the fourth quarter of 2025, the Company acquired an inpatient
rehabilitation facility in Florida upon completion of construction for a
purchase price of approximately $28.5 million and cash consideration of
approximately $28.5 million. The property was 100.0% leased to a tenant
with a lease expiration in 2040 and an expected return of approximately
9.3%. The acquisition was funded with net proceeds from the sale of an
inpatient rehabilitation facility in Texas through a like-kind exchange
under Section 1031 of the United States Internal Revenue Code.
-- During the fourth quarter of 2025, the Company disposed of three
buildings, including the inpatient rehabilitation facility in Texas which
was used to fund the inpatient rehabilitation acquisition in Florida,
received net proceeds in the aggregate of approximately $31.6 million,
and recognized a net gain of approximately $12.3 million on the sales.
Also, on February 12, 2026, the Company sold the property classified as
an asset held for sale at December 31, 2025 and received net proceeds of
approximately $5.2 million.
-- During the fourth quarter of 2025, the geriatric behavioral hospital
operator, a tenant in six of the Company's properties, paid rent and
interest totaling $0.2 million. In July 2025, the tenant signed a Letter
of Intent (LOI) for the sale of its business to a behavioral healthcare
provider. Among other terms and conditions of the sale, the buyer would
sign new leases for the six geriatric hospitals owned by the Company. The
buyer is finalizing legal and business due diligence, and while the
transaction is progressing, the Company cannot provide assurance
regarding the specific timing or the ultimate certainty of the closing.
-- The Company has five properties under definitive purchase agreements, to
be acquired after completion and occupancy, for an aggregate expected
purchase price of approximately $122.5 million. The Company's expected
returns on these investments are approximately 9.1% to 9.75%. The Company
anticipates closing on one of these properties in the first quarter of
2026 and the remaining properties throughout 2026 and 2027; however, the
Company cannot provide assurance as to the timing of when, or whether,
these transactions will actually close.
-- During the fourth quarter of 2025, the Company did not issue any shares
under its ATM program.
-- On February 12, 2026, the Company's Board of Directors declared a
quarterly common stock dividend in the amount of $0.4775 per share. The
dividend is payable on March 4, 2026 to stockholders of record on
February 23, 2026.
About Community Healthcare Trust Incorporated
Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2025, the Company had investments of approximately $1.2 billion in 198 real estate properties (including one property with sales-type leases and one property classified as held for sale). The properties are located in 36 states, totaling approximately 4.5 million square feet in the aggregate.
Additional information regarding the Company, including this quarter's operations, can be found at www.chct.reit. Please contact the Company at 615-771-3052 to request a printed copy of this information.
Cautionary Note Regarding Forward-Looking Statements
In addition to the historical information contained within, the matters discussed in this press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "believes", "expects", "may", "will," "should", "seeks", "approximately", "intends", "plans", "estimates", "anticipates" or other similar words or expressions, including the negative thereof. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. Because forward-looking statements relate to future events, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the control of Community Healthcare Trust Incorporated (the "Company"). Thus, the Company's actual results and financial condition may differ materially from those indicated in such forward-looking statements. Some factors that might cause such a difference include the following: general volatility of the capital markets and the market price of the Company's common stock, changes in the Company's business strategy, availability, terms and deployment of capital, changes in the real estate industry in general, interest rates or the general economy, adverse developments related to the healthcare industry, changes in governmental regulations, the degree and nature of the Company's competition, the ability to consummate acquisitions under contract, catastrophic or extreme weather and other natural events and the physical effects of climate change, the occurrence of cyber incidents, effects on global and national markets as well as businesses resulting from increased inflation, changes in interest rates, supply chain disruptions, labor conditions, prolonged government shutdown or budgetary reductions or impasses, tariffs and global trade tensions, and/or international conflicts, and the other factors described in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and the Company's other filings with the Securities and Exchange Commission from time to time. Readers are therefore cautioned not to place undue reliance on the forward-looking statements contained herein which speak only as of the date hereof. The Company intends these forward-looking statements to speak only as of the time of this press release and undertakes no obligation to update forward-looking statements, whether as a result of new information, future developments, or otherwise, except as may be required by law.
COMMUNITY HEALTHCARE TRUST INCORPORATED
CONSOLIDATED BALANCE SHEETS
(Dollars and shares in thousands, except per share amounts)
December 31, 2025 December 31, 2024
---------------------------- ------------------------
ASSETS
Real estate
properties:
Land and land
improvements $ 154,673 $ 149,501
Buildings,
improvements,
and lease
intangibles 1,047,743 996,104
Personal property 813 326
---------------------------- ------------------------
Total real
estate
properties 1,203,229 1,145,931
Less accumulated
depreciation (280,316) (242,609)
---------------------------- ------------------------
Total real
estate
properties,
net 922,913 903,322
Cash and cash
equivalents 3,340 4,384
Assets held for sale 5,265 6,755
Other assets, net 59,239 78,102
---------------------------- ------------------------
Total assets $ 990,757 $ 992,563
============================ ========================
LIABILITIES AND
STOCKHOLDERS'
EQUITY
Liabilities
Debt, net $ 532,199 $ 485,955
Accounts payable
and accrued
liabilities 14,925 14,289
Other
liabilities,
net 14,246 16,354
---------------------------- ------------------------
Total liabilities 561,370 516,598
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
authorized;
28,471 and
28,242 shares
issued and
outstanding at
December 31,
2025 and
December 31,
2024,
respectively 285 282
Additional
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