Community Healthcare Trust (CHCT) investor relations material

Executive summary

• Strategic plan centers on dividend rightsizing, capital recycling, accelerated acquisitions, and portfolio optimization, with the quarterly dividend reduced from $0.48 to $0.33 per share to retain $25–$30 million for growth over two years.

• Portfolio consists of 197 properties across 36 states, totaling $1.25B in gross real estate investments and 4.5M sq. ft., diversified by asset type, operator, and geography.

• Expanded asset management, leasing, and construction teams to accelerate leasing and portfolio optimization.

• Net income for Q2 2026 was $2.4 million, reversing a prior year loss, with FFO and AFFO per share at $0.48 and $0.56, respectively.

• Four core strategic priorities: occupancy improvement, portfolio reinvestment, strategic capital recycling, and accelerated acquisition growth.

Financial highlights

• Q2 2026 total revenue was $31.2 million, up 7% year-over-year; AFFO per share increased 12% to $0.56; FFO per share was $0.48.

• Net income per share was $0.06 for Q2 2026, compared to a loss of $0.50 per share in Q2 2025.

• Annualized NOI stands at $101.4 million; portfolio occupancy at 89.8%.

• Adjusted EBITDAre annualized at $93 million for Q2 2026.

• Property operating expenses were $5.9 million, G&A expenses $4.9 million, and interest expense $7.4 million.

Outlook and guidance

• Targeting improvement in leased occupancy from 89.8% to 92% by end of 2027, with over 100,000 sq. ft. of new leases signed year-to-date.

• $99 million acquisition pipeline under contract, with expected yields of 9–10% and ~2.5% escalators; closings anticipated through 2027.

• $70 million+ in marketed dispositions to fund new acquisitions, aiming for growth without new equity issuance.

• Dividend will be reviewed annually, targeting a 60%–65% AFFO payout ratio.

• Retained capital expected to generate $0.06–$0.07 of AFFO growth per year, assuming 9%–10% yield.