Community Healthcare Trust (CHCT) Q4 2025 earnings summary

Executive summary

• Operates 198 properties across 36 states with 323 tenants and a market cap of $467.5 million as of December 31, 2025.

• Achieved 42 consecutive quarters of dividend growth since IPO in 2015, with the latest dividend at $0.4775 per share.

• Q4 2025 saw stable rent collection, ongoing hospital operator transition, and strong leasing activity, with occupancy at 90.6% and weighted average lease term at 7 years.

• Major property acquisitions and dispositions included a $28.5 million Florida facility acquisition and $31.6 million in net proceeds from three property sales.

• Five properties are under definitive purchase agreements for $122.5 million, with anticipated returns of 9.1%-9.75%.

Financial highlights

• Q4 2025 total revenue was $30.9 million, up 5.6% year-over-year; rental income was $30.7 million.

• Net income for Q4 2025 was $14.4 million, or $0.51 per diluted share.

• FFO for Q4 2025 was $13.3 million ($0.49 per share), AFFO was $14.9 million ($0.55 per share).

• Property operating expenses were $6 million; G&A expenses were $4.8 million, both stable quarter-over-quarter.

• Net gains on sale of $12.1 million from capital recycling and asset dispositions increased net income.

Outlook and guidance

• Occupancy expected to remain in the low 90% range, with growth potential as new leases and redevelopment projects come online in 2026 and 2027.

• Five properties under contract are expected to close through 2026 and 2027, but timing is not guaranteed.

• Investment pipeline remains robust, with anticipated returns of 9.1%-9.75%.