Community Healthcare Trust (CHCT) Registration Filing summary

Company overview and business model

• Fully integrated healthcare real estate company, organized in Maryland in 2014, focused on acquiring and owning properties leased to hospitals, doctors, healthcare systems, and other healthcare service providers in 36 states, with 200 properties totaling 4.4 million square feet and 90.9% leased as of December 31, 2024.

• Strategic focus on diversified investments across provider, geography, facility type, and industry segment, targeting submarkets outside urban centers to achieve attractive risk-adjusted returns and less competition.

• Revenue primarily from net leases, with tenants responsible for most property operating expenses, and leases typically include rent escalation provisions for annual growth.

• Operates as a REIT since 2015, using an UPREIT structure, and aims to provide stable dividends and long-term appreciation.

Financial performance and metrics

• As of December 31, 2024, gross investments totaled approximately $1.2 billion.

• Portfolio includes 200 properties, with a weighted average remaining lease term of 6.7 years.

• Common stock listed on NYSE under the symbol "CHCT"; closing price on February 18, 2025, was $19.80 per share.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used to acquire additional properties, repay outstanding indebtedness, fund capital expenditures, and for general corporate purposes, including working capital.

• Pending use, proceeds may be invested in interest-bearing accounts or securities consistent with REIT qualification.

• For the $300 million at-the-market offering, proceeds are expected to repay credit facility debt, fund acquisitions, and for general corporate and working capital purposes.