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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): July 29, 2025

COMMUNITY HEALTHCARE TRUST INCORPORATED
(Exact Name of Registrant as Specified in its Charter)
Maryland   001-37401   46-5212033
(State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer
Identification No.)

3326 Aspen Grove Drive, Suite 150, Franklin, Tennessee 37067
(Address of principal executive offices) (Zip Code)

(615) 771-3052
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each Class Trading Symbol Name of each exchange on which registered
Common stock, $0.01 par value per share CHCT New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐




Item 2.02    Results of Operations and Financial Condition

On July 29, 2025, Community Healthcare Trust Incorporated (the "Company") issued a press release announcing its earnings for the second quarter ended June 30, 2025. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.

This information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act.

Item 7.01     Regulation FD Disclosure

The Company is furnishing its Supplemental Information for the second quarter ended June 30, 2025, which is also contained on its website (www.chct.reit). See Exhibit 99.2 to this Current Report on Form 8-K.

The Company has prepared an investor presentation for the second quarter ended June 30, 2025 that is expected to be used in meetings with current and potential investors. A copy of this presentation is available on the Company's website (www.chct.reit).

This information furnished pursuant to this Item 7.01, including Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act.

Item 9.01 Financial Statements and Exhibits

The exhibits required by Item 601 of Regulation S-K which are filed with this report are listed in the Exhibit Index and are hereby incorporated in by reference.






EXHIBIT INDEX
Exhibit No. Description
99.1
Press release dated July 29, 2025
99.2
Supplemental Information - Second Quarter 2025
104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)






SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
  COMMUNITY HEALTHCARE TRUST INCORPORATED
By: /s/ William G. Monroe IV
William G. Monroe IV
Executive Vice President and Chief Financial Officer
July 29, 2025    



EX-99.1 2 earningspressrelease2025q2.htm EX-99.1 Document

Exhibit 99.1

News Release

Community Healthcare Trust Announces Results for the Three Months Ended June 30, 2025

FRANKLIN, Tenn., July 29, 2025 / PRNewswire / -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced results for the three months ended June 30, 2025. The Company reported a net loss for the three months ended June 30, 2025 of approximately $12.6 million, or $0.50 per diluted common share. Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the three months ended June 30, 2025 totaled $0.23 and $0.50, respectively, per diluted common share.

Items Impacting Our Results include:
•During the three months ended June 30, 2025, the Company determined that the collectability of the remaining interest receivable balance and unreserved notes related to its geriatric behavioral hospital tenant were not reasonably assured. As such, the Company recorded a $1.7 million reserve on its interest receivable, resulting in a reduction of FFO and AFFO per diluted common share of $0.06 for the three months ended June 30, 2025. Also, the Company recorded an $8.7 million credit loss reserve on its notes receivable with the tenant. Because the Company views its notes receivable as incidental to its business of acquiring and leasing real estate, the $8.7 million credit loss reserve is added back in calculating FFO and, therefore, does not impact FFO or AFFO per diluted common share. On July 17, 2025, the geriatric behavioral hospital 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. However, the Company cannot provide assurance as to the timing of when, or whether, this transaction will actually close.

•As previously announced, the Company's former Executive Vice President, Asset Management was terminated effective May 31, 2025. In accordance with his employment agreement, his unvested restricted shares totaling 198,015 shares vested and his unvested restricted stock units totaling 18,275 units vested at target upon his termination. Upon termination and vesting of these shares, the Company accelerated the unamortized remaining balance of his deferred compensation at May 31, 2025. The Company recorded severance and transition-related charges totaling approximately $5.9 million, including non-cash accelerated amortization of stock-based compensation of approximately $4.6 million, which reduced FFO per diluted common share by approximately $0.22 for the three months ended June 30, 2025.

•During the first quarter of 2025, the Company acquired a behavioral specialty facility for cash consideration of approximately $9.7 million and an expected stabilized return of approximately 9.5%. Because the lease had not yet commenced and was accounted for as a sale-leaseback transaction, the Company could not recognize the acquisition as a real estate purchase during the first quarter of 2025 but rather accounted for it as a financing transaction. During the second quarter of 2025, the lease commenced, the real estate purchase was recognized, and the asset was reclassified from other assets to real estate properties on the Company's Condensed Consolidated Balance Sheet. The property is 100% leased to a tenant with a lease expiration in 2040. This first quarter 2025 acquisition was funded from proceeds from the Revolving Credit Facility.

•During the second quarter of 2025, the Company disposed of a building in Ohio, received net proceeds of approximately $0.6 million, and recognized a gain of approximately $0.2 million on the sale. Also, during the second quarter of 2025, the Company amended an operating lease on a property that resulted in a sales-type lease. As such, the Company reclassified the real estate to other assets on the Condensed Consolidated Balance Sheet and recognized a gain on sale of the real estate totaling approximately $1.3 million.

•On July 9, 2025, the Company acquired one inpatient rehabilitation facility in Florida upon completion of construction for a purchase price of approximately $26.5 million and cash consideration of approximately $26.4 million. Upon acquisition, the property was 100.0% leased to a tenant with a lease expiration in 2040 and an expected return of approximately 9.4%. The acquisition was funded with net proceeds from the Revolving Credit Facility and cash on hand.
1



•The Company has six properties under definitive purchase agreements, to be acquired after completion and occupancy, for an aggregate expected purchase price of approximately $146.0 million. The Company's expected returns on these investments are approximately 9.1% to 9.75%. The Company anticipates closing on these properties throughout 2025, 2026 and 2027; however, the Company cannot provide assurance as to the timing of when, or whether, these transactions will actually close.

•During the second quarter of 2025, the Company did not issue any shares under its ATM program.

•On July 24, 2025, the Company’s Board of Directors declared a quarterly common stock dividend in the amount of $0.4725 per share. The dividend is payable on August 22, 2025 to stockholders of record on August 8, 2025.


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 June 30, 2025, the Company had investments of approximately $1.2 billion in 200 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, tariffs and global trade tensions, and/or the conflicts in Ukraine and the Middle East, 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, 2024, 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.


2



COMMUNITY HEALTHCARE TRUST INCORPORATED
CONSOLIDATED BALANCE SHEETS
(Dollars and shares in thousands, except per share amounts)
(Unaudited)
June 30, 2025 December 31, 2024
ASSETS
Real estate properties:
Land and land improvements
$ 152,887  $ 149,501 
Buildings, improvements, and lease intangibles
1,004,616  996,104 
Personal property
809  326 
Total real estate properties
1,158,312  1,145,931 
Less accumulated depreciation
(262,961) (242,609)
Total real estate properties, net
895,351  903,322 
Cash and cash equivalents
4,863  4,384 
Assets held for sale 5,465  6,755 
Other assets, net
60,613  78,102 
Total assets
$ 966,292  $ 992,563 
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net
$ 500,077  $ 485,955 
Accounts payable and accrued liabilities
13,944  14,289 
Other liabilities, net
14,451  16,354 
Total liabilities
528,472  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; 28,368 and 28,242 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively
284  282 
Additional paid-in capital
712,498  704,524 
Cumulative net income
74,709  85,675 
Accumulated other comprehensive gain
9,121  17,631 
Cumulative dividends
(358,792) (332,147)
Total stockholders’ equity
437,820  475,965 
Total liabilities and stockholders' equity
$ 966,292  $ 992,563 

The Consolidated Balance Sheets do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.
 

3



COMMUNITY HEALTHCARE TRUST INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025 AND 2024
(Unaudited; Dollars and shares in thousands, except per share amounts)

Three Months Ended
June 30,
Six Months Ended
June 30,
2025 2024 2025 2024
REVENUES
Rental income $ 30,128  $ 27,905  $ 59,858  $ 56,247 
Other operating interest (1,043) (389) (695) 602 
29,085  27,516  59,163  56,849 
EXPENSES
Property operating 5,585  5,572  11,680  11,363 
General and administrative
10,559  4,760  15,659  9,314 
Depreciation and amortization 10,879  10,792  21,822  21,054 
27,023  21,124  49,161  41,731 
OTHER (EXPENSE) INCOME
Gains on sale, net of impairments of real estate assets 640  (140) 640  (140)
Interest expense (6,592) (5,986) (12,944) (11,048)
Credit loss reserve (8,672) (11,000) (8,672) (11,000)
Interest and other income, net 307  308 
(14,619) (16,819) (20,968) (21,880)
NET LOSS $ (12,557) $ (10,427) $ (10,966) $ (6,762)
NET LOSS PER COMMON SHARE
Net loss per common share - Basic $ (0.50) $ (0.42) $ (0.47) $ (0.31)
Net loss per common share - Diluted $ (0.50) $ (0.42) $ (0.47) $ (0.31)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC 26,803  26,479  26,768  26,388 
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED 26,803  26,479  26,768  26,388 
(1) General and administrative expenses for the three and six months ended June 30, 2025, included severance and transition-related expenses totaling $1.3 million related to a termination in the second quarter of 2025, as well as non-cash stock-based compensation expense totaling $7.1 million and $9.8 million, respectively, which includes accelerated amortization of $4.6 million related to a termination in the second quarter of 2025. General and administrative expenses for the three and six months ended June 30, 2024, included non-cash stock-based compensation expense totaling $2.5 million and $4.9 million, respectively.

The Consolidated Statements of Operations do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.


4



COMMUNITY HEALTHCARE TRUST INCORPORATED
RECONCILIATION OF FFO and AFFO (1)
(Unaudited; Dollars and shares in thousands, except per share amounts)
Three Months Ended June 30,
2025 2024
Net loss $ (12,557) $ (10,427)
   Real estate depreciation and amortization 10,861  10,895 
Gains on sale, net of impairments of real estate assets (640) 140 
Credit loss reserve (3)
8,672  11,000 
   Total adjustments 18,893  22,035 
FFO (1)(2)(3)
$ 6,336  $ 11,608 
   Straight-line rent (1,184) 204 
   Stock-based compensation 2,531  2,469 
Accelerated amortization of stock-based compensation (4)
4,591  — 
Severance and transition related expenses(4)
1,311  — 
AFFO (1)(2)
$ 13,585  $ 14,281 
   FFO per Common Share-Diluted (1)(2)
$ 0.23  $ 0.43 
   AFFO per Common Share-Diluted (1)(2)
$ 0.50  $ 0.53 
Weighted Average Common Shares Outstanding-Diluted (5)
27,011  26,791 
(1)
Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminishes predictably over time. However, since real estate values have historically risen or fallen with market conditions, many industry investors deem presentations of operating results for real estate companies that use historical cost accounting to be insufficient by themselves. For that reason, the Company considers funds from operations ("FFO") and adjusted funds from operations ("AFFO") to be appropriate measures of operating performance of an equity real estate investment trust ("REIT"). In particular, the Company believes that AFFO is useful because it allows investors, analysts and Company management to compare the Company's operating performance to the operating performance of other real estate companies and between periods on a consistent basis without having to account for differences caused by unanticipated items and other events.

The Company uses the National Association of Real Estate Investment Trusts, Inc. ("NAREIT") definition of FFO. FFO is an operating performance measure adopted by NAREIT. NAREIT defines FFO as the most commonly accepted and reported measure of a REIT’s operating performance equal to net income (calculated in accordance with GAAP), excluding gains or losses from the sale of certain real estate assets, gains and losses from change in control, impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity, plus depreciation and amortization related to real estate properties, and after adjustments for unconsolidated partnerships and joint ventures. NAREIT also provides REITs with an option to exclude gains, losses and impairments of assets that are incidental to the main business of the REIT from the calculation of FFO.

In addition to FFO, the Company presents AFFO and AFFO per share. The Company defines AFFO as FFO, excluding certain expenses related to closing costs of properties acquired accounted for as business combinations and mortgages funded, excluding straight-line rent and the amortization of stock-based compensation, and including or excluding other non-cash items from time to time. AFFO presented herein may not be comparable to similar measures presented by other real estate companies due to the fact that not all real estate companies use the same definition.

FFO and AFFO should not be considered as alternatives to net income (determined in accordance with GAAP) as indicators of the Company's financial performance or as alternatives to cash flow from operating activities (determined in accordance with GAAP) as measures of the Company’s liquidity, nor are they necessarily indicative of sufficient cash flow to fund all of the Company’s needs. The Company believes that in order to facilitate a clear understanding of the consolidated historical operating results of the Company, FFO and AFFO should be examined in conjunction with net income as presented elsewhere herein.
(2)
During the three months ended June 30, 2025, the Company reversed interest related to a geriatric behavioral hospital tenant totaling approximately $1.7 million, resulting in a reduction of FFO and AFFO per diluted share of approximately $0.06. During the three months ended June 30, 2024, the Company reversed rent and interest related to this geriatric behavioral hospital tenant totaling approximately $3.2 million, including straight-line rent of approximately $0.9 million, resulting in a reduction of FFO per diluted share of approximately $0.12. AFFO, which adds back straight-line rent, was reduced by approximately $0.09 per diluted share for the three months ending June 30, 2024.
(3)
During the three months ended June 30, 2025, the Company recorded a credit loss reserve on its notes related to a geriatric behavioral hospital tenant totaling approximately $8.7 million. During the three months ended June 30, 2024, the Company recorded an $11.0 million credit loss reserve related to its notes receivable with this geriatric behavioral hospital tenant. Because these notes are incidental to the Company's main business, the Company added back these reserves in its calculations of FFO and AFFO.
(4) During the three months ended June 30, 2025, the Company recorded severance and transition-related charges totaling approximately $5.9 million, including non-cash accelerated amortization of stock-based compensation of approximately $4.6 million which reduced FFO per diluted common share by approximately $0.22.
(5)
Diluted weighted average common shares outstanding for FFO and AFFO are calculated based on the treasury method, rather than the 2-class method used to calculate earnings per share. Restricted stock awards and time-based RSUs are included in the calculation of weighted average common shares outstanding to the extent that they are dilutive. Performance-based RSUs are included in the calculation of weighted average common shares outstanding to the extent that they are in-the-money as of the end of the reporting period and are dilutive.

CONTACT: Bill Monroe, 615-771-3052
SOURCE: Community Healthcare Trust Incorporated
5
EX-99.2 3 supplementalinfo2025q2.htm EX-99.2 Document


Exhibit 99.2                
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CHCT
LISTED
NYSE
                
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SUPPLEMENTAL INFORMATION
Q2 2025

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Community Healthcare Trust 2Q 2025 | Supplemental Information

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ABOUT US
CHCT is a self-managed healthcare real estate investment trust (“REIT”) that owns a diverse portfolio of properties including medical office buildings, acute inpatient behavioral facilities, inpatient rehabilitation facilities, physician clinics, specialty centers, behavioral specialty facilities, and surgical centers and hospitals across the United States, primarily outside of urban centers. As a result of favorable demographic trends, increases in healthcare spending, and the shift in the delivery of healthcare services to community-based facilities, we believe our properties are essential for healthcare providers to serve their local markets. 




TABLE OF CONTENTS



Community Healthcare Trust 2Q 2025 | Supplemental Information

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COMPANY SNAPSHOT

June 30, 2025
Gross real estate investments (in thousands) (1)
$1,171,846 
Total properties 200 
% Leased (2)
90.7  %
Total square feet owned 4,525,053 
Weighted Average remaining lease term (years) 6.6 
Cash and cash equivalents (in thousands) $4,863 
Debt to Total Capitalization 41.6  %
Weighted average interest rate per annum on Revolving Line of Credit(3)
5.3  %
Weighted average interest rate per annum on Term Loans (4)
4.7  %
Equity market cap (in millions) $471.8 
Quarterly dividend paid in the period (per share) $0.4700 
Quarter end stock price (per share) $16.63 
Dividend yield 11.30  %
Common shares outstanding 28,368,353 
___________
(1) Includes one property with two sales-type leases and one property classified as held for sale.
(2) Excludes real estate assets held for sale.
(3) Revolving Line of Credit is partially hedged; this rate represents the weighted average of fixed and floating rates.
(4) Term Loans are fully hedged; this rate represents the weighted average hedged rates.




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Community Healthcare Trust
Page | 3
2Q 2025 | Supplemental Information

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CORPORATE INFORMATION
Community Healthcare Trust Incorporated
3326 Aspen Grove Drive, Suite 150
Franklin, TN 37067
Phone: 615-771-3052
E-mail: Investorrelations@chct.reit
Website: www.chct.reit
BOARD OF DIRECTORS
Alan Gardner Robert Hensley Claire Gulmi R. Lawrence Van Horn Cathrine Cotman David H. Dupuy
Chairman of the
Board
Audit Committee
Chair
Compensation Committee
Chair
ESG Committee
Chair
Board
member
Board
member
EXECUTIVE MANAGEMENT TEAM
David H. Dupuy William G. Monroe IV Leigh Ann Stach
Chief Executive Officer
and President
Executive Vice President
Chief Financial Officer
Executive Vice President
Chief Accounting Officer
COVERING ANALYSTS
A. Goldfarb - Piper Sandler R. Stevenson - Janney Capital Markets
J. Kammert - Evercore ISI B. Oxford - Colliers International Securities
M. Lewis - Truist Securities
PROFESSIONAL SERVICES
Independent Registered Public Accounting Firm Transfer Agent
BDO USA, P.C. Equiniti Trust Company, LLC
501 Commerce Street, Suite 1400 Operations Center
Nashville, TN 37203
6201 15th Avenue
Brooklyn, NY 11219
1-800-937-5449


Community Healthcare Trust
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2Q 2025 | Supplemental Information

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FINANCIAL HIGHLIGHTS
Three Months Ended
2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024
(Unaudited and in thousands, except per share data)
STATEMENTS OF OPERATIONS ITEMS (1)(2)(3)
Revenues $ 29,085  $ 30,078  $ 29,298  $ 29,639  $ 27,516 
Net (loss) income $ (12,557) $ 1,591  $ 1,832  $ 1,749  $ (10,427)
NOI $ 23,500  $ 23,983  $ 23,813  $ 23,653  $ 21,944 
EBITDAre
$ 4,274  $ 18,886  $ 19,020  $ 18,924  $ 6,491 
Adjusted EBITDAre
$ 20,068  $ 21,596  $ 21,617  $ 21,421  $ 19,960 
FFO $ 6,336  $ 12,668  $ 12,745  $ 12,821  $ 11,608 
AFFO $ 13,585  $ 14,739  $ 14,630  $ 14,639  $ 14,281 
Per Diluted Share: (1)(2)(3)
Net (loss) income attributable to common shareholders
$ (0.50) $ 0.03  $ 0.04  $ 0.04  $ (0.42)
FFO $ 0.23  $ 0.47  $ 0.48  $ 0.48  $ 0.43 
AFFO $ 0.50  $ 0.55  $ 0.55  $ 0.55  $ 0.53 
___________
(1) Net loss, FFO and AFFO for the second quarter of 2025 included interest receivable reserves totaling approximately $1.7 million, resulting in a reduction of $0.06 per diluted share for net loss, FFO, and AFFO. Net loss and FFO for the second quarter of 2024 included lease and interest receivable reserves totaling approximately $3.2 million, including straight-line rent of approximately $0.9 million, resulting in a reduction of FFO per diluted share of approximately $0.12 per diluted share. AFFO, which adds back straight-line rent, was reduced by approximately $0.09 per diluted share.
(2) Net loss for the second quarter of 2025 included an $8.7 million credit loss reserve related to notes receivable with a geriatric behavioral hospital tenant that are incidental to the Company's main business. Net loss for the second quarter 2024 included an $11.0 million credit loss reserve related to notes receivable with this tenant.
(3) Net loss and FFO for the second quarter of 2025 included severance and transition-related charges totaling approximately $5.9 million, including approximately $4.6 million of non-cash accelerated amortization of stock-based compensation, which reduced FFO per diluted common share by approximately $0.22.
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Community Healthcare Trust
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2Q 2025 | Supplemental Information

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FINANCIAL HIGHLIGHTS (Continued)
As of
2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024
(Unaudited and dollars in thousands)
BALANCE SHEET ITEMS
ASSETS
Total real estate properties $ 1,158,312  $ 1,148,772  $ 1,145,931  $ 1,135,463  $ 1,120,450 
Total assets $ 966,292  $ 985,114  $ 992,563  $ 981,779  $ 983,196 
CAPITALIZATION
Net debt $ 500,077  $ 496,016  $ 485,955  $ 473,716  $ 457,625 
Total capitalization $ 1,200,858  $ 1,210,874  $ 1,204,529  $ 1,183,615  $ 1,177,230 
Net debt/total capitalization 41.6  % 41.0  % 40.3  % 40.0  % 38.9  %
Market valuation $ 471,766  $ 514,631  $ 542,536  $ 512,599  $ 656,059 
Enterprise value $ 966,980  $ 1,008,376  $ 1,024,107  $ 983,479  $ 1,112,950 
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Community Healthcare Trust
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2Q 2025 | Supplemental Information

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CONSOLIDATED BALANCE SHEETS
As of
2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024
ASSETS
(Unaudited; Dollars and shares in thousands, except per share data)
Real estate properties
Land and land improvements
$ 152,887  $ 149,506  $ 149,501  $ 146,118  $ 143,717 
Buildings, improvements, and lease intangibles
1,004,616  998,933  996,104  989,019  976,415 
Personal property
809  333  326  326  318 
Total real estate properties
1,158,312  1,148,772  1,145,931  1,135,463  1,120,450 
Less accumulated depreciation
(262,961) (253,537) (242,609) (232,747) (221,834)
Total real estate properties, net
895,351  895,235  903,322  902,716  898,616 
Cash and cash equivalents
4,863  2,271  4,384  2,836  734 
Assets held for sale, net 5,465  6,755  6,755  6,351  7,326 
Other assets, net
60,613  80,853  78,102  69,876  76,520 
Total assets
$ 966,292  $ 985,114  $ 992,563  $ 981,779  $ 983,196 
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net
$ 500,077  $ 496,016  $ 485,955  $ 473,716  $ 457,625 
Accounts payable and accrued liabilities
13,944  12,058  14,289  14,422  12,023 
Other liabilities, net
14,451  15,719  16,354  16,489  15,777 
Total liabilities
528,472  523,793  516,598  504,627  485,425 
Commitments and contingencies
Stockholders' Equity
Preferred stock, $0.01 par value; 50,000 shares authorized
—  —  —  —  — 
Common stock, $0.01 par value; 450,000 shares authorized
284  283  282  282  280 
Additional paid-in capital
712,498  706,776  704,524  702,014  699,833 
Cumulative net income
74,709  87,266  85,675  83,843  82,094 
Accumulated other comprehensive gain
9,121  12,402  17,631  10,016  21,490 
Cumulative dividends
(358,792) (345,406) (332,147) (319,003) (305,926)
Total stockholders’ equity
437,820  461,321  475,965  477,152  497,771 
Total liabilities and stockholders' equity
$ 966,292  $ 985,114  $ 992,563  $ 981,779  $ 983,196 
Community Healthcare Trust
Page | 7
2Q 2025 | Supplemental Information

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CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended
2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024
(Unaudited; Dollars and shares in thousands, except per share data)
REVENUES
Rental income
$ 30,128  $ 29,730  $ 28,983  $ 29,335  $ 27,905 
Other operating interest
(1,043) 348  315  304  (389)
29,085  30,078  29,298  29,639  27,516 
EXPENSES
Property operating
5,585  6,095  5,485  5,986  5,572 
        General and administrative (1)(2)
10,559  5,100  4,809  4,935  4,760 
Depreciation and amortization
10,879  10,943  10,797  10,927  10,792 
27,023  22,138  21,091  21,848  21,124 
OTHER (EXPENSE) INCOME
Gains on sale, net of impairments of real estate assets 640  —  14  (140)
Interest expense (6,592) (6,352) (6,405) (6,253) (5,986)
Credit loss reserve (8,672) —  —  —  (11,000)
Interest and other income, net 16  206  307 
$ (14,619) $ (6,349) $ (6,375) $ (6,042) $ (16,819)
NET (LOSS) INCOME $ (12,557) $ 1,591  $ 1,832  $ 1,749  $ (10,427)
NET LOSS (INCOME) PER DILUTED COMMON SHARE $ (0.50) $ 0.03  $ 0.04  $ 0.04  $ (0.42)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
26,803  26,733  26,682  26,660  26,479 
DIVIDENDS DECLARED, PER COMMON SHARE, IN THE PERIOD
$ 0.4700  $ 0.4675  $ 0.4650  $ 0.4625  $ 0.4600 
                                      
(1) GENERAL AND ADMINISTRATIVE EXPENSES:
Non-cash vs. Cash:
     Non-cash (stock-based compensation)
54.3  % 53.1  % 54.0  % 50.6  % 51.9  %
     Cash
45.7  % 46.9  % 46.0  % 49.4  % 48.1  %
As a % of Revenue:
     Non-cash (stock-based compensation)
8.7  % 9.0  % 8.8  % 8.4  % 8.9  %
     Cash
7.3  % 7.9  % 7.5  % 8.2  % 8.3  %
(2) General and administrative expenses for the three months ended June 30, 2025 includes the accelerated amortization of stock-based compensation totaling $4.6 million and severance and transition related expense totaling $1.3 million, recognized upon a termination. These amounts are not included in the calculations above in footnote (1).
Community Healthcare Trust
Page | 8
2Q 2025 | Supplemental Information

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RECONCILIATION OF NON-GAAP MEASURES
FUNDS FROM OPERATIONS (FFO)
ADJUSTED FUNDS FROM OPERATIONS (AFFO)
Three Months Ended
2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024
(Unaudited; Dollars and shares in thousands, except per share data)
NET (LOSS) INCOME (1)(2)(3)
$ (12,557) $ 1,591  $ 1,832  $ 1,749  $ (10,427)
Real estate depreciation and amortization 10,861  11,077  10,927  11,077  10,895 
Credit loss reserve 8,672  —  —  —  11,000 
Gains on sale, net of impairments of real estate assets (640) —  (14) (5) 140 
FFO(1)(3)
$ 6,336  $ 12,668  $ 12,745  $ 12,821  $ 11,608 
Straight-line rent (1,184) (639) (712) (679) 204 
Stock-based compensation 2,531  2,710  2,597  2,497  2,469 
Accelerated amortization of stock-based compensation 4,591  —  —  —  — 
Severance and transition related expenses 1,311  —  —  —  — 
AFFO(1)(3)
$ 13,585  $ 14,739  $ 14,630  $ 14,639  $ 14,281 
FFO PER COMMON SHARE $ 0.23  $ 0.47  $ 0.48  $ 0.48  $ 0.43 
AFFO PER COMMON SHARE $ 0.50  $ 0.55  $ 0.55  $ 0.55  $ 0.53 
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (4)
27,011  27,007  26,786  26,853  26,791 
________________
(1) Net loss, FFO and AFFO for the second quarter of 2025 included interest receivable reserves totaling approximately $1.7 million, resulting in a reduction of $0.06 per diluted share for net loss, FFO, and AFFO. Net loss and FFO for the second quarter of 2024 included lease and interest receivable reserves totaling approximately $3.2 million, including straight-line rent of approximately $0.9 million, resulting in a reduction of FFO per diluted share of approximately $0.12 per diluted share. AFFO, which adds back straight-line rent, was reduced by approximately $0.09 per diluted share.
(2) Net loss for the second quarter of 2025 included an $8.7 million credit loss reserve related to notes receivable with a geriatric behavioral hospital tenant that are incidental to the Company's main business. Net loss for the second quarter 2024 included an $11.0 million credit loss reserve related to notes receivable with this tenant.
(3) Net loss and FFO for the second quarter of 2025 included severance and transition-related charges totaling approximately $5.9 million, including approximately $4.6 million of non-cash accelerated amortization of stock-based compensation, which reduced FFO per diluted common share by approximately $0.22.
(4) Restricted stock awards and Time-Based RSUs are included in the calculation of weighted average common shares outstanding to the extent that they are dilutive. Performance-based RSUs are included in the calculation of weighted average common shares outstanding to the extent that they are in-the-money as of the end of the reporting period and are dilutive.
AFFO, ADJUSTED FOR ACQUISITIONS (1)
AFFO $ 13,585  $ 14,739  $ 14,630  $ 14,639  $ 14,281 
Revenue on Properties Acquired in the period (2)
122  —  205  34  98 
Property operating expense adjustment (2)
—  —  (48) (2) (10)
Interest expense adjustment (3)
—  (41) (44) (10) (28)
AFFO, ADJUSTED FOR ACQUISITIONS $ 13,707  $ 14,698  $ 14,743  $ 14,661  $ 14,341 
                                   
(1) AFFO is adjusted to reflect acquisitions as if they had occurred on the first day of the applicable period.
(2) Revenue and expense adjustments are calculated based on expected returns and leases in place at acquisition.
(3) The interest expense adjustment was calculated using the weighted average interest rate on the Company's revolving credit facility.
AMORTIZATION OF STOCK-BASED COMPENSATION
Amortization Required by GAAP (1)(2)
$ 2,531  $ 2,710  $ 2,597  $ 2,498  $ 2,153 
Amortization Based on Legal Vesting Periods (2)
2,035  2,208  2,073  2,019  1,782 
Acceleration of Amortization $ 496  $ 502  $ 524  $ 479  $ 371 
                                   
(1) GAAP requires that deferred compensation be amortized over the earlier of the vesting or retirement eligibility date.
(2) Amortization amounts for the second quarter of 2025 do not include the accelerated amortization of stock-based compensation totaling $4.6 million recognized upon a termination.
Community Healthcare Trust
Page | 9
2Q 2025 | Supplemental Information

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RECONCILIATION OF NON-GAAP MEASURES (CONTINUED)
NET OPERATING INCOME (NOI)
Three Months Ended
2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024
(Unaudited; Dollars and shares in thousands, except per share data)
NET OPERATING INCOME
Net (loss) income (1)(2)
$ (12,557) $ 1,591  $ 1,832  $ 1,749  $ (10,427)
General and administrative(3)
4,657  5,100  4,809  4,935  4,760 
Severance and transition-related compensation 5,902  —  —  —  — 
Depreciation and amortization 10,879  10,943  10,797  10,927  10,792 
Gains on sale, net of impairments of real estate assets (640) —  (14) (5) 140 
Credit loss reserve 8,672  —  —  —  11,000 
Interest expense 6,592  6,352  6,405  6,253  5,986 
Interest and other income, net (5) (3) (16) (206) (307)
NOI $ 23,500  $ 23,983  $ 23,813  $ 23,653  $ 21,944 
EBITDAre and ADJUSTED EBITDAre
EBITDAre
Net (loss) income (1)(2)
$ (12,557) $ 1,591  $ 1,832  $ 1,749  $ (10,427)
Interest expense 6,592  6,352  6,405  6,253  5,986 
Depreciation and amortization 10,879  10,943  10,797  10,927  10,792 
Gains on sale, net of impairments of real estate assets (640) —  (14) (5) 140 
EBITDAre
$ 4,274  $ 18,886  $ 19,020  $ 18,924  $ 6,491 
Non-cash stock-based compensation expense 2,531  2,710  2,597  2,497  2,469 
Accelerated amortization of stock-based compensation 4,591  —  —  —  — 
Credit loss reserve 8,672  —  —  —  11,000 
ADJUSTED EBITDAre
$ 20,068  $ 21,596  $ 21,617  $ 21,421  $ 19,960 
ADJUSTED EBITDAre ANNUALIZED (4)
$ 80,272 

(1)
During the second quarter of 2025, the Company reversed interest totaling approximately $1.7 million related to a tenant. Net loss for the three months ended June 30, 2024 also included the reversal of rent and interest related to this tenant, totaling approximately $3.2 million, including straight-line rent of approximately $0.9 million.
(2) During the second quarter of 2025 the Company recorded severance and transition-related charges totaling approximately $5.9 million related to the termination of an employee, including approximately $4.6 of million non-cash accelerated amortization of stock-based compensation.
(3) Severance and transition-related compensation, which is included in general and administrative expenses on the income statement, is shown separately in the reconciliation above for the second quarter of 2025.
(4)
Adjusted EBITDAre multiplied by 4. This annualized amount may differ significantly from the actual full year results.



Community Healthcare Trust
Page | 10
2Q 2025 | Supplemental Information

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WEIGHTED AVERAGE SHARES
Three Months Ended
2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024
(Unaudited; Dollars and shares in thousands, except per share data)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (1)
Weighted average common shares outstanding 28,364  28,324  28,242  28,168  27,879 
Unvested restricted shares
(1,561) (1,591) (1,560) (1,508) (1,400)
Weighted average common shares outstanding - EPS
26,803  26,733  26,682  26,660  26,479 
Weighted average common shares outstanding - FFO Basic
26,803  26,733  26,682  26,660  26,479 
Potential dilutive common shares (from below) 208  274  104  193  312 
Weighted average common shares outstanding - FFO Diluted 27,011  27,007  26,786  26,853  26,791 
TREASURY SHARE CALCULATION
Unrecognized deferred compensation-end of period $ 19,919  $ 25,420  $ 25,220  $ 27,575  $ 26,764 
Unrecognized deferred compensation-beginning of period $ 25,420  $ 25,668  $ 27,575  $ 26,168  $ 27,752 
Average unrecognized deferred compensation $ 22,670  $ 25,544  $ 26,398  $ 26,872  $ 27,258 
Average share price per share $ 16.50  $ 19.08  $ 18.13  $ 20.44  $ 24.30 
Treasury shares 1,374  1,339  1,456  1,315  1,122 
Unvested restricted shares (1,561) (1,591) (1,560) (1,508) (1,400)
Unvested restricted share units (21) (22) —  —  (34)
Treasury shares 1,374  1,339  1,456  1,315  1,122 
Potential dilutive common shares 208  274  104  193  312 
(1) Restricted stock awards and time-based RSUs are included in the calculation of weighted average common shares outstanding if dilutive. Performance-based RSUs are included in the calculation of weighted average common shares outstanding to the extent that they in-the-money as of the end of the reporting period and are dilutive.
Community Healthcare Trust
Page | 11
2Q 2025 | Supplemental Information

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DEBT SUMMARY
As of June 30, 2025
Principal
Balance
Stated
Rate
Hedged
Rate
(in thousands)
Revolving credit facility (1)
$ 226,000  5.99% 3.84% (partial)
Term loan A-4 125,000  3.60%
Term loan A-5 150,000  5.61%
Debt 501,000 
Deferred Financing Costs, net (923)
Debt, net $ 500,077 
(1) Interest rate swaps previously entered into to fix the interest rates on the A-3 Term Loan will remain in place on the Revolving Credit Facility through their maturity on March 29, 2026.
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Select Covenants Required
As of June 30, 2025
Leverage ratio ≤ 60.0% 42.4  %
Fixed charge coverage ratio ≥ 1.50x 3.0
Tangible net worth (in thousands) ≥ $504,476 $679,724
Secured indebtedness ≤ 30.0% —  %
Minimum debt service coverage ratio ≥ 2.0 3.3
Community Healthcare Trust
Page | 12
2Q 2025 | Supplemental Information

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2025 PROPERTY INVESTMENTS
Property Market Property
Type
Date
Acquired
% Leased at Acquisition
Purchase
 Price
(in thousands)
Square Feet
TRT Recovery Cartersville, GA BSF
3/6/2025 (1)
100.0  % $ 9,504  38,339 
100.0  % $ 9,504  38,339 
(1) The date acquired for the Cartersville, GA property is the date the Company closed on the transaction with the seller. The lease commenced on 4/4/2025.


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Community Healthcare Trust
Page | 13
2Q 2025 | Supplemental Information

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PORTFOLIO DIVERSIFICATION
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Property Type Annualized Rent (%)
Medical Office Building (MOB) 36.3  %
Inpatient Rehabilitation Facilities (IRF) 19.4  %
Acute Inpatient Behavioral (AIB) 13.0  %
Specialty Centers (SC) 10.2  %
Physician Clinics (PC) 8.4  %
Behavioral Specialty Facilities (BSF) 6.7  %
Surgical Centers and Hospitals (SCH) 3.9  %
Long-term Acute Care Hospitals (LTACH) 2.1  %
Total 100.0  %
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State Annualized
Rent (%)
Texas (TX) 16.9  %
Illinois (IL) 11.7  %
Ohio (OH) 9.8  %
Florida (FL) 8.1  %
Pennsylvania (PA) 5.9  %
All Others 47.6  %
Total 100.0  %


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Tenant Annualized
Rent (%)
LifePoint Health (LifePoint) 8.8  %
US Healthvest 7.5  %
Assurance Health (Assurance) 3.0  %
Summit Behavioral Healthcare (Summit) 3.0  %
Post Acute Medical (PAM) 2.8  %
Worcester Behavioral Innovations Hospital (Worcester) 2.5  %
Oceans Behavioral (Oceans) 2.4  %
Blue Cross Blue Shield of Louisiana (BCBS of LA) 2.3  %
Radiology Regional 2.2  %
UPMC - University of Pittsburgh Medical Center (UPMC) 2.2  %
All Others 63.3  %
Total 100.0  %
            
Community Healthcare Trust
Page | 14
2Q 2025 | Supplemental Information

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LEASE EXPIRATIONS
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Total Leased Sq. Ft. Annualized Rent
Year Number of
Leases Expiring
Amount
(thousands)
Percent (%)
Amount ($)
(thousands)
Percent (%)
2025 26  203  5.0  % $ 4,870  4.5  %
2026 82  594  14.6  % 13,182  12.2  %
2027 63  363  8.9  % 7,591  7.0  %
2028 62  398  9.8  % 8,468  7.8  %
2029 42  352  8.7  % 8,961  8.3  %
2030 28  199  4.9  % 4,874  4.5  %
2031 25  363  8.9  % 10,064  9.3  %
2032 18  169  4.2  % 2,784  2.6  %
2033 14  80  2.0  % 1,549  1.4  %
2034 21  304  7.5  % 11,832  10.9  %
Thereafter 38  981  24.1  % 32,464  30.1  %
Month-to-Month 18  57  1.4  % 1,485  1.4  %
Totals 437  4,063  100.0  % $ 108,124  100.0  %
Total portfolio was approximately 90.7% leased in the aggregate, excluding real estate assets held for sale, at June 30, 2025 with lease expirations ranging from 2025 through 2045.

Community Healthcare Trust
Page | 15
2Q 2025 | Supplemental Information

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PROPERTY LOCATIONS
                                                                            
Approximately 50% of our property revenues are in MSAs with populations over 1,000,000 and approximately 92% are in statistical areas with populations over 100,000.
Property Name Property Type Area % of Square Feet Annualized
Rent ($000's)
% of Annualized
 Rent
Population MSA/MISA Rank
Lancaster MOB MOB 10,646  0.24  % $ 124.8  0.12  % 12,927,614  Los Angeles-Long Beach-Anaheim, CA 2
Congress Medical Building 350 MOB 17,543  0.39  % $ 417.6  0.39  % 9,408,576  Chicago-Naperville-Elgin, IL-IN 3
Congress Medical Building 390 MOB 30,855  0.68  % $ 476.7  0.44  % 9,408,576  Chicago-Naperville-Elgin, IL-IN 3
Future Diagnostics Group SC 8,876  0.20  % $ 314.2  0.29  % 9,408,576  Chicago-Naperville-Elgin, IL-IN 3
Gurnee Medical Office Building MOB 22,968  0.51  % $ 305.2  0.28  % 9,408,576  Chicago-Naperville-Elgin, IL-IN 3
New Lenox Medical Clinic PC 7,905  0.17  % $ 385.0  0.36  % 9,408,576  Chicago-Naperville-Elgin, IL-IN 3
Morris Medical Center MOB 18,470  0.41  % $ 638.7  0.59  % 9,408,576  Chicago-Naperville-Elgin, IL-IN 3
Oak Lawn Medical Plaza MOB 33,356  0.74  % $ 460.7  0.43  % 9,408,576  Chicago-Naperville-Elgin, IL-IN 3
Lincolnwood Medical Building PC 14,863  0.33  % $ 317.0  0.29  % 9,408,576  Chicago-Naperville-Elgin, IL-IN 3
Joliet Medical Building SC 44,888  0.99  % $ 1,474.9  1.36  % 9,408,576  Chicago-Naperville-Elgin, IL-IN 3
Endeavor Health PC 13,700  0.30  % $ 284.3  0.26  % 9,408,576  Chicago-Naperville-Elgin, IL-IN 3
Skin MD PC 13,565  0.30  % $ 526.3  0.49  % 9,408,576  Chicago-Naperville-Elgin, IL-IN 3
Chicago Behavioral Hospital AIB 85,000  1.88  % $ 2,270.7  2.10  % 9,408,576  Chicago-Naperville-Elgin, IL-IN 3
US HealthVest - Lake AIB 83,658  1.85  % $ 3,009.0  2.78  % 9,408,576  Chicago-Naperville-Elgin, IL-IN 3
Texas Rehabilitation Hospital of Fort Worth, LLC IRF 39,761  0.88  % $ 2,068.5  1.91  % 8,344,032  Dallas-Fort Worth-Arlington, TX 4
Bayside Medical Center MOB 50,593  1.12  % $ 1,121.5  1.04  % 7,796,182  Houston-Pasadena-The Woodlands, TX 5
Gessner Road MOB MOB 14,347  0.32  % $ 361.5  0.33  % 7,796,182  Houston-Pasadena-The Woodlands, TX 5
Clear Lake Institute for Rehabilitation IRF 55,646  1.23  % $ 3,060.7  2.83  % 7,796,182  Houston-Pasadena-The Woodlands, TX 5
Clinton Towers MOB MOB 37,344  0.83  % $ 976.8  0.90  % 6,436,603  Washington-Arlington-Alexandria, DC-VA-MD-WV 7
2301 Research Boulevard MOB 93,079  2.06  % $ 1,916.7  1.77  % 6,436,489  Washington-Arlington-Alexandria, DC-VA-MD-WV 7
TRT Recovery Cartersville, LLC BSF 38,339  0.85  % $ 524.4  0.48  % 6,411,149  Atlanta-Sandy Springs-Roswell, GA 8
Haddon Hill Professional Center MOB 25,118  0.56  % $ 239.2  0.22  % 6,330,422  Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 9
Hopebridge - Westlake BSF 15,057  0.33  % $ 235.9  0.22  % 6,330,422  Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 9
Continuum Wellness Center MOB 8,227  0.18  % $ 168.4  0.16  % 5,186,958  Phoenix-Mesa-Chandler, AZ 10
Virtuous Health Center SCH 11,722  0.26  % $ 136.6  0.13  % 5,186,958  Phoenix-Mesa-Chandler, AZ 10
Desert Mtn Health Center BSF 14,046  0.31  % $ 532.8  0.49  % 5,186,958  Phoenix-Mesa-Chandler, AZ 10
Associated Surgical Center of Dearborn SCH 12,400  0.27  % $ 369.5  0.34  % 4,400,578  Detroit-Warren-Dearborn, MI 14
Berry Surgical Center SCH 27,217  0.60  % $ 640.2  0.59  % 4,400,578  Detroit-Warren-Dearborn, MI 14
Community Healthcare Trust
Page | 16
2Q 2025 | Supplemental Information

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Property Name Property Type Area % of Square Feet Annualized
Rent ($000's)
% of Annualized
 Rent
Population MSA/MISA Rank
Smokey Point Behavioral Hospital AIB 70,100  1.55  % $ 2,814.4  2.60  % 4,145,494  Seattle-Tacoma-Bellevue, WA 15
Sanford Health Bemidji 1611 MOB 45,800  1.01  % $ 1,569.2  1.45  % 3,757,952  Minneapolis-St. Paul-Bloomington, MN-WI 16
Sanford Health Bemidji 1705 MOB 28,900  0.64  % $ 636.8  0.59  % 3,757,952  Minneapolis-St. Paul-Bloomington, MN-WI 16
Bay Area Physicians Center MOB 17,943  0.40  % $ 414.0  0.38  % 3,424,560  Tampa-St. Petersburg-Clearwater, FL 17
Sanderling Dialysis Center - 2102 SC 11,300  0.25  % $ 438.9  0.41  % 3,298,799  San Diego-Chula Vista-Carlsbad, CA 18
Liberty Dialysis SC 8,450  0.19  % $ 262.9  0.24  % 3,052,498  Denver-Aurora-Centennial, CO 19
Bassin Center For Plastic-Surgery-Villages PC 2,894  0.06  % $ 178.5  0.17  % 2,940,513  Orlando-Kissimmee-Sanford, FL 20
Bassin Center For Plastic Surgery-Orlando PC 2,420  0.05  % $ 149.3  0.14  % 2,940,513  Orlando-Kissimmee-Sanford, FL 20
Kissimmee Medical Plaza PC 4,902  0.11  % $ —  —  % 2,940,513  Orlando-Kissimmee-Sanford, FL 20
Orthopaedic Associates of Osceola PC 15,167  0.34  % $ 368.3  0.34  % 2,940,513  Orlando-Kissimmee-Sanford, FL 20
Medical Village at Wintergarden MOB 21,532  0.48  % $ 624.6  0.58  % 2,940,513  Orlando-Kissimmee-Sanford, FL 20
Waters Edge Medical MOB 23,388  0.52  % $ 402.3  0.37  % 2,859,024  Baltimore-Columbia-Towson, MD 22
Northbay Professional Pavilion MOB 19,656  0.43  % $ 487.1  0.45  % 2,859,024  Baltimore-Columbia-Towson, MD 22
Righttime Medical Care SC 6,236  0.14  % $ 359.5  0.33  % 2,859,024  Baltimore-Columbia-Towson, MD 22
Belleville Medical Office PC 6,487  0.14  % $ —  —  % 2,811,927  St. Louis, MO-IL 23
Eyecare Partners - 1310 PC 5,560  0.12  % $ 54.2  0.05  % 2,811,927  St. Louis, MO-IL 23
Eyecare Partners - 3990 SCH 16,608  0.37  % $ 310.6  0.29  % 2,811,927  St. Louis, MO-IL 23
Eyecare Partners - 204 PC 6,311  0.14  % $ 50.7  0.05  % 2,811,927  St. Louis, MO-IL 23
Heartland Women's Healthcare of Advantia Shiloh PC 16,212  0.36  % $ 357.7  0.33  % 2,811,927  St. Louis, MO-IL 23
Heartland Women's Healthcare of Advantia Wentzville PC 7,900  0.17  % $ 137.0  0.13  % 2,811,927  St. Louis, MO-IL 23
Baptist Health PC 13,500  0.30  % $ 376.1  0.35  % 2,763,006  San Antonio-New Braunfels, TX 24
San Antonio Head & Neck Surgical Associates PC 6,500  0.14  % $ 195.5  0.18  % 2,763,006  San Antonio-New Braunfels, TX 24
Rehabilitation Institute of South San Antonio IRF 38,000  0.84  % $ 2,170.6  2.01  % 2,763,006  San Antonio-New Braunfels, TX 24
JDH Professional Building MOB 12,376  0.27  % $ 261.9  0.24  % 2,763,006  San Antonio-New Braunfels, TX 24
The Heart & Vascular Center PC 15,878  0.35  % $ 315.5  0.29  % 2,429,917  Pittsburgh, PA 28
Butler Medical Center MOB 10,116  0.22  % $ 273.3  0.25  % 2,429,917  Pittsburgh, PA 28
Forefront Dermatology Building PC 15,650  0.35  % $ 362.9  0.34  % 2,429,917  Pittsburgh, PA 28
Greentree Primary Care MOB 34,077  0.75  % $ 890.9  0.82  % 2,429,917  Pittsburgh, PA 28
Vascular Access Centers of Southern Nevada SC 4,800  0.11  % $ 127.5  0.12  % 2,398,871  Las Vegas-Henderson-North Las Vegas, NV 29
Assurance Health System - 11690 BSF 14,381  0.32  % $ 588.7  0.54  % 2,302,815  Cincinnati, OH-KY-IN 30
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Property Name Property Type Area % of Square Feet Annualized
Rent ($000's)
% of Annualized
 Rent
Population MSA/MISA Rank
Cavalier Medical & Dialysis Center MOB 17,614  0.39  % $ 221.7  0.21  % 2,302,815  Cincinnati, OH-KY-IN 30
51 Cavalier Blvd MOB 17,935  0.40  % $ 180.9  0.17  % 2,302,815  Cincinnati, OH-KY-IN 30
Anderson Ferry Plaza MOB 43,791  0.97  % $ 562.0  0.52  % 2,302,815  Cincinnati, OH-KY-IN 30
Liberty Rehabilitation Hospital IRF 37,720  0.83  % $ 2,518.8  2.33  % 2,302,815  Cincinnati, OH-KY-IN 30
Florence Medical Building MOB 17,845  0.39  % $ 259.4  0.24  % 2,302,815  Cincinnati, OH-KY-IN 30
Prairie Star Medical Facility I MOB 24,724  0.55  % $ 638.2  0.59  % 2,253,579  Kansas City, MO-KS 31
Prairie Star Medical Facility II MOB 24,840  0.55  % $ 153.2  0.14  % 2,253,579  Kansas City, MO-KS 31
Ravines Edge MOB 16,751  0.37  % $ 265.7  0.25  % 2,225,377  Columbus, OH 32
Hope Valley Recovery - Circleville BSF 7,787  0.17  % $ 82.6  0.08  % 2,225,377  Columbus, OH 32
Hopebridge - Columbus BSF 13,969  0.31  % $ 175.2  0.16  % 2,225,377  Columbus, OH 32
Sedalia Medical Center MOB 19,426  0.43  % $ 342.8  0.32  % 2,225,377  Columbus, OH 32
Assurance Health, LLC BSF 10,200  0.23  % $ 383.9  0.36  % 2,174,833  Indianapolis-Carmel-Greenwood, IN 33
Assurance Health System - 900 BSF 13,722  0.30  % $ 523.8  0.48  % 2,174,833  Indianapolis-Carmel-Greenwood, IN 33
Kindred Hospital Indianapolis North LTACH 37,270  0.82  % $ 1,652.4  1.53  % 2,174,833  Indianapolis-Carmel-Greenwood, IN 33
Brook Park Medical Building MOB 18,444  0.41  % $ 291.8  0.27  % 2,171,877  Cleveland, OH 34
Smith Road MOB 16,802  0.37  % $ 326.4  0.30  % 2,171,877  Cleveland, OH 34
Assurance - Hudson BSF 13,290  0.29  % $ 586.6  0.54  % 2,171,877  Cleveland, OH 34
Rockside Medical Center MOB 55,316  1.22  % $ 438.4  0.41  % 2,171,877  Cleveland, OH 34
Virginia Orthopaedic & Spine Specialists PC 8,445  0.19  % $ 159.3  0.15  % 1,794,278  Virginia Beach-Chesapeake-Norfolk, VA-NC 37
LTAC Hospital of SE Massachusetts LTACH 70,657  1.56  % $ 646.4  0.60  % 1,700,901  Providence-Warwick, RI-MA 39
Warwick Oncology Center SC 10,236  0.23  % $ 317.3  0.29  % 1,700,901  Providence-Warwick, RI-MA 39
South County Hospital PC 13,268  0.29  % $ 323.9  0.30  % 1,700,901  Providence-Warwick, RI-MA 39
Warwick Medical Office PC 7,340  0.16  % $ —  —  % 1,700,901  Providence-Warwick, RI-MA 39
Mercy Rehabilitation Hospital IRF 39,637  0.88  % $ 2,068.5  1.91  % 1,497,821  Oklahoma City, OK 42
Memphis Center MOB 11,669  0.26  % $ 241.7  0.22  % 1,339,345  Memphis, TN-MS-AR 45
Sanderling Dialysis Center - 7710 SC 10,133  0.22  % $ 584.8  0.54  % 1,339,345  Memphis, TN-MS-AR 45
Gardendale MOB MOB 12,956  0.29  % $ 325.6  0.30  % 1,192,583  Birmingham, AL 47
Glastonbury MOB 48,375  1.07  % $ 949.2  0.88  % 1,169,048  Hartford-West Hartford-East Hartford, CT 50
Sterling Medical Center MOB 28,478  0.63  % $ 524.5  0.49  % 1,160,172  Buffalo-Cheektowaga, NY 51
Los Alamos Professional Plaza MOB 43,395  0.96  % $ 422.2  0.39  % 914,820  McAllen-Edinburg-Mission, TX 64
UMass Memorial Health Cancer Center SC 20,046  0.44  % $ 844.8  0.78  % 881,248  Worcester, MA 68
Worcester Behavioral AIB 81,972  1.81  % $ 2,772.2  2.56  % 881,248  Worcester, MA 68
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Property Name Property Type Area % of Square Feet Annualized
Rent ($000's)
% of Annualized
 Rent
Population MSA/MISA Rank
El Paso Rehabilitation Hospital IRF 38,000  0.84  % $ 2,170.6  2.01  % 879,392  El Paso, TX 69
Columbia Gastroenterology Surgery Center PC 17,016  0.38  % $ 349.8  0.32  % 870,193  Columbia, SC 70
Genesis Care - Bonita Springs SC 4,445  0.10  % $ 297.0  0.27  % 860,959  Cape Coral-Fort Myers, FL 72
Cape Coral Suite 3 SC 12,130  0.27  % $ 463.9  0.43  % 860,959  Cape Coral-Fort Myers, FL 72
Cape Coral Suite 3A MOB 2,023  0.04  % $ 40.2  0.04  % 860,959  Cape Coral-Fort Myers, FL 72
Cape Coral Suite 5 & 6 MOB 6,379  0.14  % $ 104.3  0.10  % 860,959  Cape Coral-Fort Myers, FL 72
Colonial Blvd Office SC 46,356  1.02  % $ —  —  % 860,959  Cape Coral-Fort Myers, FL 72
Corporate Office 3660 MOB 22,104  0.49  % $ 639.0  0.59  % 860,959  Cape Coral-Fort Myers, FL 72
Corporate Annex Building MOB 16,000  0.35  % $ 319.4  0.30  % 860,959  Cape Coral-Fort Myers, FL 72
Wildwood Hammock RPET Facility SC 10,832  0.24  % $ 442.0  0.41  % 860,959  Cape Coral-Fort Myers, FL 72
Wildwood Hammock - Diagnostic Imaging SC 9,376  0.21  % $ 417.8  0.39  % 860,959  Cape Coral-Fort Myers, FL 72
Wildwood Hammock - Northland MOB 1,201  0.03  % $ 13.8  0.01  % 860,959  Cape Coral-Fort Myers, FL 72
Eye Health of America 4101 MOB 43,322  0.96  % $ 1,015.6  0.94  % 860,959  Cape Coral-Fort Myers, FL 72
Eye Health of America 2665 MOB 3,200  0.07  % $ 55.6  0.05  % 860,959  Cape Coral-Fort Myers, FL 72
Eye Health of America 1320 MOB 6,757  0.15  % $ 80.9  0.07  % 860,959  Cape Coral-Fort Myers, FL 72
Parkway Professional Plaza MOB 41,909  0.93  % $ 1,000.3  0.93  % 852,878  Lakeland-Winter Haven, FL 73
Davita Turner Road SC 18,125  0.40  % $ 365.4  0.34  % 821,740  Dayton-Kettering-Beavercreek, OH 76
Davita Springboro Pike SC 10,510  0.23  % $ 188.7  0.17  % 821,740  Dayton-Kettering-Beavercreek, OH 76
Davita Business Center Court SC 12,988  0.29  % $ 237.6  0.22  % 821,740  Dayton-Kettering-Beavercreek, OH 76
Mercy One Physicians Clinic PC 17,318  0.38  % $ 406.2  0.38  % 753,913  Des Moines-West Des Moines, IA 82
Daytona Medical Office MOB 20,193  0.45  % $ 378.1  0.35  % 739,516  Deltona-Daytona Beach-Ormond Beach, FL 83
Debary Professional Plaza MOB 21,874  0.48  % $ 298.3  0.28  % 739,516  Deltona-Daytona Beach-Ormond Beach, FL 83
UW Health Clinic- Portage PC 14,000  0.31  % $ 335.6  0.31  % 707,606  Madison, WI 85
Novus Clinic SCH 14,315  0.32  % $ 305.2  0.28  % 702,209  Akron, Oh 87
Aurora Health Center PC 11,000  0.24  % $ —  —  % 702,209  Akron, Oh 87
Cypress Medical Center MOB 39,746  0.88  % $ 238.8  0.22  % 661,217  Wichita, KS 89
Family Medicine East PC 16,581  0.37  % $ 341.6  0.32  % 661,217  Wichita, KS 89
Wichita Medical Clinic PC 18,681  0.41  % $ —  —  % 661,217  Wichita, KS 89
Bassin Center For Plastic Surgery-Melbourne PC 5,228  0.12  % $ 322.5  0.30  % 658,447  Palm Bay-Melbourne-Titusville, FL 90
Pennsylvania Gastroenterology PC 20,400  0.45  % $ 587.4  0.54  % 615,361  Harrisburg-Carlisle, PA 94
Penn State Health - Camp Hill SC 8,400  0.19  % $ 183.6  0.17  % 615,361  Harrisburg-Carlisle, PA 94
Penn State Health - Harrisburg SC 10,000  0.22  % $ 197.9  0.18  % 615,361  Harrisburg-Carlisle, PA 94
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Property Name Property Type Area % of Square Feet Annualized
Rent ($000's)
% of Annualized
 Rent
Population MSA/MISA Rank
Mercy Rehabilitation Hospital - Northwest Arkansas IRF 38,817  0.86  % $ 2,296.1  2.12  % 605,615  Fayetteville-Springdale-Rogers, AR 96
Perrysburg Medical Arts Building MOB 26,585  0.59  % $ 502.3  0.46  % 601,396  Toledo, OH 98
Sunforest Ct Medical Center MOB 23,368  0.52  % $ 332.8  0.31  % 601,396  Toledo, OH 98
Assurance - Toledo BSF 13,290  0.29  % $ 551.3  0.51  % 601,396  Toledo, OH 98
Granite Circle MOB 17,164  0.38  % $ 241.0  0.22  % 601,396  Toledo, OH 98
Cardiology Associates of Greater Waterbury PC 16,793  0.37  % $ 348.5  0.32  % 576,718  New Haven, CT 100
Eynon Surgery Center SCH 6,500  0.14  % $ —  —  % 574,009  Scranton--Wilkes-Barre, PA 102
Riverview Medical Center MOB 26,427  0.58  % $ 397.4  0.37  % 574,009  Scranton--Wilkes-Barre, PA 102
NEI - 200 MOB 22,743  0.50  % $ 409.4  0.38  % 574,009  Scranton--Wilkes-Barre, PA 102
NEI - 204 MOB 15,768  0.35  % $ 236.4  0.22  % 574,009  Scranton--Wilkes-Barre, PA 102
Grandview Plaza MOB 20,042  0.44  % $ 315.8  0.29  % 563,293  Lancaster, PA 104
Pinnacle Health PC 10,753  0.24  % $ 250.0  0.23  % 563,293  Lancaster, PA 104
Manteca Medical Group Building MOB 10,519  0.23  % $ 323.5  0.30  % 556,972  Modesto, CA 105
Treasure Coast Medical Pavilion MOB 55,844  1.23  % $ 943.2  0.87  % 556,336  Port St. Lucie, FL 106
Gulf Coast Cancer Centers-Brewton SC 3,971  0.09  % $ —  —  % 542,297  Huntsville, AL 107
Temple Rehabilitation Hospital IRF 38,817  0.86  % $ 2,314.5  2.14  % 509,487  Killeen-Temple, TX 110
Martin Foot & Ankle Clinic PC 27,100  0.60  % $ 431.7  0.40  % 471,240  York-Hanover, PA 116
UPMC Specialty Care MOB 25,982  0.57  % $ 453.4  0.42  % 426,086  Youngstown-Warren, OH 131
Biltmore Medical Office SC 11,099  0.25  % $ 222.4  0.21  % 422,333  Asheville, NC 132
Genesis Care - Weaverville SC 10,696  0.24  % $ 469.8  0.43  % 422,333  Asheville, NC 132
Lafayette Behavioral BSF 31,650  0.70  % $ 1,684.9  1.56  % 419,704  Lafayette, LA 133
Belden Medical Arts Building MOB 47,366  1.05  % $ 506.7  0.47  % 400,551  Canton-Massillon, OH 139
Hills & Dales Professional Center MOB 27,920  0.62  % $ 351.6  0.33  % 400,551  Canton-Massillon, OH 139
Prattville Town Center Medical Office Bldg MOB 13,319  0.29  % $ 281.1  0.26  % 387,885  Montgomery, AL 145
Wellmont Bristol Urgent Care SC 4,548  0.10  % $ 78.5  0.07  % 313,876  Kingsport-Bristol, TN-VA 167
Steeles Road Medical Building PC 10,804  0.24  % $ 187.8  0.17  % 313,876  Kingsport-Bristol, TN-VA 167
Bluewater Orthopedics Center MOB 10,255  0.23  % $ 223.8  0.21  % 310,149  Crestview-Fort Walton Beach-Destin, FL 169
Londonderry Centre MOB 21,115  0.47  % $ 377.4  0.35  % 307,123  Waco, TX 171
Westlake Medical Office MOB 14,100  0.31  % $ 238.3  0.22  % 307,123  Waco, TX 171
Longview Rehabilitation Hospital IRF 38,817  0.86  % $ 2,314.5  2.14  % 295,490  Longview, TX 174
Gulf Coast Cancer Centers-Foley SC 6,146  0.14  % $ 174.7  0.16  % 261,608  Daphne-Fairhope-Foley, AL 193
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Property Name Property Type Area % of Square Feet Annualized
Rent ($000's)
% of Annualized
 Rent
Population MSA/MISA Rank
Gulf Shores Building SC 6,398  0.14  % $ 51.3  0.05  % 261,608  Daphne-Fairhope-Foley, AL 193
Monroe Surgical Hospital SCH 58,121  1.28  % $ 2,473.6  2.29  % 221,921  Monroe, LA 215
Ft. Valley Dialysis Center SC 4,920  0.11  % $ 87.0  0.08  % 204,110  Warner Robins, GA 231
Meridian Behavioral Health Systems AIB 132,430  2.93  % $ 3,199.5  2.96  % 202,091  Charleston, WV 232
Tuscola Professional Building MOB 25,500  0.56  % $ 622.4  0.58  % 187,714  Saginaw, MI 241
Kedplasma SC 12,870  0.28  % $ 272.1  0.25  % 183,040  Burlington, NC 245
Redding Oncology Center SC 12,206  0.27  % $ 623.8  0.58  % 181,121  Redding, CA 250
Decatur Morgan Hospital Medical Office Building MOB 35,933  0.79  % $ 581.3  0.54  % 159,651  Decatur, AL 273
Bourbonnais Medical Center MOB 54,894  1.21  % $ 815.7  0.75  % 106,410  Kankakee, IL 351
Parkside Family & Davita Clinics MOB 15,637  0.35  % $ 220.9  0.20  % 99,170  Victoria, TX 366
Cub Lake Square MOB 48,993  1.08  % $ 808.9  0.75  % 109,516  Show Low, AZ N/A
Cub Lake Square - Building B MOB —  —  % $ —  —  % 109,516  Show Low, AZ N/A
Emory Southern Orthopedics - 1801 MOB 2,972  0.07  % $ 62.7  0.06  % 105,326  LaGrange, GA-AL N/A
Emory Healthcare - 1610 MOB 5,600  0.12  % $ 84.5  0.08  % 105,326  LaGrange, GA-AL N/A
Nesbitt Place MOB 56,003  1.24  % $ 1,097.8  1.02  % 84,233  Lawrence County, PA N/A
Davita Etowah Dialysis Center SC 4,720  0.10  % $ 70.1  0.06  % 70,691  Athens, TN N/A
Marion Medical Plaza MOB 27,246  0.60  % $ 388.3  0.36  % 64,976  Marion, OH N/A
Corsicana Medical Plaza MOB 17,746  0.39  % $ 369.2  0.34  % 56,533  Corsicana, TX N/A
Pahrump Medical Plaza MOB 12,545  0.28  % $ 499.9  0.46  % 55,990  Pahrump, NV N/A
Arkansas Valley Surgery Center MOB 10,853  0.24  % $ 234.6  0.22  % 50,093  Cañon City, CO N/A
Sanford West Behavioral Facility BSF 96,886  2.14  % $ 1,383.0  1.28  % 45,442  Grand Rapids, MN N/A
Fremont Medical Office Building & Surgery Ctr MOB 13,050  0.29  % $ 337.4  0.31  % 37,884  Fremont, NE N/A
Baylor Scott & White Clinic PC 37,354  0.83  % $ 495.6  0.46  % 37,810  Brenham, TX N/A
Eyecare Partners - 408 PC 8,421  0.19  % $ 134.3  0.12  % 36,437  Centralia, IL N/A
Ottumwa Medical Clinic - 1005 MOB 68,895  1.52  % $ 760.9  0.70  % 35,681  Ottumwa, IA N/A
Ottumwa Medical Clinic - 1007 MOB 6,850  0.15  % $ 94.3  0.09  % 35,681  Ottumwa, IA N/A
Fresenius Gallipolis Dialysis Center SC 15,110  0.33  % $ 160.2  0.15  % 28,886  Gallipolis, OH N/A
Sanderling Dialysis Center - 780 SC 4,186  0.09  % $ 312.4  0.29  % 27,009  Crescent City, CA N/A
Princeton Cancer Center SC 7,236  0.16  % $ 204.4  0.19  % County: 58,758 Rural - No CBSA N/A
Andalusia Medical Plaza SC 10,373  0.23  % $ 294.4  0.27  % County: 37,049 Rural - No CBSA N/A
North Mississippi Health Services - 1107 MOB 17,629  0.39  % $ 99.8  0.09  % County: 35,252 Rural - No CBSA N/A
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Property Name Property Type Area % of Square Feet Annualized
Rent ($000's)
% of Annualized
 Rent
Population MSA/MISA Rank
North Mississippi Health Services - 1111 MOB 27,743  0.61  % $ 157.1  0.15  % County: 35,252 Rural - No CBSA N/A
North Mississippi Health Services - 1127 MOB 18,074  0.40  % $ 102.3  0.09  % County: 35,252 Rural - No CBSA N/A
North Mississippi Health Services - 404 MOB 9,890  0.22  % $ 56.0  0.05  % County: 35,252 Rural - No CBSA N/A
North Mississippi Health Services - 305 MOB 3,378  0.07  % $ 19.1  0.02  % County: 35,252 Rural - No CBSA N/A
Batesville Regional Medical Center MOB 9,263  0.20  % $ 52.5  0.05  % County: 34,192 Rural - No CBSA N/A
Tri Lakes Behavioral BSF 58,400  1.29  % $ —  —  % County: 34,192 Rural - No CBSA N/A
Dahlonega Medical Mall MOB 22,805  0.50  % $ 336.0  0.31  % County: 33,610 Rural - No CBSA N/A
Russellville Medical Plaza MOB 29,129  0.64  % $ 168.2  0.16  % County: 31,362 Rural - No CBSA N/A
Norton Medical Clinic SC 4,843  0.11  % $ 59.1  0.05  % County: 3,900 Rural - No CBSA N/A
Norton Medical Plaza MOB 32,757  0.72  % $ 320.9  0.30  % County: 3,900 Rural - No CBSA N/A
Wellmont Lebanon Urgent Care SC 8,369  0.18  % $ 106.7  0.10  % County: 26,586 Rural - No CBSA N/A
Lexington Carilion Clinic PC 15,820  0.35  % $ 392.0  0.36  % County: 22,573 Rural - No CBSA N/A
Sanderling Dialysis Center - 102 SC 5,217  0.12  % $ 287.1  0.27  % County: 13,279 Rural - No CBSA N/A
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REPORTING DEFINITIONS
Acute Inpatient Behavioral Facilities (AIB)
Behavioral inpatient acute care facilities are healthcare facilities that provide a range of clinical services for mental health and/or substance abuse diagnoses on an inpatient basis. Behavioral health services provided may include assessment, treatment, individual medical evaluation and management (including medication management), individual and group therapy, behavioral health counseling, family therapy and psychological testing for recipients of all ages.

AFFO, Adjusted for Acquisitions
AFFO, Adjusted for Acquisitions, adjusts AFFO to show the impact of the real estate properties acquired in the period as if they had been acquired on the first day of the reporting period, using the expected returns and in-place leases at the time of the acquisition. The Company believes that AFFO, Adjusted for Acquisitions, is useful because it allows investors, analysts and Company management visibility into the impact on the Company's results of operations in future reporting periods resulting from its current period acquisitions.

Annualized Rent
Base rent for the current month multiplied by 12.

Behavioral Specialty Facilities (BSF)
Behavioral specialty facilities are healthcare facilities that provide a range of clinical services for mental health and/or substance abuse diagnoses. Behavioral health services provided may include assessment, treatment, individual medical evaluation and management (including medication management), individual and group therapy, behavioral health counseling, family therapy and psychological testing for recipients of all ages.

EBITDAre and Adjusted EBITDAre
The Company uses the National Association of Real Estate Investment Trusts, Inc. ("NAREIT") definition of EBITDAre which is net income plus interest expense, income tax expense, and depreciation and amortization, plus losses or minus gains on the disposition of depreciable property, including losses/gains on change of control, plus impairment write-downs of depreciable property and of investments in unconsolidated affiliates caused by a decrease in value of depreciable property in the affiliate, plus or minus adjustments to reflect the entity's share of EBITDAre of unconsolidated affiliates and consolidated affiliates with non-controlling interest. The Company also presents Adjusted EBITDAre which is EBITDAre before non-cash stock-based compensation amortization.

We consider EBITDAre and Adjusted EBITDAre important measures because they provide additional information to allow management, investors, and our current and potential creditors to evaluate and compare our core operating results and our ability to service debt.

Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO)
Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminishes predictably over time. However, since real estate values have historically risen or fallen with market conditions, many industry investors deem presentations of operating results for real estate companies that use historical cost accounting to be insufficient by themselves. For that reason, the Company considers funds from operations ("FFO") and adjusted funds from operations ("AFFO") to be appropriate measures of operating performance of an equity real estate investment trust ("REIT"). In particular, the Company believes that AFFO is useful because it allows investors, analysts and Company management to compare the Company's operating performance to the operating performance of other real estate companies and between periods on a consistent basis without having to account for differences caused by unanticipated items and other events.
Community Healthcare Trust
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REPORTING DEFINITIONS (continued)
The Company uses the NAREIT definition of FFO. FFO is an operating performance measure adopted by NAREIT. NAREIT defines FFO as the most commonly accepted and reported measure of a REIT’s operating performance equal to net income (calculated in accordance with GAAP), excluding gains or losses from the sale of certain real estate assets, gains and losses from change in control, impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity, plus depreciation and amortization related to real estate properties, and after adjustments for unconsolidated partnerships and joint ventures. NAREIT also provides REITs with an option to exclude gains, losses and impairments of assets that are incidental to the main business of the REIT from the calculation of FFO. The Company has included AFFO which it has defined as FFO, excluding certain expenses related to closing costs of properties acquired accounted for as business combinations and mortgages funded, excluding straight-line rent and the amortization of stock-based compensation, and including or excluding other non-cash items from time to time. AFFO presented herein may not be comparable to similar measures presented by other real estate companies due to the fact that not all real estate companies use the same definition.

FFO and AFFO should not be considered as alternatives to net income (determined in accordance with GAAP) as indicators of the Company's financial performance or as alternatives to cash flow from operating activities
(determined in accordance with GAAP) as measures of the Company’s liquidity, nor are they necessarily indicative of sufficient cash flow to fund all of the Company’s needs. The Company believes that in order to facilitate a clear understanding of the consolidated historical operating results of the Company, FFO and AFFO should be examined in conjunction with net income as presented elsewhere herein.

Inpatient Rehabilitation Facilities (IRF)
Inpatient rehabilitation facilities are free standing rehabilitation hospitals, or may be units within an acute care hospital, that provide intensive rehabilitation programs to patients.

Long-Term Acute Care Hospitals (LTACH)
Long-term acute care hospitals provide inpatient services for patients with complex medical conditions who require more sensitive care, monitoring or emergency support than that available in most skilled nursing facilities.

Medical Office Building (MOB)
Medical office buildings are buildings occupied by healthcare providers and may be located near hospitals or other facilities where healthcare services are rendered or in close proximity to a population base. Medical office buildings can be leased to physicians, physician practice groups, hospitals, healthcare systems or other healthcare providers.

Metropolitan Statistical Area (MSA or MISA)
MSAs or MISAs are geographical regions with relatively higher population densities at their core and have close economic ties throughout their area. MSAs and MISAs are defined by the Office of Management and Budget.

Net Operating Income (NOI)
NOI is a non-GAAP financial measure that is defined as net income or loss, computed in accordance with GAAP, generated from our total portfolio of properties and other investments before general and administrative expenses, depreciation and amortization expense, gains or loss on the sale of real estate properties or other investments, interest expense, and income tax expense. We believe that NOI provides an accurate measure of operating performance of our operating assets because NOI excludes certain items that are not associated with management of the properties. CHCT's use of the term NOI may not be comparable to that of other real estate companies as they may have different methodologies for computing NOI.


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REPORTING DEFINITIONS (continued)
Physician Clinics (PC)
Physician clinics are freestanding healthcare facilities that are primarily devoted to the care of ambulatory patients, can be privately operated or publicly managed and funded, and typically provide primary healthcare needs of populations in local communities utilizing physicians and other healthcare providers.

Specialty Centers (SC)
Specialty centers include various types of centers which may, among others, include oncology centers, dialysis centers, urgent care centers, and blood plasma centers.

Surgical Centers and Hospitals (SCH)
Surgical centers and hospitals may include outpatient surgery centers where surgical procedures not requiring an overnight hospital stay are performed; as well as specialty hospitals that focus on providing care for certain conditions and performing certain procedures, such as cardiovascular and orthopedic surgery.

Total Capitalization
Debt plus stockholders' equity plus accumulated depreciation.
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DISCLAIMERS

FORWARD-LOOKING STATEMENTS
Certain statements made in this supplemental information package constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)). In particular, statements pertaining to our capital resources, portfolio performance and results of operations contain forward-looking statements. Likewise, our statements regarding anticipated market conditions are forward-looking statements. You can identify forward-looking statements by the use of forward-looking terminology such as "believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” "outlook," "continue," "projects," “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans, expectations, or intentions. 
 
Forward-looking statements reflect the views of our management regarding current expectations and projections about future events and are based on currently available information. These forward-looking statements are not guarantees of future performance and involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data, or methods which may be incorrect or imprecise and we may not be able to realize them. 
 
While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. We disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes after the date of this supplemental information package, except as required by applicable law. You should not place undue reliance on any forward-looking statements that are based on information currently available to us or the third parties making the forward-looking statements. For a discussion of factors that could impact our future results, performance or transactions, see Part I, Item 1A (Risk Factors) of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and the Company’s other filings with the Securities and Exchange Commission from time to time.  
 

NON-GAAP FINANCIAL MEASURES 
This presentation includes EBITDAre, Adjusted EBITDAre, Adjusted EBITDAre Annualized, Net Operating Income (or NOI), Funds From Operations (or FFO), Adjusted Funds From Operations (or AFFO), and AFFO, Adjusted for Acquisitions, which are non-GAAP financial measures. For purposes of the Securities and Exchange Commission’s (“SEC”) Regulation G, a non-GAAP financial measure is a numerical measure of a company’s historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable financial measure calculated and presented in accordance with GAAP in the statements of operations, balance sheets or statements of cash flows (or equivalent statements) of the company, or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable financial measure so calculated and presented. As used in this presentation, GAAP refers to generally accepted accounting principles in the United States of America. Our use of the non-GAAP financial measure terms herein may not be comparable to that of other real estate investment trusts. Pursuant to the requirements of Regulation G, we have provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures. 

Community Healthcare Trust
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2Q 2025 | Supplemental Information