コミュニティヘルスケアトラストの適時開示・決算・その他

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): October 29, 2024

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 October 29, 2024, Community Healthcare Trust Incorporated (the "Company") issued a press release announcing its earnings for the third quarter ended September 30, 2024. 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 third quarter ended September 30, 2024, 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 third quarter ended September 30, 2024 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 October 29, 2024
99.2			Supplemental Information - Third Quarter 2024
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
October 29, 2024

EX-99.1 2 earningspressrelease2024q3.htm EX-99.1 Document

Exhibit 99.1

News Release

Community Healthcare Trust Announces Results for the Three Months Ended September 30, 2024

FRANKLIN, Tenn., October 29, 2024 / PRNewswire / -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced results for the three months ended September 30, 2024. The Company reported net income for the three months ended September 30, 2024 of approximately $1.7 million, or $0.04 per diluted common share. Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the three months ended September 30, 2024 totaled $0.48 and $0.55, respectively, per diluted common share.

Items Impacting Our Results include:

•During the three months ended September 30, 2024, the Company acquired one physician clinic for a purchase price of approximately $6.2 million. Upon acquisition, the 20,400 square foot property was 100.0% leased to a tenant with a lease expiration in 2027. This acquisition was funded with proceeds from the Company's Revolving Credit Facility.

•During the third quarter of 2024, the Company disposed of an 11,200 square foot surgical center in Texas, received net proceeds of approximately $1.0 million, and recognized an immaterial gain on sale.

•The Company has four properties under definitive purchase agreements for an aggregate expected purchase price of approximately $8.8 million. The Company's expected returns on these investments range from 9.29% to 9.50%. The Company expects to close on these properties in the fourth quarter of 2024; however, the Company cannot provide assurance as to the timing of when, or whether, these transactions will actually close.

•The Company also has seven properties under definitive purchase agreements, to be acquired after completion and occupancy, for an aggregate expected purchase price of approximately $169.5 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.

•On October 16, 2024, the Company entered into a second Amendment to the third amended and restated credit agreement (the "Amended Credit Facility") with a syndicate of lenders, under which Truist Bank serves as administrative agent. The Amended Credit Facility, among other things, (i) increased the Company's Revolving Credit Facility from $150.0 million to $400.0 million, (ii) extended the maturity date of the Revolving Credit Facility from March 19, 2026 to October 16, 2029, and (iii) lowered pricing on the Revolving Credit Facility by 10 to 30 basis points, depending on the Company's leverage ratio. Proceeds from the increased Revolving Credit Facility were used to repay the existing A-3 Term Loan which was scheduled to mature on March 29, 2026. In addition, amounts outstanding under the Revolving Credit Facility prior to the second Amendment will remain outstanding. 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.

•During the third quarter of 2024, the Company did not issue any shares under its at-the-market offering program.

•On October 24, 2024, the Company’s Board of Directors declared a quarterly common stock dividend in the amount of $0.465 per share. The dividend is payable on November 22, 2024 to stockholders of record on November 8, 2024.

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 September 30, 2024, the Company had investments of approximately $1.1 billion in 198 real estate properties (including a portion of one property accounted for as a sales-type lease and one property classified as held for sale). The properties are located in 35 states, totaling approximately 4.4 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, the Company’s ability to refinance existing indebtedness at or prior to maturity on favorable terms, or at all, 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, the conflicts in Ukraine and the Middle East, and/or uncertainties related to the 2024 U.S. presidential election, 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, 2023, 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)


	(Unaudited)
	September 30, 2024		December 31, 2023

ASSETS
Real estate properties:
Land and land improvements	$	146,118	$	136,532
Buildings, improvements, and lease intangibles	989,019		913,416
Personal property	326		299
Total real estate properties	1,135,463		1,050,247
Less accumulated depreciation	(232,747)		(200,810)
Total real estate properties, net	902,716		849,437
Cash and cash equivalents	2,836		3,491
Restricted cash	—		1,142

Real estate properties held for sale	6,351		7,466
Other assets, net	69,876		83,876
Total assets	$	981,779	$	945,412

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net	$	473,716	$	403,256
Accounts payable and accrued liabilities	14,422		12,032

Other liabilities, net	16,489		16,868
Total liabilities	504,627		432,156

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; 28,242 and 27,613 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	282		276
Additional paid-in capital	702,014		688,156
Cumulative net income	83,843		88,856
Accumulated other comprehensive gain	10,016		16,417
Cumulative dividends	(319,003)		(280,449)
Total stockholders’ equity	477,152		513,256
Total liabilities and stockholders' equity	$	981,779	$	945,412


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.

COMMUNITY HEALTHCARE TRUST INCORPORATED

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Unaudited; Dollars and shares in thousands, except per share amounts)


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023

REVENUES
Rental income	$	29,335	$	27,690	$	85,582	$	80,582


Other operating interest, net	304		1,045		906		3,139
	29,639		28,735		86,488		83,721

EXPENSES
Property operating	5,986		5,456		17,349		15,115
General and administrative (1)	4,935		3,618		14,249		23,610
Depreciation and amortization	10,927		11,208		31,981		29,445

	21,848		20,282		63,579		68,170

OTHER (EXPENSE) INCOME

Gain on sale (impairment) of depreciable real estate asset	5		(102)		(135)		(102)
Interest expense	(6,253)		(4,641)		(17,301)		(12,773)
Credit loss reserve	—		—		(11,000)		—
Deferred income tax expense	—		(221)		—		(306)
Interest and other income, net	206		3		514		777
	(6,042)		(4,961)		(27,922)		(12,404)

NET INCOME (LOSS)	$	1,749	$	3,492	$	(5,013)	$	3,147

NET INCOME (LOSS) PER COMMON SHARE (1)
Net income (loss) per common share - Basic	$	0.04	$	0.11	$	(0.27)	$	0.05
Net income (loss) per common share - Diluted	$	0.04	$	0.11	$	(0.27)	$	0.05
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC	26,660		25,514		26,479		24,940
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED	26,660		25,514		26,479		24,940
___________
(1) General and administrative expenses for the nine months ended September 30, 2024 included stock-based compensation expense totaling approximately $7.4 million. General and administrative expenses for the nine months ended September 30, 2023 included stock-based compensation expense totaling approximately $17.9 million, including the accelerated amortization of stock-based compensation totaling approximately $11.8 million, recognized upon the passing of our former CEO and President in the first quarter of 2023.


The Consolidated Statements of Income 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.

COMMUNITY HEALTHCARE TRUST INCORPORATED

RECONCILIATION OF FFO and AFFO (1)

(Unaudited; Dollars and shares in thousands, except per share amounts)


	Three Months Ended September 30,
	2024		2023
Net income	$	1,749	$	3,492
Real estate depreciation and amortization	11,077		11,375


(Gain on sale) impairment of depreciable real estate asset	(5)		102

Total adjustments	11,072		11,477
FFO (1)	$	12,821	$	14,969

Straight-line rent	(679)		(444)
Stock-based compensation	2,497		1,898


AFFO (1)	$	14,639	$	16,423
FFO per Common Share-Diluted (1)	$	0.48	$	0.58
AFFO per Common Share-Diluted (1)	$	0.55	$	0.63
Weighted Average Common Shares Outstanding-Diluted (2)	26,853		26,025


(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)			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.

CONTACT: Bill Monroe, 615-771-3052

SOURCE: Community Healthcare Trust Incorporated

EX-99.2 3 supplementalinfo2024q3.htm EX-99.2 Document

Exhibit 99.2


			CHCT
			LISTED
			NYSE


SUPPLEMENTAL INFORMATION Q3 2024


Community Healthcare Trust						3Q 2024 \| Supplemental Information

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


Company Snapshot			3
Corporate Information			4
Financial Highlights			5
Consolidated Balance Sheets			7
Consolidated Statements of Operations			8
Reconciliation of Non-GAAP Measures			9
Weighted Average Shares			11
Debt Summary			12
Investment Activity			13
Portfolio Diversification			14
Lease Expirations			15
Property Locations			16
Reporting Definitions			23
Disclaimers			26


Community Healthcare Trust						3Q 2024 \| Supplemental Information

COMPANY SNAPSHOT


	September 30, 2024
Gross real estate investments (in thousands) (1)	$1,144,838
Total properties	198
% Leased (2)	91.3	%
Total square feet owned	4,420,178
Weighted Average remaining lease term (years)	6.8
Cash and cash equivalents (in thousands)	$2,836
Debt to Total Capitalization	40.0	%
Weighted average interest rate per annum on Revolving Line of Credit	6.6	%
Weighted average interest rate per annum on Term Loans	4.4	%
Equity market cap (in millions)	$512.6
Quarterly dividend paid in the period (per share)	$0.4625
Quarter end stock price (per share)	$18.15
Dividend yield	10.19	%
Common shares outstanding	28,242,370
___________
(1) Includes a portion of one property accounted for as a sales-type lease and one property classified as held for sale.
(2) Excludes real estate assets held for sale.


Community Healthcare Trust			Page \| 3			3Q 2024 \| Supplemental Information

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

EXECUTIVE MANAGEMENT TEAM

David H. Dupuy

William G. Monroe IV

Leigh Ann Stach

Timothy L. Meyer

Chief Executive Officer
and President

Executive Vice President
Chief Financial Officer

Executive Vice President
Chief Accounting Officer

Executive Vice President
Asset Management


COVERING ANALYSTS


A. Goldfarb - Piper Sandler			M. Lewis - Truist Securities
J. Kammert - Evercore ISI			R. Stevenson - Janney Capital Markets
W. Golladay - Baird			B. Oxford - Colliers International 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			Page \| 4			3Q 2024 \| Supplemental Information

FINANCIAL HIGHLIGHTS


		Three Months Ended
		3Q 2024		2Q 2024		1Q 2024		4Q 2023		3Q 2023
		(Unaudited and in thousands, except per share data)
STATEMENTS OF OPERATIONS ITEMS (1)(2)(3)
	Revenues	$	29,639	$	27,516	$	29,333	$	29,124	$	28,735
	Net income (loss)	$	1,749	$	(10,427)	$	3,665	$	4,567	$	3,492
	NOI	$	23,653	$	21,944	$	23,542	$	23,526	$	23,279
	EBITDAre	$	18,924	$	6,491	$	18,989	$	19,834	$	19,664
	Adjusted EBITDAre	$	21,421	$	19,960	$	21,413	$	21,863	$	21,562
	FFO (1) (2)	$	12,821	$	11,608	$	14,043	$	14,914	$	14,969
	AFFO (1) (2)	$	14,639	$	14,281	$	15,712	$	16,071	$	16,423

Per Diluted Share:
	Net income (loss) attributable to common shareholders (1) (2)	$	0.04	$	(0.42)	$	0.11	$	0.15	$	0.11
	FFO (1)	$	0.48	$	0.43	$	0.53	$	0.57	$	0.58
	AFFO (1)	$	0.55	$	0.53	$	0.59	$	0.61	$	0.63
	___________
	(1) Net loss and FFO for the three months ended June 30, 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 for the three months ending June 30, 2024.
	(2) Net loss for the three months ended June 30, 2024 includes an $11.0 million credit loss reserve related to notes receivable that are incidental to the Company's main business with a geriatric inpatient behavioral hospital tenant.
	(3) Net income for the third quarter of 2023 included accelerated amortization of lease intangibles on the two GenesisCare properties where the leases have been rejected of approximately $1.5 million, or $0.06 per diluted common share.


Community Healthcare Trust			Page \| 5			3Q 2024 \| Supplemental Information

FINANCIAL HIGHLIGHTS (Continued)


		As of
		3Q 2024			2Q 2024			1Q 2024			4Q 2023			3Q 2023
		(Unaudited and dollars in thousands)
BALANCE SHEET ITEMS
ASSETS
	Total real estate properties	$	1,135,463		$	1,120,450		$	1,090,690		$	1,050,247		$	1,044,893
	Total assets	$	981,779		$	983,196		$	982,701		$	945,412		$	955,126

CAPITALIZATION
	Net debt	$	473,716		$	457,625		$	442,320		$	403,256		$	401,192
	Total capitalization	$	1,183,615		$	1,177,230		$	1,165,024		$	1,117,322		$	1,116,448
	Net debt/total capitalization	40.0		%	38.9		%	38.0		%	36.1		%	35.9		%
	Market valuation	$	512,599		$	656,059		$	735,467		$	735,603		$	809,760
	Enterprise value	$	983,479		$	1,112,950		$	1,172,841		$	1,134,226		$	1,206,019


Community Healthcare Trust			Page \| 6			3Q 2024 \| Supplemental Information

CONSOLIDATED BALANCE SHEETS


	As of
	3Q 2024		2Q 2024		1Q 2024		4Q 2023		3Q 2023
ASSETS	(Unaudited; Dollars and shares in thousands, except per share data)
Real estate properties
Land and land improvements	$	146,118	$	143,717	$	142,120	$	136,532	$	135,809
Buildings, improvements, and lease intangibles	989,019		976,415		948,253		913,416		908,788
Personal property	326		318		317		299		296
Total real estate properties	1,135,463		1,120,450		1,090,690		1,050,247		1,044,893
Less accumulated depreciation	(232,747)		(221,834)		(211,058)		(200,810)		(192,962)
Total real estate properties, net	902,716		898,616		879,632		849,437		851,931
Cash and cash equivalents	2,836		734		3,805		3,491		3,885
Restricted cash	—		—		1,141		1,142		1,048

Real estate properties held for sale	6,351		7,326		7,466		7,466		1,115
Other assets, net	69,876		76,520		90,657		83,876		97,147
Total assets	$	981,779	$	983,196	$	982,701	$	945,412	$	955,126

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net	$	473,716	$	457,625	$	442,320	$	403,256	$	401,192
Accounts payable and accrued liabilities	14,422		12,023		11,775		12,032		15,446

Other liabilities, net	16,489		15,777		16,960		16,868		16,194
Total liabilities	504,627		485,425		471,055		432,156		432,832

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	282		280		277		276		273
Additional paid-in capital	702,014		699,833		690,491		688,156		676,716
Cumulative net income	83,843		82,094		92,521		88,856		84,289
Accumulated other comprehensive gain	10,016		21,490		21,490		16,417		29,038
Cumulative dividends	(319,003)		(305,926)		(293,133)		(280,449)		(268,022)
Total stockholders’ equity	477,152		497,771		511,646		513,256		522,294
Total liabilities and stockholders' equity	$	981,779	$	983,196	$	982,701	$	945,412	$	955,126


Community Healthcare Trust			Page \| 7			3Q 2024 \| Supplemental Information

CONSOLIDATED STATEMENTS OF OPERATIONS


	Three Months Ended
	3Q 2024			2Q 2024			1Q 2024			4Q 2023			3Q 2023
	(Unaudited; Dollars and shares in thousands, except per share data)
REVENUES
Rental income	$	29,335		$	27,905		$	28,342		$	28,100		$	27,690


Other operating interest	304			(389)			991			1,024			1,045
	29,639			27,516			29,333			29,124			28,735

EXPENSES
Property operating	5,986			5,572			5,791			5,598			5,456
General and administrative (1)	4,935			4,760			4,554			3,728			3,618
Depreciation and amortization	10,927			10,792			10,262			10,248			11,208

	21,848			21,124			20,607			19,574			20,282

OTHER (EXPENSE) INCOME

(Gain on sale) impairment of depreciable real estate asset	5			(140)			—			—			(102)
Interest expense	(6,253)			(5,986)			(5,062)			(5,019)			(4,641)
Credit loss reserve	—			(11,000)			—			—			—
Deferred income tax expense	—			—			—			—			(221)
Interest and other income, net	206			307			1			36			3
	$	(6,042)		$	(16,819)		$	(5,061)		$	(4,983)		$	(4,961)
NET INCOME (LOSS)	$	1,749		$	(10,427)		$	3,665		$	4,567		$	3,492



NET INCOME (LOSS) PER DILUTED COMMON SHARE	$	0.04		$	(0.42)		$	0.11		$	0.15		$	0.11
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	26,660			26,479			26,297			25,981			25,514
DIVIDENDS DECLARED, PER COMMON SHARE, IN THE PERIOD	$	0.4625		$	0.4600		$	0.4575		$	0.4550		$	0.4525


(1) GENERAL AND ADMINISTRATIVE EXPENSES:
Non-cash vs. Cash:
Non-cash (stock-based compensation)	50.6		%	51.9		%	53.2		%	54.4		%	52.5		%
Cash	49.4		%	48.1		%	46.8		%	45.6		%	47.5		%
As a % of Revenue:
Non-cash (stock-based compensation)	8.4		%	8.9		%	8.3		%	6.9		%	6.6		%
Cash	8.2		%	8.3		%	7.3		%	5.8		%	6.0		%


Community Healthcare Trust			Page \| 8			3Q 2024 \| Supplemental Information

RECONCILIATION OF NON-GAAP MEASURES

FUNDS FROM OPERATIONS (FFO)

ADJUSTED FUNDS FROM OPERATIONS (AFFO)


		Three Months Ended
		3Q 2024		2Q 2024		1Q 2024		4Q 2023		3Q 2023
		(Unaudited; Dollars and shares in thousands, except per share data)
NET INCOME (LOSS) (1) (2)		$	1,749	$	(10,427)	$	3,665	$	4,567	$	3,492
	Real estate depreciation and amortization	11,077		10,895		10,378		10,347		11,375
	Credit loss reserve (2)	—		11,000		—		—		—



	(Gain on sale) impairment of depreciable real estate asset	(5)		140		—		—		102
	Total adjustments	11,072		22,035		10,378		10,347		11,477
FFO (1)		$	12,821	$	11,608	$	14,043	$	14,914	$	14,969
	Straight-line rent	(679)		204		(755)		(872)		(444)
	Stock-based compensation	2,497		2,469		2,424		2,029		1,898


AFFO		$	14,639	$	14,281	$	15,712	$	16,071	$	16,423
FFO PER COMMON SHARE		$	0.48	$	0.43	$	0.53	$	0.57	$	0.58
AFFO PER COMMON SHARE		$	0.55	$	0.53	$	0.59	$	0.61	$	0.63
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING		26,853		26,791		26,707		26,346		26,025
________________
(1) Net loss 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 for second quarter of 2024.
(2) Net loss for the second quarter of 2024 included an $11.0 million credit loss reserve related to notes receivable that are incidental to the Company's main business with a geriatric inpatient behavioral hospital tenant.


AFFO, ADJUSTED FOR ACQUISITIONS (1)

AFFO		$	14,639	$	14,281	$	15,712	$	16,071	$	16,423
	Revenue on Properties Acquired in the period (2)	34		98		774		15		757
	Property operating expense adjustment (2)	(2)		(10)		(71)		(5)		(149)
	Interest expense adjustment (3)	(10)		(28)		(205)		(3)		(165)
AFFO, ADJUSTED FOR ACQUISITIONS		$	14,661	$	14,341	$	16,210	$	16,078	$	16,866

(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) Assumes that acquisitions were 40% funded with debt and the remainder funded with equity. The interest expense adjustment was calculated using the weighted average interest rate on the Company's revolving credit facility for the period.

AMORTIZATION OF STOCK-BASED COMPENSATION
	Amortization Required by GAAP (1)	$	2,498	$	2,153	$	2,107	$	2,029	$	1,898
	Amortization Based on Legal Vesting Periods	2,019		1,782		1,746		1,563		1,540
	Acceleration of Amortization	$	479	$	371	$	361	$	466	$	358

(1) GAAP requires that deferred compensation be amortized over the earlier of the vesting or retirement eligibility date.


Community Healthcare Trust			Page \| 9			3Q 2024 \| Supplemental Information

RECONCILIATION OF NON-GAAP MEASURES (CONTINUED)

NET OPERATING INCOME (NOI)


		Three Months Ended
		3Q 2024		2Q 2024		1Q 2024		4Q 2023		3Q 2023
		(Unaudited; Dollars and shares in thousands, except per share data)
NET OPERATING INCOME
	Net income (loss) (1)	$	1,749	$	(10,427)	$	3,665	$	4,567	$	3,492
	General and administrative	4,935		4,760		4,554		3,728		3,618

	Depreciation and amortization	10,927		10,792		10,262		10,248		11,208

	(Gain on sale of) impairment of depreciable real estate asset	(5)		140		—		—		102
	Credit loss reserve (2)	—		11,000		—		—		—
	Interest expense	6,253		5,986		5,062		5,019		4,641
	Deferred Income tax expense	—		—		—		—		221
	Interest and other income, net	(206)		(307)		(1)		(36)		(3)
NOI		$	23,653	$	21,944	$	23,542	$	23,526	$	23,279


EBITDAre and ADJUSTED EBITDAre

EBITDAre
	Net income (loss) (1)	$	1,749	$	(10,427)	$	3,665	$	4,567	$	3,492
	Interest expense	6,253		5,986		5,062		5,019		4,641
	Depreciation and amortization	10,927		10,792		10,262		10,248		11,208
	Deferred Income tax expense	—		—		—		—		221

	(Gain on sale of) impairment of depreciable real estate asset	(5)		140		—		—		102
EBITDAre		$	18,924	$	6,491	$	18,989	$	19,834	$	19,664
	Non-cash stock-based compensation expense	2,497		2,469		2,424		2,029		1,898

	Credit loss reserve	—		11,000		—		—		—

ADJUSTED EBITDAre		$	21,421	$	19,960	$	21,413	$	21,863	$	21,562

ADJUSTED EBITDAre ANNUALIZED (3)		$	85,684


(1)			Net loss for the three months ended June 30, 2024 included the reversal of rent and interest related to a tenant totaling approximately $3.2 million, including straight-line rent of approximately $0.9 million.
(2)			During the three months ended June 30, 2024, the Company recorded an $11.0 million credit loss reserve related to notes receivable that are incidental to the Company's main business with a geriatric inpatient behavioral hospital tenant.
(3)			Adjusted EBITDAre multiplied by 4. This annualized amount may differ significantly from the actual full year results.


Community Healthcare Trust			Page \| 10			3Q 2024 \| Supplemental Information

WEIGHTED AVERAGE SHARES


		Three Months Ended
		3Q 2024		2Q 2024		1Q 2024		4Q 2023		3Q 2023
		(Unaudited; Dollars and shares in thousands, except per share data)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
	Weighted average common shares outstanding	28,168		27,879		27,680		27,355		26,823
	Unvested restricted shares	(1,508)		(1,400)		(1,383)		(1,374)		(1,309)
	Weighted average common shares outstanding - EPS	26,660		26,479		26,297		25,981		25,514

	Weighted average common shares outstanding - FFO Basic	26,660		26,479		26,297		25,981		25,514
	Potential dilutive common shares (from below)	193		312		410		365		511
	Weighted average common shares outstanding - FFO Diluted	26,853		26,791		26,707		26,346		26,025

TREASURY SHARE CALCULATION
	Unrecognized deferred compensation-end of period	$	27,575	$	26,764	$	28,564	$	26,776	$	28,814
	Unrecognized deferred compensation-beginning of period	$	26,168	$	27,752	$	26,776	$	28,814	$	24,780
	Average unrecognized deferred compensation	$	26,872	$	27,258	$	27,670	$	27,795	$	26,797
	Average share price per share	$	20.44	$	24.30	$	26.36	$	27.54	$	33.56
	Treasury shares	1,315		1,122		1,049		1,009		798

	Unvested restricted shares	(1,508)		(1,400)		(1,383)		(1,374)		(1,309)
	Unvested restricted share units	—		(34)		(76)		—		—
	Treasury shares	1,315		1,122		1,049		1,009		798
	Potential dilutive common shares	193		312		410		365		511


Community Healthcare Trust			Page \| 11			3Q 2024 \| Supplemental Information

DEBT SUMMARY


	As of October 16, 2024
	Principal Balance		Stated Rate	Hedged Rate
	(in thousands)

Revolving credit facility (1)	$	202,000	6.54%	4.29% (partial)

Term loan A-4	125,000			3.35%
Term loan A-5	150,000			5.36%


Debt	477,000
Deferred Financing Costs, net	(1,284)
Debt, net	$	475,716

(1) On October 16, 2024, the Company entered into a second amendment to the third amended and restated credit agreement (the "Amended Credit Facility") with a syndicate of lenders, under which Truist Bank serves as administrative agent. The Amended Credit Facility, among other things, (i) increased the Company's Revolving Credit Facility from $150.0 million to $400.0 million, (ii) extended the maturity date of the Revolving Credit Facility from March 19, 2026 to October 16, 2029, and (iii) lowered pricing on the Revolving Credit Facility by 10 to 30 basis points, depending on the Company's leverage ratio. Proceeds from the increased Revolving Credit Facility were used to repay the existing A-3 Term Loan which was scheduled to mature on March 29, 2026. In addition, amounts outstanding under the Revolving Credit Facility prior to the second Amendment will remain outstanding. 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.


Select Covenants	Required	As of September 30, 2024
Leverage ratio	≤ 60.0%	40.7	%
Fixed charge coverage ratio	≥ 1.50x	3.5
Tangible net worth (in thousands)	≥ $504,476	$692,947
Secured indebtedness	≤ 30.0%	—	%
Minimum debt service coverage ratio	≥ 2.0	3.8


Community Healthcare Trust			Page \| 12			3Q 2024 \| Supplemental Information

2024 PROPERTY ACQUISITIONS


Property	Market	Property Type	Date Acquired	% Leased at Acquisition		Purchase Price (in thousands)		Square Feet
Hospital of SE Mass.	New Bedford, MA	LTACH	1/31/2024	100.0	%	$	6,500	70,657
Northbay Professional Pavilion	Elkton, MA	MOB	3/25/2024	89.5	%	4,500		19,656
Sanford Health Bemidji 1611	Bemidji, MN	MOB	3/29/2024	100.0	%	16,534		45,800
Sanford Health Bemidji 1705	Bemidji, MN	MOB	3/29/2024	100.0	%	6,666		28,900
Everest Rehabilitation Hospital	San Antonio, TX	IRF	4/16/2024	100.0	%	23,500		38,009
Pennsylvania Gastroenterology	Camp Hill, PA	PC	7/22/2024	100.0	%	6,200		20,400














				99.3	%	$	63,900	223,422


Community Healthcare Trust			Page \| 13			3Q 2024 \| Supplemental Information

PORTFOLIO DIVERSIFICATION


Property Type	Annualized Rent (%)
Medical Office Building (MOB)	39.3	%
Inpatient Rehabilitation Facilities (IRF)	19.2	%
Acute Inpatient Behavioral (AIB)	13.0	%
Specialty Centers (SC)	10.2	%
Physician Clinics (PC)	7.5	%
Surgical Centers and Hospitals (SCH)	4.6	%
Behavioral Specialty Facilities (BSF)	4.1	%
Long-term Acute Care Hospitals (LTACH)	2.1	%
Total	100.0	%


State	Annualized Rent (%)
Texas (TX)	17.0	%
Illinois (IL)	10.9	%
Ohio (OH)	10.2	%
Florida (FL)	8.0	%
Pennsylvania (PA)	6.0	%
All Others	47.9	%
Total	100.0	%


Tenant	Annualized Rent (%)
LifePoint Health (LifePoint)	8.7	%
US Healthvest	7.4	%
Assurance Health (Assurance)	3.0	%
Summit Behavioral Healthcare (Summit)	2.9	%
Post Acute Medical (PAM)	2.8	%
Worcester Behavioral Innovations Hospital (Worcester)	2.5	%
Oceans Behavioral (Oceans)	2.4	%
UPMC - University of Pittsburgh Medical Center (UPMC)	2.3	%
Blue Cross Blue Shield of Louisiana (BCBS of LA)	2.3	%
Radiology Regional	2.2	%
All Others	63.5	%
Total	100.0	%


Community Healthcare Trust			Page \| 14			3Q 2024 \| Supplemental Information

LEASE EXPIRATIONS


		Total Leased Sq. Ft.			Annualized Rent
Year	Number of Leases Expiring	Amount (thousands)	Percent (%)		Amount ($) (thousands)		Percent (%)
2024	20	77	1.9	%	$	1,515	1.4	%
2025	65	390	9.6	%	10,169		9.5	%
2026	72	564	14.0	%	12,259		11.4	%
2027	62	373	9.2	%	7,823		7.3	%
2028	57	373	9.2	%	7,879		7.3	%
2029	38	338	8.4	%	8,584		8.0	%
2030	17	131	3.2	%	3,675		3.4	%
2031	26	365	9.0	%	9,896		9.2	%
2032	14	144	3.6	%	2,219		2.1	%
2033	12	72	1.8	%	1,478		1.4	%
Thereafter	49	1,190	29.5	%	41,546		38.6	%
Month-to-Month	9	23	0.6	%	475		0.4	%
Totals	441	4,040	100.0	%	$	107,518	100.0	%

Total portfolio was approximately 91.3% leased in the aggregate, excluding real estate assets held for sale, at September 30, 2024 with lease expirations ranging from 2024 through 2044.


Community Healthcare Trust			Page \| 15			3Q 2024 \| Supplemental Information

PROPERTY LOCATIONS

Approximately 52% of our property revenues are in MSAs with populations over 1,000,000 and approximately 93% 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	%	$	343.9	0.32	%	12,799,100	Los Angeles-Long Beach-Anaheim, CA	2
Congress Medical Building 350	MOB	17,543	0.39	%	$	412.3	0.38	%	9,262,825	Chicago-Naperville-Elgin, IL-IN	3
Congress Medical Building 390	MOB	30,855	0.69	%	$	468.9	0.44	%	9,262,825	Chicago-Naperville-Elgin, IL-IN	3
Future Diagnostics Group	SC	8,876	0.20	%	$	390.9	0.36	%	9,262,825	Chicago-Naperville-Elgin, IL-IN	3
Gurnee Medical Office Building	MOB	22,968	0.51	%	$	240.7	0.22	%	9,262,825	Chicago-Naperville-Elgin, IL-IN	3
Joliet Oncology-Hematology Associates	PC	7,905	0.18	%	$	385.0	0.36	%	9,262,825	Chicago-Naperville-Elgin, IL-IN	3
Morris Cancer Center	MOB	18,470	0.41	%	$	638.7	0.59	%	9,262,825	Chicago-Naperville-Elgin, IL-IN	3
Oak Lawn Medical Plaza	MOB	33,356	0.75	%	$	381.1	0.35	%	9,262,825	Chicago-Naperville-Elgin, IL-IN	3
Presence	PC	14,863	0.33	%	$	317.0	0.29	%	9,262,825	Chicago-Naperville-Elgin, IL-IN	3
Presence Regional Cancer Center	SC	44,888	1.00	%	$	1,474.9	1.37	%	9,262,825	Chicago-Naperville-Elgin, IL-IN	3
Skin MD	PC	13,565	0.30	%	$	526.3	0.49	%	9,262,825	Chicago-Naperville-Elgin, IL-IN	3
Chicago Behavioral Hospital	AIB	85,000	1.90	%	$	2,226.2	2.07	%	9,262,825	Chicago-Naperville-Elgin, IL-IN	3
US HealthVest - Lake	AIB	83,658	1.87	%	$	2,964.5	2.76	%	9,262,825	Chicago-Naperville-Elgin, IL-IN	3
Texas Rehabilitation Hospital of Fort Worth, LLC	IRF	39,761	0.89	%	$	2,028.0	1.89	%	8,100,037	Dallas-Fort Worth-Arlington, TX	4
Bayside Medical Center	MOB	50,593	1.13	%	$	1,108.0	1.03	%	7,510,253	Houston-Pasadena-The Woodlands, TX	5
Gessner Road MOB	MOB	14,347	0.32	%	$	262.3	0.24	%	7,510,253	Houston-Pasadena-The Woodlands, TX	5
Clear Lake Institute for Rehabilitation	IRF	55,646	1.25	%	$	2,986.0	2.78	%	7,510,253	Houston-Pasadena-The Woodlands, TX	5
Clinton Towers MOB	MOB	37,344	0.84	%	$	983.2	0.91	%	6,304,975	Washington-Arlington-Alexandria, DC-VA-MD-WV	7
2301 Research Boulevard	MOB	93,079	2.08	%	$	2,055.1	1.91	%	6,304,975	Washington-Arlington-Alexandria, DC-VA-MD-WV	7
Haddon Hill Professional Center	MOB	25,118	0.56	%	$	284.0	0.26	%	6,246,160	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD	8
Hopebridge - Westlake	BSF	15,057	0.34	%	$	232.7	0.22	%	6,246,160	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD	8
Continuum Wellness Center	MOB	8,227	0.18	%	$	164.2	0.15	%	5,070,110	Phoenix-Mesa-Chandler, AZ	10
Desert Endoscopy Center	SCH	11,722	0.26	%	$	304.8	0.28	%	5,070,110	Phoenix-Mesa-Chandler, AZ	10
Mountain View Surgery Center	SCH	14,046	0.31	%	$	532.8	0.50	%	5,070,110	Phoenix-Mesa-Chandler, AZ	10
Associated Surgical Center of Dearborn	SCH	12,400	0.28	%	$	361.3	0.34	%	4,342,304	Detroit-Warren-Dearborn, MI	14
Berry Surgical Center	SCH	27,217	0.61	%	$	627.7	0.58	%	4,342,304	Detroit-Warren-Dearborn, MI	14
Smokey Point Behavioral Hospital	AIB	70,100	1.57	%	$	2,814.4	2.62	%	4,044,837	Seattle-Tacoma-Bellevue, WA	15
Sanford Health Bemidji 1611	MOB	45,800	1.03	%	$	1,569.2	1.46	%	3,712,020	Minneapolis-St. Paul-Bloomington, MN-WI	16


Community Healthcare Trust			Page \| 16			3Q 2024 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
Sanford Health Bemidji 1705	MOB	28,900	0.65	%	$	624.3	0.58	%	3,712,020	Minneapolis-St. Paul-Bloomington, MN-WI	16
Bay Area Physicians Surgery Center	MOB	17,943	0.40	%	$	361.1	0.34	%	3,342,963	Tampa-St. Petersburg-Clearwater, FL	17
Sanderling Dialysis	SC	11,300	0.25	%	$	427.0	0.40	%	3,269,973	San Diego-Chula Vista-Carlsbad, CA	18
Liberty Dialysis	SC	8,450	0.19	%	$	255.2	0.24	%	3,005,131	Denver-Aurora-Centennial, CO	19
Waters Edge Medical	MOB	23,388	0.52	%	$	392.0	0.36	%	2,834,316	Baltimore-Columbia-Towson, MD	20
Northbay Professional Pavilion	MOB	19,656	0.44	%	$	479.0	0.45	%	2,834,316	Baltimore-Columbia-Towson, MD	20
Righttime Medical Care	SC	6,236	0.14	%	$	347.4	0.32	%	2,834,316	Baltimore-Columbia-Towson, MD	20
Bassin Center For Plastic-Surgery-Villages	PC	2,894	0.06	%	$	174.4	0.16	%	2,817,933	Orlando-Kissimmee-Sanford, FL	21
Bassin Center For Plastic Surgery-Orlando	PC	2,420	0.05	%	$	145.8	0.14	%	2,817,933	Orlando-Kissimmee-Sanford, FL	21
Kissimmee Physicians Clinic	PC	4,902	0.11	%	$	—	—	%	2,817,933	Orlando-Kissimmee-Sanford, FL	21
Orthopaedic Associates of Osceola	PC	15,167	0.34	%	$	357.6	0.33	%	2,817,933	Orlando-Kissimmee-Sanford, FL	21
Medical Village at Wintergarden	MOB	21,532	0.48	%	$	609.5	0.57	%	2,817,933	Orlando-Kissimmee-Sanford, FL	21
Eyecare Partners	PC	6,487	0.15	%	$	—	—	%	2,796,999	St. Louis, MO-IL	23
Eyecare Partners	PC	5,560	0.12	%	$	52.8	0.05	%	2,796,999	St. Louis, MO-IL	23
Eyecare Partners	SCH	16,608	0.37	%	$	310.6	0.29	%	2,796,999	St. Louis, MO-IL	23
Eyecare Partners	PC	6,311	0.14	%	$	49.5	0.05	%	2,796,999	St. Louis, MO-IL	23
Baptist Health	PC	13,500	0.30	%	$	376.1	0.35	%	2,703,999	San Antonio-New Braunfels, TX	24
San Antonio Head & Neck Surgical Associates	PC	6,500	0.15	%	$	191.7	0.18	%	2,703,999	San Antonio-New Braunfels, TX	24
Everest Rehabilitation Hospital	IRF	38,000	0.85	%	$	2,138.5	1.99	%	2,703,999	San Antonio-New Braunfels, TX	24
JDH Professional Building	MOB	12,376	0.28	%	$	261.9	0.24	%	2,703,999	San Antonio-New Braunfels, TX	24
The Heart & Vascular Center	MOB	15,878	0.36	%	$	315.5	0.29	%	2,422,725	Pittsburgh, PA	27
Butler Medical Center	MOB	10,116	0.23	%	$	273.3	0.25	%	2,422,725	Pittsburgh, PA	27
Forefront Dermatology Building	MOB	15,650	0.35	%	$	352.3	0.33	%	2,422,725	Pittsburgh, PA	27
Greentree Primary Care	MOB	34,077	0.76	%	$	931.2	0.87	%	2,422,725	Pittsburgh, PA	27
Vascular Access Centers of Southern Nevada	SC	4,800	0.11	%	$	123.8	0.12	%	2,336,573	Las Vegas-Henderson-North Las Vegas, NV	29
Assurance Health System	BSF	14,381	0.32	%	$	571.7	0.53	%	2,271,479	Cincinnati, OH-KY-IN	30
Cavalier Medical & Dialysis Center	MOB	17,614	0.39	%	$	218.7	0.20	%	2,271,479	Cincinnati, OH-KY-IN	30
51 Cavalier Blvd	MOB	17,935	0.40	%	$	175.8	0.16	%	2,271,479	Cincinnati, OH-KY-IN	30
Anderson Ferry Plaza	MOB	43,791	0.98	%	$	537.2	0.50	%	2,271,479	Cincinnati, OH-KY-IN	30
Liberty Rehabilitation Hospital	IRF	37,720	0.84	%	$	2,481.6	2.31	%	2,271,479	Cincinnati, OH-KY-IN	30
Davita Commercial Way	SC	4,980	0.11	%	$	—	—	%	2,271,479	Cincinnati, OH-KY-IN	30


Community Healthcare Trust			Page \| 17			3Q 2024 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
Fresenius Florence Dialysis Center	MOB	17,845	0.40	%	$	255.5	0.24	%	2,271,479	Cincinnati, OH-KY-IN	30
Prairie Star Medical Facility I	MOB	24,724	0.55	%	$	628.5	0.58	%	2,221,343	Kansas City, MO-KS	31
Prairie Star Medical Facility II	MOB	24,840	0.56	%	$	89.7	0.08	%	2,221,343	Kansas City, MO-KS	31
Ravines Edge	MOB	16,751	0.38	%	$	265.7	0.25	%	2,180,271	Columbus, OH	32
Court Street Surgery Center	SCH	7,787	0.17	%	$	82.6	0.08	%	2,180,271	Columbus, OH	32
Hopebridge - Columbus	BSF	13,969	0.31	%	$	175.2	0.16	%	2,180,271	Columbus, OH	32
Sedalia Medical Center	MOB	19,426	0.43	%	$	312.0	0.29	%	2,180,271	Columbus, OH	32
Brook Park Medical Building	MOB	18,444	0.41	%	$	291.8	0.27	%	2,158,932	Cleveland, OH	33
Smith Road	MOB	16,802	0.38	%	$	318.3	0.30	%	2,158,932	Cleveland, OH	33
Assurance - Hudson	BSF	13,290	0.30	%	$	570.8	0.53	%	2,158,932	Cleveland, OH	33
Rockside Medical Center	MOB	55,316	1.24	%	$	997.2	0.93	%	2,158,932	Cleveland, OH	33
Assurance Health, LLC	BSF	10,200	0.23	%	$	383.9	0.36	%	2,138,468	Indianapolis-Carmel-Greenwood, IN	34
Assurance Health System	BSF	13,722	0.31	%	$	510.6	0.47	%	2,138,468	Indianapolis-Carmel-Greenwood, IN	34
Kindred Hospital Indianapolis North	LTACH	37,270	0.83	%	$	1,613.9	1.50	%	2,138,468	Indianapolis-Carmel-Greenwood, IN	34
Virginia Orthopaedic & Spine Specialists	PC	8,445	0.19	%	$	156.2	0.15	%	1,787,169	Virginia Beach-Chesapeake-Norfolk, VA-NC	37
Vibra LTACH	LTACH	70,657	1.58	%	$	633.8	0.59	%	1,677,803	Providence-Warwick, RI-MA	39
Warwick Oncology Center	SC	10,236	0.23	%	$	393.5	0.37	%	1,677,803	Providence-Warwick, RI-MA	39
South County Hospital	PC	13,268	0.30	%	$	317.5	0.30	%	1,677,803	Providence-Warwick, RI-MA	39
Ortho Rhode Island - Warwick	PC	7,340	0.16	%	$	217.0	0.20	%	1,677,803	Providence-Warwick, RI-MA	39
Mercy Rehabilitation Hospital	IRF	39,637	0.89	%	$	2,028.0	1.89	%	1,477,926	Oklahoma City, OK	42
Memphis Center	MOB	11,669	0.26	%	$	237.0	0.22	%	1,335,674	Memphis, TN-MS-AR	45
Sanderling Dialysis	SC	10,133	0.23	%	$	569.0	0.53	%	1,335,674	Memphis, TN-MS-AR	45
Gardendale MOB	MOB	12,956	0.29	%	$	325.7	0.30	%	1,184,290	Birmingham, AL	47
Sanford West Behavioral Facility	BSF	96,886	2.17	%	$	1,383.0	1.29	%	1,162,950	Grand Rapids-Wyoming-Kentwood, MI	49
Sterling Medical Center	MOB	28,685	0.64	%	$	520.8	0.48	%	1,155,604	Buffalo-Cheektowaga, NY	50
Glastonbury	MOB	49,593	1.11	%	$	807.4	0.75	%	1,151,543	Hartford-West Hartford-East Hartford, CT	51
Los Alamos Professional Plaza	MOB	43,395	0.97	%	$	575.8	0.54	%	898,471	McAllen-Edinburg-Mission, TX	65
El Paso Rehabilitation Hospital	IRF	38,000	0.85	%	$	2,170.6	2.02	%	873,331	El Paso, TX	68
UMass Memorial Health Cancer Center	SC	20,046	0.45	%	$	882.1	0.82	%	866,866	Worcester, MA	69
Worcester Behavioral	AIB	81,972	1.84	%	$	2,731.2	2.54	%	866,866	Worcester, MA	69
Columbia Gastroenterology Surgery Center	MOB	17,016	0.38	%	$	346.9	0.32	%	858,302	Columbia, SC	70
Genesis Care - Bonita Springs	SC	4,445	0.10	%	$	289.0	0.27	%	834,573	Cape Coral-Fort Myers, FL	72


Community Healthcare Trust			Page \| 18			3Q 2024 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
Cape Coral Suite 3	SC	12,130	0.27	%	$	450.4	0.42	%	834,573	Cape Coral-Fort Myers, FL	72
Cape Coral Suite 3A	MOB	2,023	0.05	%	$	39.0	0.04	%	834,573	Cape Coral-Fort Myers, FL	72
Cape Coral Suite 5 & 6	MOB	6,379	0.14	%	$	101.2	0.09	%	834,573	Cape Coral-Fort Myers, FL	72
Colonial Blvd Office	SC	46,356	1.04	%	$	—	—	%	834,573	Cape Coral-Fort Myers, FL	72
Corporate Office 3660	MOB	22,104	0.49	%	$	620.5	0.58	%	834,573	Cape Coral-Fort Myers, FL	72
Corporate Annex Building	MOB	16,000	0.36	%	$	310.1	0.29	%	834,573	Cape Coral-Fort Myers, FL	72
Wildwood Hammock RPET Facility	SC	10,832	0.24	%	$	429.1	0.40	%	834,573	Cape Coral-Fort Myers, FL	72
Wildwood Hammock - Diagnostic Imaging	SC	9,376	0.21	%	$	405.6	0.38	%	834,573	Cape Coral-Fort Myers, FL	72
Wildwood Hammock - Northland	MOB	1,201	0.03	%	$	13.8	0.01	%	834,573	Cape Coral-Fort Myers, FL	72
Eye Health of America 4101	MOB	43,322	0.97	%	$	1,015.1	0.94	%	834,573	Cape Coral-Fort Myers, FL	72
Eye Health of America 2665	MOB	3,200	0.07	%	$	55.6	0.05	%	834,573	Cape Coral-Fort Myers, FL	72
Eye Health of America 1320	MOB	6,757	0.15	%	$	80.9	0.08	%	834,573	Cape Coral-Fort Myers, FL	72
Parkway Professional Plaza	MOB	41,909	0.94	%	$	992.0	0.92	%	818,330	Lakeland-Winter Haven, FL	75
Davita Turner Road	SC	18,125	0.41	%	$	358.8	0.33	%	814,363	Dayton-Kettering-Beavercreek, OH	76
Davita Springboro Pike	SC	10,510	0.24	%	$	185.6	0.17	%	814,363	Dayton-Kettering-Beavercreek, OH	76
Davita Business Center Court	SC	12,988	0.29	%	$	233.0	0.22	%	814,363	Dayton-Kettering-Beavercreek, OH	76
Mercy One Physicians Clinic	PC	17,318	0.39	%	$	398.2	0.37	%	737,164	Des Moines-West Des Moines, IA	81
Daytona Medical Office	MOB	20,193	0.45	%	$	373.9	0.35	%	721,796	Deltona-Daytona Beach-Ormond Beach, FL	83
Debary Professional Plaza	MOB	21,874	0.49	%	$	305.0	0.28	%	721,796	Deltona-Daytona Beach-Ormond Beach, FL	83
Novus Clinic	SCH	14,315	0.32	%	$	305.2	0.28	%	698,398	Akron, Oh	85
UH Walden Health Center	PC	11,000	0.25	%	$	—	—	%	698,398	Akron, Oh	85
UW Health Clinic- Portage	PC	14,000	0.31	%	$	329.0	0.31	%	694,345	Madison, WI	87
Cypress Medical Center	MOB	39,746	0.89	%	$	447.9	0.42	%	652,939	Wichita, KS	90
Family Medicine East	PC	16,581	0.37	%	$	341.6	0.32	%	652,939	Wichita, KS	90
Grene Vision Center	PC	18,681	0.42	%	$	—	—	%	652,939	Wichita, KS	90
Bassin Center For Plastic Surgery-Melbourne	PC	5,228	0.12	%	$	315.1	0.29	%	643,979	Palm Bay-Melbourne-Titusville, FL	91
Pennsylvania Gastroenterology	PC	20,400	0.46	%	$	570.3	0.53	%	606,055	Harrisburg-Carlisle, PA	95
Penn State Health - Camp Hill	SC	8,400	0.19	%	$	183.6	0.17	%	606,055	Harrisburg-Carlisle, PA	95
Penn State Health - Harrisburg	SC	10,000	0.22	%	$	197.9	0.18	%	606,055	Harrisburg-Carlisle, PA	95
Perrysburg Medical Arts Building	MOB	25,930	0.58	%	$	448.5	0.42	%	600,141	Toledo, OH	97
St. Vincent Mercy Medical Center, Inc.	PC	23,368	0.52	%	$	326.2	0.30	%	600,141	Toledo, OH	97
Assurance - Toledo	BSF	13,290	0.30	%	$	536.4	0.50	%	600,141	Toledo, OH	97


Community Healthcare Trust			Page \| 19			3Q 2024 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
Granite Circle	MOB	17,164	0.38	%	$	239.1	0.22	%	600,141	Toledo, OH	97
Mercy Rehabilitation Hospital - Northwest Arkansas	IRF	38,817	0.87	%	$	2,262.1	2.10	%	590,337	Fayetteville-Springdale-Rogers, AR	98
Eynon Surgery Center	SCH	6,500	0.15	%	$	—	—	%	569,413	Scranton--Wilkes-Barre, PA	100
Riverview Medical Center	MOB	26,199	0.59	%	$	354.6	0.33	%	569,413	Scranton--Wilkes-Barre, PA	100
NEI	MOB	22,743	0.51	%	$	409.4	0.38	%	569,413	Scranton--Wilkes-Barre, PA	100
NEI	MOB	15,768	0.35	%	$	236.4	0.22	%	569,413	Scranton--Wilkes-Barre, PA	100
Cardiology Associates of Greater Waterbury	PC	16,793	0.38	%	$	335.9	0.31	%	568,158	New Haven, CT	101
Grandview Plaza	MOB	20,042	0.45	%	$	313.0	0.29	%	558,589	Lancaster, PA	104
Pinnacle Health	PC	10,753	0.24	%	$	247.3	0.23	%	558,589	Lancaster, PA	104
Manteca Medical Group Building	PC	10,564	0.24	%	$	306.1	0.28	%	551,430	Modesto, CA	105
Treasure Coast Medical Pavilion	MOB	55,844	1.25	%	$	920.3	0.86	%	536,901	Port St. Lucie, FL	106
Gulf Coast Cancer Centers-Brewton	SC	3,971	0.09	%	$	—	—	%	530,090	Pensacola-Ferry Pass-Brent, FL	107
Temple Rehabilitation Hospital	IRF	38,817	0.87	%	$	2,280.3	2.12	%	501,333	Killeen-Temple, TX	110
Martin Foot & Ankle Clinic	PC	27,100	0.61	%	$	423.3	0.39	%	464,640	York-Hanover, PA	116
UPMC Specialty Care	MOB	25,982	0.58	%	$	453.4	0.42	%	425,969	Youngstown-Warren, OH	128
Biltmore Medical Office	SC	11,099	0.25	%	$	222.4	0.21	%	417,202	Asheville, NC	131
Genesis Care - Weaverville	SC	10,696	0.24	%	$	456.3	0.42	%	417,202	Asheville, NC	131
AMG Specialty Hospital - Lafayette	MOB	31,650	0.71	%	$	1,684.9	1.57	%	414,288	Lafayette, LA	132
Affinity Health Center	MOB	47,366	1.06	%	$	506.7	0.47	%	399,474	Canton-Massillon, OH	138
Hills & Dales Professional Center	MOB	27,920	0.63	%	$	366.3	0.34	%	399,474	Canton-Massillon, OH	138
Prattville Town Center Medical Office Bldg	MOB	13,319	0.30	%	$	387.8	0.36	%	385,480	Montgomery, AL	143
Wellmont Bristol Urgent Care	SC	4,548	0.10	%	$	77.3	0.07	%	313,025	Kingsport-Bristol, TN-VA	167
Wellmont Norton Urgent Care	SC	4,843	0.11	%	$	57.9	0.05	%	313,025	Kingsport-Bristol, TN-VA	167
Norton Medical Plaza	MOB	32,757	0.73	%	$	313.3	0.29	%	313,025	Kingsport-Bristol, TN-VA	167
Bristol Pediatric Associates	MOB	10,804	0.24	%	$	186.7	0.17	%	313,025	Kingsport-Bristol, TN-VA	167
Londonderry Centre	MOB	21,115	0.47	%	$	351.2	0.33	%	304,865	Waco, TX	169
Westlake Medical Office	MOB	14,100	0.32	%	$	254.6	0.24	%	304,865	Waco, TX	169
Bluewater Orthopedics Center	MOB	10,255	0.23	%	$	221.0	0.21	%	304,818	Crestview-Fort Walton Beach-Destin, FL	170
Longview Rehabilitation Hospital	IRF	38,817	0.87	%	$	2,314.5	2.15	%	293,498	Longview, TX	173
Gulf Coast Cancer Centers-Foley	SC	6,146	0.14	%	$	172.2	0.16	%	253,507	Daphne-Fairhope-Foley, AL	194
Gulf Coast Cancer Centers- Gulf Shores	SC	6,398	0.14	%	$	51.3	0.05	%	253,507	Daphne-Fairhope-Foley, AL	194


Community Healthcare Trust			Page \| 20			3Q 2024 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
Monroe Surgical Hospital	SCH	58,121	1.30	%	$	2,413.3	2.24	%	221,885	Monroe, LA	214
Meridian Behavioral Health Systems	AIB	132,430	2.96	%	$	3,199.5	2.98	%	203,164	Charleston, WV	228
Fresenius Ft. Valley	SC	4,920	0.11	%	$	85.3	0.08	%	200,779	Warner Robins, GA	232
Tuscola Professional Building	MOB	25,500	0.57	%	$	610.2	0.57	%	187,782	Saginaw, MI	239
Redding Oncology Center	SC	12,206	0.27	%	$	607.0	0.56	%	180,366	Redding, CA	247
Kedplasma	SC	12,870	0.29	%	$	272.1	0.25	%	179,165	Burlington, NC	249
Decatur Morgan Hospital Medical Office Building	MOB	35,933	0.80	%	$	579.0	0.54	%	158,635	Decatur, AL	271
Provena Medical Center	MOB	54,894	1.23	%	$	786.4	0.73	%	105,940	Kankakee, IL	351
Parkside Family & Davita Clinics	MOB	15,637	0.35	%	$	216.8	0.20	%	98,808	Victoria, TX	366
Cub Lake Square	MOB	49,059	1.10	%	$	1,087.1	1.01	%	109,175	Show Low, AZ	n/a


Emory Healthcare	MOB	61,301	1.37	%	$	897.9	0.84	%	104,821	LaGrange, GA-AL	n/a
Emory Southern Orthopedics	MOB	31,473	0.70	%	$	716.4	0.67	%	104,821	LaGrange, GA-AL	n/a
Emory Southern Orthopedics	MOB	2,972	0.07	%	$	61.5	0.06	%	104,821	LaGrange, GA-AL	n/a
Emory Healthcare	MOB	5,600	0.13	%	$	82.0	0.08	%	104,821	LaGrange, GA-AL	n/a
Nesbitt Place	MOB	56,003	1.25	%	$	1,177.8	1.10	%	84,472	Lawrence County, PA	n/a
Davita Etowah Dialysis Center	SC	4,720	0.11	%	$	68.8	0.06	%	69,369	Athens, TN	n/a
Marion Medical Plaza	MOB	27,246	0.61	%	$	387.9	0.36	%	64,851	Marion, OH	n/a
Davita Dialysis	MOB	12,545	0.28	%	$	468.4	0.44	%	55,720	Pahrump, NV	n/a
Fresenius Dialysis Center	MOB	17,746	0.40	%	$	360.4	0.34	%	55,635	Corsicana, TX	n/a
Arkansas Valley Surgery Center	MOB	10,853	0.24	%	$	227.9	0.21	%	50,318	Cañon City, CO	n/a
Fremont Medical Office Building & Surgery Ctr	MOB	13,050	0.29	%	$	332.0	0.31	%	37,187	Fremont, NE	n/a
Baylor Scott & White Clinic	PC	37,354	0.84	%	$	490.7	0.46	%	37,007	Brenham, TX	n/a
Eyecare Partners	PC	8,421	0.19	%	$	134.3	0.12	%	36,673	Centralia, IL	n/a
Ottumwa Medical Clinic	MOB	68,895	1.54	%	$	758.4	0.71	%	35,166	Ottumwa, IA	n/a
Ottumwa Medical Clinic	MOB	6,850	0.15	%	$	94.3	0.09	%	35,166	Ottumwa, IA	n/a
Fresenius Gallipolis Dialysis Center	SC	15,110	0.34	%	$	157.9	0.15	%	28,986	Gallipolis, OH	n/a
Sanderling Dialysis Center	SC	4,186	0.09	%	$	303.9	0.28	%	26,589	Crescent City, CA	n/a
Wellmont Lebanon Urgent Care	SC	8,369	0.19	%	$	106.7	0.10	%	County: 26,586	Rural - No CBSA	n/a
Rettig Family Healthcare	PC	12,000	0.27	%	$	180.0	0.17	%	County: 23,437	Rural - No CBSA	n/a
North Mississippi Health Services	MOB	3,378	0.08	%	$	18.6	0.02	%	County: 35,252	Rural - No CBSA	n/a
Sanderling Dialysis Center	SC	5,217	0.12	%	$	278.9	0.26	%	County: 13,279	Rural - No CBSA	n/a


Community Healthcare Trust			Page \| 21			3Q 2024 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
Princeton Cancer Center	SC	7,236	0.16	%	$	198.5	0.18	%	County: 58,758	Rural - No CBSA	n/a
North Mississippi Health Services	MOB	17,629	0.39	%	$	97.0	0.09	%	County: 35,252	Rural - No CBSA	n/a
North Mississippi Health Services	MOB	27,743	0.62	%	$	152.7	0.14	%	County: 35,252	Rural - No CBSA	n/a
North Mississippi Health Services	MOB	18,074	0.40	%	$	99.5	0.09	%	County: 35,252	Rural - No CBSA	n/a
North Mississippi Health Services	MOB	9,890	0.22	%	$	54.4	0.05	%	County: 35,252	Rural - No CBSA	n/a
Batesville Regional Medical Center	MOB	9,263	0.21	%	$	51.0	0.05	%	County: 34,192	Rural - No CBSA	n/a
Tri Lakes Behavioral	BSF	58,400	1.31	%	$	—	—	%	County: 34,192	Rural - No CBSA	n/a
Dahlonega Medical Mall	MOB	22,804	0.51	%	$	390.2	0.36	%	County: 33,610	Rural - No CBSA	n/a
Lexington Carilion Clinic	PC	15,820	0.35	%	$	384.3	0.36	%	County: 22,573	Rural - No CBSA	n/a
Andalusia Medical Plaza	SC	10,373	0.23	%	$	291.3	0.27	%	County: 37,049	Rural - No CBSA	n/a
Russellville Medical Plaza	MOB	29,129	0.65	%	$	163.5	0.15	%	County: 31,362	Rural - No CBSA	n/a


Community Healthcare Trust			Page \| 22			3Q 2024 \| Supplemental Information

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.


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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, 2023 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.


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