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 28, 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 October 28, 2025, Community Healthcare Trust Incorporated (the "Company") issued a press release announcing its earnings for the third quarter ended September 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 third quarter ended September 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 third quarter ended September 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 October 28, 2025
99.2			Supplemental Information - Third 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
October 28, 2025

EX-99.1 2 earningspressrelease2025q3.htm EX-99.1 Document

Exhibit 99.1

News Release

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

FRANKLIN, Tenn., October 28, 2025 / PRNewswire / -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced results for the three months ended September 30, 2025. The Company reported net income for the three months ended September 30, 2025 of approximately $1.6 million, or $0.03 per diluted common share. Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the three months ended September 30, 2025 totaled $0.50 and $0.56, respectively, per diluted common share.

Items Impacting Our Results include:

•During the third quarter of 2025, the Company acquired an 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. The property is 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.

•During the third quarter of 2025, the geriatric behavioral hospital operator, a tenant in six of the Company's properties, paid rent and interest of approximately $0.2 million. On July 17, 2025, the 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. The buyer continues to perform legal and business due diligence on the transaction; however, the Company cannot provide assurance as to the timing of when, or whether, this transaction will actually close.

•During the third quarter of 2025, the Company disposed of a building in Pennsylvania, received net proceeds of approximately $0.7 million, and recognized a loss of approximately $0.2 million on the sale.

•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 one of these properties in the fourth quarter of 2025 and remaining properties throughout 2026 and 2027; however, the Company cannot provide assurance as to the timing of when, or whether, these transactions will actually close.

•As part of the Company's capital recycling program, the Company had an inpatient rehabilitation facility that met the held for sale criteria in October 2025. The sale of this asset is expected to occur in the fourth quarter of 2025 and the proceeds are generally expected to fund acquisitions through like-kind exchange under Section 1031 of the United States Internal Revenue Code. The Company expects to recognize a gain on sale of approximately $11.5 million.

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

•On October 23, 2025, the Company’s Board of Directors declared a quarterly common stock dividend in the amount of $0.4750 per share. The dividend is payable on November 21, 2025 to stockholders of record on November 7, 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 September 30, 2025, the Company had investments of approximately $1.2 billion in 200 real estate properties (including one property with sales-type leases and two properties classified as held for sale). The properties are located in 36 states, totaling approximately 4.6 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, prolonged government shutdown or budgetary reductions or impasses, 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.

COMMUNITY HEALTHCARE TRUST INCORPORATED

CONSOLIDATED BALANCE SHEETS

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


	(Unaudited)
	September 30, 2025		December 31, 2024

ASSETS
Real estate properties:
Land and land improvements	$	154,272	$	149,501
Buildings, improvements, and lease intangibles	1,035,070		996,104
Personal property	809		326
Total real estate properties	1,190,151		1,145,931
Less accumulated depreciation	(272,481)		(242,609)
Total real estate properties, net	917,670		903,322
Cash and cash equivalents	3,383		4,384


Assets held for sale	6,205		6,755
Other assets, net	60,003		78,102
Total assets	$	987,261	$	992,563

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net	$	530,138	$	485,955
Accounts payable and accrued liabilities	17,205		14,289

Other liabilities, net	13,095		16,354
Total liabilities	560,438		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; 28,471 and 28,242 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively	285		282
Additional paid-in capital	714,890		704,524
Cumulative net income	76,349		85,675
Accumulated other comprehensive gain	7,568		17,631
Cumulative dividends	(372,269)		(332,147)
Total stockholders’ equity	426,823		475,965
Total liabilities and stockholders' equity	$	987,261	$	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.

COMMUNITY HEALTHCARE TRUST INCORPORATED

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024

REVENUES
Rental income	$	30,814	$	29,335	$	90,672	$	85,582


Other operating interest	272		304		(423)		906
	31,086		29,639		90,249		86,488

EXPENSES
Property operating	5,930		5,986		17,610		17,349
General and administrative (1)	4,658		4,935		20,317		14,249
Depreciation and amortization	10,902		10,927		32,724		31,981

	21,490		21,848		70,651		63,579

OTHER (EXPENSE) INCOME

(Loss) Gains on sale and impairments of real estate assets	(888)		5		(248)		(135)
Interest expense	(7,075)		(6,253)		(20,019)		(17,301)
Credit loss reserve	—		—		(8,672)		(11,000)

Interest and other income, net	7		206		15		514
	(7,956)		(6,042)		(28,924)		(27,922)

NET INCOME (LOSS)	$	1,640	$	1,749	$	(9,326)	$	(5,013)

NET INCOME (LOSS) PER COMMON SHARE
Net income (loss) per common share - Basic	$	0.03	$	0.04	$	(0.43)	$	(0.27)
Net income (loss) per common share - Diluted	$	0.03	$	0.04	$	(0.43)	$	(0.27)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC	26,934		26,660		26,824		26,479
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED	26,934		26,660		26,824		26,479
(1) General and administrative expenses for the nine months ended September 30, 2025, included severance and transition-related expenses totaling $1.3 million related to a termination in the second quarter of 2025. Non-cash stock-based compensation expense for the three and nine months ended September 30, 2025 totaled $2.5 million and $12.3 million. respectively. Non-cash stock-based compensation expense for the nine months ended September 30, 2025 included accelerated amortization of $4.6 million related to the termination in the second quarter of 2025. Non-cash stock-based compensation expense for the three and nine months ended September 30, 2024 totaled $2.5 million and $7.4 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.

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,
	2025		2024
Net income	$	1,640	$	1,749
Real estate depreciation and amortization	11,019		11,077


Loss (Gains) on sale and impairments of real estate assets	888		(5)

Total adjustments	11,907		11,072
FFO (1)(2)	$	13,547	$	12,821

Straight-line rent	(913)		(679)
Stock-based compensation	2,465		2,497



AFFO (1)(2)	$	15,099	$	14,639
FFO per Common Share-Diluted (1)(2)	$	0.50	$	0.48
AFFO per Common Share-Diluted (1)(2)	$	0.56	$	0.55
Weighted Average Common Shares Outstanding-Diluted (2)	27,195		26,853


(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. 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

EX-99.2 3 supplementalinfo2025q3.htm EX-99.2 Document

Exhibit 99.2


			CHCT
			LISTED
			NYSE


SUPPLEMENTAL INFORMATION Q3 2025


Community Healthcare Trust						3Q 2025 \| 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 2025 \| Supplemental Information

COMPANY SNAPSHOT


	September 30, 2025
Gross real estate investments (in thousands) (1)	$1,204,425
Total properties	200
% Leased (2)	90.1	%
Total square feet owned	4,556,621
Weighted Average remaining lease term (years)	6.7
Cash and cash equivalents (in thousands)	$3,383
Debt to Total Capitalization	43.1	%
Weighted average interest rate per annum on Revolving Line of Credit(3)	5.4	%
Weighted average interest rate per annum on Term Loans (4)	4.7	%
Equity market cap (in millions)	$435.6
Quarterly dividend paid in the period (per share)	$0.4725
Quarter end stock price (per share)	$15.30
Dividend yield	12.35	%
Common shares outstanding	28,471,424
___________
(1) Includes one property with two sales-type leases and two properties 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.


Community Healthcare Trust			Page \| 3			3Q 2025 \| 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
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			Page \| 4			3Q 2025 \| Supplemental Information

FINANCIAL HIGHLIGHTS


		Three Months Ended
		3Q 2025		2Q 2025		1Q 2025		4Q 2024		3Q 2024
		(Unaudited and in thousands, except per share data)
STATEMENTS OF OPERATIONS ITEMS (1)(2)(3)
	Revenues	$	31,086	$	29,085	$	30,078	$	29,298	$	29,639
	Net income (loss)	$	1,640	$	(12,557)	$	1,591	$	1,832	$	1,749
	NOI	$	25,156	$	23,500	$	23,983	$	23,813	$	23,653
	EBITDAre	$	20,505	$	4,274	$	18,886	$	19,020	$	18,924
	Adjusted EBITDAre	$	22,970	$	20,068	$	21,596	$	21,617	$	21,421
	FFO	$	13,547	$	6,336	$	12,668	$	12,745	$	12,821
	AFFO	$	15,099	$	13,585	$	14,739	$	14,630	$	14,639

Per Diluted Share: (1)(2)(3)
	Net income (loss) attributable to common shareholders	$	0.03	$	(0.50)	$	0.03	$	0.04	$	0.04
	FFO	$	0.50	$	0.23	$	0.47	$	0.48	$	0.48
	AFFO	$	0.56	$	0.50	$	0.55	$	0.55	$	0.55
	___________
(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.
(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.
(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.


Community Healthcare Trust			Page \| 5			3Q 2025 \| Supplemental Information

FINANCIAL HIGHLIGHTS (Continued)


		As of
		3Q 2025			2Q 2025			1Q 2025			4Q 2024			3Q 2024
		(Unaudited and dollars in thousands)
BALANCE SHEET ITEMS
ASSETS
	Total real estate properties	$	1,190,151		$	1,158,312		$	1,148,772		$	1,145,931		$	1,135,463
	Total assets	$	987,261		$	966,292		$	985,114		$	992,563		$	981,779

CAPITALIZATION
	Net debt	$	530,138		$	500,077		$	496,016		$	485,955		$	473,716
	Total capitalization	$	1,229,442		$	1,200,858		$	1,210,874		$	1,204,529		$	1,183,615
	Net debt/total capitalization	43.1		%	41.6		%	41.0		%	40.3		%	40.0		%
	Market valuation	$	435,613		$	471,766		$	514,631		$	542,536		$	512,599
	Enterprise value	$	962,368		$	966,980		$	1,008,376		$	1,024,107		$	983,479


Community Healthcare Trust			Page \| 6			3Q 2025 \| Supplemental Information

CONSOLIDATED BALANCE SHEETS


	As of
	3Q 2025		2Q 2025		1Q 2025		4Q 2024		3Q 2024
ASSETS	(Unaudited; Dollars and shares in thousands, except per share data)
Real estate properties
Land and land improvements	$	154,272	$	152,887	$	149,506	$	149,501	$	146,118
Buildings, improvements, and lease intangibles	1,035,070		1,004,616		998,933		996,104		989,019
Personal property	809		809		333		326		326
Total real estate properties	1,190,151		1,158,312		1,148,772		1,145,931		1,135,463
Less accumulated depreciation	(272,481)		(262,961)		(253,537)		(242,609)		(232,747)
Total real estate properties, net	917,670		895,351		895,235		903,322		902,716
Cash and cash equivalents	3,383		4,863		2,271		4,384		2,836


Assets held for sale, net	6,205		5,465		6,755		6,755		6,351
Other assets, net	60,003		60,613		80,853		78,102		69,876
Total assets	$	987,261	$	966,292	$	985,114	$	992,563	$	981,779

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net	$	530,138	$	500,077	$	496,016	$	485,955	$	473,716
Accounts payable and accrued liabilities	17,205		13,944		12,058		14,289		14,422

Other liabilities, net	13,095		14,451		15,719		16,354		16,489
Total liabilities	560,438		528,472		523,793		516,598		504,627

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	285		284		283		282		282
Additional paid-in capital	714,890		712,498		706,776		704,524		702,014
Cumulative net income	76,349		74,709		87,266		85,675		83,843
Accumulated other comprehensive gain	7,568		9,121		12,402		17,631		10,016
Cumulative dividends	(372,269)		(358,792)		(345,406)		(332,147)		(319,003)
Total stockholders’ equity	426,823		437,820		461,321		475,965		477,152
Total liabilities and stockholders' equity	$	987,261	$	966,292	$	985,114	$	992,563	$	981,779


Community Healthcare Trust			Page \| 7			3Q 2025 \| Supplemental Information

CONSOLIDATED STATEMENTS OF OPERATIONS


	Three Months Ended
	3Q 2025			2Q 2025			1Q 2025			4Q 2024			3Q 2024
	(Unaudited; Dollars and shares in thousands, except per share data)
REVENUES
Rental income	$	30,814		$	30,128		$	29,730		$	28,983		$	29,335


Other operating interest	272			(1,043)			348			315			304
	31,086			29,085			30,078			29,298			29,639

EXPENSES
Property operating	5,930			5,585			6,095			5,485			5,986
General and administrative (1)(2)	4,658			10,559			5,100			4,809			4,935
Depreciation and amortization	10,902			10,879			10,943			10,797			10,927

	21,490			27,023			22,138			21,091			21,848

OTHER (EXPENSE) INCOME

(Loss) Gains on sale and impairments of real estate assets	(888)			640			—			14			5
Interest expense	(7,075)			(6,592)			(6,352)			(6,405)			(6,253)
Credit loss reserve	—			(8,672)			—			—			—

Interest and other income, net	7			5			3			16			206
	(7,956)			(14,619)			(6,349)			(6,375)			(6,042)
NET INCOME (LOSS)	$	1,640		$	(12,557)		$	1,591		$	1,832		$	1,749



NET INCOME (LOSS) PER DILUTED COMMON SHARE	$	0.03		$	(0.50)		$	0.03		$	0.04		$	0.04
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	26,934			26,803			26,733			26,682			26,660
DIVIDENDS DECLARED, PER COMMON SHARE, IN THE PERIOD	$	0.4725		$	0.4700		$	0.4675		$	0.4650		$	0.4625


(1) GENERAL AND ADMINISTRATIVE EXPENSES:
Non-cash vs. Cash:
Non-cash (stock-based compensation)	52.9		%	54.3		%	53.1		%	54.0		%	50.6		%
Cash	47.1		%	45.7		%	46.9		%	46.0		%	49.4		%
As a % of Revenue:
Non-cash (stock-based compensation)	8.0		%	8.7		%	9.0		%	8.8		%	8.4		%
Cash	7.1		%	7.3		%	7.9		%	7.5		%	8.2		%

(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			3Q 2025 \| Supplemental Information

RECONCILIATION OF NON-GAAP MEASURES

FUNDS FROM OPERATIONS (FFO)

ADJUSTED FUNDS FROM OPERATIONS (AFFO)


		Three Months Ended
		3Q 2025		2Q 2025		1Q 2025		4Q 2024		3Q 2024
		(Unaudited; Dollars and shares in thousands, except per share data)
NET INCOME (LOSS)(1)(2)(3)		$	1,640	$	(12,557)	$	1,591	$	1,832	$	1,749
	Real estate depreciation and amortization	11,019		10,861		11,077		10,927		11,077
	Credit loss reserve	—		8,672		—		—		—

	Loss (Gains) on sale and impairments of real estate assets	888		(640)		—		(14)		(5)

FFO(1)(3)		$	13,547	$	6,336	$	12,668	$	12,745	$	12,821
	Straight-line rent	(913)		(1,184)		(639)		(712)		(679)
	Stock-based compensation	2,465		2,531		2,710		2,597		2,497
	Accelerated amortization of stock-based compensation	—		4,591		—		—		—
	Severance and transition related expenses	—		1,311		—		—		—
AFFO(1)(3)		$	15,099	$	13,585	$	14,739	$	14,630	$	14,639
FFO PER COMMON SHARE		$	0.50	$	0.23	$	0.47	$	0.48	$	0.48
AFFO PER COMMON SHARE		$	0.56	$	0.50	$	0.55	$	0.55	$	0.55
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (4)		27,195		27,011		27,007		26,786		26,853
________________

(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.
(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.
(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		$	15,099	$	13,585	$	14,739	$	14,630	$	14,639
	Revenue on Properties Acquired in the period (2)	62		122		—		205		34
	Property operating expense adjustment (2)	(8)		—		—		(48)		(2)
	Interest expense adjustment (3)	(14)		—		(41)		(44)		(10)
AFFO, ADJUSTED FOR ACQUISITIONS		$	15,139	$	13,707	$	14,698	$	14,743	$	14,661

(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)	$	2,465	$	2,531	$	2,710	$	2,597	$	2,498
	Amortization Based on Legal Vesting Periods (2)	2,122		2,035		2,208		2,073		2,019
	Acceleration of Amortization	$	343	$	496	$	502	$	524	$	479

(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			3Q 2025 \| Supplemental Information

RECONCILIATION OF NON-GAAP MEASURES (CONTINUED)

NET OPERATING INCOME (NOI)


		Three Months Ended
		3Q 2025		2Q 2025		1Q 2025		4Q 2024		3Q 2024
		(Unaudited; Dollars and shares in thousands, except per share data)
NET OPERATING INCOME
	Net income (loss)(1)(2)	$	1,640	$	(12,557)	$	1,591	$	1,832	$	1,749
	General and administrative(3)	4,658		4,657		5,100		4,809		4,935
	Severance and transition-related compensation	—		5,902		—		—		—
	Depreciation and amortization	10,902		10,879		10,943		10,797		10,927
	Loss (Gains) on sale and impairments of real estate assets	888		(640)		—		(14)		(5)
	Credit loss reserve	—		8,672		—		—		—
	Interest expense	7,075		6,592		6,352		6,405		6,253

	Interest and other income, net	(7)		(5)		(3)		(16)		(206)
NOI		$	25,156	$	23,500	$	23,983	$	23,813	$	23,653

EBITDAre and ADJUSTED EBITDAre

EBITDAre
	Net (loss) income (1)(2)	$	1,640	$	(12,557)	$	1,591	$	1,832	$	1,749
	Interest expense	7,075		6,592		6,352		6,405		6,253
	Depreciation and amortization	10,902		10,879		10,943		10,797		10,927


	Loss (Gains) on sale and impairments of real estate assets	888		(640)		—		(14)		(5)
EBITDAre		$	20,505	$	4,274	$	18,886	$	19,020	$	18,924
	Non-cash stock-based compensation expense	2,465		2,531		2,710		2,597		2,497
	Accelerated amortization of stock-based compensation	—		4,591		—		—		—
	Credit loss reserve	—		8,672		—		—		—

ADJUSTED EBITDAre		$	22,970	$	20,068	$	21,596	$	21,617	$	21,421

ADJUSTED EBITDAre ANNUALIZED (4)		$	91,880


(1)			During the second quarter of 2025, the Company reversed interest totaling approximately $1.7 million related to a tenant.
(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			3Q 2025 \| Supplemental Information

WEIGHTED AVERAGE SHARES


		Three Months Ended
		3Q 2025		2Q 2025		1Q 2025		4Q 2024		3Q 2024
		(Unaudited; Dollars and shares in thousands, except per share data)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (1)
	Weighted average common shares outstanding	28,430		28,364		28,324		28,242		28,168
	Unvested restricted shares	(1,496)		(1,561)		(1,591)		(1,560)		(1,508)
	Weighted average common shares outstanding - EPS	26,934		26,803		26,733		26,682		26,660

	Weighted average common shares outstanding - FFO Basic	26,934		26,803		26,733		26,682		26,660
	Potential dilutive common shares (from below)	261		208		274		104		193
	Weighted average common shares outstanding - FFO Diluted	27,195		27,011		27,007		26,786		26,853

TREASURY SHARE CALCULATION
	Unrecognized deferred compensation-end of period	$	19,968	$	19,919	$	25,420	$	25,220	$	27,575
	Unrecognized deferred compensation-beginning of period	$	19,919	$	25,420	$	25,668	$	27,575	$	26,168
	Average unrecognized deferred compensation	$	19,944	$	22,670	$	25,544	$	26,398	$	26,872
	Average share price per share	$	15.66	$	16.50	$	19.08	$	18.13	$	20.44
	Treasury shares	1,274		1,374		1,339		1,456		1,315

	Unvested restricted shares	(1,496)		(1,561)		(1,591)		(1,560)		(1,508)
	Unvested restricted share units	(39)		(21)		(22)		—		—
	Treasury shares	1,274		1,374		1,339		1,456		1,315
	Potential dilutive common shares	261		208		274		104		193

(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			3Q 2025 \| Supplemental Information

DEBT SUMMARY


	As of September 30, 2025
	Principal Balance		Stated Rate	Hedged Rate
	(in thousands)

Revolving credit facility (1)	$	256,000	5.82%	3.84% (partial)

Term loan A-4	125,000			3.60%
Term loan A-5	150,000			5.61%


Debt	531,000
Deferred Financing Costs, net	(862)
Debt, net	$	530,138

(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.


Select Covenants	Required	As of September 30, 2025
Leverage ratio	≤ 60.0%	43.8	%
Fixed charge coverage ratio	≥ 1.50x	3.0
Tangible net worth (in thousands)	≥ $504,476	$680,649
Secured indebtedness	≤ 30.0%	—	%
Minimum debt service coverage ratio	≥ 2.0	3.2


Community Healthcare Trust			Page \| 12			3Q 2025 \| Supplemental Information

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
Everest Rehabilitation Hospital Orlando	Ocoee, FL	IRF	7/9/2025	100.0	%	26,500		37,151








				100.0	%	$	36,004	75,490
(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.


Community Healthcare Trust			Page \| 13			3Q 2025 \| Supplemental Information

PORTFOLIO DIVERSIFICATION


Property Type	Annualized Rent (%)
Medical Office Building (MOB)	36.0	%
Inpatient Rehabilitation Facilities (IRF)	21.5	%
Acute Inpatient Behavioral (AIB)	13.0	%
Specialty Centers (SC)	8.7	%
Physician Clinics (PC)	8.6	%
Behavioral Specialty Facilities (BSF)	6.2	%
Surgical Centers and Hospitals (SCH)	3.9	%
Long-term Acute Care Hospitals (LTACH)	2.1	%
Total	100.0	%


State	Annualized Rent (%)
Texas (TX)	16.8	%
Florida (FL)	10.3	%
Ohio (OH)	10.1	%
Illinois (IL)	9.8	%
Pennsylvania (PA)	5.8	%
All Others	47.2	%
Total	100.0	%


Tenant	Annualized Rent (%)
LifePoint Health (LifePoint)	8.7	%
US Healthvest	7.4	%
PAM Health (PAM)	5.1	%
Summit Behavioral Healthcare (Summit)	3.0	%
Assurance Health (Assurance)	3.0	%
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	%
Mercy Rehabilitation Hospital - Northwest Arkansas (Mercy Rehab)	2.1	%
All Others	61.3	%
Total	100.0	%


Community Healthcare Trust			Page \| 14			3Q 2025 \| Supplemental Information

LEASE EXPIRATIONS


		Total Leased Sq. Ft.			Annualized Rent
Year	Number of Leases Expiring	Amount (thousands)	Percent (%)		Amount ($) (thousands)		Percent (%)
2025	8	38	0.9	%	$	905	0.8	%
2026	86	535	13.2	%	12,352		11.3	%
2027	64	364	9.0	%	7,660		7.0	%
2028	67	466	11.5	%	9,680		8.8	%
2029	44	357	8.8	%	9,056		8.3	%
2030	37	304	7.5	%	6,958		6.4	%
2031	26	365	9.0	%	10,300		9.4	%
2032	21	183	4.5	%	3,050		2.8	%
2033	11	65	1.6	%	1,409		1.3	%
2034	19	292	7.2	%	11,629		10.6	%
Thereafter	43	1,054	25.9	%	35,432		32.4	%
Month-to-Month	12	36	0.9	%	994		0.9	%
Totals	438	4,059	100.0	%	$	109,425	100.0	%

Total portfolio was approximately 90.1% leased in the aggregate, excluding real estate assets held for sale, at September 30, 2025 with lease expirations ranging from 2025 through 2045.


Community Healthcare Trust			Page \| 15			3Q 2025 \| Supplemental Information

PROPERTY LOCATIONS

Approximately 51% 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	10,098	0.22	%	$	310.1	0.28	%	12,927,614	Los Angeles-Long Beach-Anaheim, CA	2
Congress Medical Building 350	MOB	17,543	0.39	%	$	167.5	0.15	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Congress Medical Building 390	MOB	30,855	0.68	%	$	519.0	0.47	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Future Diagnostics Group	SC	8,876	0.19	%	$	314.2	0.29	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Gurnee Medical Office Building	MOB	22,968	0.50	%	$	306.3	0.28	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
New Lenox Medical Clinic	PC	7,905	0.17	%	$	347.8	0.32	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Morris Medical Center	MOB	18,470	0.41	%	$	388.7	0.36	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Oak Lawn Medical Plaza	MOB	33,356	0.73	%	$	466.8	0.43	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Lincolnwood Medical Building	PC	14,863	0.33	%	$	323.4	0.30	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Joliet Medical Building	SC	44,888	0.99	%	$	—	—	%	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	%	$	539.8	0.49	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Chicago Behavioral Hospital	AIB	85,000	1.87	%	$	2,270.7	2.08	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
US HealthVest - Lake	AIB	83,658	1.84	%	$	3,009.0	2.75	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Texas Rehabilitation Hospital of Fort Worth, LLC	IRF	39,761	0.87	%	$	2,068.5	1.89	%	8,344,032	Dallas-Fort Worth-Arlington, TX	4
Bayside Medical Center	MOB	50,593	1.11	%	$	1,137.5	1.04	%	7,796,182	Houston-Pasadena-The Woodlands, TX	5
Gessner Road MOB	MOB	14,347	0.31	%	$	363.4	0.33	%	7,796,182	Houston-Pasadena-The Woodlands, TX	5
Clear Lake Institute for Rehabilitation	IRF	55,646	1.22	%	$	3,060.7	2.80	%	7,796,182	Houston-Pasadena-The Woodlands, TX	5
Clinton Towers MOB	MOB	37,371	0.82	%	$	981.6	0.90	%	6,436,489	Washington-Arlington-Alexandria, DC-VA-MD-WV	7
2301 Research Boulevard	MOB	93,109	2.04	%	$	2,122.8	1.94	%	6,436,489	Washington-Arlington-Alexandria, DC-VA-MD-WV	7
TRT Recovery Cartersville, LLC	BSF	38,339	0.84	%	$	524.4	0.48	%	6,411,149	Atlanta-Sandy Springs-Roswell, GA	8
Haddon Hill Professional Center	MOB	25,118	0.55	%	$	302.6	0.28	%	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	0.15	%	5,186,958	Phoenix-Mesa-Chandler, AZ	10
Virtuous Health Center	SCH	11,722	0.26	%	$	136.6	0.12	%	5,186,958	Phoenix-Mesa-Chandler, AZ	10
Desert Mtn Health Center	BSF	14,046	0.31	%	$	—	—	%	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			3Q 2025 \| Supplemental Information


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	1.54	%	$	2,856.6	2.61	%	4,145,494	Seattle-Tacoma-Bellevue, WA	15
Sanford Health Bemidji 1611	MOB	45,800	1.01	%	$	1,616.3	1.48	%	3,757,952	Minneapolis-St. Paul-Bloomington, MN-WI	16
Sanford Health Bemidji 1705	MOB	28,900	0.63	%	$	636.8	0.58	%	3,757,952	Minneapolis-St. Paul-Bloomington, MN-WI	16
Bay Area Physicians Center	MOB	17,943	0.39	%	$	415.9	0.38	%	3,424,560	Tampa-St. Petersburg-Clearwater, FL	17
Sanderling Dialysis Center - 2102	SC	11,300	0.25	%	$	438.9	0.40	%	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	0.16	%	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
Everest Rehabilitation Hospital Orlando, LLC	IRF	37,151	0.82	%	$	2,500.0	2.28	%	2,940,513	Orlando-Kissimmee-Sanford, FL	20
Orthopaedic Associates of Osceola	PC	15,167	0.33	%	$	368.3	0.34	%	2,940,513	Orlando-Kissimmee-Sanford, FL	20
Medical Village at Wintergarden	MOB	21,532	0.47	%	$	627.3	0.57	%	2,940,513	Orlando-Kissimmee-Sanford, FL	20
Waters Edge Medical	MOB	23,388	0.51	%	$	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	0.36	%	$	310.6	0.28	%	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	%	$	387.5	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	0.83	%	$	2,170.6	1.98	%	2,763,006	San Antonio-New Braunfels, TX	24
JDH Professional Building	MOB	12,376	0.27	%	$	264.5	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	%	$	172.5	0.16	%	2,429,917	Pittsburgh, PA	28
Forefront Dermatology Building	PC	15,650	0.34	%	$	362.9	0.33	%	2,429,917	Pittsburgh, PA	28
Greentree Primary Care	MOB	33,715	0.74	%	$	890.9	0.81	%	2,429,917	Pittsburgh, PA	28
Vascular Access Centers of Southern Nevada	SC	4,800	0.11	%	$	127.5	0.12	%	2,429,917	Las Vegas-Henderson-North Las Vegas, NV	29


Community Healthcare Trust			Page \| 17			3Q 2025 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
Assurance Health System - 11690	BSF	14,381	0.32	%	$	588.7	0.54	%	2,302,815	Cincinnati, OH-KY-IN	30
Cavalier Medical & Dialysis Center	MOB	17,614	0.39	%	$	221.7	0.20	%	2,302,815	Cincinnati, OH-KY-IN	30
51 Cavalier Blvd	MOB	17,935	0.39	%	$	180.9	0.17	%	2,302,815	Cincinnati, OH-KY-IN	30
Anderson Ferry Plaza	MOB	43,791	0.96	%	$	650.2	0.59	%	2,302,815	Cincinnati, OH-KY-IN	30
Liberty Rehabilitation Hospital	IRF	37,720	0.83	%	$	2,518.8	2.30	%	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	0.54	%	$	638.2	0.58	%	2,253,579	Kansas City, MO-KS	31
Prairie Star Medical Facility II	MOB	24,840	0.55	%	$	181.9	0.17	%	2,253,579	Kansas City, MO-KS	31
Ravines Edge	MOB	16,751	0.37	%	$	267.5	0.24	%	2,225,377	Columbus, OH	32
Hope Valley Recovery - Circleville	BSF	7,787	0.17	%	$	88.5	0.08	%	2,225,377	Columbus, OH	32
Hopebridge - Columbus	BSF	13,969	0.31	%	$	177.4	0.16	%	2,225,377	Columbus, OH	32
Sedalia Medical Center	MOB	19,426	0.43	%	$	342.8	0.31	%	2,225,377	Columbus, OH	32
Assurance Health, LLC	BSF	10,200	0.22	%	$	395.3	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	1.51	%	2,174,833	Indianapolis-Carmel-Greenwood, IN	33
Brook Park Medical Building	MOB	18,444	0.40	%	$	292.9	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	1.21	%	$	454.0	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	1.55	%	$	646.4	0.59	%	1,700,901	Providence-Warwick, RI-MA	39
Warwick Oncology Center	SC	10,236	0.22	%	$	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	0.87	%	$	2,068.5	1.89	%	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	0.53	%	1,339,345	Memphis, TN-MS-AR	45
Gardendale MOB	MOB	12,956	0.28	%	$	325.6	0.30	%	1,192,583	Birmingham, AL	47
Glastonbury	MOB	48,375	1.06	%	$	950.6	0.87	%	1,169,048	Hartford-West Hartford-East Hartford, CT	50
Sterling Medical Center	MOB	28,478	0.62	%	$	524.5	0.48	%	1,160,172	Buffalo-Cheektowaga, NY	51
Los Alamos Professional Plaza	MOB	43,395	0.95	%	$	424.1	0.39	%	1,160,172	McAllen-Edinburg-Mission, TX	64
UMass Memorial Health Cancer Center	SC	20,046	0.44	%	$	855.3	0.78	%	881,248	Worcester, MA	68


Community Healthcare Trust			Page \| 18			3Q 2025 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
Worcester Behavioral	AIB	81,972	1.80	%	$	2,772.2	2.53	%	881,248	Worcester, MA	68
El Paso Rehabilitation Hospital	IRF	38,000	0.83	%	$	2,203.1	2.01	%	879,392	El Paso, TX	69
Columbia Gastroenterology Surgery Center	PC	17,016	0.37	%	$	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	0.42	%	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	0.58	%	860,959	Cape Coral-Fort Myers, FL	72
Corporate Annex Building	MOB	16,000	0.35	%	$	319.4	0.29	%	860,959	Cape Coral-Fort Myers, FL	72
Wildwood Hammock RPET Facility	SC	10,832	0.24	%	$	442.0	0.40	%	860,959	Cape Coral-Fort Myers, FL	72
Wildwood Hammock - Diagnostic Imaging	SC	9,376	0.21	%	$	417.8	0.38	%	860,959	Cape Coral-Fort Myers, FL	72
Wildwood Hammock - Northland	MOB	1,201	0.03	%	$	14.4	0.01	%	860,959	Cape Coral-Fort Myers, FL	72
Eye Health of America 4101	MOB	43,322	0.95	%	$	1,025.7	0.94	%	860,959	Cape Coral-Fort Myers, FL	72
Eye Health of America 2665	MOB	3,200	0.07	%	$	56.5	0.05	%	860,959	Cape Coral-Fort Myers, FL	72
Eye Health of America 1320	MOB	6,757	0.15	%	$	82.0	0.07	%	860,959	Cape Coral-Fort Myers, FL	72
Parkway Professional Plaza	MOB	41,909	0.92	%	$	1,005.7	0.92	%	852,878	Lakeland-Winter Haven, FL	73
Davita Turner Road	SC	18,125	0.40	%	$	366.0	0.33	%	821,740	Dayton-Kettering-Beavercreek, OH	76
Davita Springboro Pike	SC	10,510	0.23	%	$	189.3	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	0.37	%	753,913	Des Moines-West Des Moines, IA	82
Daytona Medical Office	MOB	20,193	0.44	%	$	378.1	0.35	%	739,516	Deltona-Daytona Beach-Ormond Beach, FL	83
Debary Professional Plaza	MOB	21,361	0.47	%	$	297.3	0.27	%	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	0.31	%	$	309.8	0.28	%	702,209	Akron, Oh	87
Aurora Health Center	PC	15,650	0.34	%	$	344.3	0.31	%	702,209	Akron, Oh	87
Cypress Medical Center	MOB	37,428	0.82	%	$	238.8	0.22	%	661,217	Wichita, KS	89
Family Medicine East	PC	16,581	0.36	%	$	341.6	0.31	%	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	0.11	%	$	322.5	0.29	%	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	0.18	%	$	189.1	0.17	%	615,361	Harrisburg-Carlisle, PA	94


Community Healthcare Trust			Page \| 19			3Q 2025 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
Penn State Health - Harrisburg	SC	10,000	0.22	%	$	200.9	0.18	%	615,361	Harrisburg-Carlisle, PA	94
Mercy Rehabilitation Hospital - Northwest Arkansas	IRF	38,817	0.85	%	$	2,296.1	2.10	%	605,615	Fayetteville-Springdale-Rogers, AR	96
Perrysburg Medical Arts Building	MOB	26,585	0.58	%	$	507.4	0.46	%	601,396	Toledo, OH	98
Sunforest Ct Medical Center	MOB	23,368	0.51	%	$	332.8	0.30	%	601,396	Toledo, OH	98
Assurance - Toledo	BSF	13,290	0.29	%	$	551.3	0.50	%	601,396	Toledo, OH	98
Granite Circle	MOB	17,164	0.38	%	$	242.4	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
Riverview Medical Center	MOB	26,427	0.58	%	$	419.9	0.38	%	574,009	Scranton--Wilkes-Barre, PA	102
NEI - 200	MOB	22,743	0.50	%	$	409.4	0.37	%	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	0.86	%	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	0.85	%	$	2,314.5	2.12	%	509,487	Killeen-Temple, TX	110
Martin Foot & Ankle Clinic	PC	27,100	0.59	%	$	431.7	0.39	%	471,240	York-Hanover, PA	116
UPMC Specialty Care	MOB	25,982	0.57	%	$	453.4	0.41	%	426,086	Youngstown-Warren, OH	131
Biltmore Medical Office	SC	11,099	0.24	%	$	222.4	0.20	%	422,333	Asheville, NC	132
Genesis Care - Weaverville	SC	10,696	0.23	%	$	469.8	0.43	%	422,333	Asheville, NC	132
Lafayette Behavioral	BSF	31,650	0.69	%	$	1,684.9	1.54	%	419,704	Lafayette, LA	133
Belden Medical Arts Building	MOB	47,366	1.04	%	$	506.7	0.46	%	400,551	Canton-Massillon, OH	139
Hills & Dales Professional Center	MOB	27,920	0.61	%	$	351.6	0.32	%	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	%	$	190.5	0.17	%	313,876	Kingsport-Bristol, TN-VA	167
Bluewater Orthopedics Center	MOB	10,255	0.23	%	$	223.8	0.20	%	310,149	Crestview-Fort Walton Beach-Destin, FL	169
Londonderry Centre	MOB	21,203	0.47	%	$	378.4	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	0.85	%	$	2,349.2	2.15	%	295,490	Longview, TX	174
Gulf Coast Cancer Centers-Foley	SC	6,146	0.13	%	$	174.7	0.16	%	261,608	Daphne-Fairhope-Foley, AL	193


Community Healthcare Trust			Page \| 20			3Q 2025 \| Supplemental Information


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	2.26	%	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	2.91	%	$	3,263.5	2.98	%	202,091	Charleston, WV	232
Tuscola Professional Building	MOB	25,500	0.56	%	$	622.4	0.57	%	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	0.57	%	181,121	Redding, CA	250
Decatur Morgan Hospital Medical Office Building	MOB	35,933	0.79	%	$	582.4	0.53	%	159,651	Decatur, AL	273
Bourbonnais Medical Center	MOB	54,894	1.20	%	$	847.6	0.77	%	106,410	Kankakee, IL	351
Parkside Family & Davita Clinics	MOB	15,637	0.34	%	$	220.9	0.20	%	99,170	Victoria, TX	366
Cub Lake Square	MOB	48,993	1.08	%	$	811.4	0.74	%	109,516	Show Low, AZ	N/A


Emory Healthcare - 303	MOB	61,301	1.35	%	$	924.8	0.85	%	105,326	LaGrange, GA-AL	N/A
Emory Southern Orthopedics - 1805	MOB	31,473	0.69	%	$	730.8	0.67	%	105,326	LaGrange, GA-AL	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	1.23	%	$	1,059.0	0.97	%	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	%	$	389.9	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	%	$	479.5	0.44	%	55,990	Pahrump, NV	N/A
Arkansas Valley Surgery Center	MOB	10,717	0.24	%	$	234.6	0.21	%	50,093	Cañon City, CO	N/A
Sanford West Behavioral Facility	BSF	96,886	2.13	%	$	1,421.3	1.30	%	45,442	Grand Rapids, MN	N/A
Fremont Medical Office Building & Surgery Ctr	MOB	13,050	0.29	%	$	338.6	0.31	%	37,884	Fremont, NE	N/A
Baylor Scott & White Clinic	PC	37,354	0.82	%	$	495.6	0.45	%	37,810	Brenham, TX	N/A
Eyecare Partners - 408	PC	8,421	0.18	%	$	134.3	0.12	%	36,437	Centralia, IL	N/A
Ottumwa Medical Clinic - 1005	MOB	68,895	1.51	%	$	763.3	0.70	%	35,681	Ottumwa, IA	N/A
Ottumwa Medical Clinic - 1007	MOB	6,850	0.15	%	$	96.2	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
Andalusia Medical Plaza	SC	10,373	0.23	%	$	294.4	0.27	%	County: 37,049	Rural - No CBSA	N/A
Russellville Medical Plaza	MOB	29,129	0.64	%	$	168.2	0.15	%	County: 31,362	Rural - No CBSA	N/A


Community Healthcare Trust			Page \| 21			3Q 2025 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
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	1.28	%	$	—	—	%	County: 34,192	Rural - No CBSA	N/A
Dahlonega Medical Mall	MOB	22,805	0.50	%	$	390.8	0.36	%	County: 33,610	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
North Mississippi Health Services - 1107	MOB	17,629	0.39	%	$	99.8	0.09	%	County: 35,252	Rural - No CBSA	N/A
North Mississippi Health Services - 1111	MOB	27,743	0.61	%	$	157.1	0.14	%	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
Princeton Cancer Center	SC	7,236	0.16	%	$	204.4	0.19	%	County: 58,758	Rural - No CBSA	N/A
Sanderling Dialysis Center - 102	SC	5,217	0.11	%	$	287.1	0.26	%	County: 13,279	Rural - No CBSA	N/A
Wellmont Lebanon Urgent Care	SC	8,369	0.18	%	$	108.8	0.10	%	County: 26,586	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	0.29	%	County: 3,900	Rural - No CBSA	N/A


Community Healthcare Trust			Page \| 22			3Q 2025 \| 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, 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.


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