Overview

* Community Healthcare Trust ( CHCT ) Q2 net loss of $12.6 mln, impacted by credit loss reserve

* FFO per share reduced by $0.22 due to severance and transition charges

* Co acquired Florida facility for $26.5 mln, 100% leased until 2040

Outlook

* Company anticipates closing on six property acquisitions through 2027

* Community Healthcare Trust ( CHCT ) expects returns of 9.1% to 9.75% on new investments

* Company cannot assure timing of tenant business sale closure

Result Drivers

* CREDIT LOSS RESERVE - $8.7 mln credit loss reserve on notes receivable from geriatric behavioral hospital tenant impacted net loss

* SEVERANCE CHARGES - $5.9 mln severance and transition-related charges reduced FFO per share by $0.22

* ACQUISITION IMPACT - Acquisition of Florida facility for $26.5 mln, 100% leased until 2040, funded by Revolving Credit Facility

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $30.13

Rental mln

Income

Q2 -$0.50

Diluted

EPS

Q2 Net -$12.56

Income mln

Q2 Basic -$0.50

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "buy"

* Wall Street's median 12-month price target for Community Healthcare Trust Inc ( CHCT ) is $19.50, about 16.1% above its July 28 closing price of $16.36

* The stock recently traded at 56 times the next 12-month earnings vs. a P/E of 45 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)