Form 8-K
8-K — Community Healthcare Trust Inc
Accession: 0001631569-26-000027
Filed: 2026-05-05
Period: 2026-05-05
CIK: 0001631569
SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)
Item: Results of Operations and Financial Condition
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — chct-20260505.htm (Primary)
EX-99.1 (earningspressrelease2026q1.htm)
EX-99.2 (supplementalinfo2026q1.htm)
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8-K
8-K (Primary)
Filename: chct-20260505.htm · Sequence: 1
chct-20260505
false000163156900016315692026-05-052026-05-05
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): May 5, 2026
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 May 5, 2026, Community Healthcare Trust Incorporated (the "Company") issued a press release announcing its earnings for the first quarter ended March 31, 2026. 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 first quarter ended March 31, 2026, 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 first quarter ended March 31, 2026 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 May 5, 2026
99.2
Supplemental Information - First Quarter 2026
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
May 5, 2026
EX-99.1
EX-99.1
Filename: earningspressrelease2026q1.htm · Sequence: 2
Document
Exhibit 99.1
News Release
Community Healthcare Trust Announces Results for the Three Months Ended March 31, 2026
FRANKLIN, Tenn., May 5, 2026 / PRNewswire / -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced results for the three months ended March 31, 2026. The Company reported net income for the three months ended March 31, 2026 of approximately $2.5 million, or $0.07 per diluted common share. Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the three months ended March 31, 2026 totaled $0.49 and $0.56 per diluted common share, respectively.
Items Impacting Our Results include:
•During the first quarter of 2026, the Company acquired an inpatient rehabilitation facility in Florida upon completion of construction for a purchase price and cash consideration of approximately $28.5 million. The property was 100.0% leased to a tenant with a lease expiration in 2044 and an expected return of approximately 9.3%. The acquisition was funded with net proceeds from the Revolving Credit Facility and asset sales.
•During the first quarter of 2026, the Company disposed of one property and received net proceeds of approximately $5.2 million. The Company also received net proceeds of approximately $0.7 million for a property disposed of during the fourth quarter of 2025.
•During the first quarter of 2026, the geriatric behavioral hospital operator, a tenant in six of the Company's properties, paid $0.3 million in rent, an increase of $0.1 million from the fourth quarter of 2025. In July 2025, the tenant signed a Letter of Intent (LOI) for the sale of its business to a behavioral healthcare provider. The buyer is finalizing legal and business due diligence and has entered the drafting phase of the definitive purchase documents, including new leases on the six hospitals owned by the Company. While the transaction is progressing, the Company cannot provide assurance regarding the specific timing or the ultimate certainty of the closing.
•The Company has four properties under definitive purchase agreements, to be acquired after completion and occupancy, for an aggregate expected purchase price of approximately $99.0 million. The Company's expected returns on these investments are approximately 9.1% to 9.75%. The Company anticipates closing on these properties throughout 2026 and 2027; however, the Company cannot provide assurance as to the timing of when, or whether, these transactions will actually close.
•During the first quarter of 2026, the Company did not issue any shares under its ATM program.
•On April 30, 2026, the Company’s Board of Directors declared a quarterly common stock dividend in the amount of $0.48 per share. The dividend is payable on May 22, 2026 to stockholders of record on May 11, 2026.
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 March 31, 2026, the Company had investments of approximately $1.2 billion in 198 real estate properties (including one property with sales-type leases). The properties are located in 36 states, totaling approximately 4.5 million square feet in the aggregate.
Additional information regarding the Company, including this quarter's operations, can be found at www.chct.reit. Please contact the Company at 615-771-3052 to request a printed copy of this information.
1
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 international conflicts, 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, 2025, and the Company’s other filings with the Securities and Exchange Commission from time to time. Readers are therefore cautioned not to place undue reliance on the forward-looking statements contained herein which speak only as of the date hereof. The Company intends these forward-looking statements to speak only as of the time of this press release and undertakes no obligation to update forward-looking statements, whether as a result of new information, future developments, or otherwise, except as may be required by law.
2
COMMUNITY HEALTHCARE TRUST INCORPORATED
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars and shares in thousands, except per share amounts)
(Unaudited)
March 31, 2026 December 31, 2025
ASSETS
Real estate properties:
Land and land improvements
$ 162,587 $ 154,673
Buildings, improvements, and lease intangibles
1,074,680 1,047,743
Personal property
813 813
Total real estate properties
1,238,080 1,203,229
Less accumulated depreciation
(290,958) (280,316)
Total real estate properties, net
947,122 922,913
Cash and cash equivalents
2,617 3,340
Assets held for sale — 5,265
Other assets, net
60,354 59,239
Total assets
$ 1,010,093 $ 990,757
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net
$ 559,260 $ 532,199
Accounts payable and accrued liabilities
16,431 14,925
Other liabilities, net
13,059 14,246
Total liabilities
588,750 561,370
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; 28,572 and 28,471 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively
286 285
Additional paid-in capital
719,819 717,450
Cumulative net income
93,325 90,777
Accumulated other comprehensive gain
7,395 6,691
Cumulative dividends
(399,482) (385,816)
Total stockholders’ equity
421,343 429,387
Total liabilities and stockholders' equity
$ 1,010,093 $ 990,757
The Consolidated Balance Sheets do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.
3
COMMUNITY HEALTHCARE TRUST INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025
(Dollars and shares in thousands, except per share amounts)
Three Months Ended
March 31,
2026 2025
(Unaudited)
REVENUES
Rental income $ 31,269 $ 29,730
Other operating interest 255 348
31,524 30,078
EXPENSES
Property operating 6,369 6,095
General and administrative
5,108 5,100
Depreciation and amortization 10,657 10,943
22,134 22,138
OTHER (EXPENSE) INCOME
Loss on the sale of real estate assets (46) —
Interest expense (6,799) (6,352)
Interest and other income, net 3 3
(6,842) (6,349)
NET INCOME $ 2,548 $ 1,591
NET INCOME PER COMMON SHARE
Net income per common share - Basic $ 0.07 $ 0.03
Net income per common share - Diluted $ 0.07 $ 0.03
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC 26,991 26,733
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED 26,991 26,733
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.
4
COMMUNITY HEALTHCARE TRUST INCORPORATED
RECONCILIATION OF FFO and AFFO (1)
(Unaudited; Dollars and shares in thousands, except per share amounts)
Three Months Ended March 31,
2026 2025
Net income $ 2,548 $ 1,591
Real estate depreciation and amortization 10,805 11,077
Loss on the sale of real estate assets 46 —
Total adjustments 10,851 11,077
FFO (1)(2)
$ 13,399 $ 12,668
Straight-line rent (760) (639)
Stock-based compensation 2,711 2,710
AFFO (1)(2)
$ 15,350 $ 14,739
FFO per Common Share-Diluted (1)(2)
$ 0.49 $ 0.47
AFFO per Common Share-Diluted (1)(2)
$ 0.56 $ 0.55
Weighted Average Common Shares Outstanding-Diluted (2)
27,570 27,007
(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
5
EX-99.2
EX-99.2
Filename: supplementalinfo2026q1.htm · Sequence: 3
Document
Exhibit 99.2
CHCT
LISTED
NYSE
SUPPLEMENTAL INFORMATION
Q1 2026
Community Healthcare Trust 1Q 2026 | 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
24
Disclaimers
27
Community Healthcare Trust 1Q 2026 | Supplemental Information
COMPANY SNAPSHOT
March 31, 2026
Gross real estate investments (in thousands) (1)
$1,246,149
Total properties 198
% Leased 89.8 %
Total square feet owned 4,535,753
Weighted Average remaining lease term (years) 7.2
Cash and cash equivalents (in thousands) $2,617
Debt to Total Capitalization 44.0 %
Interest rate per annum on Revolving Line of Credit 5.3 %
Weighted average interest rate per annum on Term Loans (2)
4.7 %
Equity market cap (in millions) $454.0
Quarterly dividend paid in the period (per share) $0.4775
Quarter end stock price (per share) $15.89
Dividend yield 12.0 %
Common shares outstanding 28,571,793
___________
(1) Includes one property with sales-type leases.
(2) Term Loans are fully hedged; this rate represents the weighted average hedged rates.
Community Healthcare Trust
Page | 3
1Q 2026 | 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 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 M. Lewis - Truist Securities
J. Kammert - Evercore ISI 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
1Q 2026 | Supplemental Information
FINANCIAL HIGHLIGHTS
Three Months Ended
1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025
(Unaudited and in thousands, except per share data)
STATEMENTS OF OPERATIONS ITEMS (1)(2)(3)(4)
Revenues $ 31,524 $ 30,946 $ 31,086 $ 29,085 $ 30,078
Net income (loss) $ 2,548 $ 14,428 $ 1,640 $ (12,557) $ 1,591
NOI $ 25,155 $ 24,932 $ 25,156 $ 23,500 $ 23,983
EBITDAre
$ 20,050 $ 20,173 $ 20,505 $ 4,274 $ 18,886
Adjusted EBITDAre
$ 22,761 $ 22,772 $ 22,970 $ 20,068 $ 21,596
FFO $ 13,399 $ 13,329 $ 13,547 $ 6,336 $ 12,668
AFFO $ 15,350 $ 14,943 $ 15,099 $ 13,585 $ 14,739
Per Diluted Share: (1)(2)(3)(4)
Net income (loss) attributable to common shareholders
$ 0.07 $ 0.51 $ 0.03 $ (0.50) $ 0.03
FFO $ 0.49 $ 0.49 $ 0.50 $ 0.23 $ 0.47
AFFO $ 0.56 $ 0.55 $ 0.56 $ 0.50 $ 0.55
___________
(1) Net income for the fourth quarter of 2025 included net gains on sale, net of losses, totaling approximately $12.3 million, resulting in an increase of $0.46 per diluted share.
(2) 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, FFO, and AFFO.
(3) 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.
(4) 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
1Q 2026 | Supplemental Information
FINANCIAL HIGHLIGHTS (Continued)
As of
1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025
(Unaudited and dollars in thousands)
BALANCE SHEET ITEMS
ASSETS
Total real estate properties $ 1,238,080 $ 1,203,229 $ 1,190,151 $ 1,158,312 $ 1,148,772
Total assets $ 1,010,093 $ 990,757 $ 987,261 $ 966,292 $ 985,114
CAPITALIZATION
Net debt $ 559,260 $ 532,199 $ 530,138 $ 500,077 $ 496,016
Total capitalization $ 1,271,561 $ 1,241,902 $ 1,229,442 $ 1,200,858 $ 1,210,874
Net debt/total capitalization 44.0 % 42.9 % 43.1 % 41.6 % 41.0 %
Market valuation $ 454,006 $ 467,501 $ 435,613 $ 471,766 $ 514,631
Enterprise value $ 1,010,649 $ 996,360 $ 962,368 $ 966,980 $ 1,008,376
Community Healthcare Trust
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1Q 2026 | Supplemental Information
CONSOLIDATED BALANCE SHEETS
As of
1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025
ASSETS
(Unaudited; Dollars and shares in thousands, except per share data)
Real estate properties
Land and land improvements
$ 162,587 $ 154,673 $ 154,272 $ 152,887 $ 149,506
Buildings, improvements, and lease intangibles
1,074,680 1,047,743 1,035,070 1,004,616 998,933
Personal property
813 813 809 809 333
Total real estate properties
1,238,080 1,203,229 1,190,151 1,158,312 1,148,772
Less accumulated depreciation
(290,958) (280,316) (272,481) (262,961) (253,537)
Total real estate properties, net
947,122 922,913 917,670 895,351 895,235
Cash and cash equivalents
2,617 3,340 3,383 4,863 2,271
Assets held for sale, net — 5,265 6,205 5,465 6,755
Other assets, net
60,354 59,239 60,003 60,613 80,853
Total assets
$ 1,010,093 $ 990,757 $ 987,261 $ 966,292 $ 985,114
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net
$ 559,260 $ 532,199 $ 530,138 $ 500,077 $ 496,016
Accounts payable and accrued liabilities
16,431 14,925 17,205 13,944 12,058
Other liabilities, net
13,059 14,246 13,095 14,451 15,719
Total liabilities
588,750 561,370 560,438 528,472 523,793
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
286 285 285 284 283
Additional paid-in capital
719,819 717,450 714,890 712,498 706,776
Cumulative net income
93,325 90,777 76,349 74,709 87,266
Accumulated other comprehensive gain
7,395 6,691 7,568 9,121 12,402
Cumulative dividends
(399,482) (385,816) (372,269) (358,792) (345,406)
Total stockholders’ equity
421,343 429,387 426,823 437,820 461,321
Total liabilities and stockholders' equity
$ 1,010,093 $ 990,757 $ 987,261 $ 966,292 $ 985,114
Community Healthcare Trust
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1Q 2026 | Supplemental Information
CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended
1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025
(Unaudited; Dollars and shares in thousands, except per share data)
REVENUES
Rental income
$ 31,269 $ 30,679 $ 30,814 $ 30,128 $ 29,730
Other operating interest
255 267 272 (1,043) 348
31,524 30,946 31,086 29,085 30,078
EXPENSES
Property operating
6,369 6,014 5,930 5,585 6,095
General and administrative (1)(2)
5,108 4,778 4,658 10,559 5,100
Depreciation and amortization
10,657 10,814 10,902 10,879 10,943
22,134 21,606 21,490 27,023 22,138
OTHER (EXPENSE) INCOME
(Loss) gain, net of impairment, on the sale of real estate assets (46) 12,051 (888) 640 —
Interest expense (6,799) (6,959) (7,075) (6,592) (6,352)
Credit loss reserve — — — (8,672) —
Deferred income tax expense — (23) — — —
Interest and other income, net 3 19 7 5 3
(6,842) 5,088 (7,956) (14,619) (6,349)
NET INCOME (LOSS) $ 2,548 $ 14,428 $ 1,640 $ (12,557) $ 1,591
NET INCOME (LOSS) PER DILUTED COMMON SHARE $ 0.07 $ 0.51 $ 0.03 $ (0.50) $ 0.03
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
26,991 26,953 26,934 26,803 26,733
DIVIDENDS DECLARED, PER COMMON SHARE, IN THE PERIOD
$ 0.4775 $ 0.4750 $ 0.4725 $ 0.4700 $ 0.4675
(1) GENERAL AND ADMINISTRATIVE EXPENSES:
Non-cash vs. Cash:
Non-cash (stock-based compensation)
53.1 % 54.4 % 52.9 % 54.3 % 53.1 %
Cash
46.9 % 45.6 % 47.1 % 45.7 % 46.9 %
As a % of Revenue:
Non-cash (stock-based compensation)
8.6 % 8.4 % 8.0 % 8.7 % 9.0 %
Cash
7.6 % 7.0 % 7.1 % 7.3 % 7.9 %
(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
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1Q 2026 | Supplemental Information
RECONCILIATION OF NON-GAAP MEASURES
FUNDS FROM OPERATIONS (FFO)
ADJUSTED FUNDS FROM OPERATIONS (AFFO)
Three Months Ended
1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025
(Unaudited; Dollars and shares in thousands, except per share data)
NET INCOME (LOSS)(1)(2)(3)(4)
$ 2,548 $ 14,428 $ 1,640 $ (12,557) $ 1,591
Real estate depreciation and amortization 10,805 10,952 11,019 10,861 11,077
Credit loss reserve — — — 8,672 —
Loss (gain), net of impairment, on the sale of real estate assets 46 (12,051) 888 (640) —
FFO(1)(3)
$ 13,399 $ 13,329 $ 13,547 $ 6,336 $ 12,668
Straight-line rent (760) (985) (913) (1,184) (639)
Stock-based compensation 2,711 2,599 2,465 2,531 2,710
Accelerated amortization of stock-based compensation — — — 4,591 —
Severance and transition related expenses — — — 1,311 —
AFFO(2)(3)
$ 15,350 $ 14,943 $ 15,099 $ 13,585 $ 14,739
FFO PER COMMON SHARE $ 0.49 $ 0.49 $ 0.50 $ 0.23 $ 0.47
AFFO PER COMMON SHARE $ 0.56 $ 0.55 $ 0.56 $ 0.50 $ 0.55
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 27,570 27,259 27,195 27,011 27,007
________________
(1) Net income for the fourth quarter of 2025 included net gains on sale, net of losses, totaling approximately $12.3 million, resulting in an increase of $0.46 per diluted share.
(2) 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.
(3) 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.
(4) 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.
AFFO, ADJUSTED FOR ACQUISITIONS (1)
AFFO $ 15,350 $ 14,943 $ 15,099 $ 13,585 $ 14,739
Revenue on Properties Acquired in the period (2)
422 510 62 122 —
Property operating expense adjustment (2)
(63) (67) (8) — —
Interest expense adjustment (3)
(83) (114) (14) — (41)
AFFO, ADJUSTED FOR ACQUISITIONS $ 15,626 $ 15,272 $ 15,139 $ 13,707 $ 14,698
(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)
$ 2,711 $ 2,599 $ 2,465 $ 2,531 $ 2,710
Amortization Based on Legal Vesting Periods (2)
2,155 2,173 2,122 2,035 2,208
Acceleration of Amortization $ 556 $ 426 $ 343 $ 496 $ 502
(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
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1Q 2026 | Supplemental Information
RECONCILIATION OF NON-GAAP MEASURES (CONTINUED)
NET OPERATING INCOME (NOI)
Three Months Ended
1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025
(Unaudited; Dollars and shares in thousands, except per share data)
NET OPERATING INCOME
Net income (loss)(1)(2)
$ 2,548 $ 14,428 $ 1,640 $ (12,557) $ 1,591
General and administrative(3)
5,108 4,778 4,658 4,657 5,100
Accelerated amortization of deferred compensation — — — 4,591 —
Severance and transition-related compensation — — — 1,311 —
Depreciation and amortization 10,657 10,814 10,902 10,879 10,943
Loss (gain), net of impairment, on the sales of real estate assets 46 (12,051) 888 (640) —
Credit loss reserve — — — 8,672 —
Interest expense 6,799 6,959 7,075 6,592 6,352
Deferred Income tax expense — 23 — — —
Interest and other income, net (3) (19) (7) (5) (3)
NOI $ 25,155 $ 24,932 $ 25,156 $ 23,500 $ 23,983
EBITDAre and ADJUSTED EBITDAre
EBITDAre
Net (loss) income (1)(2)
$ 2,548 $ 14,428 $ 1,640 $ (12,557) $ 1,591
Interest expense 6,799 6,959 7,075 6,592 6,352
Depreciation and amortization 10,657 10,814 10,902 10,879 10,943
Deferred Income tax expense — 23 — — —
Loss (gain), net of impairment, on the sale of real estate assets 46 (12,051) 888 (640) —
EBITDAre
$ 20,050 $ 20,173 $ 20,505 $ 4,274 $ 18,886
Non-cash stock-based compensation expense 2,711 2,599 2,465 2,531 2,710
Accelerated amortization of stock-based compensation — — — 4,591 —
Credit loss reserve — — — 8,672 —
ADJUSTED EBITDAre
$ 22,761 $ 22,772 $ 22,970 $ 20,068 $ 21,596
ADJUSTED EBITDAre ANNUALIZED (4)
$ 91,044
(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
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1Q 2026 | Supplemental Information
WEIGHTED AVERAGE SHARES
Three Months Ended
1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025
(Unaudited; Dollars and shares in thousands, except per share data)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (1)
Weighted average common shares outstanding 28,556 28,471 28,430 28,364 28,324
Unvested restricted shares
(1,565) (1,518) (1,496) (1,561) (1,591)
Weighted average common shares outstanding - EPS
26,991 26,953 26,934 26,803 26,733
Weighted average common shares outstanding - FFO Basic
26,991 26,953 26,934 26,803 26,733
Potential dilutive common shares (from below) 579 306 261 208 274
Weighted average common shares outstanding - FFO Diluted 27,570 27,259 27,195 27,011 27,007
TREASURY SHARE CALCULATION
Unrecognized deferred compensation-end of period $ 17,257 $ 17,665 $ 19,968 $ 19,919 $ 25,420
Unrecognized deferred compensation-beginning of period $ 17,665 $ 19,968 $ 19,919 $ 25,420 $ 25,668
Average unrecognized deferred compensation $ 17,461 $ 18,817 $ 19,944 $ 22,670 $ 25,544
Average share price per share $ 16.87 $ 14.93 $ 15.66 $ 16.50 $ 19.08
Treasury shares 1,035 1,260 1,274 1,374 1,339
Unvested restricted shares (1,565) (1,518) (1,496) (1,561) (1,591)
Unvested restricted share units (49) (48) (39) (21) (22)
Treasury shares 1,035 1,260 1,274 1,374 1,339
Potential dilutive common shares 579 306 261 208 274
(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
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1Q 2026 | Supplemental Information
DEBT SUMMARY
As of March 31, 2026
Principal
Balance Stated
Rate Hedged
Rate
(in thousands)
Revolving credit facility (1)
$ 285,000 5.33% n/a
Term loan A-4 125,000 3.60%
Term loan A-5 150,000 5.61%
Debt 560,000
Deferred Financing Costs, net (740)
Debt, net $ 559,260
(1) Interest rate swaps previously entered into to fix the interest rates on the A-3 Term Loan were left in place on the Revolving Credit Facility through their maturity on March 29, 2026.
Select Covenants Required
As of March 31, 2026
Leverage ratio ≤ 60.0% 44.7 %
Fixed charge coverage ratio ≥ 1.50x 2.9
Tangible net worth (in thousands) ≥ $504,476 $692,210
Secured indebtedness ≤ 30.0% — %
Minimum debt service coverage ratio ≥ 2.0 3.2
Community Healthcare Trust
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1Q 2026 | Supplemental Information
2026 PROPERTY INVESTMENTS
Property Market Property
Type Date
Acquired % Leased at Acquisition
Purchase
Price
(in thousands)
Square Feet
Nobis Rehabilitation Hospital Pinellas Park, FL IRF 2/19/2026 100.0 % $ 28,500 37,151
100.0 % $ 28,500 37,151
Community Healthcare Trust
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1Q 2026 | Supplemental Information
PORTFOLIO DIVERSIFICATION
Property Type Annualized Rent (%)
Medical Office Building (MOB) 34.9 %
Inpatient Rehabilitation Facilities (IRF) 23.2 %
Acute Inpatient Behavioral (AIB) 12.4 %
Physician Clinics (PC) 8.3 %
Specialty Centers (SC) 8.2 %
Behavioral Specialty Facilities (BSF) 7.0 %
Surgical Centers and Hospitals (SCH) 4.0 %
Long-term Acute Care Hospitals (LTACH) 2.0 %
Total 100.0 %
State Annualized
Rent (%)
Florida (FL) 14.4 %
Texas (TX) 14.1 %
Ohio (OH) 9.5 %
Illinois (IL) 9.4 %
Pennsylvania (PA) 5.8 %
All Others 46.8 %
Total 100.0 %
Tenant Annualized
Rent (%)
US Healthvest 7.1 %
Lifepoint Health (Lifepoint) 6.3 %
PAM Health (PAM) 4.9 %
Assurance Health (Assurance) 2.9 %
Summit Behavioral Healthcare (Summit) 2.8 %
UPMC - University of Pittsburgh Medical Center 2.6 %
Worcester Behavioral Innovations Hospital (Worcester) 2.4 %
Nobis Rehabilitation Partners 2.3 %
Exalt Health, LLC 2.3 %
Oceans Behavioral (Oceans) 2.3 %
All Others 64.1 %
Total 100.0 %
Community Healthcare Trust
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1Q 2026 | Supplemental Information
LEASE EXPIRATIONS
Total Leased Sq. Ft. Annualized Rent
Year Number of
Leases Expiring
Amount
(thousands)
Percent (%)
Amount ($)
(thousands)
Percent (%)
2026 57 329 8.1 % $ 7,313 6.4 %
2027 71 386 9.5 % 8,738 7.6 %
2028 72 485 11.9 % 10,240 8.9 %
2029 46 375 9.2 % 9,675 8.4 %
2030 36 294 7.2 % 6,879 6.0 %
2031 33 410 10.1 % 11,315 9.8 %
2032 24 201 4.9 % 3,917 3.4 %
2033 15 85 2.1 % 1,704 1.5 %
2034 20 260 6.4 % 9,496 8.3 %
2035 16 233 5.7 % 8,942 7.8 %
Thereafter 42 1,003 24.6 % 36,564 31.7 %
Month-to-Month 5 12 0.3 % 200 0.2 %
Totals 437 4,073 100.0 % $ 114,983 100.0 %
Total portfolio was approximately 89.8% leased in the aggregate at March 31, 2026 with lease expirations ranging from 2026 through 2046.
Community Healthcare Trust
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1Q 2026 | Supplemental Information
PROPERTY LOCATIONS
Approximately 53% 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 10,098 0.22 % $ 313.8 0.27 % 12,844,441 Los Angeles-Long Beach-Anaheim, CA 2
Congress Medical Building 350 MOB 17,543 0.39 % $ 169.7 0.15 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Congress Medical Building 390 MOB 30,855 0.68 % $ 526.0 0.46 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Future Diagnostics Group SC 8,876 0.20 % $ 320.5 0.28 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Gurnee Medical Office Building MOB 22,968 0.51 % $ 174.8 0.15 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
New Lenox Medical Clinic PC 7,905 0.17 % $ 347.8 0.30 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Morris Medical Center MOB 18,470 0.41 % $ 388.7 0.34 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Oak Lawn Medical Plaza MOB 33,356 0.74 % $ 466.8 0.41 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Lincolnwood Medical Building PC 14,863 0.33 % $ 323.4 0.28 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Joliet Medical Building SC 44,888 0.99 % $ 462.0 0.40 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Endeavor Health PC 13,700 0.30 % $ 284.3 0.25 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Skin MD PC 13,565 0.30 % $ 539.8 0.47 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Chicago Behavioral Hospital AIB 85,000 1.87 % $ 2,270.7 1.97 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
US HealthVest - Lake AIB 83,658 1.84 % $ 3,054.1 2.66 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Texas Rehabilitation Hospital of Fort Worth, LLC IRF 39,761 0.88 % $ 2,109.9 1.83 % 8,477,157 Dallas-Fort Worth-Arlington, TX 4
Bayside Medical Center MOB 50,593 1.12 % $ 1,119.8 0.97 % 7,904,627 Houston-Pasadena-The Woodlands, TX 5
Gessner Road MOB MOB 14,347 0.32 % $ 368.2 0.32 % 7,904,627 Houston-Pasadena-The Woodlands, TX 5
Clear Lake Institute for Rehabilitation IRF 55,646 1.23 % $ 3,137.2 2.73 % 7,904,627 Houston-Pasadena-The Woodlands, TX 5
TRT Recovery Cartersville, LLC BSF 38,339 0.85 % $ 1,048.8 0.91 % 6,482,182 Atlanta-Sandy Springs-Roswell, GA 6
Clinton Towers MOB MOB 37,371 0.82 % $ 916.1 0.80 % 6,465,724 Washington-Arlington-Alexandria, DC-VA-MD-WV 7
2301 Research Boulevard MOB 93,109 2.05 % $ 2,282.9 1.99 % 6,465,724 Washington-Arlington-Alexandria, DC-VA-MD-WV 7
Haddon Hill Professional Center MOB 25,118 0.55 % $ 303.7 0.26 % 6,329,118 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 9
Hopebridge - Westlake BSF 15,057 0.33 % $ 239.2 0.21 % 6,329,118 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 9
Continuum Wellness Center MOB 8,227 0.18 % $ 169.6 0.15 % 5,228,938 Phoenix-Mesa-Chandler, AZ 10
Virtuous Health Center SCH 11,722 0.26 % $ 441.3 0.38 % 5,228,938 Phoenix-Mesa-Chandler, AZ 10
Desert Mtn Health Center BSF 14,046 0.31 % $ 647.2 0.56 % 5,228,938 Phoenix-Mesa-Chandler, AZ 10
Associated Surgical Center of Dearborn SCH 12,400 0.27 % $ 377.8 0.33 % 4,390,913 Detroit-Warren-Dearborn, MI 14
Community Healthcare Trust
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1Q 2026 | Supplemental Information
Property Name Property Type Area % of Square Feet Annualized
Rent ($000's) % of Annualized
Rent Population MSA/MISA Rank
Berry Surgical Center SCH 27,217 0.60 % $ 653.0 0.57 % 4,390,913 Detroit-Warren-Dearborn, MI 14
Smokey Point Behavioral Hospital AIB 70,100 1.55 % $ 2,856.6 2.48 % 4,161,883 Seattle-Tacoma-Bellevue, WA 15
Sanford Health Bemidji 1611 MOB 45,800 1.01 % $ 1,616.3 1.41 % 3,790,295 Minneapolis-St. Paul-Bloomington, MN-WI 16
Sanford Health Bemidji 1705 MOB 28,900 0.64 % $ 649.5 0.56 % 3,790,295 Minneapolis-St. Paul-Bloomington, MN-WI 16
Bay Area Physicians Center MOB 17,943 0.40 % $ 421.5 0.37 % 3,418,895 Tampa-St. Petersburg-Clearwater, FL 17
Nobis Rehabilitation Hospital IRF 37,151 0.82 % $ 2,654.5 2.31 % 3,418,895 Tampa-St. Petersburg-Clearwater, FL 17
Liberty Dialysis SC 8,450 0.19 % $ 262.9 0.23 % 3,092,037 Denver-Aurora-Centennial, CO 19
Bassin Center For Plastic-Surgery-Villages PC 2,894 0.06 % $ 178.5 0.16 % 2,957,672 Orlando-Kissimmee-Sanford, FL 20
Kissimmee Medical Plaza PC 4,902 0.11 % $ — — % 2,957,672 Orlando-Kissimmee-Sanford, FL 20
PAM Health Rehabilitation Hospital of Ocoee IRF 37,151 0.82 % $ 2,500.0 2.17 % 2,957,672 Orlando-Kissimmee-Sanford, FL 20
Orthopaedic Associates of Osceola PC 15,167 0.33 % $ 378.7 0.33 % 2,957,672 Orlando-Kissimmee-Sanford, FL 20
Medical Village at Wintergarden MOB 21,532 0.47 % $ 642.8 0.56 % 2,957,672 Orlando-Kissimmee-Sanford, FL 20
Waters Edge Medical MOB 23,388 0.52 % $ 412.8 0.36 % 2,857,781 Baltimore-Columbia-Towson, MD 22
Northbay Professional Pavilion MOB 19,656 0.43 % $ 488.3 0.42 % 2,857,781 Baltimore-Columbia-Towson, MD 22
Righttime Medical Care SC 6,236 0.14 % $ 359.5 0.31 % 2,857,781 Baltimore-Columbia-Towson, MD 22
Belleville Medical Office PC 6,487 0.14 % $ — — % 2,814,421 St. Louis, MO-IL 23
Eyecare Partners - 1310 PC 5,560 0.12 % $ 55.5 0.05 % 2,814,421 St. Louis, MO-IL 23
Eyecare Partners - 3990 SCH 16,608 0.37 % $ 310.6 0.27 % 2,814,421 St. Louis, MO-IL 23
Eyecare Partners - 204 PC 6,311 0.14 % $ 52.0 0.05 % 2,814,421 St. Louis, MO-IL 23
Heartland Women's Healthcare of Advantia Shiloh PC 16,212 0.36 % $ 366.6 0.32 % 2,814,421 St. Louis, MO-IL 23
Heartland Women's Healthcare of Advantia Wentzville PC 7,900 0.17 % $ 140.4 0.12 % 2,814,421 St. Louis, MO-IL 23
Baptist Health PC 13,500 0.30 % $ 387.5 0.34 % 2,813,140 San Antonio-New Braunfels, TX 24
San Antonio Head & Neck Surgical Associates PC 6,500 0.14 % $ 195.5 0.17 % 2,813,140 San Antonio-New Braunfels, TX 24
Rehabilitation Institute of South San Antonio IRF 38,000 0.84 % $ 2,170.6 1.89 % 2,813,140 San Antonio-New Braunfels, TX 24
JDH Professional Building MOB 12,376 0.27 % $ 264.5 0.23 % 2,813,140 San Antonio-New Braunfels, TX 24
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1Q 2026 | Supplemental Information
Property Name Property Type Area % of Square Feet Annualized
Rent ($000's) % of Annualized
Rent Population MSA/MISA Rank
The Heart & Vascular Center PC 15,878 0.35 % $ 323.4 0.28 % 2,421,992 Pittsburgh, PA 28
Butler Medical Center MOB 10,116 0.22 % $ 172.5 0.15 % 2,421,992 Pittsburgh, PA 28
Forefront Dermatology Building PC 15,650 0.35 % $ 357.9 0.31 % 2,421,992 Pittsburgh, PA 28
Greentree Primary Care MOB 33,715 0.74 % $ 1,052.3 0.92 % 2,421,992 Pittsburgh, PA 28
Vascular Access Centers of Southern Nevada SC 4,800 0.11 % $ 127.5 0.11 % 2,407,226 Las Vegas-Henderson-North Las Vegas, NV 29
Assurance Health System - 11690 BSF 14,381 0.32 % $ 588.7 0.51 % 2,312,858 Cincinnati, OH-KY-IN 30
Cavalier Medical & Dialysis Center MOB 17,614 0.39 % $ 224.9 0.20 % 2,312,858 Cincinnati, OH-KY-IN 30
51 Cavalier Blvd MOB 17,935 0.40 % $ 226.4 0.20 % 2,312,858 Cincinnati, OH-KY-IN 30
Anderson Ferry Plaza MOB 43,791 0.97 % $ 654.1 0.57 % 2,312,858 Cincinnati, OH-KY-IN 30
Liberty Rehabilitation Hospital IRF 37,720 0.83 % $ 2,518.8 2.19 % 2,312,858 Cincinnati, OH-KY-IN 30
Florence Medical Building MOB 17,845 0.39 % $ 262.2 0.23 % 2,312,858 Cincinnati, OH-KY-IN 30
Prairie Star Medical Facility I MOB 24,724 0.55 % $ 648.1 0.56 % 2,270,682 Kansas City, MO-KS 31
Prairie Star Medical Facility II MOB 24,840 0.55 % $ 291.5 0.25 % 2,270,682 Kansas City, MO-KS 31
Ravines Edge MOB 16,751 0.37 % $ 95.1 0.08 % 2,242,028 Columbus, OH 32
Hope Valley Recovery - Circleville BSF 7,787 0.17 % $ 88.5 0.08 % 2,242,028 Columbus, OH 32
Hopebridge - Columbus BSF 13,969 0.31 % $ 177.4 0.15 % 2,242,028 Columbus, OH 32
Sedalia Medical Center MOB 19,426 0.43 % $ 347.9 0.30 % 2,242,028 Columbus, OH 32
Assurance Health, LLC BSF 10,200 0.22 % $ 395.3 0.34 % 2,205,695 Indianapolis-Carmel-Greenwood, IN 33
Assurance Health System - 900 BSF 13,722 0.30 % $ 538.0 0.47 % 2,205,695 Indianapolis-Carmel-Greenwood, IN 33
Kindred Hospital Indianapolis North LTACH 37,270 0.82 % $ 1,652.4 1.44 % 2,205,695 Indianapolis-Carmel-Greenwood, IN 33
Brook Park Medical Building MOB 18,444 0.41 % $ 39.1 0.03 % 2,165,775 Cleveland, OH 35
Smith Road MOB 16,802 0.37 % $ 334.7 0.29 % 2,165,775 Cleveland, OH 35
Assurance - Hudson BSF 13,290 0.29 % $ 601.7 0.52 % 2,165,775 Cleveland, OH 35
Rockside Medical Center MOB 55,316 1.22 % $ 624.3 0.54 % 2,165,775 Cleveland, OH 35
Virginia Orthopaedic & Spine Specialists PC 8,445 0.19 % $ 159.3 0.14 % 1,797,213 Virginia Beach-Chesapeake-Norfolk, VA-NC 37
LTAC Hospital of SE Massachusetts LTACH 70,657 1.56 % $ 659.4 0.57 % 1,708,161 Providence-Warwick, RI-MA 39
Warwick Oncology Center SC 10,236 0.23 % $ 325.3 0.28 % 1,708,161 Providence-Warwick, RI-MA 39
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1Q 2026 | Supplemental Information
Property Name Property Type Area % of Square Feet Annualized
Rent ($000's) % of Annualized
Rent Population MSA/MISA Rank
South County Hospital PC 13,268 0.29 % $ 330.4 0.29 % 1,708,161 Providence-Warwick, RI-MA 39
Mercy Rehabilitation Hospital IRF 39,637 0.87 % $ 2,109.9 1.83 % 1,512,813 Oklahoma City, OK 42
Memphis Center MOB 11,669 0.26 % $ 241.7 0.21 % 1,341,412 Memphis, TN-MS-AR 45
Sanderling Dialysis Center - 7710 SC 10,133 0.22 % $ 584.8 0.51 % 1,341,412 Memphis, TN-MS-AR 45
Gardendale MOB MOB 12,956 0.29 % $ 333.0 0.29 % 1,197,766 Birmingham, AL 48
Sanford West Behavioral Facility BSF 96,886 2.14 % $ 1,421.3 1.24 % 1,183,645 Grand Rapids-Wyoming-Kentwood, MI 49
Glastonbury MOB 48,375 1.07 % $ 955.3 0.83 % 1,171,426 Hartford-West Hartford-East Hartford, CT 50
Sterling Medical Center MOB 28,478 0.63 % $ 525.4 0.46 % 1,155,653 Buffalo-Cheektowaga, NY 51
Los Alamos Professional Plaza MOB 43,395 0.96 % $ 427.4 0.37 % 921,549 McAllen-Edinburg-Mission, TX 64
UMass Memorial Health Cancer Center SC 20,046 0.44 % $ 855.3 0.74 % 888,502 Worcester, MA 68
Worcester Behavioral AIB 81,972 1.81 % $ 2,772.2 2.41 % 888,502 Worcester, MA 68
El Paso Rehabilitation Hospital IRF 38,000 0.84 % $ 2,203.1 1.92 % 881,291 El Paso, TX 70
Columbia Gastroenterology Surgery Center PC 17,016 0.38 % $ 349.8 0.30 % 879,918 Columbia, SC 71
Genesis Care - Bonita Springs SC 4,445 0.10 % $ 304.6 0.26 % 875,607 Cape Coral-Fort Myers, FL 72
Cape Coral Suite 3 SC 12,130 0.27 % $ 477.8 0.42 % 875,607 Cape Coral-Fort Myers, FL 72
Cape Coral Suite 3A MOB 2,023 0.04 % $ 41.4 0.04 % 875,607 Cape Coral-Fort Myers, FL 72
Cape Coral Suite 5 & 6 MOB 6,379 0.14 % $ 104.3 0.09 % 875,607 Cape Coral-Fort Myers, FL 72
Corporate Office 3660 MOB 22,104 0.49 % $ 658.3 0.57 % 875,607 Cape Coral-Fort Myers, FL 72
Corporate Annex Building MOB 16,000 0.35 % $ 329.0 0.29 % 875,607 Cape Coral-Fort Myers, FL 72
Wildwood Hammock RPET Facility SC 10,832 0.24 % $ 455.2 0.40 % 875,607 Cape Coral-Fort Myers, FL 72
Wildwood Hammock - Diagnostic Imaging SC 9,376 0.21 % $ 430.4 0.37 % 875,607 Cape Coral-Fort Myers, FL 72
Wildwood Hammock - Northland MOB 1,201 0.03 % $ 14.4 0.01 % 875,607 Cape Coral-Fort Myers, FL 72
Eye Health of America 4101 MOB 43,322 0.96 % $ 1,026.2 0.89 % 875,607 Cape Coral-Fort Myers, FL 72
Eye Health of America 2665 MOB 3,200 0.07 % $ 56.5 0.05 % 875,607 Cape Coral-Fort Myers, FL 72
Eye Health of America 1320 MOB 6,757 0.15 % $ 82.0 0.07 % 875,607 Cape Coral-Fort Myers, FL 72
Everest Physical Rehabilitation Hospital IRF 37,151 0.82 % $ 2,654.5 2.31 % 874,790 Lakeland-Winter Haven, FL 73
Community Healthcare Trust
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1Q 2026 | Supplemental Information
Property Name Property Type Area % of Square Feet Annualized
Rent ($000's) % of Annualized
Rent Population MSA/MISA Rank
Parkway Professional Plaza MOB 41,909 0.92 % $ 1,014.4 0.88 % 874,790 Lakeland-Winter Haven, FL 73
Davita Turner Road SC 18,125 0.40 % $ 372.7 0.32 % 826,554 Dayton-Kettering-Beavercreek, OH 76
Davita Springboro Pike SC 10,510 0.23 % $ 192.4 0.17 % 826,554 Dayton-Kettering-Beavercreek, OH 76
Davita Business Center Court SC 12,988 0.29 % $ 242.4 0.21 % 826,554 Dayton-Kettering-Beavercreek, OH 76
Mercy One Physicians Clinic PC 17,318 0.38 % $ 406.2 0.35 % 758,539 Des Moines-West Des Moines, IA 82
Daytona Medical Office MOB 20,193 0.45 % $ 382.3 0.33 % 746,933 Deltona-Daytona Beach-Ormond Beach, FL 83
Debary Professional Plaza MOB 21,361 0.47 % $ 325.4 0.28 % 746,933 Deltona-Daytona Beach-Ormond Beach, FL 83
UW Health Clinic- Portage PC 14,000 0.31 % $ 342.3 0.30 % 709,685 Madison, WI 86
Novus Clinic SCH 14,315 0.32 % $ 309.8 0.27 % 701,780 Akron, Oh 87
Aurora Health Center PC 15,650 0.35 % $ 344.3 0.30 % 701,780 Akron, Oh 87
Bassin Center For Plastic Surgery-Melbourne PC 5,228 0.12 % $ 322.5 0.28 % 663,982 Palm Bay-Melbourne-Titusville, FL 89
Cypress Medical Center MOB 37,428 0.83 % $ 465.7 0.40 % 663,809 Wichita, KS 90
Family Medicine East PC 16,581 0.37 % $ — — % 663,809 Wichita, KS 90
Wichita Medical Clinic PC 18,681 0.41 % $ — — % 663,809 Wichita, KS 90
Mercy Rehabilitation Hospital - Northwest Arkansas IRF 38,817 0.86 % $ 2,296.1 2.00 % 622,177 Fayetteville-Springdale-Rogers, AR 94
Pennsylvania Gastroenterology PC 20,400 0.45 % $ 605.0 0.53 % 617,427 Harrisburg-Carlisle, PA 95
Penn State Health - Camp Hill SC 8,400 0.19 % $ — — % 617,427 Harrisburg-Carlisle, PA 95
Penn State Health - Harrisburg SC 10,000 0.22 % $ 200.9 0.17 % 617,427 Harrisburg-Carlisle, PA 95
Perrysburg Medical Arts Building MOB 26,585 0.59 % $ 507.4 0.44 % 599,376 Toledo, OH 98
Sunforest Ct Medical Center MOB 23,368 0.52 % $ 339.3 0.30 % 599,376 Toledo, OH 98
Assurance - Toledo BSF 13,290 0.29 % $ 565.4 0.49 % 599,376 Toledo, OH 98
Granite Circle MOB 17,164 0.38 % $ 244.2 0.21 % 599,376 Toledo, OH 98
Cardiology Associates of Greater Waterbury PC 16,793 0.37 % $ 348.5 0.30 % 578,741 New Haven, CT 100
Riverview Medical Center MOB 26,427 0.58 % $ 798.4 0.69 % 574,418 Scranton--Wilkes-Barre, PA 103
NEI - 200 MOB 22,743 0.50 % $ 409.4 0.36 % 574,418 Scranton--Wilkes-Barre, PA 103
NEI - 204 MOB 15,768 0.35 % $ 236.4 0.21 % 574,418 Scranton--Wilkes-Barre, PA 103
Treasure Coast Medical Pavilion MOB 55,844 1.23 % $ 927.6 0.81 % 568,721 Port St. Lucie, FL 104
Grandview Plaza MOB 20,042 0.44 % $ 319.8 0.28 % 563,159 Lancaster, PA 105
Pinnacle Health PC 10,753 0.24 % $ 250.0 0.22 % 563,159 Lancaster, PA 105
Community Healthcare Trust
Page | 20
1Q 2026 | Supplemental Information
Property Name Property Type Area % of Square Feet Annualized
Rent ($000's) % of Annualized
Rent Population MSA/MISA Rank
Manteca Medical Group Building MOB 10,519 0.23 % $ 328.9 0.29 % 557,719 Modesto, CA 106
Gulf Coast Cancer Centers-Brewton SC 3,971 0.09 % $ — — % 556,444 Huntsville, AL 107
Martin Foot & Ankle Clinic PC 27,100 0.60 % $ 440.4 0.38 % 473,197 York-Hanover, PA 116
Lafayette Behavioral BSF 31,650 0.70 % $ 1,684.9 1.47 % 423,758 Lafayette, LA 132
UPMC Specialty Care MOB 25,982 0.57 % $ 453.4 0.39 % 423,678 Youngstown-Warren, OH 133
Biltmore Medical Office SC 11,099 0.24 % $ 222.4 0.19 % 422,345 Asheville, NC 134
Genesis Care - Weaverville SC 10,696 0.24 % $ 480.0 0.42 % 422,345 Asheville, NC 134
Belden Medical Arts Building MOB 47,366 1.04 % $ 506.7 0.44 % 400,246 Canton-Massillon, OH 140
Hills & Dales Professional Center MOB 27,920 0.62 % $ 351.6 0.31 % 400,246 Canton-Massillon, OH 140
Prattville Town Center Medical Office Bldg MOB 13,319 0.29 % $ 275.5 0.24 % 388,747 Montgomery, AL 145
Bluewater Orthopedics Center MOB 10,255 0.23 % $ 223.8 0.19 % 315,098 Crestview-Fort Walton Beach-Destin, FL 168
Wellmont Bristol Urgent Care SC 4,548 0.10 % $ 78.5 0.07 % 314,834 Kingsport-Bristol, TN-VA 169
Steeles Road Medical Building PC 10,804 0.24 % $ 164.8 0.14 % 314,834 Kingsport-Bristol, TN-VA 169
Londonderry Centre MOB 21,203 0.47 % $ 382.5 0.33 % 308,807 Waco, TX 171
Westlake Medical Office MOB 14,100 0.31 % $ 243.1 0.21 % 308,807 Waco, TX 171
Longview Rehabilitation Hospital IRF 38,817 0.86 % $ 2,349.2 2.04 % 297,315 Longview, TX 173
Gulf Coast Cancer Centers-Foley SC 6,146 0.14 % $ 178.2 0.16 % 267,761 Daphne-Fairhope-Foley, AL 189
Gulf Shores Building SC 6,398 0.14 % $ 51.3 0.04 % 267,761 Daphne-Fairhope-Foley, AL 189
Monroe Surgical Hospital SCH 58,121 1.28 % $ 2,535.5 2.21 % 222,390 Monroe, LA 217
Ft. Valley Dialysis Center SC 4,920 0.11 % $ 87.0 0.08 % 208,091 Warner Robins, GA 228
Meridian Behavioral Health Systems AIB 132,430 2.92 % $ 3,263.5 2.84 % 200,170 Charleston, WV 233
Tuscola Professional Building MOB 25,500 0.56 % $ 622.4 0.54 % 187,688 Saginaw, MI 241
Kedplasma SC 12,870 0.28 % $ 272.1 0.24 % 186,177 Burlington, NC 243
Redding Oncology Center SC 12,206 0.27 % $ 585.9 0.51 % 181,648 Redding, CA 249
Decatur Morgan Hospital Medical Office Building MOB 35,933 0.79 % $ 582.4 0.51 % 160,326 Decatur, AL 272
Bourbonnais Medical Center MOB 54,894 1.21 % $ 617.1 0.54 % 105,525 Kankakee, IL 351
Community Healthcare Trust
Page | 21
1Q 2026 | Supplemental Information
Property Name Property Type Area % of Square Feet Annualized
Rent ($000's) % of Annualized
Rent Population MSA/MISA Rank
Parkside Family & Davita Clinics MOB 15,637 0.34 % $ 222.2 0.19 % 99,864 Victoria, TX 363
Cub Lake Square MOB 48,756 1.07 % $ 1,043.8 0.91 % 109,946 Show Low, AZ n/a
Emory Healthcare - 303 MOB 61,301 1.35 % $ 952.6 0.83 % 107,097 LaGrange, GA-AL n/a
Emory Southern Orthopedics - 1805 MOB 31,473 0.69 % $ 733.5 0.64 % 107,097 LaGrange, GA-AL n/a
Emory Southern Orthopedics - 1801 MOB 2,972 0.07 % $ 62.7 0.05 % 107,097 LaGrange, GA-AL n/a
Emory Healthcare - 1610 MOB 5,600 0.12 % $ 87.0 0.08 % 107,097 LaGrange, GA-AL n/a
Nesbitt Place MOB 56,003 1.23 % $ 1,074.8 0.93 % 83,911 Lawrence County, PA n/a
Davita Etowah Dialysis Center SC 4,720 0.10 % $ 71.6 0.06 % 71,590 Athens, TN n/a
Marion Medical Plaza MOB 27,246 0.60 % $ 390.3 0.34 % 65,115 Marion, OH n/a
Pahrump Medical Plaza MOB 12,545 0.28 % $ 479.5 0.42 % 57,336 Pahrump, NV n/a
Corsicana Medical Plaza MOB 17,746 0.39 % $ 373.2 0.32 % 57,181 Corsicana, TX n/a
Arkansas Valley Surgery Center MOB 10,717 0.24 % $ 235.3 0.20 % 50,039 Cañon City, CO n/a
Baylor Scott & White Clinic PC 37,354 0.82 % $ 505.8 0.44 % 38,288 Brenham, TX n/a
Fremont Medical Office Building & Surgery Ctr MOB 13,050 0.29 % $ 345.8 0.30 % 38,057 Fremont, NE n/a
Eyecare Partners - 408 PC 8,421 0.19 % $ 134.3 0.12 % 36,382 Centralia, IL n/a
Ottumwa Medical Clinic - 1005 MOB 68,895 1.52 % $ 747.2 0.65 % 35,210 Ottumwa, IA n/a
Ottumwa Medical Clinic - 1007 MOB 6,850 0.15 % $ 96.2 0.08 % 35,210 Ottumwa, IA n/a
Fresenius Gallipolis Dialysis Center SC 15,110 0.33 % $ 160.2 0.14 % 29,072 Gallipolis, OH n/a
Princeton Cancer Center SC 7,236 0.16 % $ 204.4 0.18 % County: 57,454 Rural - No CBSA n/a
Sanderling Dialysis Center - 102 SC 5,217 0.12 % $ 295.6 0.26 % County: 57,454 Rural - No CBSA n/a
Andalusia Medical Plaza SC 10,373 0.23 % $ 297.7 0.26 % County: 37,750 Rural - No CBSA n/a
Sanderling Dialysis Center - 780 SC 4,186 0.09 % $ 320.4 0.28 % County: 37,750 Rural - No CBSA n/a
North Mississippi Health Services - 1107 MOB 17,629 0.39 % $ 99.8 0.09 % County: 33,928 Rural - No CBSA n/a
North Mississippi Health Services - 1111 MOB 27,743 0.61 % $ 157.1 0.14 % County: 33,928 Rural - No CBSA n/a
North Mississippi Health Services - 1127 MOB 18,074 0.40 % $ 102.3 0.09 % County: 33,928 Rural - No CBSA n/a
North Mississippi Health Services - 404 MOB 9,890 0.22 % $ 56.0 0.05 % County: 33,928 Rural - No CBSA n/a
Community Healthcare Trust
Page | 22
1Q 2026 | Supplemental Information
Property Name Property Type Area % of Square Feet Annualized
Rent ($000's) % of Annualized
Rent Population MSA/MISA Rank
North Mississippi Health Services - 305 MOB 3,378 0.07 % $ 19.1 0.02 % County: 33,928 Rural - No CBSA n/a
Sanderling Dialysis Center - 2102 SC 11,300 0.25 % $ 450.1 0.39 % County: 33,928 Rural - No CBSA n/a
Batesville Regional Medical Center MOB 9,263 0.20 % $ 52.5 0.05 % County: 32,965 Rural - No CBSA n/a
Tri Lakes Behavioral BSF 58,400 1.29 % $ — — % County: 32,965 Rural - No CBSA n/a
Dahlonega Medical Mall MOB 22,805 0.50 % $ 399.3 0.35 % County: 33,362 Rural - No CBSA n/a
Russellville Medical Plaza MOB 29,129 0.64 % $ 173.1 0.15 % County: 31,870 Rural - No CBSA n/a
Norton Medical Plaza MOB 32,757 0.72 % $ 276.5 0.24 % County: 25,635 Rural - No CBSA n/a
Wellmont Lebanon Urgent Care SC 8,369 0.18 % $ 108.8 0.09 % County: 22,951 Rural - No CBSA n/a
Lexington Carilion Clinic PC 15,820 0.35 % $ 392.0 0.34 % County: 22,573 Rural - No CBSA n/a
Norton Medical Clinic SC 4,843 0.11 % $ 60.3 0.05 % County: 13,464 Rural - No CBSA n/a
Community Healthcare Trust
Page | 23
1Q 2026 | 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
Annualized and stabilized base rent for leases in place at the end of the period multiplied by 12.
Behavioral Specialty Facilities (BSF)
Behavioral specialty facilities are healthcare facilities that provide a range of clinical services for mental health and/or substance abuse diagnoses. Behavioral health services provided may include assessment, treatment, individual medical evaluation and management (including medication management), individual and group therapy, behavioral health counseling, family therapy and psychological testing for recipients of all ages.
EBITDAre and Adjusted EBITDAre
The Company uses the National Association of Real Estate Investment Trusts, Inc. ("NAREIT") definition of EBITDAre which is net income plus interest expense, income tax expense, and depreciation and amortization, plus losses or minus gains on the disposition of depreciable property, including losses/gains on change of control, plus impairment write-downs of depreciable property and of investments in unconsolidated affiliates caused by a decrease in value of depreciable property in the affiliate, plus or minus adjustments to reflect the entity's share of EBITDAre of unconsolidated affiliates and consolidated affiliates with non-controlling interest. The Company also presents Adjusted EBITDAre which is EBITDAre before non-cash stock-based compensation amortization.
We consider EBITDAre and Adjusted EBITDAre important measures because they provide additional information to allow management, investors, and our current and potential creditors to evaluate and compare our core operating results and our ability to service debt.
Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO)
Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminishes predictably over time. However, since real estate values have historically risen or fallen with market conditions, many industry investors deem presentations of operating results for real estate companies that use historical cost accounting to be insufficient by themselves. For that reason, the Company considers funds from operations ("FFO") and adjusted funds from operations ("AFFO") to be appropriate measures of operating performance of an equity real estate investment trust ("REIT"). In particular, the Company believes that AFFO is useful because it allows investors, analysts and Company management to compare the Company's operating performance to the operating performance of other real estate companies and between periods on a consistent basis without having to account for differences caused by unanticipated items and other events.
Community Healthcare Trust
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1Q 2026 | Supplemental Information
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.
Community Healthcare Trust
Page | 25
1Q 2026 | Supplemental Information
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.
Community Healthcare Trust
Page | 26
1Q 2026 | Supplemental Information
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, 2025 and the Company’s other filings with the Securities and Exchange Commission from time to time.
NON-GAAP FINANCIAL MEASURES
This presentation includes EBITDAre, Adjusted EBITDAre, Adjusted EBITDAre Annualized, Net Operating Income (or NOI), Funds From Operations (or FFO), Adjusted Funds From Operations (or AFFO), and AFFO, Adjusted for Acquisitions, which are non-GAAP financial measures. For purposes of the Securities and Exchange Commission’s (“SEC”) Regulation G, a non-GAAP financial measure is a numerical measure of a company’s historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable financial measure calculated and presented in accordance with GAAP in the statements of operations, balance sheets or statements of cash flows (or equivalent statements) of the company, or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable financial measure so calculated and presented. As used in this presentation, GAAP refers to generally accepted accounting principles in the United States of America. Our use of the non-GAAP financial measure terms herein may not be comparable to that of other real estate investment trusts. Pursuant to the requirements of Regulation G, we have provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures.
Community Healthcare Trust
Page | 27
1Q 2026 | Supplemental Information
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May 05, 2026
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COMMUNITY HEALTHCARE TRUST INC
Entity Incorporation, State or Country Code
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Entity File Number
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Entity Tax Identification Number
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Entity Address, Address Line One
3326 Aspen Grove Drive
Entity Address, Address Line Two
Suite 150
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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
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X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
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Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
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dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
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Period Type:
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X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
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X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
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