Community Healthcare Trust (CHCT) Q1 2025 Earnings
How Did CHCT Stock React to Q1 2025 Earnings?
S&P 500 over the same 30 days: +6.88%.
Did CHCT Beat Earnings? Q1 2025 Results
No. Community Healthcare Trust reported Q1 2025 earnings of $0.03 a share on Apr 29, 2025, missing the $0.07 consensus estimate by 57.1%. Revenue was $30.1M against a $29.7M estimate.
Community Healthcare Trust delivered a mixed first quarter for 2025, beating modest revenue expectations while falling well short on the bottom line. The healthcare REIT posted revenue of $30.08 million, edging past the $29.70 million consensus by 1.26% and reflecting 2.5% growth from the prior-year quarter's $29.33 million, driven largely by rental income expansion. But earnings told a harder story: net income fell sharply to $0.03 per diluted share, missing the $0.07 consensus estimate by 57.14%, as surging interest expense of $6.35 million, up from $5.06 million a year ago, weighed heavily on profitability alongside higher operating costs. FFO per diluted share slipped to $0.47 from $0.53 a year earlier. Adding pressure, a geriatric psychiatric hospital tenant across six properties remitted just $200,000 in rent and interest during the quarter while exploring strategic alternatives. Looking ahead, the company holds seven properties under definitive purchase agreements totaling roughly $169.50 million in expected acquisitions, with expected returns between 9.1% and 9.75%, anticipated to close through 2027.
- Rental income growth to $29.7 million from $28.3 million year-over-year
- Acquisition of a behavioral specialty facility in Georgia for approximately $9.5 million
- Higher interest expense of $6.4 million versus $5.1 million year-over-year pressured net income
- Property operating expenses increased to $6.1 million from $5.8 million
- NOI increased to $24.0 million from $23.5 million in Q1 2024
What Was Community Healthcare Trust's Outlook in Q1 2025?
The company has seven properties under definitive purchase agreements with an aggregate expected purchase price of approximately $169.5 million and expected returns of approximately 9.1% to 9.75%, anticipated to close throughout 2025, 2026, and 2027. The company entered into a refreshed ATM program in February 2025 with capacity for up to $300 million in common stock issuance, including forward sale capabilities. The geriatric psychiatric hospital tenant situation remains unresolved, with the operator continuing to review strategic alternatives including potential asset sales.
CHCT YoY Financials
| Metric | Q1 2025 | Q1 2024 | Year over year |
|---|---|---|---|
| Revenue | $30.1M | $29.3M | +2.5% |
| Net Income | $1.6M | $3.7M | −56.6% |
| Operating Income | $7.9M | $8.7M | −9.0% |
Figures from SEC filings and company reports. Not investment advice.