Community Healthcare Trust Inc
For the period ended Jun 30, 2024. Filed Jul 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 30, 2024
CHCT$15.27+2.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024 AND 2023
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| REVENUES | ||||
| Rental income | $27,905 | $26,764 | $56,247 | $52,892 |
| Other operating interest, net | (389) | 1,046 | 602 | 2,094 |
| 27,516 | 27,810 | 56,849 | 54,986 | |
| EXPENSES | ||||
| Property operating | 5,572 | 4,786 | 11,363 | 9,659 |
| General and administrative (1) | 4,760 | 3,787 | 9,314 | 19,992 |
| Depreciation and amortization | 10,792 | 9,219 | 21,054 | 18,237 |
| 21,124 | 17,792 | 41,731 | 47,888 | |
| OTHER INCOME (EXPENSE) | ||||
| Impairment of real estate asset | (140) | — | (140) | — |
| Interest expense | (5,986) | (4,140) | (11,048) | (8,132) |
| Credit loss reserve | (11,000) | — | (11,000) | — |
| Deferred income tax expense | — | (50) | — | (85) |
| Interest and other income | 307 | 749 | 308 | 774 |
| (16,819) | (3,441) | (21,880) | (7,443) | |
| NET (LOSS) INCOME | $(10,427) | $6,577 | $(6,762) | $(345) |
| NET (LOSS) INCOME PER COMMON SHARE | ||||
| Net (loss) income per common share - Basic | $(0.42) | $0.24 | $(0.31) | $(0.07) |
| Net (loss) income per common share -Diluted | $(0.42) | $0.24 | $(0.31) | $(0.07) |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC | 26,479 | 25,065 | 26,388 | 24,648 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED | 26,479 | 25,065 | 26,388 | 24,648 |
| ___________ | ||||
| (1) General and administrative expenses for the six months ended June 30, 2024 included stock-based compensation expense totaling approximately $4.9 million. General and administrative expenses for the six months ended June 30, 2023 included stock-based compensation expense totaling approximately $16.0 million, including the accelerated amortization of stock-based compensation totaling approximately $11.8 million recognized upon the passing of our former CEO and President in the first quarter of 2023. See Note 9 – Stock Incentive Plan. | ||||
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