Community Healthcare Trust Inc
For the period ended Sep 30, 2024. Filed Oct 29, 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.
Sep 30, 2024 · Filed Oct 29, 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 NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| REVENUES | ||||
| Rental income | $29,335 | $27,690 | $85,582 | $80,582 |
| Other operating interest, net | 304 | 1,045 | 906 | 3,139 |
| 29,639 | 28,735 | 86,488 | 83,721 | |
| EXPENSES | ||||
| Property operating | 5,986 | 5,456 | 17,349 | 15,115 |
| General and administrative (1) | 4,935 | 3,618 | 14,249 | 23,610 |
| Depreciation and amortization | 10,927 | 11,208 | 31,981 | 29,445 |
| 21,848 | 20,282 | 63,579 | 68,170 | |
| OTHER (EXPENSE) INCOME | ||||
| Gain on sale (impairment) of depreciable real estate asset | 5 | (102) | (135) | (102) |
| Interest expense | (6,253) | (4,641) | (17,301) | (12,773) |
| Credit loss reserve | — | — | (11,000) | — |
| Deferred income tax expense | — | (221) | — | (306) |
| Interest and other income, net | 206 | 3 | 514 | 777 |
| (6,042) | (4,961) | (27,922) | (12,404) | |
| NET INCOME (LOSS) | $1,749 | $3,492 | $(5,013) | $3,147 |
| NET INCOME (LOSS) PER COMMON SHARE | ||||
| Net income (loss) per common share - Basic | $0.04 | $0.11 | $(0.27) | $0.05 |
| Net income (loss) per common share - Diluted | $0.04 | $0.11 | $(0.27) | $0.05 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC | 26,660 | 25,514 | 26,479 | 24,940 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED | 26,660 | 25,514 | 26,479 | 24,940 |
| ___________ | ||||
| (1) General and administrative expenses for the nine months ended September 30, 2024 included stock-based compensation expense totaling approximately $7.4 million. General and administrative expenses for the nine months ended September 30, 2023 included stock-based compensation expense totaling approximately $17.9 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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