EX-99.2 3 supplementalinfo2016q3.htm EXHIBIT 99.2 Exhibit


Exhibit 99.2










chctlogoa02.jpg

Supplemental Information
Third Quarter 2016

























NYSE: CHCT
www.chct.reit





TABLE OF CONTENTS


















Cautionary Note Regarding Forward-Looking Statements

In addition to the historical information contained within, the matters discussed in this supplemental operating and financial information package 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”, “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, the Company’s ability to refinance existing indebtedness at or prior to maturity on favorable terms, or at all, changes in the real estate industry in general, interest rates or the general economy, adverse developments related to the healthcare industry, the degree and nature of the Company’s competition, the ability to consummate acquisitions under contract 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, 2015, 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 Supplemental operating and financial information package 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.


Community Healthcare Trust / 3Q 2016 Supplemental Information
 
Page 2


 CORPORATE INFORMATION

Corporate Headquarters
 
 
 
 
 
Community Healthcare Trust Incorporated
3326 Aspen Grove Drive, Suite 150
Franklin, Tennessee 37067
Phone: 615.771.3052
E-mail: Investorrelations@chct.reit
Website: www.chct.reit
 
 
Board of Directors
 
 
 
 
 
Timothy G. Wallace
Alan Gardner
Robert Hensley
Alfred Lumsdaine
R. Lawrence Van Horn
Chairman of the Board,
Chief Executive Officer
and President
Lead Independent
Director
Audit Committee
Chair
Compensation Committee
Chair
Corporate Governance Committee
Chair
 
 
 
 
 
 
 
 
 
 
Management Team
 
 
 
 
 
Timothy G. Wallace
W. Page Barnes
Steve Harrison
Roland H. Hart
Leigh Ann Stach
Chief Executive Officer
and President
Executive Vice President,
Chief Financial Officer
Managing Director,
Business Development
Vice President,
Asset Management
Vice President, Financial
Reporting and Chief
Accounting Officer
 
 
 
 
 
 
Michael Willman
William R. Davis
James W. Short
 
 
Vice President,
Real Estate
Vice President,
Information Technology
Vice President,
Special Projects
 
 
 
 
 
 
 
 
 
 
 
Covering Analysts
 
 
 
 
 
A. Goldfarb - Sandler O'Neil
 
R. Stevenson - Janney Capital Markets
S. McGrath - Evercore ISI
 
S. Manaker - Oppenheimer
E. Fleming - SunTrust Robinson Humphrey
 
 
 
 
 
 
 
 
 
 
 
 
 
Professional Services
 
 
 
 
 
 Independent Registered Public Accounting Firm
Transfer Agent
BDO USA, LLP
American Stock Transfer & Trust Company, LLC
414 Union Street, Suite 1800
Operations Center
Nashville, Tennessee 37219
6201 15th Avenue
 
 
Brooklyn, NY 11219
 
 
 
1.800.937.5449


Community Healthcare Trust / 3Q 2016 Supplemental Information
 
Page 3



HISTORICAL FFO, NORMALIZED FFO AND AFFO (1) (2) 
(dollars in thousands, except per share data)

 
2016
 
2015
 
Q3
 
Q2
 
Q1
 
Q4
 
Q3
 
Q2 (4)
Net income (loss)
$
1,064

 
$
508

 
$
116

 
$
121

 
$
(67
)
 
$
(1,509
)
Real estate depreciation and amortization
3,493

 
3,330

 
2,813

 
2,415

 
2,211

 
577

Total adjustments
3,493

 
3,330

 
2,813

 
2,415

 
2,211

 
577

Funds from Operations
$
4,557

 
$
3,838

 
$
2,929

 
$
2,536

 
$
2,144

 
$
(932
)
   Transaction costs
137

 
204

 
288

 
243

 
(101
)
 
1,546

Normalized Funds From Operations (3)
$
4,694

 
$
4,042

 
$
3,217

 
$
2,779

 
$
2,043

 
$
614

   Straight line rent
(171
)
 
(138
)
 
(95
)
 
(69
)
 
(50
)
 
(14
)
   Deferred compensation
192

 
140

 
121

 
70

 
69

 
26

AFFO (3)
$
4,715

 
$
4,044

 
$
3,243

 
$
2,780

 
$
2,062

 
$
626

Funds from Operations per Common Share-Diluted
$
0.36

 
$
0.32

 
$
0.39

 
$
0.34

 
$
0.29

 
$
(0.26
)
Normalized Funds From Operations Per Common Share-Diluted
$
0.37

 
$
0.34

 
$
0.43

 
$
0.37

 
$
0.27

 
$
0.17

AFFO Per Common Share-Diluted
$
0.37

 
$
0.34

 
$
0.43

 
$
0.37

 
$
0.27

 
$
0.18

Weighted Average Common Shares Outstanding-Diluted
12,750,967

 
12,064,839

 
7,562,644

 
7,511,815

 
7,511,183

 
3,574,392

Weighted Average Common Shares Outstanding-Diluted for Normalized FFO and AFFO
12,750,967

 
12,064,839

 
7,562,644

 
7,511,815

 
7,511,183

 
3,563,389


(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"), normalized 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 normalized FFO and AFFO are useful because they 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 and FFO per share are operating performance measures adopted by NAREIT. NAREIT defines FFO as the most commonly accepted and reported measure of a REIT's operating performance equal to "net income (computed in accordance with GAAP), excluding gains (or losses) from sales of property, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures." The Company has included normalized FFO which it has defined as FFO excluding certain expenses related to equity offerings and closing costs of properties acquired and mortgages funded and has included AFFO which it has defined as normalized FFO excluding straight-line rent and deferred compensation and may include other non-cash items from time to time. Normalized FFO and 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 definitions.

FFO, normalized 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, normalized FFO and AFFO should be examined in conjunction with net income as presented elsewhere herein.

(2
)
There were no revenue-generating operations prior to the Company's initial public offering in May 2015, therefore, there were no funds from operations prior to the second quarter of 2015.
(3
)
Normalized FFO has been restated for prior periods, to remove adjustments for straight line rent and deferred compensation, and AFFO has been calculated and added for all periods presented to more closely agree to similar presentations used by the industry.
(4
)
Weighted average common shares outstanding used in calculating Normalized FFO and AFFO for the three months ended June 30, 2015 includes the dilutive effect of 11,003 shares of restricted common stock that were excluded in calculating the weighted average common shares outstanding for FFO because the effect was anti-dilutive due to the net loss incurred in the period.


Community Healthcare Trust / 3Q 2016 Supplemental Information
 
Page 4



BALANCE SHEET INFORMATION
(dollars in thousands, except per share data)

 
2016
2015
2014
 
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
ASSETS
 
 
 
 
 
 
 
 
Real estate properties
 
 
 
 
 
 
 
 
Land and land improvements
$
24,109

$
22,601

$
19,317

$
13,216

$
10,407

$
9,357

$
—

$
—

Buildings, improvements, and lease intangibles
182,474

171,407

140,322

119,716

90,721

78,349

—

—

Personal property
97

81

69

35

—

—

—

—

Total real estate properties
206,680

194,089

159,708

132,967

101,128

87,706

—

—

Less accumulated depreciation
(14,846
)
(11,350
)
(8,018
)
(5,203
)
(2,788
)
(577
)
—

—

Total real estate properties, net
191,834

182,739

151,690

127,764

98,340

87,129

—

—

Cash and cash equivalents
1,742

10,920

1,571

2,018

16,053

39,552

2

2

Mortgage note receivable, net
10,875

10,872

23,277

10,897

10,862

—

—

—

Other assets, net
4,153

3,082

2,704

2,124

1,795

1,139

—

—

Total assets
$
208,604

$
207,613

$
179,242

$
142,803

$
127,050

$
127,820

$
2

$
2

 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Revolving credit facility
$
5,000

$
—

$
55,000

$
17,000

$
—

$
—

$
—

$
—

Accounts payable and accrued liabilities
2,755

2,521

1,299

812

1,031

1,098

—

—

Other liabilities
3,095

3,625

3,349

2,721

1,060

687

—

—

Total liabilities
10,850

6,146

59,648

20,533

2,091

1,785

—

—

 
 
 
 
 
 
 
 
 
Commitments and contingencies
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stockholders' Equity
 
 
 
 
 
 
 
 
Preferred stock, $0.01 par value; 50,000,000 shares authorized
—

—

—

—

—

—

—

—

Common stock, $0.01 par value; 450,000,000 shares authorized
130

129

77

76

76

76

2

2

Additional paid-in capital
214,102

213,912

127,697

127,578

127,538

127,468

—

—

Cumulative net income (loss)
232

(832
)
(1,340
)
(1,456
)
(1,576
)
(1,509
)
—

—

Cumulative dividends
(16,710
)
(11,742
)
(6,840
)
(3,928
)
(1,079
)
—

—

—

Total stockholders’ equity
197,754

201,467

119,594

122,270

124,959

126,035

2

2

Total liabilities and stockholders' equity
$
208,604

$
207,613

$
179,242

$
142,803

$
127,050

$
127,820

$
2

$
2



Community Healthcare Trust / 3Q 2016 Supplemental Information
 
Page 5


STATEMENTS OF OPERATIONS INFORMATION
(dollars in thousands, except per share data)

 
2016
2015
2014
 
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
 
 
 
 
 
 
 
 
 
REVENUES
 
 
 
 
 
 
 
 
Rental income
$
4,985

$
4,530

$
3,673

$
3,050

$
2,585

$
729

$
—

$
—

Tenant reimbursements
1,188

1,105

957

1,202

655

107

—

—

Mortgage interest
270

561

536

304

—

—

—

—

 
6,443

6,196

5,166

4,556

3,240

836

—

—

 
 
 
 
 
 
 
 
 
EXPENSES
 
 
 
 
 
 
 
 
Property operating
963

1,228

1,049

1,123

751

138

—

—

General and administrative
671

895

806

646

223

1,603

—

—

Depreciation and amortization
3,496

3,332

2,815

2,416

2,211

577

—

—

Bad debts
73

30

—

71

—

—

—

—

 
5,203

5,485

4,670

4,256

3,185

2,318

—

—

OTHER INCOME (EXPENSE)
 
 
 
 
 
 
 
 
Interest expense
(185
)
(222
)
(380
)
(183
)
(140
)
(41
)
—

—

Interest and other income, net
9

19

—

4

18

14

—

—

 
(176
)
(203
)
(380
)
(179
)
(122
)
(27
)
—

—

NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)
$
1,064

$
508

$
116

$
121

$
(67
)
$
(1,509
)
$
—

$
—

 
 
 
 
 
 
 
 
 
NET INCOME (LOSS) PER COMMON SHARE
 
 
 
 
 
 
 
 
Net income (loss) per common share – Basic
$
0.08

$
0.04

$
0.02

$
0.02

$
(0.01
)
$
(0.42
)
$
—

$
—

Net income (loss) per common share – Diluted
$
0.08

$
0.04

$
0.02

$
0.02

$
(0.01
)
$
(0.42
)
$
—

$
—

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC
12,686,183

12,038,381

7,511,183

7,511,183

7,511,183

3,574,392

200,000

200,000

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED
12,750,967

12,064,839

7,562,644

7,511,815

7,511,183

3,574,392

200,000

200,000

DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD
$
0.3825

$
0.3800

$
0.3775

$
0.3750

$
0.1420

$
—

$
—

$
—



Community Healthcare Trust / 3Q 2016 Supplemental Information
 
Page 6


PROPERTY LOCATIONS

Approximately 53% of our property revenues are in MSAs with populations over 1,000,000 and approximately 92% are in MSAs with populations over 100,000.
Property Name
Property
 Type
Address
City
State
Area
% of
Square
 Feet
Annualized
 Revenue (1)
% of
 Revenue
Population
MSA/MISA
Rank
 
 
 
 
 
 
 
($ 000's)
 
 
 
 
Chicago Behavioral Hospital
BF
1771 Rand Road
Des Plaines
IL
85,000

7.41
%
1,900.0

8.86
%
7,340,454

Chicago-Naperville-Arlington Heights, IL
5

Novamed Surgery Center
ASC
6309 West 95th Street
Oak Lawn
IL
30,455

2.66
%
616.9

2.88
%
7,340,454

Chicago-Naperville-Arlington Heights, IL
5

Bayside Medical Center
MOB
4001 Preston Avenue
Pasadena
TX
51,316

4.47
%
719.8

3.36
%
6,656,947

Houston-The Woodlands-Sugar Land, TX
8

Northwest Surgery Center
ASC
5215 Hollister Street
Houston
TX
11,200

0.98
%
466.4

2.18
%
6,656,947

Houston-The Woodlands-Sugar Land, TX
8

Continuum Wellness Center
PC
3941 E. Baseline Road
Gilbert
AZ
8,200

0.71
%
224.5

1.05
%
4,574,531

Phoenix-Mesa-Scottsdale, AZ
17

Desert Endoscopy Center
ASC
610 E. Baseline Road
Tempe
AZ
13,000

1.13
%
242.7

1.13
%
4,574,531

Phoenix-Mesa-Scottsdale, AZ
17

Mountain View Surgery Center
ASC
3131 West Peoria Avenue
Phoenix
AZ
13,835

1.21
%
297.5

1.39
%
4,574,531

Phoenix-Mesa-Scottsdale, AZ
17

Liberty Dialysis
DC
4352 Trail Boss Drive
Castle Rock
CO
8,450

0.74
%
301.5

1.41
%
2,814,330

Denver-Aurora-Lakewood, CO
27

Berry Surgical Center
ASC
28500 Orchard Lake Road
Farmington Hills
MI
27,217

2.37
%
613.4

2.86
%
2,542,708

Warren-Troy-Farmington Hills, MI
32

Bassin Center For Plastic Surgery
PC
422 Alafaya Trail #32
Orlando
FL
2,420

0.21
%
126.0

0.59
%
2,387,138

Orlando-Kissimmee-Sanford, FL
37

Bassin Center For Plastic Surgery
PC
8575 NE 138th Lane Sts 103-104
Lady Lake
FL
2,894

0.25
%
272.2

1.27
%
2,387,138

Orlando-Kissimmee-Sanford, FL
37

Medical Village at Wintergarden
MOB
1210 E. Plant Street
Winter Garden
FL
21,648

1.89
%
476.6

2.22
%
2,387,138

Orlando-Kissimmee-Sanford, FL
37

Cavalier Medical & Dialysis Center
MOB
47 & 51 Cavalier Blvd
Florence
KY
36,362

3.17
%
407.3

1.90
%
2,157,719

Cincinnati, OH-KY-IN
42

Fresenius Florence Dialysis Center
DC
7205 Dixie Hwy
Florence
KY
18,283

1.59
%
327.8

1.53
%
2,157,719

Cincinnati, OH-KY-IN
42

Prairie Star Medical Facility I
PC
6815 Hilltop Road
Shawnee
KS
24,557

2.14
%
460.4

2.15
%
2,087,471

Kansas City, MO-KS
45

Prarie Star Medical Facility II
MOB
6850 Hilltop Road
Shawnee
KS
24,840

2.17
%
451.6

2.11
%
2,087,471

Kansas City, MO-KS
45

Brook Park Medical Building
MOB
15900 Snow Road
Brook Park
OH
18,444

1.61
%
369.1

1.72
%
2,060,810

Cleveland-Elyria, OH
46

Rockside Medical Center
MOB
6701 Rockside Road
Independence
OH
54,611

4.76
%
1,289.6

6.02
%
2,060,810

Cleveland-Elyria, OH
46

Court Street Surgery Center
ASC
1235 South Court Street
Circleville
OH
7,787

0.68
%
190.9

0.89
%
2,021,632

Columbus, OH
47

Assurance Health, LLC
BF
2725 Enterprise Drive
Anderson
IN
10,200

0.89
%
315.0

1.47
%
1,988,817

Indianapolis-Carmel-Anderson, IN
49

Associated Surgical Center of Dearborn
ASC
24420 Ford Road
Dearborn Heights
MI
12,400

1.08
%
338.7

1.58
%
1,759,335

Detroit-Dearborn-Livonia, MI
55

Virgina Orthopaedic & Spine Specialists
PC
3300 High Street
Portsmouth
VA
8,445

0.74
%
168.9

0.79
%
1,724,876

Virginia Beach-Norfolk-Newport News, VA-NC
56

Memphis Spine and Rehab Center
PC
8132 Country Village Drive
Memphis
TN
11,669

1.02
%
240.0

1.12
%
1,344,127

Memphis, TN-MS-AR
63

Sterling Medical Center
MOB
200 Sterling Drive
Orchard Park
NY
28,697

2.50
%
479.9

2.24
%
1,135,230

Buffalo-Cheektowaga-Niagara Falls, NY
73

Los Alamos Professional Plaza
MOB
427 E. Duranta Avenue
Alamo
TX
41,797

3.64
%
522.4

2.44
%
842,304

McAllen-Edinburg-Mission, TX
92

Columbia Gastroenterology Surgery Ctr
ASC
2739 Laurel Street
Columbia
SC
16,969

1.48
%
321.7

1.50
%
810,068

Columbia, SC
96

Parkway Professional Plaza
MOB
4725 US Hwy 98 S
Lakeland
FL
40,000

3.49
%
661.7

3.09
%
650,092

Lakeland-Winter Haven, FL
111

Cypress Medical Center
MOB
9300 E. 29th Street North
Wichita
KS
43,945

3.83
%
910.1

4.25
%
644,610

Wichita, KS
112

Family Medicine East
PC
1709 S. Rock Road
Wichita
KS
16,581

1.45
%
410.8

1.92
%
644,610

Wichita, KS
112

Grene Vision Center
PC
655 N. Woodlawn Blvd
Wichita
KS
11,891

1.04
%
276.0

1.29
%
644,610

Wichita, KS
112

UW Health Clinic- Portage
PC
2977 County Highway CX
Portage
WI
14,000

1.22
%
296.0

1.38
%
641,385

Madison, WI
114

Medical Village at Debary
MOB
110 Pond Court
Debary
FL
24,000

2.09
%
543.8

2.54
%
623,279

Deltona-Daytona Beach-Ormond Beach, FL
117

Bassin Center For Plastic Surgery
PC
1705 Berglund Lane
Viera
FL
5,228

0.46
%
150.7

0.70
%
568,088

Palm Bay-Melbourne-Titusville, FL
123

Eynon Surgery Center
ASC
681 Scranton Carbondale Hwy
Eynon
PA
6,500

0.57
%
157.2

0.73
%
558,166

Scranton--Wilkes-Barre--Hazleton, PA
125

AMG Specialty Hospital - Lafayette (2)
LTAC
310 Youngville Highway
Lafayette
LA
29,890

2.61
%
1,060.0

4.88
%
490,488

Lafayette, LA Metro Area
130

 
 
 
(CONTINUED)
 
 
 
 
 
 
 
 

Community Healthcare Trust / 3Q 2016 Supplemental Information
 
Page 7


Property Name
Property
 Type
Address
City
State
Area
% of
Square
 Feet
Annualized
 Revenue (1)
% of
 Revenue
Population
MSA/MISA
Rank
 
 
 
 
 
 
 
($ 000's)
 
 
 
 
Grandview Plaza
PC
802 New Holland Avenue
Lancaster
PA
20,000

1.74
%
461.4

2.15
%
536,624

Lancaster, PA
131

Treasure Coast Medical Pavilion
MOB
3498 NW Federal Hwy #C
Jensen Beach
FL
56,457

4.92
%
839.0

3.91
%
454,846

Port St. Lucie, FL
141

Londonderry Centre
MOB
7030 New Sanger Avenue
Waco
TX
19,495

1.70
%
417.2

1.95
%
262,813

Waco, TX
210

Gulf Coast Cancer Centers
OC
253 Professional Lane
Gulf Shores
AL
6,398

0.56
%
196.7

0.92
%
203,709

Daphne-Fairhope-Foley, AL
248

Gulf Coast Cancer Centers
OC
1703 North Bunner Street
Foley
AL
6,146

0.54
%
189.0

0.88
%
203,709

Daphne-Fairhope-Foley, AL
248

Fresenius Ft. Valley
DC
135 Avera Drive
Fort Valley
GA
4,920

0.43
%
116.8

0.54
%
188,149

Warner Robins, GA
259

Provena Medical Center
MOB
600-680 N. Convent Street
Bourbonnais
IL
54,000

4.71
%
871.8

4.07
%
110,879

Kankakee, IL
387

Fresenius Gallipolis Dialysis Center
DC
137 Pine Street
Gallipolis
OH
15,110

1.32
%
134.8

0.63
%
57,179

Point Pleasant, WV-OH Micro Area
575

Davita Etowah Dialysis Center
DC
109 Grady Road
Etowah
TN
4,720

0.41
%
66.1

0.31
%
52,639

Athens, TN Micro Area
604

Fresenius Dialysis Center
DC
1321 W. 2nd Avenue
Corsicana
TX
17,699

1.54
%
132.0

0.62
%
48,323

Corsicana, TX Micro Area
636

Arkansas Valley Surgery Center
ASC
933 Sell Avenue
Canon City
CO
10,165

0.89
%
256.0

1.19
%
46,692

Canon City, CO Micro Area
650

Dahlonega Medical Mall
MOB
134 Ansley Drive
Dahlonega
GA
20,621

1.80
%
236.6

1.10
%
5,242

N/A
 
Gulf Coast Cancer Centers
OC
1207 Azalea Place
Brewton
AL
3,971

0.35
%
122.1

0.57
%
5,408

N/A
 
Haleyville Physicians Prof Bldg
MOB
42030 Hwy 195 East
Haleyville
AL
29,515

2.57
%
139.6

0.65
%
4,173

N/A
 
Russellville Medical Plaza
MOB
15155 Hwy 43 NE
Russellville
AL
29,129

2.54
%
137.8

0.64
%
9,830

N/A
 
Sanderling Dialysis Center
DC
102 Crestview Drive
Holdenville
OK
5,217

0.45
%
237.5

1.11
%
5,795

N/A
 
Winfield Medical Office Buildings
PC
191 Carraway Dr
Winfield
AL
60,592

5.28
%
286.6

1.34
%
4,717

N/A
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Annualized revenue for leases was calculated by multiplying base rent for the month of September 2016 by 12 and for the mortgage was calculated based on the principal outstanding at September 30, 2016 in accordance with the mortgage note.
(2) Mortgage investment.
 
 
 
 
 
 
 
 
 
 
 


Community Healthcare Trust / 3Q 2016 Supplemental Information
 
Page 8


INVESTMENT ACTIVITY
(dollars in thousands)

2016 INVESTMENT ACTIVITY
 
 
 
 
 
 
 
 
 
 
 
Location
Property
Type
Acquisition/
Closing Date
Purchase Price/
Mortgage Funding
Square Feet
Aggregate Leased
% at Acquisition
 
 
 
 
 
 
 
Property Acquisitions:
 
 
 
 
 
 
Waco, TX
MOB
1/15/2016
$
2,700

19,495

100.0
%
 
Lakeland, FL
MOB
1/21/2016
6,750

40,036

84.1
%
 
Oak Lawn, IL
ASC
3/30/2016
6,578

30,455

100.0
%
 
Jensen Beach, FL
MOB
3/30/2016
9,400

56,457

100.0
%
 
Independence, OH
MOB
4/19/2016
10,350

54,611

82.3
%
 
Des Plaines, IL (1)
BF
5/23/2016
20,000

85,000

100.0
%
 
Phoenix, AZ
ASC
6/21/2016
3,154

13,835

100.0
%
 
Holdenville, OK
DC
9/26/2016
2,500

5,217

100.0
%
 
Orchard Park, NY
MOB
9/29/2016
4,599

28,697

100.0
%
 
Cordova, TN
PC
9/30/2016
2,050

11,669

100.0
%
 
Dearborn Heights, MI
ASC
9/30/2016
3,000

12,400

100.0
%
Total / Weighted Average
 
 
$
71,081

357,872

95.5
%
 
 
 
 
 
 
 
 
(1) Included the conversion of a $12.5 million mortgage note upon the acquisition of the property that secured the note on May 23, 2016.




Community Healthcare Trust / 3Q 2016 Supplemental Information
 
Page 9


LEASING INFORMATION


LEASE EXPIRATION SCHEDULE (1) 


 
 
Total Leased Square Footage
Annualized Lease Revenue
Year
Number of
Leases
Expiring
Amount
Percent (%)
Amount
(in thousands)
Percent (%)
Q4 2016
5

23,979

2.3
%
600

2.9
%
2017
18

117,320

11.4
%
2,811

13.8
%
2018
30

159,949

15.5
%
3,281

16.1
%
2019
27

121,942

11.8
%
2,819

13.8
%
2020
17

122,072

11.8
%
2,128

10.5
%
2021
8

69,723

6.8
%
1,489

7.3
%
2022
12

86,706

8.4
%
1,640

8.0
%
2023
6

35,261

3.4
%
634

3.1
%
2024
1

5,390

0.5
%
187

0.9
%
2025
6

29,234

2.8
%
689

3.4
%
Thereafter
15

252,161

24.4
%
3,964

19.5
%
Month-to-Month
7

9,013

0.9
%
148

0.7
%
Totals
152

1,032,750

100.0
%
$
20,390

100.0
%

(1) Total portfolio was approximately 92.4% leased in the aggregate at September 30, 2016 with lease expirations ranging from 2016 through 2031.





Community Healthcare Trust / 3Q 2016 Supplemental Information
 
Page 10


PROPERTY DIVERSIFICATION
(As of September 30, 2016)


supplemental_chart-59669a04.jpg
Property Type
Number of
Properties

Annualized
Revenue (1)
($ in thousands)
Annualized
Revenue
(%)
Medical Office Building (MOB)
17
$
9,475

44.2
%
Ambulatory Surgery Center (ASC)
10
3,501

16.3
%
Physicians Clinic (PC)
12
3,373

15.7
%
Behavioral Facility (BF) 
2
508

2.4
%
Dialysis Clinic (DC)
7
2,215

10.3
%
Long-term Acute Care Center (LTAC) (2)
1
1,060

4.9
%
Oncology Center (OC)
3
1,316

6.2
%
Total
52
$
21,448

100.0
%
______________________
 
 
 
(1) Annualized revenue for leases was calculated by multiplying base rent for the month of September 2016 by 12 and for the mortgage was calculated based on the principal outstanding at September 30, 2016 in accordance with the mortgage note.
(2) Mortgage investment.
 
 
 














Community Healthcare Trust / 3Q 2016 Supplemental Information
 
Page 11



PROPERTY DIVERSIFICATION
(continued)
(As of September 30, 2016)


supplemental_chart-00615a04.jpg

State
Number of
Properties

Annualized
Revenue (1)
($ in thousands)
Annualized
Revenue
(%)
IL
3
$
3,389

15.8
%
FL
7
3,070

14.3
%
KS
5
2,509

11.7
%
TX
5
2,258

10.5
%
OH
4
1,984

9.3
%
AL
6
1,072

5.0
%
LA (2)
1
1,060

4.9
%
MI
2
952

4.4
%
AZ
3
765

3.6
%
KY
2
735

3.4
%
Other (Less than 3%)
14
4,654

17.1
%
Total
52
$
21,448

100.0
%
_________________
 
 
 
(1) Annualized revenue for leases was calculated by multiplying base rent for the month of September 2016 by 12 and for the mortgage was calculated based on the principal outstanding at September 30, 2016 in accordance with the mortgage note.
(2) Mortgage investment.
 
 
 






Community Healthcare Trust / 3Q 2016 Supplemental Information
 
Page 12



PROPERTY DIVERSIFICATION
(continued)
(As of September 30, 2016)


supplemental_chart-01563a04.jpg

Tenant

Annualized
Revenue (1)
($ in thousands)
Annualized
Revenue
(%)
Chicago Behavioral Hospital
$
1,900

8.9
%
AMG Specialty Hospital (2)
1,060

4.9
%
Fresenius
923

4.3
%
HCA Physician Services Group
892

4.2
%
St. Vincent Medical Group
851

4.0
%
Adventist Health System Sunbelt Healthcare Corporation
655

3.0
%
Others (Less than 3%)
15,167

70.7
%
Total
$
21,448

100.0
%
 
 
 
(1) Annualized revenue for leases was calculated by multiplying base rent for the month of September 2016 by 12 and for the mortgage was calculated based on the principal outstanding at September 30, 2016 in accordance with the mortgage note.
(2) Mortgage investment.

            


Community Healthcare Trust / 3Q 2016 Supplemental Information
 
Page 13