EX-99.2 3 supplementalinfo2019q2.htm EXHIBIT 99.2 Exhibit



Exhibit 99.2










chctlogoa22.jpg

Supplemental Information
Second Quarter 2019

























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, 2018 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 / 2Q 2019 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
Claire Gulmi
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
 
 
 
 
 
 
 
 
 
 
Executive Management Team
 
 
 
 
 
Timothy G. Wallace
W. Page Barnes
David H. Dupuy
Leigh Ann Stach
 
Chief Executive Officer
and President
Executive Vice President,
Chief Operating Officer
Executive Vice President,
Chief Financial Officer
Executive Vice President
Chief Accounting Officer
 
 
 
 
 
 
 
 
 
 
 
Covering Analysts
 
 
 
 
 
A. Goldfarb - Sandler O'Neill
 
M. Lewis - SunTrust Robinson Humphrey
S. McGrath - Evercore ISI
 
R. Stevenson - Janney Capital Markets
B. Maher - B. Riley FBR
 
N. Crossett - Berenberg Capital Markets
D. Babin - Baird
 
B. Oxford - D.A. Davidson & Co.
 
 
 
 
 
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, New York 11219
 
 
 
1.800.937.5449


Community Healthcare Trust / 2Q 2019 Supplemental Information
 
Page 3



HISTORICAL FFO AND AFFO (1)  
(Amounts in thousands, except per share data)

 
2019
 
2018
 
2017
 
Q2
Q1
 
Q4
Q3
Q2
Q1
 
Q4
Q3
Net income (loss)
$
2,066

$
1,450

 
$
(1,885
)
$
1,999

$
2,417

$
1,872

 
$
1,552

$
579

Real estate depreciation and amortization
5,340

5,282

 
5,109

4,918

4,624

4,911

 
4,978

4,539

Gain from sale of depreciable real estate
—

—

 
(295
)
—

—

—

 
—

—

Total adjustments
5,340

5,282

 
4,814

4,918

4,624

4,911

 
4,978

4,539

Funds from Operations
$
7,406

$
6,732

 
$
2,929

$
6,917

$
7,041

$
6,783

 
$
6,530

$
5,118

   Transaction costs 
—

—

 
—

—

57

—

 
25

11

   Straight-line rent
(413
)
(336
)
 
(126
)
(359
)
(391
)
(415
)
 
(351
)
(417
)
   Stock-based compensation
899

853

 
747

690

801

614

 
428

395

   Impairment of note receivable (2)
—

—

 
5,000

—

—

—

 
—

—

   Income tax benefit (2)
—

—

 
(1,321
)
—

—

—

 
—

—

AFFO
$
7,892

$
7,249

 
$
7,229

$
7,248

$
7,508

$
6,982

 
$
6,632

$
5,107

Funds from Operations per Common Share-Diluted
$
0.40

$
0.37

 
$
0.16

$
0.39

$
0.40

$
0.38

 
$
0.37

$
0.31

AFFO Per Common Share-Diluted
$
0.42

$
0.40

 
$
0.41

$
0.40

$
0.42

$
0.39

 
$
0.37

$
0.31

Weighted Average Common Shares Outstanding-Diluted (3)
18,685

18,343

 
17,848

17,948

17,800

17,791

 
17,769

16,402


(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 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 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 deferred compensation and may include 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
)
In the fourth quarter of 2018, the Company recorded a $5.0 million impairment related to its mezzanine loan with Highlands and recorded a related tax benefit of approximately $1.3 million.
(3
)
Diluted weighted average common shares outstanding for FFO are calculated based on the treasury method, rather than the 2-class method used to calculate earnings per share.

Community Healthcare Trust / 2Q 2019 Supplemental Information
 
Page 4



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

 
2019
2018
2017
 
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
ASSETS
 
 
 
 
 
 
 
 
Real estate properties
 
 
 
 
 
 
 
 
Land and land improvements
$
57,388

$
52,520

$
50,270

$
47,748

$
47,080

$
46,066

$
44,419

$
39,810

Buildings, improvements, and lease
intangibles
454,050

425,763

394,527

376,310

369,563

356,530

343,955

307,492

Personal property
143

135

133

132

129

116

112

112

Total real estate properties
511,581

478,418

444,930

424,190

416,772

402,712

388,486

347,414

Less accumulated depreciation
(65,843
)
(60,544
)
(55,298
)
(50,607
)
(45,682
)
(41,052
)
(36,136
)
(31,153
)
Total real estate properties, net
445,738

417,874

389,632

373,583

371,090

361,660

352,350

316,261

Cash and cash equivalents
9,031

3,868

2,007

1,006

1,784

2,285

2,130

17,479

Restricted cash
234

166

385

—

—

—

—

—

Mortgage note receivable, net
—

—

—

—

—

10,633

10,633

10,633

Other assets, net
35,497

34,822

34,546

40,711

37,910

25,210

20,653

10,776

Total assets
$
490,500

$
456,730

$
426,570

$
415,300

$
410,784

$
399,788

$
385,766

$
355,149

 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Debt, net
$
198,176

$
179,117

$
147,766

$
127,449

$
125,417

$
111,385

$
93,353

$
59,284

Accounts payable and accrued liabilities
3,395

3,351

3,196

3,818

4,439

3,806

4,056

3,226

Other liabilities
9,809

4,579

3,949

4,716

4,570

4,987

4,983

4,743

Total liabilities
211,380

187,047

154,911

135,983

134,426

120,178

102,392

67,253

 
 
 
 
 
 
 
 
 
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
194

189

186

185

182

182

181

181

Additional paid-in capital
361,913

342,654

337,180

333,468

325,719

324,918

324,303

323,877

Cumulative net income
12,694

10,628

9,178

11,063

9,064

6,647

4,775

3,223

Accumulated other comprehensive (loss) income
(4,769
)
(642
)
633

2,612

2,039

1,232

258

(386
)
Cumulative dividends
(90,912
)
(83,146
)
(75,518
)
(68,011
)
(60,646
)
(53,369
)
(46,143
)
(38,999
)
Total stockholders’ equity
279,120

269,683

271,659

279,317

276,358

279,610

283,374

287,896

Total liabilities and stockholders' equity
$
490,500

$
456,730

$
426,570

$
415,300

$
410,784

$
399,788

$
385,766

$
355,149



Community Healthcare Trust / 2Q 2019 Supplemental Information
 
Page 5


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

 
2019
2018
2017
 
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
 
 
 
 
 
 
 
 
 
REVENUES
 
 
 
 
 
 
 
 
Rental income
$
13,361

$
12,898

$
11,715

$
11,926

$
11,810

$
11,075

$
10,554

$
9,170

Mortgage interest
—

—

—

—

—

—

248

255

Other operating interest
955

543

479

679

592

354

160

19

 
14,316

13,441

12,194

12,605

12,402

11,429

10,962

9,444

 
 
 
 
 
 
 
 
 
EXPENSES
 
 
 
 
 
 
 
 
Property operating
2,993

3,075

2,447

2,627

2,506

2,364

2,579

2,225

General and administrative
1,776

1,785

1,547

1,463

1,504

1,193

801

1,069

Depreciation and amortization
5,299

5,246

5,068

4,925

4,630

4,916

4,983

4,544

 
10,068

10,106

9,062

9,015

8,640

8,473

8,363

7,838

 
 
 
 
 
 
 
 
 
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND OTHER ITEMS
4,248

3,335

3,132

3,590

3,762

2,956

2,599

1,606

Gain on sale of real estate
—

—

295

—

—

—

—

—

Interest expense
(2,251
)
(2,054
)
(1,817
)
(1,643
)
(1,571
)
(1,268
)
(1,051
)
(1,091
)
Impairment of note receivable
—

—

(5,000
)
—

—

—

—

—

Income tax benefit
—

—

1,547

—

—

—

—

—

Interest and other income, net
69

169

(42
)
52

226

184

4

64

INCOME FROM CONTINUING OPERATIONS
2,066

1,450

(1,885
)
1,999

2,417

1,872

1,552

579

NET INCOME (LOSS)
$
2,066

$
1,450

$
(1,885
)
$
1,999

$
2,417

$
1,872

$
1,552

$
579

 
 
 
 
 
 
 
 
 
NET INCOME (LOSS) PER COMMON SHARE
 
 
 
 
 
 
 
 
Net income (loss) per common share – Basic
$
0.09

$
0.06

$
(0.12
)
$
0.10

$
0.12

$
0.09

$
0.08

$
0.02

Net income (loss) per common share – Diluted
$
0.09

$
0.06

$
(0.12
)
$
0.10

$
0.12

$
0.09

$
0.08

$
0.02

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC
18,246

17,955

17,848

17,670

17,574

17,574

17,574

16,242

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED
18,246

17,955

17,848

17,670

17,574

17,574

17,574

16,242

DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD
$
0.4100

$
0.4075

$
0.4050

$
0.4025

$
0.4000

$
0.3975

$
0.3950

$
0.3925



Community Healthcare Trust / 2Q 2019 Supplemental Information
 
Page 6


PROPERTY LOCATIONS

Approximately 53% of our property revenues are in MSAs with populations over 1,000,000 and approximately 96% are in MSAs with populations over 100,000.
Property Name
Property
 Type
Address
City
State
Area
% of
Square
 Feet
Annualized
 Rent (1)
% of Annualized
 Rent
Population
MSA/MISA
Rank
 
 
 
 
 
 
 
($ 000's)
 
 
 
 
Chicago Behavioral Hospital
BF
1771 Rand Road
Des Plaines
IL
85,000.0

3.74
%
$
2,016.3

4.50
%
9,533,040

Chicago-Naperville-Elgin, IL-IN-WI
3
Future Diagnostics Group
SC
254 Republic Avenue
Joliet
IL
8,876.0

0.39
%
$
375.7

0.84
%
9,533,040

Chicago-Naperville-Elgin, IL-IN-WI
3
Joliet Oncology-Hematology Associates
PC
668 Cedar Crossing
New Lenox
IL
7,905.0

0.35
%
$
340.3

0.76
%
9,533,040

Chicago-Naperville-Elgin, IL-IN-WI
3
Morris Cancer Center
SC
1600 West US Route 6
Morris
IL
18,470.0

0.81
%
$
564.1

1.26
%
9,533,040

Chicago-Naperville-Elgin, IL-IN-WI
3
Novamed Surgery Center
SCH
6309 West 95th Street
Oak Lawn
IL
30,455.0

1.34
%
$
644.2

1.44
%
9,533,040

Chicago-Naperville-Elgin, IL-IN-WI
3
Presence
MOB
7380 N. Lincoln Ave.
Lincolnwood
IL
14,863.0

0.65
%
$
318.8

0.71
%
9,533,040

Chicago-Naperville-Elgin, IL-IN-WI
3
Presence Regional Cancer Center
SC
2614 Jefferson Street
Joliet
IL
44,888.0

1.97
%
$
1,651.1

3.69
%
9,533,040

Chicago-Naperville-Elgin, IL-IN-WI
3
Skin MD
PC
16105 South LaGrange Road
Orland Park
IL
13,565.0

0.60
%
$
462.7

1.03
%
9,533,040

Chicago-Naperville-Elgin, IL-IN-WI
3
Gurnee Medical Office Building
MOB
222 S. Greenleaf St.
Gurnee
IL
22,943.0

1.01
%
$
370.9

0.83
%
9,533,040

Chicago-Naperville-Elgin, IL-IN-WI
3
Bayside Medical Center
MOB
4001 Preston Avenue
Pasadena
TX
49,738.1

2.19
%
$
851.3

1.90
%
6,892,427

Houston-The Woodlands-Sugar Land, TX
5
Kindred Healthcare
SC
18839 McKay Blvd.
Humble
TX
55,646.0

2.45
%
$
2,639.2

5.89
%
6,892,427

Houston-The Woodlands-Sugar Land, TX
5
Northwest Surgery Center
SCH
5215 Hollister Street
Houston
TX
11,200.0

0.49
%
$
466.4

1.04
%
6,892,427

Houston-The Woodlands-Sugar Land, TX
5
Haddon Hill Professional Center
MOB
63 Kresson Road
Cherry Hill
NJ
24,567.4

1.08
%
$
482.6

1.08
%
6,096,120

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
8
Continuum Wellness Center
PC
3941 E. Baseline Road
Gilbert
AZ
8,227.0

0.36
%
$
146.7

0.33
%
4,737,270

Phoenix-Mesa-Scottsdale, AZ
11
Desert Endoscopy Center
SCH
610 E. Baseline Road
Tempe
AZ
13,000.0

0.57
%
$
257.5

0.58
%
4,737,270

Phoenix-Mesa-Scottsdale, AZ
11
Mountain View Surgery Center
SCH
3131 West Peoria Avenue
Phoenix
AZ
13,835.0

0.61
%
$
315.6

0.70
%
4,737,270

Phoenix-Mesa-Scottsdale, AZ
11
Associated Surgical Center of Dearborn
SCH
24420 Ford Road
Dearborn Heights
MI
12,400.0

0.55
%
$
370.2

0.83
%
4,313,002

Detroit-Warren-Dearborn, MI
14
Berry Surgical Center
SCH
28500 Orchard Lake Road
Farmington Hills
MI
27,217.0

1.20
%
$
568.6

1.27
%
4,313,002

Detroit-Warren-Dearborn, MI
14
Bay Area Physicians Surgery Center
SCH
6043 Winthrop Commerce Avenue
Riverview
FL
18,708.0

0.82
%
$
693.9

1.55
%
3,091,399

Tampa-St. Petersburg-Clearwater, FL
18
Liberty Dialysis
SC
4352 Trail Boss Drive
Castle Rock
CO
8,450.0

0.37
%
$
245.1

0.55
%
2,888,227

Denver-Aurora-Lakewood, CO
19
Righttime Medical Care
SC
2114 Generals Highway
Annapolis
MD
6,236.0

0.27
%
$
287.2

0.64
%
2,808,175

Baltimore-Columbia-Towson, MD
20
Eyecare Partners
PC
1111 W Lincoln
Belleville
IL
6,487.0

0.29
%
$
126.4

0.28
%
2,807,338

St. Louis, MO-IL
21
Eyecare Partners
PC
1310 D'Adrian Professional Park
Godfrey
IL
5,560.0

0.24
%
$
41.2

0.09
%
2,807,338

St. Louis, MO-IL
21
Eyecare Partners
SCH
3990 N Illinois Street
Swansea
IL
16,608.0

0.73
%
$
282.3

0.63
%
2,807,338

St. Louis, MO-IL
21
Eyecare Partners
PC
204 Bradford Lane
Waterloo
IL
6,311.0

0.28
%
$
45.0

0.10
%
2,807,338

St. Louis, MO-IL
21
Bassin Center For Plastic Surgery-Orlando
PC
422 Alafaya Trail #32
Orlando
FL
2,420.0

0.11
%
$
128.5

0.29
%
2,509,831

Orlando-Kissimmee-Sanford, FL
23
Bassin Center For Plastic-Surgery-Villages
PC
8575 NE 138th Lane Suites 103-104
Lady Lake
FL
2,894.0

0.13
%
$
153.7

0.34
%
2,509,831

Orlando-Kissimmee-Sanford, FL
23
Medical Village at Wintergarden
MOB
1210 E. Plant Street
Winter Garden
FL
21,648.0

0.95
%
$
533.0

1.19
%
2,509,831

Orlando-Kissimmee-Sanford, FL
23
Orthopaedic Associates of Osceola
PC
604 Oak Commons Boulevard
Kissimmee
FL
15,167.0

0.67
%
$
337.0

0.75
%
2,509,831

Orlando-Kissimmee-Sanford, FL
23
Kissimmee Physicians Clinic
PC
611 Oak Commons Blvd
Kissimmee
FL
4,784.0

0.21
%
$
98.0

0.22
%
2,509,831

Orlando-Kissimmee-Sanford, FL
23
Vascular Access Centers of Southern Nevada
SC
3150 West Charleston
Las Vegas
NV
4,800.0

0.21
%
$
—

—
%
2,204,079

Las Vegas-Henderson-Paradise, NV
28
 
 
 
(CONTINUED)
 
 


 


 
 
 

Community Healthcare Trust / 2Q 2019 Supplemental Information
 
Page 7


Property Name
Property
 Type
Address
City
State
Area
% of
Square
 Feet
Annualized
 Rent (1)
% of Annualized
 Rent
Population
MSA/MISA
Rank
 
 
 
 
 
 
 
($ 000's)
 
 
 
 
Assurance Health System
BF
11690 Grooms Road
Cincinnati
OH
14,381.0

0.63
%
$
509.3

1.14
%
2,179,082

Cincinnati, OH-KY-IN
29
Cavalier Medical & Dialysis Center
MOB
47 & 51 Cavalier Blvd
Florence
KY
37,084.4

1.63
%
$
339.9

0.76
%
2,179,082

Cincinnati, OH-KY-IN
29
Davita Commercial Way
SC
90 Commercial Way
Springboro
OH
4,980.0

0.22
%
$
104.0

0.23
%
2,179,082

Cincinnati, OH-KY-IN
29
Fresenius Florence Dialysis Center
SC
7205 Dixie Hwy
Florence
KY
17,845.5

0.78
%
$
283.6

0.63
%
2,179,082

Cincinnati, OH-KY-IN
29
Prairie Star Medical Facility I
MOB
6815 Hilltop Road
Shawnee
KS
24,724.0

1.09
%
$
817.7

1.83
%
2,128,912

Kansas City, MO-KS
30
Prairie Star Medical Facility II
MOB
6850 Hilltop Road
Shawnee
KS
24,840.0

1.09
%
$
319.6

0.71
%
2,128,912

Kansas City, MO-KS
30
Court Street Surgery Center
SCH
125 South Court Street
Circleville
OH
7,787.0

0.34
%
$
—

—
%
2,078,725

Columbus, OH
32
Sedalia Medical Center
MOB
5345 Hendron Road
Groveport
OH
20,064.0

0.88
%
$
298.4

0.67
%
2,078,725

Columbus, OH
32
Brook Park Medical Building
MOB
15900 Snow Road
Brook Park
OH
18,444.0

0.81
%
$
375.1

0.84
%
2,058,844

Cleveland-Elyria, OH
33
Rockside Medical Center
MOB
6701 Rockside Road
Independence
OH
54,870.3

2.41
%
$
1,347.4

3.01
%
2,058,844

Cleveland-Elyria, OH
33
Assurance Health System
BF
900 N High School Road
Indianapolis
IN
13,722.0

0.60
%
$
452.8

1.01
%
2,028,614

Indianapolis-Carmel-Anderson, IN
34
Assurance Health, LLC
BF
2725 Enterprise Drive
Anderson
IN
10,200.0

0.45
%
$
333.1

0.74
%
2,028,614

Indianapolis-Carmel-Anderson, IN
34
Kindred Hospital Indianapolis North
LTACH
Suite 2000 Box 82064, One American Square
Indianapolis
IN
37,270.0

1.64
%
$
1,412.4

3.15
%
2,028,614

Indianapolis-Carmel-Anderson, IN
34
Virginia Orthopaedic & Spine Specialists
PC
3300 High Street
Portsmouth
VA
8,445.0

0.37
%
$
144.3

0.32
%
1,725,246

Virginia Beach-Norfolk-Newport News, VA-NC
37
Memphis Center
PC
11221 Latting Road
Eads
TN
11,669.0

0.51
%
$
105.9

0.24
%
1,348,260

Memphis, TN-MS-AR
42
Glastonbury
MOB
622 Hebron Avenue
Glastonbury
CT
50,519.0

2.22
%
$
834.4

1.86
%
1,210,259

Hartford-West Hartford-East Hartford, CT
47
Sterling Medical Center
MOB
200 Sterling Drive
Orchard Park
NY
28,702.0

1.26
%
$
406.6

0.91
%
1,136,856

Buffalo-Cheektowaga-Niagara Falls, NY
50
Worcester Behavioral
BF
100 Century Drive
Worcester
MA
81,972.0

3.60
%
$
2,535.3

5.66
%
942,475

Worcester, MA-CT (part)
58
Los Alamos Professional Plaza
MOB
427 E. Duranta Avenue
Alamo
TX
41,797.0

1.84
%
$
438.0

0.98
%
860,661

McAllen-Edinburg-Mission, TX
65
Cardiology Associates of Greater Waterbury
PC
455 Chase Parkway
Waterbury
CT
16,793.0

0.74
%
$
310.7

0.69
%
860,435

New Haven-Milford
66
Columbia Gastroenterology Surgery Center
SCH
2739 Laurel Street
Columbia
SC
16,969.0

0.75
%
$
372.9

0.83
%
825,033

Columbia, SC
71
Davita Business Center Court
SC
1431 Business Center Court
Dayton
OH
13,048.0

0.57
%
$
254.3

0.57
%
803,416

Dayton, OH
73
Davita Springboro Pike
SC
4700 Springboro Pike
Dayton
OH
10,510.0

0.46
%
$
179.0

0.40
%
803,416

Dayton, OH
73
Davita Turner Road
SC
455 Turner Road
Dayton
OH
17,642.0

0.78
%
$
364.6

0.81
%
803,416

Dayton, OH
73
Novus Clinic
SCH
518 West Avenue
Tallmadge
OH
14,315.0

0.63
%
$
279.1

0.62
%
703,505

Akron, OH
81
UH Walden Health Center
PC
1119 Aurora Hudson Road
Aurora
OH
11,000.0

0.48
%
$
320.5

0.72
%
703,505

Akron, OH
81
Parkway Professional Plaza
MOB
4725 US Hwy 98 S
Lakeland
FL
41,706.4

1.83
%
$
694.5

1.55
%
686,483

Lakeland-Winter Haven, FL
82
UW Health Clinic- Portage
PC
2977 County Highway CX
Portage
WI
14,000.0

0.62
%
$
300.0

0.67
%
654,230

Madison, WI
86
Daytona Medical Office
MOB
1620 Mason Avenue
Daytona Beach
FL
19,156.0

0.84
%
$
536.6

1.20
%
649,202

Deltona-Daytona Beach-Ormond Beach, FL
87
Debary Professional Plaza
MOB
110 Pond Court
Debary
FL
22,314.6

0.98
%
$
155.8

0.35
%
649,202

Deltona-Daytona Beach-Ormond Beach, FL
87
Cypress Medical Center
MOB
9300 E. 29th Street North
Wichita
KS
43,223.2

1.90
%
$
909.8

2.03
%
645,628

Wichita, KS
89
Family Medicine East
PC
1709 S. Rock Road
Wichita
KS
16,581.0

0.73
%
$
410.8

0.92
%
645,628

Wichita, KS
89
Grene Vision Center
PC
655 N. Woodlawn Blvd
Wichita
KS
11,891.0

0.52
%
$
306.0

0.68
%
645,628

Wichita, KS
89
Perrysburg Medical Arts Building
MOB
1103 Village Square Drive
Perrysburg
OH
24,134.0

1.06
%
$
381.8

0.85
%
603,668

Toledo, OH
92
 
 
 
(CONTINUED)
 
 


 


 
 
 

Community Healthcare Trust / 2Q 2019 Supplemental Information
 
Page 8


Property Name
Property
 Type
Address
City
State
Area
% of
Square
 Feet
Annualized
 Rent (1)
% of Annualized
 Rent
Population
MSA/MISA
Rank
 
 
 
 
 
 
 
($ 000's)
 
 
 
 
St. Vincent Mercy Medical Center, Inc.
MOB
3930 Sunforest Court
Toledo
OH
23,368.0

1.03
%
$
301.4

0.67
%
603,668

Toledo, OH
92
Bassin Center For Plastic Surgery-Melbourne
PC
1705 Berglund Lane
Viera
FL
5,228.0

0.23
%
$
277.6

0.62
%
589,162

Palm Bay-Melbourne-Titusville, FL
94
Eynon Surgery Center
SCH
681 Scranton Carbondale Hwy
Eynon
PA
6,500.0

0.29
%
$
163.8

0.37
%
555,426

Scranton--Wilkes-Barre--Hazleton, PA
100
Riverview Medical Center
SCH
423 Third Avenue
Kingston
PA
24,040.0

1.06
%
$
529.3

1.18
%
555,426

Scranton--Wilkes-Barre--Hazleton, PA
100
Grandview Plaza
PC
802 New Holland Avenue
Lancaster
PA
20,000.0

0.88
%
$
284.7

0.64
%
542,903

Lancaster, PA
102
AMG Specialty Hospital - Lafayette
BF
310 Youngville Highway
Lafayette
LA
29,061.9

1.28
%
$
—

—
%
491,558

Lafayette, LA
108
Treasure Coast Medical Pavilion
MOB
3498 NW Federal Hwy #C
Jensen Beach
FL
56,703.0

2.49
%
$
688.6

1.54
%
473,429

Port St. Lucie, FL
111
Martin Foot & Ankle Clinic
PC
2300 Pleasant Valley Road
York
PA
27,100.0

1.19
%
$
383.5

0.86
%
446,078

York-Hanover, PA
120
Affinity Health Center
MOB
4455 Dressler Road NW
Canton
OH
47,366.0

2.08
%
$
707.2

1.58
%
399,927

Canton-Massillon, OH
135
Bristol Pediatric Associates
MOB
320 Steeles Road
Bristol
TN
10,975.0

0.48
%
$
230.3

0.51
%
306,659

Kingsport-Bristol-Bristol, TN-VA
161
Wellmont Bristol Urgent Care
SC
1220 Volunteer Parkway
Bristol
TN
4,548.0

0.20
%
$
72.8

0.16
%
306,659

Kingsport-Bristol-Bristol, TN-VA
161
Londonderry Centre
MOB
7030 New Sanger Avenue
Waco
TX
19,495.0

0.86
%
$
432.8

0.97
%
268,696

Waco, TX
181
Meridian Behavioral Health Systems
BF
300 56th SW
Charleston
WV
132,430.0

5.82
%
$
2,494.4

5.57
%
214,406

Charleston, WV
209
Gulf Coast Cancer Centers- Gulf Shores
SC
253 Professional Lane
Gulf Shores
AL
6,398.0

0.28
%
$
—

—
%
212,628

Daphne-Fairhope-Foley, AL
211
Gulf Coast Cancer Centers-Foley
SC
1703 North Bunner Street
Foley
AL
6,146.0

0.27
%
$
159.8

0.36
%
212,628

Daphne-Fairhope-Foley, AL
211
Fresenius Ft. Valley
SC
135 Avera Drive
Fort Valley
GA
4,920.0

0.22
%
$
92.6

0.21
%
191,779

Warner Robins, GA
228
Monroe Surgical Hosptial
SCH
2408 Broadmoor Blvd
Monroe
LA
58,121.0

2.56
%
$
2,152.6

4.81
%
178,445

Monroe, LA
239
Kedplasma
SC
505 East Webb Avenue
Burlington
NC
12,870.0

0.57
%
$
272.1

0.61
%
162,391

Burlington, NC
260
Provena Medical Center
MOB
600-680 N. Convent Street
Bourbonnais
IL
50,765.0

2.23
%
$
878.4

1.96
%
109,605

Kankakee, IL
357
Wellmont Associates Complex
MOB
338 Cueburn Avenue
Norton
VA
32,542.0

1.43
%
$
490.3

1.10
%
57,304

Big Stone Gap, VA
541
Wellmont Norton Urgent Care
SC
1014 Park Avenue
Norton
VA
5,000.0

0.22
%
$
57.5

0.13
%
57,304

Big Stone Gap, VA
541
Fresenius Gallipolis Dialysis Center
SC
137 Pine Street
Gallipolis
OH
14,889.8

0.65
%
$
159.3

0.36
%
56,774

Point Pleasant, WV-OH
547
Davita Etowah Dialysis Center
SC
109 Grady Road
Etowah
TN
4,720.0

0.21
%
$
70.2

0.16
%
52,877

Athens, TN
573
Fresenius Dialysis Center
SC
1321 W. 2nd Avenue
Corsicana
TX
17,699.0

0.78
%
$
132.0

0.29
%
48,701

Corsicana, TX
604
Arkansas Valley Surgery Center
SCH
933 Sell Avenue
Canon City
CO
10,853.5

0.48
%
$
231.6

0.52
%
47,559

Cañon City, CO
613
Davita Dialysis
SC
330 Lola Lane
Pahrump
NV
12,545.0

0.55
%
$
427.0

0.95
%
44,202

Pahrump, NV
653
Ottumwa Medical Clinic
MOB
1005 Pennsylvania Avenue
Ottumwa
IA
79,594.0

3.50
%
$
1,087.5

2.43
%
44,010

Ottumwa, IA
655
Eyecare Partners
PC
408 W Second Street
Centralia
IL
8,421.0

0.37
%
$
122.1

0.27
%
37.902

Centralia, IL
724
Gulf Coast Cancer Centers-Brewton
SC
1207 Azalea Place
Brewton
AL
3,971.0

0.17
%
$
103.2

0.23
%
37.447

Atmore, AL
732
Sanderling Dialysis Center
SC
780 East Washington Boulevard
Crescent City
CA
4,186.0

0.18
%
$
267.8

0.60
%
27.47

Crescent City, CA
839
Batesville Regional Medical Center
MOB
205 Medical Center Dr
Batesville
MS
9,263.1

0.41
%
$
44.9

0.10
%
 City: 7,241; County: 33,994

RURAL - NO CBSA
N/A
Dahlonega Medical Mall
MOB
134 Ansley Drive
Dahlonega
GA
23,113.7

1.02
%
$
0.2

0.42
%
 City: 7,007; County: 32,873

RURAL - NO CBSA
N/A
Haleyville Physicians Professional Building
MOB
42030 Hwy 195 East
Haleyville
AL
29,515.0

1.30
%
$
148.1

0.33
%
 City: 3,982;
County: 23,722

RURAL - NO CBSA
N/A
 
 
 
(CONTINUED)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Community Healthcare Trust / 2Q 2019 Supplemental Information
 
Page 9


Property Name
Property
 Type
Address
City
State
Area
% of
Square
 Feet
Annualized
 Rent (1)
% of Annualized
 Rent
Population
MSA/MISA
Rank
 
 
 
 
 
 
 
($ 000's)
 
 
 
 
North Mississippi Health Services
MOB
1107 Earl Frye Blvd
Amory
MS
17,628.8

0.78%

$
85.5

0.19%

 City: 6,958; County: 35,872

RURAL - NO CBSA
N/A
North Mississippi Health Services
MOB
1111 Earl Frye Blvd, 
Amory
MS
27,743.2

1.22%

$
134.5

0.30%

 City: 6,958; County: 35,872

RURAL - NO CBSA
N/A
North Mississippi Health Services
MOB
1127 Earl Frye Blvd
Amory
MS
18,074.3

0.79%

$
87.7

0.20%

 City: 6,958; County: 35,872

RURAL - NO CBSA
N/A
North Mississippi Health Services
MOB
404 Gilmore Drive
Amory
MS
9,889.7

0.43%

$
48.0

0.11%

 City: 6,958; County: 35,872

RURAL - NO CBSA
N/A
North Mississippi Health Services
MOB
305 Highway 45N
Aberdeen
MS
3,377.7

0.15%

$
16.4

0.04%

 City: 5,328; County: 35,872

RURAL - NO CBSA
N/A
Rettig Family Healthcare
PC
204 W Trinity Street
Groesbeck
TX
12,000.0

0.53%

$
180.0

0.40%

 City: 4,318; County: 23,527

RURAL - NO CBSA
N/A
Russellville Medical Plaza
MOB
15155 Hwy 43 NE
Russellville
AL
29,129.0

1.28%

$
146.2

0.33%

 City: 9,697; County: 31,495

RURAL - NO CBSA
N/A
Sanderling Dialysis Center
SC
102 Crestview Drive
Holdenville
OK
5,217.0

0.23%

$
248.7

0.56%

 City: 5,547; County: 13,302

RURAL - NO CBSA
N/A
Tri Lakes Behavioral
BF
155 Keating Road
Batesville
MS
58,400.0

2.57%

$
506.3

1.13%

 City: 7,241; County: 33,994

RURAL - NO CBSA
N/A
Wellmont Lebanon Urgent Care
SC
344 Overlook Drive
Lebanon
VA
8,369.0

0.37%

$
97.7

0.22%

 City: 3,214; County: 27,048

RURAL - NO CBSA
N/A
 
 
 
 
 
 
 
 
 
 
 
 
(1) Annualized rent was calculated by multiplying base rent for the month of June 2019 by 12.

Community Healthcare Trust / 2Q 2019 Supplemental Information
 
Page 10


INVESTMENT ACTIVITY


2019 INVESTMENT ACTIVITY
 
 
 
 
 
 
 
 
 
 
 
Location
Property
Type
Acquisition Date
Purchase Price (in thousands)
Square Feet
Aggregate Leased
% at Acquisition
Property Acquisitions:
 
 
 
 
 
 
Humble, TX
IRF
2/22/2019
$
28,459

55,646

100.0
%
 
York, PA
PC
2/25/2019
4,265

27,100

100.0
%
 
Worcester, MA
BF
4/30/2019
27,000

81,972

100.0
%
 
Gurnee, IL
MOB
5/30/2019
3,819

22,943

91.3
%
 
Kissimmee, FL
MOB
6/20/2019
1,059

4,902

100.0
%
 
 
 
 
 
 
 
Total / Weighted Average
 
 
$
64,602

192,563




Community Healthcare Trust / 2Q 2019 Supplemental Information
 
Page 11


LEASING INFORMATION


LEASE EXPIRATION SCHEDULE (1) 


 
 
Total Leased Square Footage
Annualized Lease Revenue
Year
Number of
Leases
Expiring
Amount
Percent (%)
Amount ($)
(in thousands)
Percent (%)
2019
18

67,406

3.1
%
1,402,133

2.9
%
2020
44

219,391

10.3
%
4,563,042

9.5
%
2021
24

174,061

8.1
%
3,562,870

7.4
%
2022
32

205,457

9.6
%
4,402,213

9.2
%
2023
38

222,730

10.4
%
4,378,740

9.2
%
2024
15

87,246

4.1
%
2,014,561

4.2
%
2025
13

135,578

6.3
%
4,221,662

8.8
%
2026
9

147,746

6.9
%
3,287,660

7.0
%
2027
4

12,325

0.6
%
351,525

0.7
%
2028
3

66,789

3.1
%
1,124,970

2.3
%
Thereafter
33

784,262

36.6
%
18,127,988

37.8
%
Month-to-Month
7

18,919

0.9
%
490,404

1.0
%
Totals
240

2,141,910

100.0
%
$
47,927,768

100.0
%

(1) Total portfolio was approximately 90.1% leased in the aggregate at June 30, 2019 with lease expirations ranging from 2019 through 2034.





Community Healthcare Trust / 2Q 2019 Supplemental Information
 
Page 12


PROPERTY DIVERSIFICATION



chart-a65f940ab64b5671b36.jpg
Property Type (1)
Number of
Properties

Annualized
Rent (1)
($ in thousands)
Annualized Rent
(%)
Medical Office Building (MOB)
36
$
16,129

33.7
%
Behavioral Facilities (BF)
8
8,847

18.5
%
Surgical Centers and Hospitals (SCH)
15
7,328

15.3
%
Specialty Centers (SC)
25
6,469

13.5
%
Physician Clinics (PC)
22
5,026

10.5
%
Inpatient Rehabilitation Facilities (IRF)
1
2,639

5.5
%
Long-term Acute Care Hospitals (LTACH)
1
1,412

3.0
%
Total
108
$
47,850

100.0
%
______________________
 
 
 
(1) Annualized rent was calculated based on the contractual monthly rent amount for June 2019.














Community Healthcare Trust / 2Q 2019 Supplemental Information
 
Page 13



PROPERTY DIVERSIFICATION
(continued)



chart-2367e041a42a591c806.jpg

State
Number of
Properties
Annualized
Rent (1)
($ in thousands)
Annualized
Rent
(%)
ILLINOIS
15
$
8,239

17.2
%
OHIO
15
5,581

11.7
%
TEXAS
7
5,140

10.7
%
FLORIDA
11
4,297

9.0
%
KANSAS
5
2,764

5.8
%
MASSACHUSETTS
1
2,535

5.3
%
WEST VIRGINIA
1
2,495

5.2
%
INDIANA
3
2,198

4.6
%
LOUISIANA
2
2,153

4.5
%
OTHER (Less than 3%)
48
$
12,448

26.0
%
TOTAL
108
$
47,850

100.0
%
_________________
 
 
 
(1) Annualized rent was calculated based on the contractual monthly rent amount for June 2019.







Community Healthcare Trust / 2Q 2019 Supplemental Information
 
Page 14



PROPERTY DIVERSIFICATION
(continued)


chart-85ccc26ce4db58a6a51.jpg

Tenant
Annualized
Rent (1)
($ in thousands)
Annualized Rent
(%)
Post Acute Medical
$
2,639

5.5
%
Worcester Behavioral Innovations Hospital
2,535

5.3
%
Highland Hospital
2,494

5.2
%
AMITA Health
2,457

5.1
%
Blue Cross Blue Shield of Louisiana
2,153

4.5
%
US Healthvest
2,016

4.2
%
Assurance Health
1,810

3.8
%
All Others (Less than 3%)
31,746

66.4
%
 
$
47,850

100.0
%
__________________
 
 
(1) Annualized rent was calculated based on the contractual monthly rent amount for June 2019.


            


Community Healthcare Trust / 2Q 2019 Supplemental Information
 
Page 15