Community Healthcare Trust Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 04:30 pm EDT
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Community Healthcare Trust Incorporated reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 27.69 million compared to USD 23.92 million a year ago. Revenue was USD 28.74 million compared to USD 24.81 million a year ago. Net income was USD 3.49 million compared to USD 5.67 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to USD 0.21 a year ago.
For the nine months, sales was USD 80.58 million compared to USD 69.72 million a year ago. Revenue was USD 83.72 million. Net income was USD 3.15 million compared to USD 16.78 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.62 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 0.62 a year ago.
Community Healthcare Trust Incorporated is a real estate investment trust. The Company focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in its target sub-markets throughout the United States. The Company owns and acquires healthcare-related real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers. The Company's real estate investments are diversified by property type, which includes medical office building (MOB), inpatient rehabilitation facilities (IRF), acute inpatient behavioral (AIB), specialty centers (SC), physician clinics (PC), behavioral specialty facilities (BSF), surgical centers and hospitals (SCH), and long-term acute care hospitals (LTACH). The Company has investments in approximately 193 real estate properties, which are located in 34 states, totaling over 4.3 million square feet in the aggregate.