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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): April 30, 2024

COMMUNITY HEALTHCARE TRUST INCORPORATED

(Exact Name of Registrant as Specified in its Charter)

Maryland

001-37401

46-5212033

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

3326 Aspen Grove Drive, Suite 150, Franklin, Tennessee 37067

(Address of principal executive offices) (Zip Code)

(615) 771-3052

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each Class

Trading Symbol

Name of each exchange on which registered

Common stock, $0.01 par value per share

CHCT

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 2.02    Results of Operations and Financial Condition

    On April 30, 2024, Community Healthcare Trust Incorporated (the "Company") issued a press release announcing its earnings for the first quarter ended March 31, 2024. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.

    This information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act.

Item 7.01     Regulation FD Disclosure

    The Company is furnishing its Supplemental Information for the first quarter ended March 31, 2024, which is also contained on its website (www.chct.reit). See Exhibit 99.2 to this Current Report on Form 8-K.

    The Company has prepared an investor presentation for the first quarter ended March 31, 2024 that is expected to be used in meetings with current and potential investors. A copy of this presentation is available on the Company's website (www.chct.reit).

    This information furnished pursuant to this Item 7.01, including Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act.

Item 9.01 Financial Statements and Exhibits

The exhibits required by Item 601 of Regulation S-K which are filed with this report are listed in the Exhibit Index and are hereby incorporated in by reference.

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EXHIBIT INDEX

Exhibit No.			Description
99.1			Press release dated April 30, 2024
99.2			Supplemental Information - First Quarter 2024
104			Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

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SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			COMMUNITY HEALTHCARE TRUST INCORPORATED
			By:			/s/ William G. Monroe IV
						William G. Monroe IV
						Executive Vice President and Chief Financial Officer
April 30, 2024

Exhibit 99.1

News Release

Community Healthcare Trust Announces Results for the Three Months Ended March 31, 2024

FRANKLIN, Tenn., April 30, 2024 / PRNewswire / -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced results for the three months ended March 31, 2024. The Company reported net income for the three months ended March 31, 2024 of approximately $3.7 million, or $0.11 per diluted common share. Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the three months ended March 31, 2024 totaled $0.53 and $0.59, respectively, per diluted common share. 

Items Impacting Our Results include:

•During the three months ended March 31, 2024, the Company acquired four real estate properties for an aggregate purchase price of approximately $34.2 million. Upon acquisition, the properties totaling approximately 165,000 square feet, were 98.6% leased in the aggregate with lease expirations through 2039.

•Subsequent to March 31, 2024, the Company acquired one inpatient rehabilitation facility for a purchase price and cash consideration of approximately $23.5 million. Upon acquisition, the property was 100.0% leased with a lease expiration in 2039. The acquisition was funded with proceeds from the Company's Revolving Credit Facility.

•The Company has seven properties under definitive purchase agreements, to be acquired after completion and occupancy, for an aggregate expected purchase price of approximately $169.5 million. The Company's expected returns on these investments are approximately 9.1% to 9.75%. The Company anticipates closing on one of these properties in the fourth quarter of 2024 with the remainder throughout 2025, 2026 and 2027; however, the Company cannot provide assurance as to the timing of when, or whether, these transactions will actually close.

•During the first quarter of 2024, the Company issued, through its at-the-market offering program, approximately 19,000 shares of common stock at an average gross sales price of $27.51 per share for net proceeds of approximately $0.5 million at an approximate 6.79% current equity yield.

•The Company has one property under a definitive sale agreement. The sales price less estimated costs to sell exceed the carrying value of the property. The Company expects to close on this property during the second or third quarter of 2024; however, the Company cannot provide assurance as to the timing of when, or whether, this transaction will actually close.

•During the first quarter of 2024, the Company's Board approved and adopted certain changes to executive compensation as described in more detail in the Company's Proxy Statement filed with the Securities and Exchange Commission on March 14, 2024. These changes were effective beginning January 1, 2024 for salary and long term equity incentive awards, and will be effective for annual bonuses with performance periods commencing on and after July 1, 2024.

•Effective February 16, 2024, one of the Company's tenants, GenesisCare and certain of its affiliates ("GenesisCare"), emerged from Chapter 11 bankruptcy protection, and GenesisCare U.S. is now an independent business delivering oncology and specialty care services in Florida and North Carolina. Of the Company's seven leases with GenesisCare, five were assumed or assigned to buyers as part of the bankruptcy process and two remain with the GenesisCare U.S. entity.

•On April 25, 2024, the Company’s Board of Directors declared a quarterly common stock dividend in the amount of $0.46 per share. The dividend is payable on May 24, 2024 to stockholders of record on May 10, 2024.

1

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About Community Healthcare Trust Incorporated

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of March 31, 2024, the Company had investments of approximately $1.1 billion in 197 real estate properties (including a portion of one property accounted for as a sales-type lease and two properties classified as held for sale). The properties are located in 35 states, totaling approximately 4.4 million square feet in the aggregate.

Additional information regarding the Company, including this quarter's operations, can be found at www.chct.reit.  Please contact the Company at 615-771-3052 to request a printed copy of this information.

Cautionary Note Regarding Forward-Looking Statements

In addition to the historical information contained within, the matters discussed in this press release 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”, “will,” “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, changes in governmental regulations, the degree and nature of the Company’s competition, the ability to consummate acquisitions under contract, catastrophic or extreme weather and other natural events and the physical effects of climate change, the occurrence of cyber incidents, effects on global and national markets as well as businesses resulting from increased inflation, rising interest rates, supply chain disruptions, labor conditions, the conflict between Russia and Ukraine, and/or new and ongoing hostilities between Israel and Hamas, 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, 2023, 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 press release 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.

2

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COMMUNITY HEALTHCARE TRUST INCORPORATED

CONSOLIDATED BALANCE SHEETS

(Dollars and shares in thousands, except per share amounts)

			(Unaudited)
			March 31, 2024						December 31, 2023
ASSETS
Real estate properties:
Land and land improvements			$	142,120					$	136,532
Buildings, improvements, and lease intangibles			948,253						913,416
Personal property			317						299
Total real estate properties			1,090,690						1,050,247
Less accumulated depreciation			(211,058)						(200,810)
Total real estate properties, net			879,632						849,437
Cash and cash equivalents			3,805						3,491
Restricted cash			1,141						1,142
Real estate properties held for sale			7,466						7,466
Other assets, net			90,657						83,876
Total assets			$	982,701					$	945,412
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net			$	442,320					$	403,256
Accounts payable and accrued liabilities			11,775						12,032
Other liabilities, net			16,960						16,868
Total liabilities			471,055						432,156
Commitments and contingencies
Stockholders' Equity
Preferred stock, $0.01 par value; 50,000 shares authorized; none issued and outstanding			—						—
Common stock, $0.01 par value; 450,000 shares authorized; 27,701 and 27,613 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively			277						276
Additional paid-in capital			690,491						688,156
Cumulative net income			92,521						88,856
Accumulated other comprehensive gain			21,490						16,417
Cumulative dividends			(293,133)						(280,449)
Total stockholders’ equity			511,646						513,256
Total liabilities and stockholders' equity			$	982,701					$	945,412

The Consolidated Balance Sheets do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.

 

3

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COMMUNITY HEALTHCARE TRUST INCORPORATED

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS ENDED MARCH 31, 2024 AND 2023

( Dollars and shares in thousands, except per share amounts)

			Three Months Ended March 31,
			2024						2023
			(Unaudited)
REVENUES
Rental income			$	28,342					$	26,128
Other operating interest			991						1,048
			29,333						27,176
EXPENSES
Property operating			5,791						4,873
General and administrative (1)			4,554						16,205
Depreciation and amortization			10,262						9,018
			20,607						30,096
OTHER INCOME (EXPENSE)
Impairment of real estate asset			—						—
Interest expense			(5,062)						(3,992)
Deferred income tax expense			—						(35)
Interest and other income, net			1						25
			(5,061)						(4,002)
NET INCOME (LOSS)			$	3,665					$	(6,922)
NET INCOME (LOSS) PER COMMON SHARE (1):
Net income (loss) per common share - Basic			$	0.11					$	(0.32)
Net income (loss) per common share - Diluted			$	0.11					$	(0.32)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC			26,297						24,227
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED			26,297						24,227
___________
(1)General and administrative expenses for the three months ended March 31, 2024 included stock-based compensation expense totaling approximately $2.4 million. General and administrative expenses for the three months ended March 31, 2023 included stock-based compensation expense totaling approximately $14.3 million, including the accelerated amortization of stock-based compensation totaling approximately $11.8 million, or $0.49 per diluted common share, recognized upon the passing of our former CEO and President.

The Consolidated Statements of Income do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.

4

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COMMUNITY HEALTHCARE TRUST INCORPORATED

RECONCILIATION OF FFO and AFFO (1)

(Unaudited; Dollars and shares in thousands, except per share amounts)

			Three Months Ended March 31,
			2024						2023
Net income (loss)			$	3,665					$	(6,922)
Real estate depreciation and amortization			10,378						9,088
FFO			$	14,043					$	2,166
Straight-line rent			(755)						(917)
Stock-based compensation			2,424						2,547
Accelerated amortization of stock-based compensation (2)			—						11,799
AFFO			$	15,712					$	15,595
FFO per Common Share-Diluted			$	0.53					$	0.09
AFFO per Common Share-Diluted			$	0.59					$	0.62
Weighted Average Common Shares Outstanding-Diluted (3)			26,707						25,298

 

(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 is an operating performance measure adopted by NAREIT. NAREIT defines FFO as the most commonly accepted and reported measure of a REIT’s operating performance equal to net income (calculated in accordance with GAAP), excluding gains or losses from the sale of certain real estate assets, gains and losses from change in control, impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity, plus depreciation and amortization related to real estate properties, and after adjustments for unconsolidated partnerships and joint ventures. NAREIT also provides REITs with an option to exclude gains, losses and impairments of assets that are incidental to the main business of the REIT from the calculation of FFO. In addition to FFO, the Company presents AFFO and AFFO per share. The Company defines AFFO 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 the amortization of stock-based compensation, and including or excluding 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 first quarter of 2023, the Company accelerated the amortization of stock-based compensation upon the passing of our former CEO and President, impacting FFO per diluted share by $0.47.
(3)			Diluted weighted average common shares outstanding for FFO and AFFO are calculated based on the treasury method, rather than the 2-class method used to calculate earnings per share.

CONTACT: Bill Monroe, 615-771-3052

SOURCE: Community Healthcare Trust Incorporated

5

Exhibit 99.2                

			CHCT
			LISTED
			NYSE

                

SUPPLEMENTAL INFORMATION Q1 2024

Community Healthcare Trust						1Q 2024 | Supplemental Information

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ABOUT US

CHCT is a self-managed healthcare real estate investment trust (“REIT”) that owns a diverse portfolio of properties including medical office buildings, acute inpatient behavioral facilities, inpatient rehabilitation facilities, physician clinics, specialty centers, behavioral specialty facilities, and surgical centers and hospitals across the United States, primarily outside of urban centers. As a result of favorable demographic trends, increases in healthcare spending, and the shift in the delivery of healthcare services to community-based facilities, we believe our properties are essential for healthcare providers to serve their local markets. 

TABLE OF CONTENTS

Company Snapshot			3
Corporate Information			4
Financial Highlights			5
Consolidated Balance Sheets			7
Consolidated Statements of Operations			8
Reconciliation of Non-GAAP Measures			9
Weighted Average Shares			11
Debt Summary			12
Investment Activity			13
Portfolio Diversification			14
Lease Expirations			15
Property Locations			16
Reporting Definitions			23
Disclaimers			26

Community Healthcare Trust						1Q 2024 | Supplemental Information

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COMPANY SNAPSHOT

                                                        

			March 31, 2024
Gross real estate investments (in thousands) (1)			$1,101,171
Total properties			197
% Leased (2)			92.3		%
Total square feet owned			4,418,834
Weighted Average remaining lease term (years)			6.9
Cash and cash equivalents and restricted cash (in thousands)			$4,946
Debt to Total Capitalization			38.0		%
Weighted average interest rate per annum on Revolving Line of Credit			7.1		%
Weighted average interest rate per annum on Term Loans			4.4		%
Equity market cap (in millions)			$735.5
Quarterly dividend paid in the period (per share)			$0.4575
Quarter end stock price (per share)			$26.55
Dividend yield			6.89		%
Common shares outstanding			27,701,196
___________
(1) Includes a portion of one property accounted for as a sales-type lease and two properties classified as held for sale.
(2) Excludes real estate assets held for sale.

Community Healthcare Trust			Page | 3			1Q 2024 | Supplemental Information

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CORPORATE INFORMATION

Community Healthcare Trust Incorporated

3326 Aspen Grove Drive, Suite 150

Franklin, TN 37067

Phone: 615-771-3052

E-mail: Investorrelations@chct.reit

Website: www.chct.reit

BOARD OF DIRECTORS

Alan Gardner

Robert Hensley

Claire Gulmi

R. Lawrence Van Horn

Cathrine Cotman

David H. Dupuy

Chairman of the Board

Audit Committee Chair

Compensation Committee Chair

ESG Committee Chair

Board member

Board member

EXECUTIVE MANAGEMENT TEAM

David H. Dupuy

William G. Monroe IV

Leigh Ann Stach

Timothy L. Meyer

Chief Executive Officer and President

Executive Vice President Chief Financial Officer

Executive Vice President Chief Accounting Officer

Executive Vice President Asset Management

COVERING ANALYSTS
A. Goldfarb - Piper Sandler			M. Lewis - Truist Securities
J. Kammert - Evercore ISI			R. Stevenson - Janney Capital Markets
W. Golladay - Baird			B. Oxford - Colliers International Securities
PROFESSIONAL SERVICES
Independent Registered Public Accounting Firm			Transfer Agent
BDO USA, P.C.			Equiniti Trust Company, LLC
501 Commerce Street, Suite 1400			Operations Center
Nashville, TN 37203			6201 15th Avenue
			Brooklyn, NY 11219
			1-800-937-5449

Community Healthcare Trust			Page | 4			1Q 2024 | Supplemental Information

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FINANCIAL HIGHLIGHTS

						Three Months Ended
						1Q 2024			4Q 2023			3Q 2023			2Q 2023			1Q 2023
						(Unaudited and in thousands, except per share data)
STATEMENTS OF OPERATIONS ITEMS
			Revenues			$	29,333		$	29,124		$	28,735		$	27,810		$	27,176
			Net income (loss) (1)(2)(3)			$	3,665		$	4,567		$	3,492		$	6,577		$	(6,922)
			NOI			$	23,542		$	23,526		$	23,279		$	23,024		$	22,303
			EBITDAre			$	18,989		$	19,834		$	19,664		$	19,986		$	6,123
			Adjusted EBITDAre			$	21,413		$	21,863		$	21,562		$	20,972		$	20,469
			FFO (2)			$	14,043		$	14,914		$	14,969		$	15,870		$	2,166
			AFFO			$	15,712		$	16,071		$	16,423		$	16,037		$	15,595
Per Diluted Share:
			Net income (loss) attributable to common shareholders			$	0.11		$	0.15		$	0.11		$	0.24		$	(0.32)
			FFO			$	0.53		$	0.57		$	0.58		$	0.62		$	0.09
			AFFO			$	0.59		$	0.61		$	0.63		$	0.63		$	0.62
			___________
			(1) Net loss for the first quarter of 2023 included accelerated amortization of deferred compensation upon the passing of our former CEO and President of approximately $11.8 million, or $0.47 per diluted common share and $0.46 FFO per diluted share.
			(2) Net income for the second quarter of 2023 includes a $0.7 million net casualty gain recognized from insurance proceeds received related to one property that was vandalized, increasing FFO by $0.03 per diluted share.
			(3) Net income for the third quarter of 2023 included accelerated amortization of lease intangibles on the two GenesisCare properties where the leases have been rejected of approximately $1.5 million, or $0.06 per diluted common share.

Community Healthcare Trust			Page | 5			1Q 2024 | Supplemental Information

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FINANCIAL HIGHLIGHTS (Continued)

						As of
						1Q 2024			4Q 2023			3Q 2023			2Q 2023			1Q 2023
						(Unaudited and dollars in thousands)
BALANCE SHEET ITEMS
ASSETS
			Total real estate properties			$	1,090,690		$	1,050,247		$	1,044,893		$	986,948		$	971,026
			Total assets			$	982,701		$	945,412		$	955,126		$	900,466		$	886,294
CAPITALIZATION
			Net debt			$	442,320		$	403,256		$	401,192		$	368,127		$	365,061
			Total capitalization			$	1,165,024		$	1,117,322		$	1,116,448		$	1,055,221		$	1,033,922
			Net debt/total capitalization			38.0		%	36.1		%	35.9		%	34.9		%	35.3		%
			Market valuation			$	735,467		$	735,603		$	809,760		$	876,392		$	961,617
			Enterprise value			$	1,172,841		$	1,134,226		$	1,206,019		$	1,240,843		$	1,322,053

Community Healthcare Trust			Page | 6			1Q 2024 | Supplemental Information

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CONSOLIDATED BALANCE SHEETS

			As of
			1Q 2024			4Q 2023			3Q 2023			2Q 2023			1Q 2023
ASSETS			(Unaudited; Dollars and shares in thousands, except per share data)
Real estate properties
Land and land improvements			$	142,120		$	136,532		$	135,809		$	127,433		$	122,702
Buildings, improvements, and lease intangibles			948,253			913,416			908,788			859,231			848,060
Personal property			317			299			296			284			264
Total real estate properties			1,090,690			1,050,247			1,044,893			986,948			971,026
Less accumulated depreciation			(211,058)			(200,810)			(192,962)			(181,769)			(174,346)
Total real estate properties, net			879,632			849,437			851,931			805,179			796,680
Cash and cash equivalents			3,805			3,491			3,885			2,627			3,666
Restricted cash			1,141			1,142			1,048			1,049			959
Real estate properties held for sale			7,466			7,466			1,115			1,252			—
Other assets, net			90,657			83,876			97,147			90,359			84,989
Total assets			$	982,701		$	945,412		$	955,126		$	900,466		$	886,294
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net			$	442,320		$	403,256		$	401,192		$	368,127		$	365,061
Accounts payable and accrued liabilities			11,775			12,032			15,446			10,605			10,478
Other liabilities, net			16,960			16,868			16,194			16,409			16,240
Total liabilities			471,055			432,156			432,832			395,141			391,779
Commitments and contingencies
Stockholders' Equity
Preferred stock, $0.01 par value; 50,000 shares authorized			—			—			—			—			—
Common stock, $0.01 par value; 450,000 shares authorized			277			276			273			265			263
Additional paid-in capital			690,491			688,156			676,716			657,057			648,384
Cumulative net income			92,521			88,856			84,289			80,797			74,220
Accumulated other comprehensive gain			21,490			16,417			29,038			23,085			15,684
Cumulative dividends			(293,133)			(280,449)			(268,022)			(255,879)			(244,036)
Total stockholders’ equity			511,646			513,256			522,294			505,325			494,515
Total liabilities and stockholders' equity			$	982,701		$	945,412		$	955,126		$	900,466		$	886,294

Community Healthcare Trust			Page | 7			1Q 2024 | Supplemental Information

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CONSOLIDATED STATEMENTS OF OPERATIONS

			Three Months Ended
			1Q 2024			4Q 2023			3Q 2023			2Q 2023			1Q 2023
			(Unaudited; Dollars and shares in thousands, except per share data)
REVENUES
Rental income			$	28,342		$	28,100		$	27,690		$	26,764		$	26,128
Other operating interest			991			1,024			1,045			1,046			1,048
			29,333			29,124			28,735			27,810			27,176
EXPENSES
Property operating			5,791			5,598			5,456			4,786			4,873
General and administrative (1) (2)			4,554			3,728			3,618			3,787			16,205
Depreciation and amortization			10,262			10,248			11,208			9,219			9,018
			20,607			19,574			20,282			17,792			30,096
OTHER INCOME (EXPENSE)
Impairment of real estate asset			—			—			(102)			—			—
Interest expense			(5,062)			(5,019)			(4,641)			(4,140)			(3,992)
Deferred income tax expense			—			—			(221)			(50)			(35)
Interest and other income, net			1			36			3			749			25
			$	(5,061)		$	(4,983)		$	(4,961)		$	(3,441)		$	(4,002)
NET INCOME (LOSS)			$	3,665		$	4,567		$	3,492		$	6,577		$	(6,922)
NET INCOME (LOSS) PER DILUTED COMMON SHARE			$	0.11		$	0.15		$	0.11		$	0.24		$	(0.32)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING			26,297			25,981			25,514			25,065			24,227
DIVIDENDS DECLARED, PER COMMON SHARE, IN THE PERIOD			$	0.4575		$	0.4550		$	0.4525		$	0.4500		$	0.4475
(1) GENERAL AND ADMINISTRATIVE EXPENSES:
Non-cash vs. Cash:
Non-cash (stock-based compensation)			53.2		%	54.4		%	52.5		%	44.7		%	57.8		%
Cash			46.8		%	45.6		%	47.5		%	55.3		%	42.2		%
As a % of Revenue:
Non-cash (stock-based compensation)			8.3		%	6.9		%	6.6		%	5.9		%	9.3		%
Cash			7.3		%	5.8		%	6.0		%	7.3		%	6.8		%
(2) General and administrative expenses for the three months ended March 31, 2023 includes the accelerated amortization of stock-based compensation totaling $11.8 million recognized upon the passing of our former CEO and President but the accelerated amortization is not included in the calculations above in footnote (1).

Community Healthcare Trust			Page | 8			1Q 2024 | Supplemental Information

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RECONCILIATION OF NON-GAAP MEASURES

FUNDS FROM OPERATIONS (FFO)

ADJUSTED FUNDS FROM OPERATIONS (AFFO)

						Three Months Ended
						1Q 2024			4Q 2023			3Q 2023			2Q 2023			1Q 2023
						(Unaudited; Dollars and shares in thousands, except per share data)
NET INCOME (LOSS)						$	3,665		$	4,567		$	3,492		$	6,577		$	(6,922)
			Real estate depreciation and amortization			10,378			10,347			11,375			9,293			9,088
			Impairment of real estate asset			—			—			102			—			—
			Total adjustments			10,378			10,347			11,477			9,293			9,088
FFO (1)						$	14,043		$	14,914		$	14,969		$	15,870		$	2,166
			Straight-line rent			(755)			(872)			(444)			(819)			(917)
			Stock-based compensation			2,424			2,029			1,898			1,692			2,547
			Accelerated amortization of stock-based compensation			—			—			—			—			11,799
			Net gain from insurance recovery on casualty loss			—			—			—			(706)			—
AFFO						$	15,712		$	16,071		$	16,423		$	16,037		$	15,595
FFO PER COMMON SHARE (1)						$	0.53		$	0.57		$	0.58		$	0.62		$	0.09
AFFO PER COMMON SHARE						$	0.59		$	0.61		$	0.63		$	0.63		$	0.62
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING						26,707			26,346			26,025			25,650			25,298
________________
(1) FFO for the second quarter of 2023 includes a $0.7 million net casualty gain from insurance proceeds received related to one property that was vandalized. The net gain increased FFO by $0.03 per diluted share for the three months ended June 30, 2023.
AFFO, ADJUSTED FOR ACQUISITIONS (1)
AFFO						$	15,712		$	16,071		$	16,423		$	16,037		$	15,595
			Revenue on Properties Acquired in the period (2)			774			15			757			308			383
			Property operating expense adjustment (2)			(71)			(5)			(149)			(71)			(104)
			Interest expense adjustment (3)			(205)			(3)			(165)			(68)			(65)
AFFO, ADJUSTED FOR ACQUISITIONS						$	16,210		$	16,078		$	16,866		$	16,206		$	15,809
(1) AFFO is adjusted to reflect acquisitions as if they had occurred on the first day of the applicable period.
(2) Revenue and expense adjustments are calculated based on expected returns and leases in place at acquisition.
(3) Assumes that acquisitions were 40% funded with debt and the remainder funded with equity. The interest expense adjustment was calculated using the weighted average interest rate on the Company's revolving credit facility for the period.
AMORTIZATION OF STOCK-BASED COMPENSATION (1)
			Amortization Required by GAAP (2)			$	2,107		$	2,029		$	1,898		$	1,692		$	2,547
			Amortization Based on Legal Vesting Periods			1,746			1,563			1,540			1,430			1,830
			Acceleration of Amortization			$	361		$	466		$	358		$	262		$	717
(1) Excludes the accelerated amortization totaling $11.8 million recognized in the first quarter of 2023 upon the passing of our former CEO and President.
(2) GAAP requires that deferred compensation be amortized over the earlier of the vesting or retirement eligibility date.

Community Healthcare Trust			Page | 9			1Q 2024 | Supplemental Information

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RECONCILIATION OF NON-GAAP MEASURES (CONTINUED)

NET OPERATING INCOME (NOI)

						Three Months Ended
						1Q 2024			4Q 2023			3Q 2023			2Q 2023			1Q 2023
						(Unaudited; Dollars and shares in thousands, except per share data)
NET OPERATING INCOME
			Net income (loss)			$	3,665		$	4,567		$	3,492		$	6,577		$	(6,922)
			General and administrative			4,554			3,728			3,618			3,787			4,406
			Accelerated amortization of stock-based compensation			—			—			—			—			11,799
			Depreciation and amortization			10,262			10,248			11,208			9,219			9,018
			Impairment of real estate asset			—			—			102			—			—
			Interest expense			5,062			5,019			4,641			4,140			3,992
			Deferred Income tax expense			—			—			221			50			35
			Interest and other income, net			(1)			(36)			(3)			(749)			(25)
NOI						$	23,542		$	23,526		$	23,279		$	23,024		$	22,303
EBITDAre and ADJUSTED EBITDAre
EBITDAre
			Net income (loss)			$	3,665		$	4,567		$	3,492		$	6,577		$	(6,922)
			Interest expense			5,062			5,019			4,641			4,140			3,992
			Depreciation and amortization			10,262			10,248			11,208			9,219			9,018
			Deferred Income tax expense			—			—			221			50			35
			Impairment of real estate asset			—			—			102			—			—
EBITDAre						$	18,989		$	19,834		$	19,664		$	19,986		$	6,123
			Non-cash stock-based compensation expense			2,424			2,029			1,898			1,692			2,547
			Accelerated amortization of stock-based compensation			—			—			—			—			11,799
			Net gain from insurance recovery on casualty loss			—			—			—			(706)			—
ADJUSTED EBITDAre						$	21,413		$	21,863		$	21,562		$	20,972		$	20,469
ADJUSTED EBITDAre ANNUALIZED (1)						$	85,652

(1)			Adjusted EBITDAre multiplied by 4. This annualized amount may differ significantly from the actual full year results.

Community Healthcare Trust			Page | 10			1Q 2024 | Supplemental Information

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WEIGHTED AVERAGE SHARES

						Three Months Ended
						1Q 2024			4Q 2023			3Q 2023			2Q 2023			1Q 2023
						(Unaudited; Dollars and shares in thousands, except per share data)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
			Weighted average common shares outstanding			27,680			27,355			26,823			26,358			26,043
			Unvested restricted shares			(1,383)			(1,374)			(1,309)			(1,293)			(1,816)
			Weighted average common shares outstanding - EPS			26,297			25,981			25,514			25,065			24,227
			Weighted average common shares outstanding - FFO Basic			26,297			25,981			25,514			25,065			24,227
			Dilutive potential common shares (from below)			410			365			511			585			1,071
			Weighted average common shares outstanding - FFO Diluted			26,707			26,346			26,025			25,650			25,298
TREASURY SHARE CALCULATION
			Unrecognized deferred compensation-end of period			$	28,564		$	26,776		$	28,814		$	24,780		$	24,465
			Unrecognized deferred compensation-beginning of period			$	26,776		$	28,814		$	24,780		$	24,465		$	33,652
			Average unrecognized deferred compensation			$	27,670		$	27,795		$	26,797		$	24,623		$	29,059
			Average share price per share			$	26.36		$	27.54		$	33.56		$	34.78		$	39.01
			Treasury shares			1,049			1,009			798			708			745
			Unvested restricted shares			(1,383)			(1,374)			(1,309)			(1,293)			(1,816)
			Unvested restricted share units			(76)			—			—			—			—
			Treasury shares			1,049			1,009			798			708			745
			Dilutive potential common shares			410			365			511			585			1,071

Community Healthcare Trust			Page | 11			1Q 2024 | Supplemental Information

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DEBT SUMMARY

			As of March 31, 2024
			Principal Balance			Stated Rate			Hedged Rate
			(in thousands)
Revolving credit facility			$	89,000		7.06		%	—
Term loan A-3			75,000						4.29		%
Term loan A-4			125,000						3.35		%
Term loan A-5			150,000						5.36		%
Total Credit Facility			439,000
Secured mortgage loan			4,788			4.98		%	—
Debt			443,788
Deferred Financing Costs, net			(1,468)
Debt, net			$	442,320

Select Covenants			Required			1Q 2024
Leverage ratio			≤ 60.0%			39.1		%
Fixed charge coverage ratio			≥ 1.50x			4.2
Tangible net worth (in thousands)			≥ $499,262			$691,103
Secured indebtedness			≤ 30.0%			0.4		%
Minimum debt service coverage ratio			≥ 2.0			4.7

Community Healthcare Trust			Page | 12			1Q 2024 | Supplemental Information

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2024 PROPERTY ACQUISITIONS

Property			Market			Property Type			Date Acquired			% Leased at Acquisition			Purchase  Price (in thousands)			Square Feet
Hospital of SE Mass.			New Bedford, MA			LTACH			1/31/2024			100.0		%	$	6,500		70,657
Northbay Professional Pavilion			Elkton, MA			MOB			3/25/2024			89.5		%	4,500			19,656
Sanford Health Bemidji 1611			Bemidji, MN			MOB			3/29/2024			100.0		%	16,534			45,800
Sanford Health Bemidji 1705			Bemidji, MN			MOB			3/29/2024			100.0		%	6,666			28,900
												98.6		%	$	34,200		165,013

Community Healthcare Trust			Page | 13			1Q 2024 | Supplemental Information

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PORTFOLIO DIVERSIFICATION

Property Type			Annualized Rent (%)
Medical Office Building (MOB)			39.9		%
Inpatient Rehabilitation Facilities (IRF)			17.7		%
Acute Inpatient Behavioral (AIB)			13.2		%
Specialty Centers (SC)			10.5		%
Physician Clinics (PC)			7.2		%
Behavioral Specialty Facilities (BSF)			4.8		%
Surgical Centers and Hospitals (SCH)			4.6		%
Long-term Acute Care Hospitals (LTACH)			2.1		%
Total			100.0		%

State			Annualized Rent (%)
Texas (TX)			15.5		%
Illinois (IL)			11.2		%
Ohio (OH)			10.4		%
Florida (FL)			8.2		%
Pennsylvania (PA)			5.8		%
All Others			48.9		%
Total			100.0		%

Tenant			Annualized Rent (%)
Lifepoint Health			11.1		%
US HealthVest			7.6		%
All Others (less than 4%)			81.3		%
Total			100.0		%

            

Community Healthcare Trust			Page | 14			1Q 2024 | Supplemental Information

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LEASE EXPIRATIONS

						Total Leased Sq. Ft.									Annualized Rent
Year			Number of Leases Expiring			Amount (thousands)			Percent (%)						Amount ($) (thousands)			Percent (%)
2024			52			243			6.0		%				$	5,086		4.9		%
2025			56			335			8.3		%				8,979			8.6		%
2026			69			555			13.8		%				11,901			11.4		%
2027			57			347			8.6		%				7,337			7.1		%
2028			59			372			9.3		%				7,529			7.2		%
2029			30			295			7.3		%				7,597			7.3		%
2030			15			112			2.8		%				3,194			3.1		%
2031			25			356			8.8		%				9,625			9.3		%
2032			11			133			3.3		%				1,882			1.8		%
2033			12			75			1.9		%				1,561			1.5		%
Thereafter			44			1,161			28.8		%				38,479			37.0		%
Month-to-Month			10			43			1.1		%				789			0.8		%
Totals			440			4,027			100.0		%				$	103,959		100.0		%

Total portfolio was approximately 92.3% leased in the aggregate, excluding real estate assets held for sale, at March 31, 2024 with lease expirations ranging from 2024 through 2039.

Community Healthcare Trust			Page | 15			1Q 2024 | Supplemental Information

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PROPERTY LOCATIONS

                                                                            

Approximately 49% 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			Area			% of Square Feet			Annualized Rent ($000's)			% of Annualized  Rent			Population			MSA/MISA			Rank
Lancaster MOB			MOB			10,646			0.24		%	$	335.6		0.32		%	12,799,100			Los Angeles-Long Beach-Anaheim, CA			2
Congress Medical Building 350			MOB			17,543			0.40		%	$	404.5		0.39		%	9,262,825			Chicago-Naperville-Elgin, IL-IN			3
Congress Medical Building 390			MOB			30,855			0.70		%	$	460.3		0.44		%	9,262,825			Chicago-Naperville-Elgin, IL-IN			3
Oak Lawn Medical Plaza			MOB			33,356			0.75		%	$	375.1		0.36		%	9,262,825			Chicago-Naperville-Elgin, IL-IN			3
Chicago Behavioral Hospital			AIB			85,000			1.92		%	$	2,182.5		2.10		%	9,262,825			Chicago-Naperville-Elgin, IL-IN			3
Future Diagnostics Group			SC			8,876			0.20		%	$	390.9		0.38		%	9,262,825			Chicago-Naperville-Elgin, IL-IN			3
Gurnee Medical Office Building			MOB			22,968			0.52		%	$	239.6		0.23		%	9,262,825			Chicago-Naperville-Elgin, IL-IN			3
Joliet Oncology-Hematology Associates			PC			7,905			0.18		%	$	385.0		0.37		%	9,262,825			Chicago-Naperville-Elgin, IL-IN			3
Morris Cancer Center			MOB			18,470			0.42		%	$	623.4		0.60		%	9,262,825			Chicago-Naperville-Elgin, IL-IN			3
Presence			PC			14,863			0.34		%	$	310.8		0.30		%	9,262,825			Chicago-Naperville-Elgin, IL-IN			3
Presence Regional Cancer Center			SC			44,888			1.02		%	$	1,453.1		1.40		%	9,262,825			Chicago-Naperville-Elgin, IL-IN			3
Skin MD			PC			13,565			0.31		%	$	512.2		0.49		%	9,262,825			Chicago-Naperville-Elgin, IL-IN			3
US HealthVest - Lake			AIB			83,658			1.89		%	$	2,964.5		2.85		%	9,262,825			Chicago-Naperville-Elgin, IL-IN			3
Texas Rehabilitation Hospital of Fort Worth, LLC			IRF			39,761			0.90		%	$	2,028.0		1.95		%	8,100,037			Dallas-Fort Worth-Arlington, TX			4
Bayside Medical Center			MOB			50,593			1.14		%	$	1,104.1		1.06		%	7,510,253			Houston-Pasadena-The Woodlands, TX			5
Clear Lake Institute for Rehabilitation			IRF			55,646			1.26		%	$	2,986.0		2.87		%	7,510,253			Houston-Pasadena-The Woodlands, TX			5
Gessner Road MOB			MOB			14,360			0.32		%	$	356.8		0.34		%	7,510,253			Houston-Pasadena-The Woodlands, TX			5
Northwest Surgery Center			SCH			11,200			0.25		%	$	—		—		%	7,510,253			Houston-Pasadena-The Woodlands, TX			5
Clinton Towers MOB			MOB			37,344			0.85		%	$	966.8		0.93		%	6,304,975			Washington-Arlington-Alexandria, DC-VA-MD-WV			7
2301 Research Boulevard			MOB			93,079			2.11		%	$	2,038.5		1.96		%	6,304,975			Washington-Arlington-Alexandria, DC-VA-MD-WV			7
Haddon Hill Professional Center			MOB			25,118			0.57		%	$	278.2		0.27		%	6,246,160			Philadelphia-Camden-Wilmington, PA-NJ-DE-MD			8
Hopebridge - Westlake			BSF			15,057			0.34		%	$	232.7		0.22		%	6,246,160			Philadelphia-Camden-Wilmington, PA-NJ-DE-MD			8
Continuum Wellness Center			MOB			8,227			0.19		%	$	161.0		0.15		%	5,070,110			Phoenix-Mesa-Chandler, AZ			10
Desert Endoscopy Center			SCH			11,722			0.27		%	$	—		—		%	5,070,110			Phoenix-Mesa-Chandler, AZ			10
Mountain View Surgery Center			SCH			14,046			0.32		%	$	519.7		0.50		%	5,070,110			Phoenix-Mesa-Chandler, AZ			10

Community Healthcare Trust			Page | 16			1Q 2024 | Supplemental Information

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Property Name			Property Type			Area			% of Square Feet			Annualized Rent ($000's)			% of Annualized  Rent			Population			MSA/MISA			Rank
Associated Surgical Center of Dearborn			SCH			12,400			0.28		%	$	361.3		0.35		%	4,342,304			Detroit-Warren-Dearborn, MI			14
Berry Surgical Center			SCH			27,217			0.62		%	$	627.7		0.60		%	4,342,304			Detroit-Warren-Dearborn, MI			14
Smokey Point Behavioral Hospital			AIB			70,100			1.59		%	$	2,772.8		2.67		%	4,044,837			Seattle-Tacoma-Bellevue, WA			15
Sanford Health Bemidji 1611			MOB			45,800			1.04		%	$	1,523.5		1.47		%	3,712,020			Minneapolis-St. Paul-Bloomington, MN-WI			16
Sanford Health Bemidji 1705			MOB			28,900			0.65		%	$	624.3		0.60		%	3,712,020			Minneapolis-St. Paul-Bloomington, MN-WI			16
Bay Area Physicians Surgery Center			MOB			17,943			0.41		%	$	290.1		0.28		%	3,342,963			Tampa-St. Petersburg-Clearwater, FL			17
Sanderling Dialysis			SC			11,300			0.26		%	$	427.0		0.41		%	3,269,973			San Diego-Chula Vista-Carlsbad, CA			18
Liberty Dialysis			SC			8,450			0.19		%	$	275.9		0.27		%	3,005,131			Denver-Aurora-Centennial, CO			19
Waters Edge Medical			MOB			23,388			0.53		%	$	392.0		0.38		%	2,834,316			Baltimore-Columbia-Towson, MD			20
Northbay Professional Pavilion			MOB			19,656			0.44		%	$	479.0		0.46		%	2,834,316			Baltimore-Columbia-Towson, MD			20
Righttime Medical Care			SC			6,236			0.14		%	$	347.4		0.33		%	2,834,316			Baltimore-Columbia-Towson, MD			20
Bassin Center For Plastic-Surgery-Villages			PC			2,894			0.07		%	$	170.2		0.16		%	2,817,933			Orlando-Kissimmee-Sanford, FL			21
Bassin Center For Plastic Surgery-Orlando			PC			2,420			0.05		%	$	142.3		0.14		%	2,817,933			Orlando-Kissimmee-Sanford, FL			21
Kissimmee Physicians Clinic			PC			4,902			0.11		%	$	110.3		0.11		%	2,817,933			Orlando-Kissimmee-Sanford, FL			21
Orthopaedic Associates of Osceola			PC			15,167			0.34		%	$	357.6		0.34		%	2,817,933			Orlando-Kissimmee-Sanford, FL			21
Medical Village at Wintergarden			MOB			21,532			0.49		%	$	606.9		0.58		%	2,817,933			Orlando-Kissimmee-Sanford, FL			21
Eyecare Partners			PC			6,487			0.15		%	$	—		—		%	2,796,999			St. Louis, MO-IL			23
Eyecare Partners			PC			5,560			0.13		%	$	52.8		0.05		%	2,796,999			St. Louis, MO-IL			23
Eyecare Partners			SCH			16,608			0.38		%	$	310.6		0.30		%	2,796,999			St. Louis, MO-IL			23
Eyecare Partners			PC			6,311			0.14		%	$	49.5		0.05		%	2,796,999			St. Louis, MO-IL			23
Baptist Health			PC			13,500			0.31		%	$	403.1		0.39		%	2,703,999			San Antonio-New Braunfels, TX			24
San Antonio Head & Neck Surgical Associates			PC			6,500			0.15		%	$	187.9		0.18		%	2,703,999			San Antonio-New Braunfels, TX			24
JDH Professional Building			MOB			12,376			0.28		%	$	261.9		0.25		%	2,703,999			San Antonio-New Braunfels, TX			24
Butler Medical Center			MOB			10,116			0.23		%	$	273.3		0.26		%	2,422,725			Pittsburgh, PA			27
The Heart & Vascular Center			MOB			15,878			0.36		%	$	315.5		0.30		%	2,422,725			Pittsburgh, PA			27
Forefront Dermatology Building			MOB			15,650			0.35		%	$	342.0		0.33		%	2,422,725			Pittsburgh, PA			27
Greentree Primary Care			MOB			34,077			0.77		%	$	885.6		0.85		%	2,422,725			Pittsburgh, PA			27
Vascular Access Centers of Southern Nevada			SC			4,800			0.11		%	$	97.9		0.09		%	2,336,573			Las Vegas-Henderson-North Las Vegas, NV			29
Assurance Health System			BSF			14,381			0.33		%	$	555.4		0.53		%	2,271,479			Cincinnati, OH-KY-IN			30

Community Healthcare Trust			Page | 17			1Q 2024 | Supplemental Information

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Property Name			Property Type			Area			% of Square Feet			Annualized Rent ($000's)			% of Annualized  Rent			Population			MSA/MISA			Rank
Cavalier Medical & Dialysis Center			MOB			17,614			0.40		%	$	218.7		0.21		%	2,271,479			Cincinnati, OH-KY-IN			30
51 Cavalier Blvd			MOB			17,935			0.41		%	$	182.8		0.18		%	2,271,479			Cincinnati, OH-KY-IN			30
Anderson Ferry Plaza			MOB			43,671			0.99		%	$	497.6		0.48		%	2,271,479			Cincinnati, OH-KY-IN			30
Liberty Rehabilitation Hospital			IRF			37,720			0.85		%	$	2,444.9		2.35		%	2,271,479			Cincinnati, OH-KY-IN			30
Davita Commercial Way			SC			4,980			0.11		%	$	—		—		%	2,271,479			Cincinnati, OH-KY-IN			30
Fresenius Florence Dialysis Center			MOB			17,845			0.40		%	$	254.5		0.24		%	2,271,479			Cincinnati, OH-KY-IN			30
Prairie Star Medical Facility I			MOB			24,724			0.56		%	$	628.5		0.60		%	2,221,343			Kansas City, MO-KS			31
Prairie Star Medical Facility II			MOB			24,840			0.56		%	$	87.9		0.08		%	2,221,343			Kansas City, MO-KS			31
Court Street Surgery Center			SCH			7,787			0.18		%	$	80.2		0.08		%	2,180,271			Columbus, OH			32
Ravines Edge			MOB			16,751			0.38		%	$	263.9		0.25		%	2,180,271			Columbus, OH			32
Hopebridge - Columbus			BSF			13,969			0.32		%	$	173.0		0.17		%	2,180,271			Columbus, OH			32
Sedalia Medical Center			MOB			19,324			0.44		%	$	295.0		0.28		%	2,180,271			Columbus, OH			32
Brook Park Medical Building			MOB			18,444			0.42		%	$	283.2		0.27		%	2,158,932			Cleveland, OH			33
Assurance - Hudson			BSF			13,290			0.30		%	$	570.8		0.55		%	2,158,932			Cleveland, OH			33
Smith Road			MOB			16,802			0.38		%	$	318.3		0.31		%	2,158,932			Cleveland, OH			33
Rockside Medical Center			MOB			55,316			1.25		%	$	1,023.1		0.98		%	2,158,932			Cleveland, OH			33
Assurance Health, LLC			BSF			10,200			0.23		%	$	372.9		0.36		%	2,138,468			Indianapolis-Carmel-Greenwood, IN			34
Assurance Health System			BSF			13,722			0.31		%	$	510.6		0.49		%	2,138,468			Indianapolis-Carmel-Greenwood, IN			34
Kindred Hospital Indianapolis North			LTACH			37,270			0.84		%	$	1,566.9		1.51		%	2,138,468			Indianapolis-Carmel-Greenwood, IN			34
Virginia Orthopaedic & Spine Specialists			PC			8,445			0.19		%	$	153.1		0.15		%	1,787,169			Virginia Beach-Chesapeake-Norfolk, VA-NC			37
Hospital of SE Mass.			LTACH			70,657			1.60		%	$	633.8		0.61		%	1,677,803			Providence-Warwick, RI-MA			39
Warwick Oncology Center			SC			10,236			0.23		%	$	393.5		0.38		%	1,677,803			Providence-Warwick, RI-MA			39
South County Hospital			PC			13,268			0.30		%	$	317.5		0.31		%	1,677,803			Providence-Warwick, RI-MA			39
Ortho Rhode Island - Warwick			PC			7,340			0.17		%	$	217.0		0.21		%	1,677,803			Providence-Warwick, RI-MA			39
Mercy Rehabilitation Hospital			IRF			39,637			0.90		%	$	2,028.0		1.95		%	1,477,926			Oklahoma City, OK			42
Memphis Center			MOB			11,669			0.26		%	$	232.3		0.22		%	1,335,674			Memphis, TN-MS-AR			45
Sanderling Dialysis			SC			10,133			0.23		%	$	552.4		0.53		%	1,335,674			Memphis, TN-MS-AR			45
Gardendale MOB			MOB			12,956			0.29		%	$	325.7		0.31		%	1,184,290			Birmingham, AL			47
Sterling Medical Center			MOB			28,685			0.65		%	$	520.8		0.50		%	1,155,604			Buffalo-Cheektowaga, NY			50
Glastonbury			MOB			49,593			1.12		%	$	673.3		0.65		%	1,151,543			Hartford-West Hartford-East Hartford, CT			51
Los Alamos Professional Plaza			MOB			43,395			0.98		%	$	563.2		0.54		%	898,471			McAllen-Edinburg-Mission, TX			65

Community Healthcare Trust			Page | 18			1Q 2024 | Supplemental Information

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Property Name			Property Type			Area			% of Square Feet			Annualized Rent ($000's)			% of Annualized  Rent			Population			MSA/MISA			Rank
El Paso Rehabilitation Hospital			IRF			38,000			0.86		%	$	2,138.5		2.06		%	873,331			El Paso, TX			68
UMass Memorial Health Cancer Center			SC			20,046			0.45		%	$	861.4		0.83		%	866,866			Worcester, MA			69
Worcester Behavioral			AIB			81,972			1.86		%	$	2,690.9		2.59		%	866,866			Worcester, MA			69
Columbia Gastroenterology Surgery Center			MOB			17,016			0.39		%	$	344.1		0.33		%	858,302			Columbia, SC			70
Cape Coral Suite 3			SC			12,130			0.27		%	$	450.4		0.43		%	834,573			Cape Coral-Fort Myers, FL			72
Cape Coral Suite 3A			MOB			2,023			0.05		%	$	39.0		0.04		%	834,573			Cape Coral-Fort Myers, FL			72
Cape Coral Suite 5 & 6			MOB			6,379			0.14		%	$	98.1		0.09		%	834,573			Cape Coral-Fort Myers, FL			72
Colonial Blvd Office			SC			46,356			1.05		%	$	—		—		%	834,573			Cape Coral-Fort Myers, FL			72
Corporate Office 3660			MOB			22,104			0.50		%	$	620.5		0.60		%	834,573			Cape Coral-Fort Myers, FL			72
Corporate Annex Building			MOB			16,000			0.36		%	$	310.1		0.30		%	834,573			Cape Coral-Fort Myers, FL			72
Genesis Care - Bonita Springs			SC			4,445			0.10		%	$	289.0		0.28		%	834,573			Cape Coral-Fort Myers, FL			72
Wildwood Hammock RPET Facility			SC			10,832			0.25		%	$	429.1		0.41		%	834,573			Cape Coral-Fort Myers, FL			72
Wildwood Hammock - Diagnostic Imaging			SC			9,376			0.21		%	$	405.6		0.39		%	834,573			Cape Coral-Fort Myers, FL			72
Wildwood Hammock - Northland			MOB			1,201			0.03		%	$	13.2		0.01		%	834,573			Cape Coral-Fort Myers, FL			72
Eye Health of America 4101			MOB			43,322			0.98		%	$	1,005.0		0.97		%	834,573			Cape Coral-Fort Myers, FL			72
Eye Health of America 2665			MOB			3,200			0.07		%	$	54.7		0.05		%	834,573			Cape Coral-Fort Myers, FL			72
Eye Health of America 1320			MOB			6,757			0.15		%	$	79.7		0.08		%	834,573			Cape Coral-Fort Myers, FL			72
Parkway Professional Plaza			MOB			41,909			0.95		%	$	986.5		0.95		%	818,330			Lakeland-Winter Haven, FL			75
Davita Turner Road			SC			18,125			0.41		%	$	358.2		0.34		%	814,363			Dayton-Kettering-Beavercreek, OH			76
Davita Springboro Pike			SC			10,510			0.24		%	$	185.6		0.18		%	814,363			Dayton-Kettering-Beavercreek, OH			76
Davita Business Center Court			SC			12,988			0.29		%	$	233.0		0.22		%	814,363			Dayton-Kettering-Beavercreek, OH			76
Mercy One Physicians Clinic			PC			17,318			0.39		%	$	390.4		0.38		%	737,164			Des Moines-West Des Moines, IA			81
Daytona Medical Office			MOB			20,193			0.46		%	$	373.9		0.36		%	721,796			Deltona-Daytona Beach-Ormond Beach, FL			83
Debary Professional Plaza			MOB			21,874			0.50		%	$	274.1		0.26		%	721,796			Deltona-Daytona Beach-Ormond Beach, FL			83
Novus Clinic			SCH			14,315			0.32		%	$	300.7		0.29		%	698,398			Akron, Oh			85
UH Walden Health Center			PC			11,000			0.25		%	$	—		—		%	698,398			Akron, Oh			85
UW Health Clinic- Portage			PC			14,000			0.32		%	$	325.1		0.31		%	694,345			Madison, WI			87
Cypress Medical Center			MOB			39,746			0.90		%	$	382.0		0.37		%	652,939			Wichita, KS			90
Family Medicine East			PC			16,581			0.38		%	$	331.6		0.32		%	652,939			Wichita, KS			90
Grene Vision Center			PC			18,681			0.42		%	$	—		—		%	652,939			Wichita, KS			90

Community Healthcare Trust			Page | 19			1Q 2024 | Supplemental Information

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Property Name			Property Type			Area			% of Square Feet			Annualized Rent ($000's)			% of Annualized  Rent			Population			MSA/MISA			Rank
Bassin Center For Plastic Surgery-Melbourne			PC			5,228			0.12		%	$	307.4		0.30		%	643,979			Palm Bay-Melbourne-Titusville, FL			91
Penn State Health - Camp Hill			SC			8,400			0.19		%	$	178.2		0.17		%	606,055			Harrisburg-Carlisle, PA			95
Penn State Health - Harrisburg			SC			10,000			0.23		%	$	195.0		0.19		%	606,055			Harrisburg-Carlisle, PA			95
Assurance - Toledo			BSF			13,290			0.30		%	$	536.4		0.52		%	600,141			Toledo, OH			97
Perrysburg Medical Arts Building			MOB			25,930			0.59		%	$	443.4		0.43		%	600,141			Toledo, OH			97
St. Vincent Mercy Medical Center, Inc.			PC			23,368			0.53		%	$	326.2		0.31		%	600,141			Toledo, OH			97
Granite Circle			MOB			17,164			0.39		%	$	237.7		0.23		%	600,141			Toledo, OH			97
Mercy Rehabilitation Hospital - Northwest Arkansas			IRF			38,817			0.88		%	$	2,228.7		2.14		%	590,337			Fayetteville-Springdale-Rogers, AR			98
Eynon Surgery Center			SCH			6,500			0.15		%	$	183.8		0.18		%	569,413			Scranton--Wilkes-Barre, PA			100
Riverview Medical Center			MOB			26,199			0.59		%	$	450.8		0.43		%	569,413			Scranton--Wilkes-Barre, PA			100
Northeast Eye Institute			MOB			22,743			0.51		%	$	409.4		0.39		%	569,413			Scranton--Wilkes-Barre, PA			100
Northeast Eye Institute			MOB			15,768			0.36		%	$	304.9		0.29		%	569,413			Scranton--Wilkes-Barre, PA			100
Cardiology Associates of Greater Waterbury			PC			16,793			0.38		%	$	323.3		0.31		%	568,158			New Haven, CT			101
Grandview Plaza			MOB			20,000			0.45		%	$	310.3		0.30		%	558,589			Lancaster, PA			104
Pinnacle Health			PC			10,753			0.24		%	$	246.0		0.24		%	558,589			Lancaster, PA			104
Manteca Medical Group Building			PC			10,564			0.24		%	$	306.1		0.29		%	551,430			Modesto, CA			105
Treasure Coast Medical Pavilion			MOB			55,844			1.26		%	$	879.4		0.85		%	536,901			Port St. Lucie, FL			106
Gulf Coast Cancer Centers-Brewton			SC			3,971			0.09		%	$	—		—		%	530,090			Pensacola-Ferry Pass-Brent, FL			107
Temple Rehabilitation Hospital			IRF			38,817			0.88		%	$	2,280.3		2.19		%	501,333			Killeen-Temple, TX			110
Martin Foot & Ankle Clinic			PC			27,100			0.61		%	$	423.3		0.41		%	464,640			York-Hanover, PA			116
UPMC Specialty Care			MOB			25,982			0.59		%	$	453.4		0.44		%	425,969			Youngstown-Warren, OH			128
Biltmore Medical Office			SC			10,850			0.25		%	$	—		—		%	417,202			Asheville, NC			131
Genesis Care - Weaverville			SC			10,696			0.24		%	$	456.3		0.44		%	417,202			Asheville, NC			131
Behavioral Hospital of Lafayette			MOB			31,650			0.72		%	$	1,360.9		1.31		%	414,288			Lafayette, LA			132
Affinity Health Center			MOB			47,366			1.07		%	$	506.7		0.49		%	399,474			Canton-Massillon, OH			138
Hills & Dales Professional Center			MOB			27,920			0.63		%	$	356.3		0.34		%	399,474			Canton-Massillon, OH			138
Prattville Town Center Medical Office Bldg			MOB			13,319			0.30		%	$	385.0		0.37		%	385,480			Montgomery, AL			143
Bristol Pediatric Associates			MOB			10,804			0.24		%	$	183.5		0.18		%	313,025			Kingsport-Bristol, TN-VA			167
Wellmont Bristol Urgent Care			SC			4,548			0.10		%	$	76.2		0.07		%	313,025			Kingsport-Bristol, TN-VA			167
Wellmont Norton Urgent Care			SC			4,843			0.11		%	$	57.9		0.06		%	313,025			Kingsport-Bristol, TN-VA			167

Community Healthcare Trust			Page | 20			1Q 2024 | Supplemental Information

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Property Name			Property Type			Area			% of Square Feet			Annualized Rent ($000's)			% of Annualized  Rent			Population			MSA/MISA			Rank
Norton Medical Plaza			MOB			32,757			0.74		%	$	359.1		0.35		%	313,025			Kingsport-Bristol, TN-VA			167
Londonderry Centre			MOB			21,115			0.48		%	$	286.9		0.28		%	304,865			Waco, TX			169
Westlake Medical Office			MOB			14,100			0.32		%	$	252.9		0.24		%	304,865			Waco, TX			169
Bluewater Orthopedics Center			MOB			10,255			0.23		%	$	218.2		0.21		%	304,818			Crestview-Fort Walton Beach-Destin, FL			170
Longview Rehabilitation Hospital			IRF			38,817			0.88		%	$	2,280.3		2.19		%	293,498			Longview, TX			173
Gulf Coast Cancer Centers-Foley			SC			6,146			0.14		%	$	172.2		0.17		%	253,507			Daphne-Fairhope-Foley, AL			194
Gulf Coast Cancer Centers- Gulf Shores			SC			6,398			0.14		%	$	134.4		0.13		%	253,507			Daphne-Fairhope-Foley, AL			194
Monroe Surgical Hospital			SCH			58,121			1.32		%	$	2,413.3		2.32		%	221,885			Monroe, LA			214
Meridian Behavioral Health Systems			AIB			132,430			3.00		%	$	3,136.8		3.02		%	203,164			Charleston, WV			228
Fresenius Ft. Valley			SC			4,920			0.11		%	$	83.6		0.08		%	200,779			Warner Robins, GA			232
Tuscola Professional Building			MOB			25,500			0.58		%	$	610.2		0.59		%	187,782			Saginaw, MI			239
Redding Oncology Center			SC			12,206			0.28		%	$	607.0		0.58		%	180,366			Redding, CA			247
Kedplasma			SC			12,870			0.29		%	$	272.1		0.26		%	179,165			Burlington, NC			249
Decatur Morgan Hospital Medical Office Building			MOB			35,933			0.81		%	$	583.0		0.56		%	158,635			Decatur, AL			271
Provena Medical Center			MOB			54,894			1.24		%	$	775.6		0.75		%	105,940			Kankakee, IL			351
Parkside Family & Davita Clinics			MOB			15,637			0.35		%	$	216.8		0.21		%	98,808			Victoria, TX			366
Cub Lake Square			MOB			49,059			1.11		%	$	1,127.3		1.08		%	109,175			Show Low, AZ			n/a
Cub Lake Square - Building B			MOB			—			—		%	$	—		—		%	109,175			Show Low, AZ			n/a
Cub Lake Square - Building C			MOB			—			—		%	$	—		—		%	109,175			Show Low, AZ			n/a
Emory Healthcare			MOB			61,301			1.39		%	$	897.9		0.86		%	104,821			LaGrange, GA-AL			n/a
Emory Southern Orthopedics			MOB			31,473			0.71		%	$	570.4		0.55		%	104,821			LaGrange, GA-AL			n/a
Emory Southern Orthopedics			MOB			2,972			0.07		%	$	61.5		0.06		%	104,821			LaGrange, GA-AL			n/a
Emory Healthcare			MOB			5,600			0.13		%	$	82.0		0.08		%	104,821			LaGrange, GA-AL			n/a
Nesbitt Place			MOB			56,003			1.27		%	$	1,105.5		1.06		%	104,821			Lawrence County, PA			n/a
Davita Etowah Dialysis Center			SC			4,720			0.11		%	$	68.8		0.07		%	69,369			Athens, TN			n/a
Marion Medical Plaza			MOB			27,246			0.62		%	$	346.9		0.33		%	64,851			Marion, OH			n/a
Davita Dialysis			MOB			12,545			0.28		%	$	457.8		0.44		%	55,720			Pahrump, NV			n/a
Fresenius Dialysis Center			MOB			17,746			0.40		%	$	355.7		0.34		%	55,635			Corsicana, TX			n/a
Arkansas Valley Surgery Center			MOB			10,853			0.25		%	$	271.0		0.26		%	50,318			Cañon City, CO			n/a
Sanford West Behavioral Facility			BSF			96,886			2.19		%	$	1,338.5		1.29		%	45,365			Grand Rapids, MN			n/a
Fremont Medical Office Building & Surgery Ctr			MOB			13,050			0.30		%	$	328.2		0.32		%	37,187			Fremont, NE			n/a

Community Healthcare Trust			Page | 21			1Q 2024 | Supplemental Information

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Property Name			Property Type			Area			% of Square Feet			Annualized Rent ($000's)			% of Annualized  Rent			Population			MSA/MISA			Rank
Baylor Scott & White Clinic			PC			37,354			0.85		%	$	490.7		0.47		%	37,007			Brenham, TX			n/a
Eyecare Partners			PC			8,421			0.19		%	$	134.3		0.13		%	36,673			Centralia, IL			n/a
Ottumwa Medical Clinic			MOB			68,895			1.56		%	$	755.8		0.73		%	35,166			Ottumwa, IA			n/a
Ottumwa Medical Clinic			MOB			6,850			0.16		%	$	92.5		0.09		%	35,166			Ottumwa, IA			n/a
Fresenius Gallipolis Dialysis Center			SC			15,110			0.34		%	$	157.9		0.15		%	28,986			Gallipolis, OH			n/a
Sanderling Dialysis Center			SC			4,186			0.09		%	$	303.9		0.29		%	26,589			Crescent City, CA			n/a
Andalusia Medical Plaza			SC			10,373			0.23		%	$	407.0		0.39		%	County: 37,049			Rural - No CBSA			n/a
Russellville Medical Plaza			MOB			29,129			0.66		%	$	163.5		0.16		%	County: 31,362			Rural - No CBSA			n/a
Batesville Regional Medical Center			MOB			9,263			0.21		%	$	49.5		0.05		%	County: 34,192			Rural - No CBSA			n/a
Tri Lakes Behavioral			BSF			58,400			1.32		%	$	696.0		0.67		%	County: 34,192			Rural - No CBSA			n/a
Dahlonega Medical Mall			MOB			22,804			0.52		%	$	400.2		0.39		%	County: 33,610			Rural - No CBSA			n/a
Lexington Carilion Clinic			PC			15,820			0.36		%	$	376.7		0.36		%	County: 22,573			Rural - No CBSA			n/a
North Mississippi Health Services			MOB			17,629			0.40		%	$	94.3		0.09		%	County: 35,252			Rural - No CBSA			n/a
North Mississippi Health Services			MOB			27,743			0.63		%	$	148.4		0.14		%	County: 35,252			Rural - No CBSA			n/a
North Mississippi Health Services			MOB			18,074			0.41		%	$	96.7		0.09		%	County: 35,252			Rural - No CBSA			n/a
North Mississippi Health Services			MOB			9,890			0.22		%	$	52.9		0.05		%	County: 35,252			Rural - No CBSA			n/a
North Mississippi Health Services			MOB			3,378			0.08		%	$	18.1		0.02		%	County: 35,252			Rural - No CBSA			n/a
Princeton Cancer Center			SC			7,236			0.16		%	$	205.1		0.20		%	County: 58,758			Rural - No CBSA			n/a
Rettig Family Healthcare			PC			12,000			0.27		%	$	180.0		0.17		%	County: 23,437			Rural - No CBSA			n/a
Sanderling Dialysis Center			SC			5,217			0.12		%	$	278.9		0.27		%	County: 13,279			Rural - No CBSA			n/a
Wellmont Lebanon Urgent Care			SC			8,369			0.19		%	$	104.6		0.10		%	County: 26,586			Rural - No CBSA			n/a

Community Healthcare Trust			Page | 22			1Q 2024 | Supplemental Information

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REPORTING DEFINITIONS

Acute Inpatient Behavioral Facilities (AIB)

Behavioral inpatient acute care facilities are healthcare facilities that provide a range of clinical services for mental health and/or substance abuse diagnoses on an inpatient basis. Behavioral health services provided may include assessment, treatment, individual medical evaluation and management (including medication management), individual and group therapy, behavioral health counseling, family therapy and psychological testing for recipients of all ages.

AFFO, Adjusted for Acquisitions

AFFO, Adjusted for Acquisitions, adjusts AFFO to show the impact of the real estate properties acquired in the period as if they had been acquired on the first day of the reporting period, using the expected returns and in-place leases at the time of the acquisition. The Company believes that AFFO, Adjusted for Acquisitions, is useful because it allows investors, analysts and Company management visibility into the impact on the Company's results of operations in future reporting periods resulting from its current period acquisitions.

Annualized Rent

Base rent for the current month multiplied by 12.

Behavioral Specialty Facilities (BSF)

Behavioral specialty facilities are healthcare facilities that provide a range of clinical services for mental health and/or substance abuse diagnoses. Behavioral health services provided may include assessment, treatment, individual medical evaluation and management (including medication management), individual and group therapy, behavioral health counseling, family therapy and psychological testing for recipients of all ages.

EBITDAre and Adjusted EBITDAre

The Company uses the National Association of Real Estate Investment Trusts, Inc. ("NAREIT") definition of EBITDAre which is net income plus interest expense, income tax expense, and depreciation and amortization, plus losses or minus gains on the disposition of depreciable property, including losses/gains on change of control, plus impairment write-downs of depreciable property and of investments in unconsolidated affiliates caused by a decrease in value of depreciable property in the affiliate, plus or minus adjustments to reflect the entity's share of EBITDAre of unconsolidated affiliates and consolidated affiliates with non-controlling interest. The Company also presents Adjusted EBITDAre which is EBITDAre before non-cash stock-based compensation amortization.

We consider EBITDAre and Adjusted EBITDAre important measures because they provide additional information to allow management, investors, and our current and potential creditors to evaluate and compare our core operating results and our ability to service debt.

Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO)

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.

Community Healthcare Trust			Page | 23			1Q 2024 | Supplemental Information

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REPORTING DEFINITIONS (continued)

The Company uses the NAREIT definition of FFO. FFO is an operating performance measure adopted by NAREIT. NAREIT defines FFO as the most commonly accepted and reported measure of a REIT’s operating performance equal to net income (calculated in accordance with GAAP), excluding gains or losses from the sale of certain real estate assets, gains and losses from change in control, impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity, plus depreciation and amortization related to real estate properties, and after adjustments for unconsolidated partnerships and joint ventures. NAREIT also provides REITs with an option to exclude gains, losses and impairments of assets that are incidental to the main business of the REIT from the calculation of FFO. 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 the amortization of stock-based compensation, and including or excluding 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.

Inpatient Rehabilitation Facilities (IRF)

Inpatient rehabilitation facilities are free standing rehabilitation hospitals, or may be units within an acute care hospital, that provide intensive rehabilitation programs to patients.

Long-Term Acute Care Hospitals (LTACH)

Long-term acute care hospitals provide inpatient services for patients with complex medical conditions who require more sensitive care, monitoring or emergency support than that available in most skilled nursing facilities.

Medical Office Building (MOB)

Medical office buildings are buildings occupied by healthcare providers and may be located near hospitals or other facilities where healthcare services are rendered or in close proximity to a population base. Medical office buildings can be leased to physicians, physician practice groups, hospitals, healthcare systems or other healthcare providers.

Metropolitan Statistical Area (MSA or MISA)

MSAs or MISAs are geographical regions with relatively higher population densities at their core and have close economic ties throughout their area. MSAs and MISAs are defined by the Office of Management and Budget.

Net Operating Income (NOI)

NOI is a non-GAAP financial measure that is defined as net income or loss, computed in accordance with GAAP, generated from our total portfolio of properties and other investments before general and administrative expenses, depreciation and amortization expense, gains or loss on the sale of real estate properties or other investments, interest expense, and income tax expense. We believe that NOI provides an accurate measure of operating performance of our operating assets because NOI excludes certain items that are not associated with management of the properties. CHCT's use of the term NOI may not be comparable to that of other real estate companies as they may have different methodologies for computing NOI.

Community Healthcare Trust			Page | 24			1Q 2024 | Supplemental Information

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REPORTING DEFINITIONS (continued)

Physician Clinics (PC)

Physician clinics are freestanding healthcare facilities that are primarily devoted to the care of ambulatory patients, can be privately operated or publicly managed and funded, and typically provide primary healthcare needs of populations in local communities utilizing physicians and other healthcare providers.

Specialty Centers (SC)

Specialty centers include various types of centers which may, among others, include oncology centers, dialysis centers, urgent care centers, and blood plasma centers.

Surgical Centers and Hospitals (SCH)

Surgical centers and hospitals may include outpatient surgery centers where surgical procedures not requiring an overnight hospital stay are performed; as well as specialty hospitals that focus on providing care for certain conditions and performing certain procedures, such as cardiovascular and orthopedic surgery.

Total Capitalization

Debt plus stockholders' equity plus accumulated depreciation.

Community Healthcare Trust			Page | 25			1Q 2024 | Supplemental Information

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DISCLAIMERS

FORWARD-LOOKING STATEMENTS

Certain statements made in this supplemental information package constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)). In particular, statements pertaining to our capital resources, portfolio performance and results of operations contain forward-looking statements. Likewise, our statements regarding anticipated market conditions are forward-looking statements. You can identify forward-looking statements by the use of forward-looking terminology such as "believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” "outlook," "continue," "projects," “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans, expectations, or intentions. 

 

Forward-looking statements reflect the views of our management regarding current expectations and projections about future events and are based on currently available information. These forward-looking statements are not guarantees of future performance and involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data, or methods which may be incorrect or imprecise and we may not be able to realize them. 

 

While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. We disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes after the date of this supplemental information package, except as required by applicable law. You should not place undue reliance on any forward-looking statements that are based on information currently available to us or the third parties making the forward-looking statements. For a discussion of factors that could impact our future results, performance or transactions, see Part I, Item 1A (Risk Factors) of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and the Company’s other filings with the Securities and Exchange Commission from time to time.  

 

NON-GAAP FINANCIAL MEASURES 

This presentation includes EBITDAre, Adjusted EBITDAre, Adjusted EBITDAre Annualized, Net Operating Income (or NOI), Funds From Operations (or FFO), Adjusted Funds From Operations (or AFFO), and AFFO, Adjusted for Acquisitions, which are non-GAAP financial measures. For purposes of the Securities and Exchange Commission’s (“SEC”) Regulation G, a non-GAAP financial measure is a numerical measure of a company’s historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable financial measure calculated and presented in accordance with GAAP in the statements of operations, balance sheets or statements of cash flows (or equivalent statements) of the company, or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable financial measure so calculated and presented. As used in this presentation, GAAP refers to generally accepted accounting principles in the United States of America. Our use of the non-GAAP financial measure terms herein may not be comparable to that of other real estate investment trusts. Pursuant to the requirements of Regulation G, we have provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures. 

Community Healthcare Trust			Page | 26			1Q 2024 | Supplemental Information