EX-99.2 3 supplementalinfo2017q2.htm EXHIBIT 99.2 Exhibit




Exhibit 99.2








chctlogoa07.jpg

Supplemental Information
Second Quarter 2017

























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, 2016, the Company's Quarterly Reports on Form 10-Q for the three months ended March 31, 2017 and June 30, 2017, 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 2017 Supplemental Information
 
Page 2


 CORPORATE INFORMATION

Corporate Headquarters
 
 
 
 
 
Community Healthcare Trust Incorporated
3326 Aspen Grove Drive, Suite 150
Franklin, Tennessee 37067
Phone: 615.771.3052
E-mail: Investorrelations@chct.reit
Website: www.chct.reit
 
 
Board of Directors
 
 
 
 
 
Timothy G. Wallace
Alan Gardner
Robert Hensley
Alfred Lumsdaine
R. Lawrence Van Horn
Chairman of the Board,
Chief Executive Officer
and President
Lead Independent
Director
Audit Committee
Chair
Compensation Committee
Chair
Corporate Governance Committee
Chair
 
 
 
 
 
 
 
 
 
 
Management Team
 
 
 
 
 
Timothy G. Wallace
W. Page Barnes
Leigh Ann Stach
Roland H. Hart
Steve Harrison
Chief Executive Officer
and President
Executive Vice President,
Chief Financial Officer
Vice President, Financial
Reporting and Chief
Accounting Officer
Vice President,
Asset Management
Managing Director,
Business Development
 
 
 
 
 
 
Michael Willman
William R. Davis
James W. Short
 
 
Vice President,
Real Estate
Vice President,
Information Technology
Director,
Special Projects
 
 
 
 
 
 
 
 
 
 
 
Covering Analysts
 
 
 
 
 
A. Goldfarb - Sandler O'Neill
 
E. Fleming - SunTrust Robinson Humphrey
S. McGrath - Evercore ISI
 
R. Stevenson - Janney Capital Markets
 
 
 
 
 
 
 
 
 
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 2017 Supplemental Information
 
Page 3



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

 
2017
 
2016
 
2015
 
Q2
Q1
 
Q4
Q3
Q2
Q1
 
Q4
Q3
Net income (loss)
$
466

$
913

 
$
1,033

$
1,064

$
508

$
116

 
$
121

$
(67
)
Real estate depreciation and
amortization
4,276

3,921

 
3,554

3,493

3,330

2,813

 
2,415

2,211

Total adjustments
4,276

3,921

 
3,554

3,493

3,330

2,813

 
2,415

2,211

Funds from Operations
$
4,742

$
4,834

 
$
4,587

$
4,557

$
3,838

$
2,929

 
$
2,536

$
2,144

   Transaction costs (2)
—

—

 
200

137

204

288

 
243

(101
)
Normalized Funds From Operations
$
4,742

$
4,834

 
$
4,787

$
4,694

$
4,042

$
3,217

 
$
2,779

$
2,043

   Straight line rent
(270
)
(265
)
 
(201
)
(171
)
(138
)
(95
)
 
(69
)
(50
)
   Deferred compensation
338

318

 
221

192

140

121

 
70

69

AFFO
$
4,810

$
4,887

 
$
4,807

$
4,715

$
4,044

$
3,243

 
$
2,780

$
2,062

Funds from Operations per Common Share-Diluted
$
0.37

$
0.38

 
$
0.36

$
0.36

$
0.32

$
0.39

 
$
0.34

$
0.29

Normalized Funds From Operations Per Common Share-Diluted
$
0.37

$
0.38

 
$
0.38

$
0.37

$
0.34

$
0.43

 
$
0.37

$
0.27

AFFO Per Common Share-Diluted
$
0.38

$
0.38

 
$
0.38

$
0.37

$
0.34

$
0.43

 
$
0.37

$
0.27

Weighted Average Common Shares Outstanding-Diluted
12,815,605

12,819,496

 
12,759,089

12,750,967

12,064,839

7,562,644

 
7,511,815

7,507,460


(1
)
Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminishes predictably over time. However, since real estate values have historically risen or fallen with market conditions, many industry investors deem presentations of operating results for real estate companies that use historical cost accounting to be insufficient by themselves. For that reason, the Company considers funds from operations ("FFO"), normalized FFO and adjusted funds from operations ("AFFO") to be appropriate measures of operating performance of an equity real estate investment trust ("REIT"). In particular, the Company believes that normalized FFO and AFFO are useful because they allows investors, analysts and Company management to compare the Company’s operating performance to the operating performance of other real estate companies and between periods on a consistent basis without having to account for differences caused by unanticipated items and other events.

The Company uses the National Association of Real Estate Investment Trusts, Inc. ("NAREIT") definition of FFO. FFO and FFO per share are operating performance measures adopted by NAREIT. NAREIT defines FFO as the most commonly accepted and reported measure of a REIT's operating performance equal to "net income (computed in accordance with GAAP), excluding gains (or losses) from sales of property, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures." The Company has included normalized FFO which it has defined as FFO excluding certain expenses related to closing costs of properties acquired accounted for as business combinations and mortgages funded and has included AFFO which it has defined as normalized FFO excluding straight-line rent and deferred compensation and may include other non-cash items from time to time. Normalized FFO and AFFO presented herein may not be comparable to similar measures presented by other real estate companies due to the fact that not all real estate companies use the same definitions.

FFO, normalized FFO and AFFO should not be considered as alternatives to net income (determined in accordance with GAAP) as indicators of the Company’s financial performance or as alternatives to cash flow from operating activities (determined in accordance with GAAP) as measures of the Company’s liquidity, nor are they necessarily indicative of sufficient cash flow to fund all of the Company’s needs. The Company believes that in order to facilitate a clear understanding of the consolidated historical operating results of the Company, FFO, normalized FFO and AFFO should be examined in conjunction with net income as presented elsewhere herein.

(2
)
Upon the adoption of Accounting Standards Update ("ASU") No, 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business, on January 1, 2017, the Company expects that substantially all of its acquisitions will be accounted for as asset acquisitions. As such, transaction costs related to its acquisitions will be capitalized into the real estate property.

Community Healthcare Trust / 2Q 2017 Supplemental Information
 
Page 4



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

 
2017
2016
2015
 
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
ASSETS
 
 
 
 
 
 
 
 
Real estate properties
 
 
 
 
 
 
 
 
Land and land improvements
$
37,277

$
33,476

$
29,884

$
24,109

$
22,601

$
19,317

$
13,216

$
10,407

Buildings, improvements, and lease
intangibles
281,408

248,922

222,755

182,474

171,407

140,322

119,716

90,721

Personal property
109

102

97

97

81

69

35

—

Total real estate properties
318,794

282,500

252,736

206,680

194,089

159,708

132,967

101,128

Less accumulated depreciation
(26,610
)
(22,328
)
(18,404
)
(14,846
)
(11,350
)
(8,018
)
(5,203
)
(2,788
)
Total real estate properties, net
292,184

260,172

234,332

191,834

182,739

151,690

127,764

98,340

Cash and cash equivalents
831

2,044

1,568

1,742

10,920

1,571

2,018

16,053

Mortgage note receivable, net
10,518

10,652

10,786

10,875

10,872

23,277

10,897

10,862

Other assets, net
5,722

4,905

4,843

4,153

3,082

2,704

2,124

1,795

Total assets
$
309,255

$
277,773

$
251,529

$
208,604

$
207,613

$
179,242

$
142,803

$
127,050

 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Debt, net
$
117,251

$
81,235

$
51,000

$
5,000

$
—

$
55,000

$
17,000

$
—

Accounts payable and accrued liabilities
3,057

2,964

3,541

2,755

2,521

1,299

812

1,031

Other liabilities
3,533

3,566

2,981

3,095

3,625

3,349

2,721

1,060

Total liabilities
123,841

87,765

57,522

10,850

6,146

59,648

20,533

2,091

 
 
 
 
 
 
 
 
 
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
131

131

130

130

129

77

76

76

Additional paid-in capital
214,975

214,640

214,323

214,102

213,912

127,697

127,578

127,538

Cumulative net income (loss)
2,644

2,178

1,265

232

(832
)
(1,340
)
(1,456
)
(1,576
)
Accumulated other comprehensive loss
(436
)
(152
)
—

—

—

—

—

—

Cumulative dividends
(31,900
)
(26,789
)
(21,711
)
(16,710
)
(11,742
)
(6,840
)
(3,928
)
(1,079
)
Total stockholders’ equity
185,414

190,008

194,007

197,754

201,467

119,594

122,270

124,959

Total liabilities and stockholders' equity
$
309,255

$
277,773

$
251,529

$
208,604

$
207,613

$
179,242

$
142,803

$
127,050



Community Healthcare Trust / 2Q 2017 Supplemental Information
 
Page 5


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

 
2017
2016
2015
 
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
 
 
 
 
 
 
 
 
 
REVENUES
 
 
 
 
 
 
 
 
Rental income
$
7,338

$
6,618

$
5,811

$
4,985

$
4,530

$
3,673

$
3,050

$
2,585

Tenant reimbursements
1,334

1,128

1,314

1,188

1,105

957

1,202

655

Mortgage interest
258

261

267

270

561

536

304

—

 
8,930

8,007

7,392

6,443

6,196

5,166

4,556

3,240

 
 
 
 
 
 
 
 
 
EXPENSES
 
 
 
 
 
 
 
 
Property operating
2,140

1,738

1,504

963

1,228

1,049

1,123

751

General and administrative
835

770

856

671

895

806

646

223

Depreciation and amortization
4,281

3,924

3,558

3,496

3,332

2,815

2,416

2,211

Bad debts
—

67

52

73

30

—

71

—

 
7,256

6,499

5,970

5,203

5,485

4,670

4,256

3,185

OTHER INCOME (EXPENSE)
 
 
 
 
 
 
 
 
Interest expense
(1,209
)
(597
)
(391
)
(185
)
(222
)
(380
)
(183
)
(140
)
Interest and other income, net
1

2

2

9

19

—

4

18

 
(1,208
)
(595
)
(389
)
(176
)
(203
)
(380
)
(179
)
(122
)
NET INCOME (LOSS)
$
466

$
913

$
1,033

$
1,064

$
508

$
116

$
121

$
(67
)
 
 
 
 
 
 
 
 
 
NET INCOME (LOSS) PER COMMON SHARE
 
 
 
 
 
 
 
 
Net income (loss) per common share – Basic
$
0.04

$
0.07

$
0.08

$
0.08

$
0.04

$
0.02

$
0.02

$
(0.01
)
Net income (loss) per common share – Diluted
$
0.04

$
0.07

$
0.08

$
0.08

$
0.04

$
0.02

$
0.02

$
(0.01
)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC
12,686,183

12,686,183

12,686,183

12,686,183

12,038,381

7,511,183

7,511,183

7,511,183

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED
12,815,605

12,819,496

12,759,089

12,750,967

12,064,839

7,562,644

7,511,815

7,511,183

DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD
$
0.3900

$
0.3875

$
0.3850

$
0.3825

$
0.3800

$
0.3775

$
0.3750

$
0.1420



Community Healthcare Trust / 2Q 2017 Supplemental Information
 
Page 6


PROPERTY LOCATIONS

Approximately 47% of our property revenues are in MSAs with populations over 1,000,000 and approximately 83% are in MSAs with populations over 100,000.
Property Name
Property
 Type
Address
City
State
Area
% of
Square
 Feet
Annualized
 Revenue (1)
% of
 Revenue
Population
MSA/MISA
Rank
 
 
 
 
 
 
 
($ 000's)
 
 
 
 
Chicago Behavioral Hospital
BF
1771 Rand Road
Des Plaines
IL
85,000
5.05
%
$
1,938.0

6.30
%
7,340,454

Chicago-Naperville-Arlington Heights, IL
5
Novamed Surgery Center
ASC
6309 West 95th Street
Oak Lawn
IL
30,455
1.81
%
$
617.2

2.01
%
7,340,454

Chicago-Naperville-Arlington Heights, IL
5
Skin MD
PC
16105 South LaGrange Road
Orland Park
IL
13,565
0.81
%
$
450.3

1.46
%
7,340,454

Chicago-Naperville-Arlington Heights, IL
5
Bayside Medical Center
MOB
4001 Preston Avenue
Pasadena
TX
51,316
3.05
%
$
703.1

2.29
%
6,656,947

Houston-The Woodlands-Sugar Land, TX
8
Northwest Surgery Center
ASC
5215 Hollister Street
Houston
TX
11,200
0.67
%
$
466.4

1.52
%
6,656,947

Houston-The Woodlands-Sugar Land, TX
8
Haddon Hill
MOB
63 Kresson Road
Cherry Hill
NJ
24,636
1.46
%
$
422.1

1.37
%
6,069,875

Philadelphia-Camden-Wilmington, PA-NJ-OE-MO Metropolitan Statistical Area
10
Continuum Wellness Center
PC
3941 E. Baseline Road
Gilbert
AZ
8,200
0.49
%
$
262.2

0.85
%
4,574,531

Phoenix-Mesa-Scottsdale, AZ
17
Desert Endoscopy Center
ASC
610 E. Baseline Road
Tempe
AZ
13,000
0.77
%
$
242.7

0.79
%
4,574,531

Phoenix-Mesa-Scottsdale, AZ
17
Mountain View Surgery Center
ASC
3131 West Peoria Avenue
Phoenix
AZ
13,835
0.82
%
$
297.5

0.97
%
4,574,531

Phoenix-Mesa-Scottsdale, AZ
17
Bay Area Physicians Surgery Center
ASC
6043 Winthrop Commerce Avenue
Riverview
FL
18,708
1.11
%
$
624.8

2.03
%
2,975,225

Tampa-St. Petersburg-Clearwater, FL Metro Area
24
Liberty Dialysis
SC
4352 Trail Boss Drive
Castle Rock
CO
8,450
0.50
%
$
310.5

1.01
%
2,814,330

Denver-Aurora-Lakewood, CO
27
Berry Surgical Center
ASC
28500 Orchard Lake Road
Farmington Hills
MI
27,217
1.62
%
$
627.1

2.04
%
2,542,708

Warren-Troy-Farmington Hills, MI
32
Bassin Center For Plastic Surgery-Orlando
PC
422 Alafaya Trail #32
Orlando
FL
2,420
0.14
%
$
127.2

0.41
%
2,387,138

Orlando-Kissimmee-Sanford, FL
37
Bassin Center For Plastic-Surgery-Villages
PC
8575 NE 138th Lane Suites 103-104
Lady Lake
FL
2,894
0.17
%
$
152.2

0.49
%
2,387,138

Orlando-Kissimmee-Sanford, FL
37
Medical Village at Wintergarden
MOB
1210 E. Plant Street
Winter Garden
FL
21,648
1.29
%
$
488.2

1.59
%
2,387,138

Orlando-Kissimmee-Sanford, FL
37
Assurance
BF
11690 Grooms Road
Cincinnati
OH
14,381
0.85
%
$
485.7

1.58
%
2,157,719

Cincinnati, OH-KY-IN
42
Cavalier Medical & Dialysis Center
MOB
47 & 51 Cavalier Blvd
Florence
KY
36,362
2.16
%
$
389.3

1.27
%
2,157,719

Cincinnati, OH-KY-IN
42
Fresenius Florence Dialysis Center
SC
7205 Dixie Hwy
Florence
KY
18,283
1.09
%
$
267.4

0.87
%
2,157,719

Cincinnati, OH-KY-IN
42
Vascular Access Centers of Southern Nevada
PC
3150 West Charleston
Las Vegas
NV
4,800
0.29
%
$
218.3

0.71
%
2,114,801

Las Vegas-Henderson-Paradise, NV Metro Area
44
Prairie Star Medical Facility I
PC
6815 Hilltop Road
Shawnee
KS
24,557
1.46
%
$
460.4

1.50
%
2,087,471

Kansas City, MO-KS
45
Prarie Star Medical Facility II
MOB
6850 Hilltop Road
Shawnee
KS
24,840
1.48
%
$
453.2

1.47
%
2,087,471

Kansas City, MO-KS
45
Brook Park Medical Building
MOB
15900 Snow Road
Brook Park
OH
18,444
1.10
%
$
353.4

1.15
%
2,060,810

Cleveland-Elyria, OH
46
Rockside Medical Center
MOB
6701 Rockside Road
Independence
OH
54,611
3.24
%
$
1,334.2

4.34
%
2,060,810

Cleveland-Elyria, OH
46
Court Street Surgery Center
ASC
125 South Court Street
Circleville
OH
7,787
0.46
%
$
7.8

0.03
%
2,021,632

Columbus, OH
47
Assurance Health, LLC
BF
2725 Enterprise Drive
Anderson
IN
10,200
0.61
%
$
318.2

1.03
%
1,988,817

Indianapolis-Carmel-Anderson, IN
49
Kindred Hospital Indianapolis North
LTAC
Suite 2000 Box 82064, One American Square
Indianapolis
IN
37,270
2.21
%
$
1,351.4

4.39
%
1,988,817

Indianapolis-Carmel-Anderson, IN Metro Area
49
Associated Surgical Center of Dearborn
ASC
24420 Ford Road
Dearborn Heights
MI
12,400
0.74
%
$
348.9

1.13
%
1,759,335

Detroit-Dearborn-Livonia, MI
55
Virgina Orthopaedic & Spine Specialists
PC
3300 High Street
Portsmouth
VA
8,445
0.50
%
$
168.9

0.55
%
1,724,876

Virginia Beach-Norfolk-Newport News, VA-NC
56
Memphis Spine and Rehab Center
PC
11221 Latting Road
Eads
TN
11,669
0.69
%
$
240.0

0.78
%
1,344,127

Memphis, TN-MS-AR
63
Sterling Medical Center
MOB
200 Sterling Drive
Orchard Park
NY
28,697
1.70
%
$
459.1

1.49
%
1,135,230

Buffalo-Cheektowaga-Niagara Falls, NY
73
Los Alamos Professional Plaza
MOB
427 E. Duranta Avenue
Alamo
TX
41,797
2.48
%
$
512.7

1.67
%
842,304

McAllen-Edinburg-Mission, TX
92
 
 
 
(CONTINUED)
 
 
 
 
 
 
 
 

Community Healthcare Trust / 2Q 2017 Supplemental Information
 
Page 7


Property Name
Property
 Type
Address
City
State
Area
% of
Square
 Feet
Annualized
 Revenue (1)
% of
 Revenue
Population
MSA/MISA
Rank
 
 
 
 
 
 
 
($ 000's)
 
 
 
 
Columbia Gastroenterology Surgery Center
ASC
2739 Laurel Street
Columbia
SC
16,969
1.01
%
$
325.5

1.06
%
810,068

Columbia, SC
96
Parkway Professional Plaza
MOB
4725 US Hwy 98 S
Lakeland
FL
40,000
2.38
%
$
673.0

2.19
%
650,092

Lakeland-Winter Haven, FL
111
Cypress Medical Center
MOB
9300 E. 29th Street North
Wichita
KS
43,945
2.61
%
$
768.3

2.50
%
644,610

Wichita, KS
112
Family Medicine East
PC
1709 S. Rock Road
Wichita
KS
16,581
0.99
%
$
410.8

1.34
%
644,610

Wichita, KS
112
Grene Vision Center
PC
655 N. Woodlawn Blvd
Wichita
KS
11,891
0.71
%
$
281.5

0.92
%
644,610

Wichita, KS
112
UW Health Clinic- Portage
PC
2977 County Highway CX
Portage
WI
14,000
0.83
%
$
301.9

0.98
%
641,385

Madison, WI
114
Medical Village at Debary
MOB
110 Pond Court
Debary
FL
24,000
1.43
%
$
596.3

1.94
%
623,279

Deltona-Daytona Beach-Ormond Beach, FL
117
Perrysburg Medical Arts Building
MOB
1103 Village Square Drive
Perrysburg
OH
24,134
1.43
%
$
381.8

1.24
%
605,956

Toledo, OH Metro Area
119
St. Vincent Mercy Medical Center, Inc.
MOB
3930 Sunforest Court
Toledo
OH
23,368
1.39
%
$
301.4

0.98
%
605,956

Toledo, OH Metro Area
119
Bassin Center For Plastic Surgery-Melbourne
PC
1705 Berglund Lane
Viera
FL
5,228
0.31
%
$
274.9

0.89
%
568,088

Palm Bay-Melbourne-Titusville, FL
123
Eynon Surgery Center
ASC
681 Scranton Carbondale Hwy
Eynon
PA
6,500
0.39
%
$
157.2

0.51
%
558,166

Scranton--Wilkes-Barre--Hazleton, PA
125
AMG Specialty Hospital - Lafayette (2)
LTAC
310 Youngville Highway
Lafayette
LA
29,890
1.78
%
$
—

—
%
490,488

Lafayette, LA Metro Area
130
Grandview Plaza
PC
802 New Holland Avenue
Lancaster
PA
20,000
1.19
%
$
96.7

0.31
%
536,624

Lancaster, PA
131
Treasure Coast Medical Pavilion
MOB
3498 NW Federal Hwy #C
Jensen Beach
FL
56,457
3.35
%
$
655.7

2.13
%
454,846

Port St. Lucie, FL
141
Affinity Health Center
MOB
4455 Dressler Road NW
Canton
OH
47,366
2.81
%
$
701.3

2.28
%
402,976

Canton-Massillon, OH Metro Area
162
Bristol Pediatric Associates
MOB
320 Steeles Road
Bristol
TN
10,975
0.65
%
$
224.3

0.73
%
307,120

Kingsport-Bristol-Bristol, TN-VA Metro Area
192
Wellmont Bristol Urgent Care
SC
1220 Volunteer Parkway
Bristol
TN
4,548
0.27
%
$
65.9

0.21
%
307,120

Kingsport-Bristol-Bristol, TN-VA Metro Area
192
Londonderry Centre
MOB
7030 New Sanger Avenue
Waco
TX
19,495
1.16
%
$
373.0

1.21
%
262,813

Waco, TX
210
Gulf Coast Cancer Centers- Gulf Shores
SC
253 Professional Lane
Gulf Shores
AL
6,398
0.38
%
$
202.6

0.66
%
203,709

Daphne-Fairhope-Foley, AL
248
Gulf Coast Cancer Centers-Foley
SC
1703 North Bunner Street
Foley
AL
6,146
0.37
%
$
194.6

0.63
%
203,709

Daphne-Fairhope-Foley, AL
248
Fresenius Ft. Valley
SC
135 Avera Drive
Fort Valley
GA
4,920
0.29
%
$
120.3

0.39
%
188,149

Warner Robins, GA
259
Monroe Surgical Hosptial
ASC
2408 Broadmoor Blvd
Monroe
LA
58,121
3.45
%
$
2,070.0

6.73
%
179,238

Monroe, LA Metro Area
266
ImmunoTek Bio Center
SC
505 East Webb Avenue
Burlington
NC
12,870
0.76
%
$
272.1

0.88
%
157,276

Burlington, NC Metro Area
293
Provena Medical Center
MOB
600-680 N. Convent Street
Bourbonnais
IL
54,000
3.21
%
$
866.2

2.82
%
110,879

Kankakee, IL
387
Fresenius Gallipolis Dialysis Center
SC
137 Pine Street
Gallipolis
OH
15,110
0.90
%
$
165.9

0.54
%
57,179

Point Pleasant, WV-OH Micro Area
575
Davita Etowah Dialysis Center
SC
109 Grady Road
Etowah
TN
4,720
0.28
%
$
67.4

0.22
%
52,639

Athens, TN Micro Area
604
Fresenius Dialysis Center
SC
1321 W. 2nd Avenue
Corsicana
TX
17,699
1.05
%
$
132.0

0.43
%
48,323

Corsicana, TX Micro Area
636
Arkansas Valley Surgery Center
ASC
933 Sell Avenue
Canon City
CO
10,165
0.60
%
$
256.3

0.83
%
46,692

Cañon City, CO Micro Area
650
Ottumwa Medical Clinic
MOB
1005 Pennsylvania Avenue
Ottumwa
IA
69,739
4.14
%
$
1,648.4

5.36
%
43,942

Ottumwa, IA Micro Area
685
Davita Dialysis
SC
330 Lola Lane
Pahrump
NV
12,545
0.75
%
$
407.9

1.33
%
42,477

Pahrump, NV Micro Area
697
Amory Regional Medical Center
MOB
1107 Earl Frye Blvd
Amory
MS
17,629
1.05
%
$
82.5

0.27
%
7.067

 
 
Amory Regional Medical Center
MOB
1111 Earl Frye Blvd, 
Amory
MS
27,743
1.65
%
$
129.8

0.42
%
7.067

 
 
Amory Regional Medical Center
MOB
1127 Earl Frye Blvd
Amory
MS
18,074
1.07
%
$
84.5

0.27
%
7.067

 
 
Amory Regional Medical Center
MOB
404 Gilmore Drive
Amory
MS
9,890
0.59
%
$
46.3

0.15
%
7.067

 
 
Amory Regional Medical Center
MOB
305 Highway 45N
Aberdeen
MS
3,378
0.20
%
$
15.8

0.05
%
6.391

 
 
Batesville Regional Medical Center
MOB
205 Medical Center Dr
Batesville
MS
9,263
0.55
%
$
43.3

0.14
%
7.391

 
 
Dahlonega Medical Mall
MOB
134 Ansley Drive
Dahlonega
GA
20,621
1.23
%
$
198.4

0.64
%
5,242

 
 
 
 
 
(CONTINUED)
 
 
 
 
 
 
 
 

Community Healthcare Trust / 2Q 2017 Supplemental Information
 
Page 8


Property Name
Property
 Type
Address
City
State
Area
% of
Square
 Feet
Annualized
 Revenue (1)
% of
 Revenue
Population
MSA/MISA
Rank
 
 
 
 
 
 
 
($ 000's)
 
 
 
 
Gulf Coast Cancer Centers-Brewton
SC
1207 Azalea Place
Brewton
AL
3,971
0.24
%
$
125.8

0.41
%
5,408

 
 
Haleyville Physicians Professional Building
MOB
42030 Hwy 195 East
Haleyville
AL
29,515
1.75
%
$
142.0

0.46
%
4,173

 
 
Rettig Family Healthcare
PC
204 W Trinity Street
Groesbeck
TX
12,000
0.71
%
$
180.0

0.59
%
4,309

 
 
Russellville Medical Plaza
MOB
15155 Hwy 43 NE
Russellville
AL
29,129
1.73
%
$
140.1

0.46
%
9,830

 
 
Sanderling Dialysis Center
SC
102 Crestview Drive
Holdenville
OK
5,217
0.31
%
$
237.5

0.77
%
5,795

 
 
UH Walden Health Center
PC
1119 Aurora Hudson Road
Aurora
OH
11,000
0.65
%
$
305.2

0.99
%
15.577

 
 
Wellmont Assoicates Complex
MOB
338 Cueburn Avenue
Norton
VA
37,000
2.20
%
$
494.1

1.61
%
4.017

 
 
Wellmont Lebanon Urgent Care
SC
344 Overlook Drive
Lebanon
VA
8,369
0.50
%
$
96.2

0.31
%
3.386

 
 
Wellmont Norton Urgent Care
SC
1014 Park Avenue
Norton
VA
5,000
0.30
%
$
57.5

0.19
%
4.017

 
 
Winfield Medical Office Buildings
PC
191 Carraway Dr
Winfield
AL
60,592
3.60
%
$
291.5

0.95
%
4.717

 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Annualized revenue for leases was calculated by multiplying base rent for the month of June 2017 by 12 and for the mortgage was calculated based on the principal outstanding at June 30, 2017 in accordance with the mortgage note.
(2) Mortgage investment.
 
 
 
 
 
 
 
 
 
 
 


Community Healthcare Trust / 2Q 2017 Supplemental Information
 
Page 9


INVESTMENT ACTIVITY
(dollars in thousands)

2017 INVESTMENT ACTIVITY
 
 
 
 
 
 
 
 
 
 
 
Location
Property
Type
Acquisition/
Closing Date
Purchase Price
Square Feet
Aggregate Leased
% at Acquisition
Property Acquisitions:
 
 
 
 
 
 
Perrysburg, OH
 MOB
2/1/2017
$
3,969

27,672

100.0
%
 
Cherry Hill, NJ
 MOB
2/2/2017
3,900

24,636

88.2
%
 
Las Vegas, NV
 PC
3/30/2017
1,973

4,800

100.0
%
 
Pahrump, NV
SC
3/30/2017
4,635

12,545

100.0
%
 
Cincinnati, OH
 BF
3/31/2017
4,625

14,381

100.0
%
 
Bristol, TN
SC
3/31/2017
675

4,548

100.0
%
 
Lebanon, VA
SC
3/31/2017
860

8,369

100.0
%
 
Norton, VA
SC
3/31/2017
589

5,000

100.0
%
 
Norton, VA
 MOB
3/31/2017
4,991

32,351

87.4
%
 
Bristol, TN
 MOB
3/31/2017
2,301

10,975

100.0
%
 
Amory, MS
MOB
5/1/2017
835

17,629

100.0
%
 
Amory, MS
MOB
5/1/2017
1,315

27,743

100.0
%
 
Amory, MS
MOB
5/1/2017
857

18,074

100.0
%
 
Amory, MS
MOB
5/1/2017
469

9,890

100.0
%
 
Aberdeen, MS
MOB
5/1/2017
160

3,378

100.0
%
 
Batesville, MS
MOB
5/1/2017
439

9,263

100.0
%
 
Canton, OH
MOB
5/11/2017
5,000

47,366

100.0
%
 
Orland Park, IL
MOB
6/14/2017
5,000

13,565

100.0
%
 
Indianapolis, IN
SCH
6/23/2017
14,900

37,270

100.0
%
 
Riverview, FL
MOB
6/28/2017
7,200

18,708

100.0
%
Total / Weighted Average
 
 
$
64,693

348,163

98.0
%
 
 
 
 
 
 
 




Community Healthcare Trust / 2Q 2017 Supplemental Information
 
Page 10


LEASING INFORMATION


LEASE EXPIRATION SCHEDULE (1) 


 
 
Total Leased Square Footage
Annualized Lease Revenue
Year
Number of
Leases
Expiring
Amount
Percent (%)
Amount
(in thousands)
Percent (%)
Q3 2017
7

34,500

2.3
%
$
719,224

2.3
%
Q4 2017
9

62,271

4.1
%
1,686,434

5.4
%
2018
31

161,597

10.6
%
3,481,775

11.2
%
2019
29

141,200

9.2
%
3,240,707

10.4
%
2020
37

184,223

12.1
%
3,465,837

11.2
%
2021
14

142,716

9.3
%
2,810,853

9.1
%
2022
24

148,415

9.7
%
3,033,918

9.8
%
2023
12

68,055

4.4
%
1,433,910

4.6
%
2024
4

20,813

1.4
%
496,561

1.6
%
2025
6

29,234

1.9
%
706,615

2.3
%
2026
4

98,911

6.4
%
2,343,129

7.6
%
Thereafter
25

428,712

28.1
%
7,421,740

24.0
%
Month-to-Month
6

7,427

0.5
%
144,753

0.5
%
Totals
208

1,528,074

100.0
%
$
30,985,456

100.0
%

(1) Total portfolio was approximately 92.7% leased in the aggregate at June 30, 2017 with lease expirations ranging from 2017 through 2033.





Community Healthcare Trust / 2Q 2017 Supplemental Information
 
Page 11


PROPERTY DIVERSIFICATION



supplemental_chart-59669a08.jpg
Property Type (1)
Number of
Properties

Annualized
Revenue (1)
($ in thousands)
Annualized
Revenue
(%)
Medical Office Building (MOB)
30
$
13,694

42.8
%
Surgical Centers and Hospitals (SCH)
13
7,398

23.1
%
Physician Clinics (PC)
16
4,408

13.8
%
Behavioral Facilities (BF) 
3
2,742

8.6
%
Specialty Centers (SC)
15
2,724

8.5
%
Long-term Acute Care Center (LTAC) (2)
1
1,041

3.2
%
Total
78
$
32,007

100.0
%
______________________
 
 
 
(1) Annualized revenue for leases was calculated by multiplying base rent for the month of June 2017 by 12 and for the mortgage was calculated based on the principal outstanding at June 30, 2017 in accordance with the mortgage note.
(2) Mortgage investment.
 
 
 














Community Healthcare Trust / 2Q 2017 Supplemental Information
 
Page 12



PROPERTY DIVERSIFICATION
(continued)



supplemental_chart-00615a08.jpg

State
Number of
Properties

Annualized
Revenue (1)
($ in thousands)
Annualized
Revenue
(%)
Ohio
9
$
4,037

12.6
%
Illinois
4
3,872

12.1
%
Florida
8
3,592

11.2
%
Louisiana (2)
2
3,111

9.7
%
Kansas
5
2,374

7.4
%
Texas
6
2,367

7.4
%
Indiana
2
1,670

5.2
%
Iowa
1
1,648

5.2
%
Alabama
6
1,097

3.4
%
Michigan
2
976

3.0
%
Other (Less than 3%)
33
7,263

22.8
%
Total
78
$
32,007

100.0
%
_________________
 
 
 
(1) Annualized revenue for leases was calculated by multiplying base rent for the month of June 2017 by 12 and for the mortgage was calculated based on the principal outstanding at June 30, 2017 in accordance with the mortgage note.
(2) Includes one mortgage investment.
 
 
 






Community Healthcare Trust / 2Q 2017 Supplemental Information
 
Page 13



PROPERTY DIVERSIFICATION
(continued)


supplemental_chart-01563a08.jpg

Tenant

Annualized
Revenue (1)
($ in thousands)
Annualized
Revenue
(%)
Vantage Health Plan, Inc. (Monroe Surgical)
$
2,070

6.5
%
2014 Health, LLC (Chicago Behavioral)
1,938

6.1
%
KND Development 67, LLC (Kindred)
1,351

4.2
%
St. Vincent Medical Group
1,158

3.6
%
AMG Specialty Hospital (2)
1,041

3.3
%
HCA
995

3.1
%
Curae Health
976

3.0
%
Others (Less than 3%)
22,478

70.2
%
Total
$
32,007

100.0
%
 
 
 
(1) Annualized revenue for leases was calculated by multiplying base rent for the month of June 2017 by 12 and for the mortgage was calculated based on the principal outstanding at June 30, 2017 in accordance with the mortgage note.
(2) Mortgage investment.

            


Community Healthcare Trust / 2Q 2017 Supplemental Information
 
Page 14