EX-99.2 3 supplementalinfo2018q4.htm EXHIBIT 99.2 Exhibit



Exhibit 99.2










chctlogoa19.jpg

Supplemental Information
Fourth Quarter 2018

























NYSE: CHCT
www.chct.reit





TABLE OF CONTENTS


















Cautionary Note Regarding Forward-Looking Statements

In addition to the historical information contained within, the matters discussed in this supplemental operating and financial information package may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “believes”, “expects”, “may”, “should”, “seeks”, “approximately”, “intends”, “plans”, “estimates”, “anticipates” or other similar words or expressions, including the negative thereof. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. Because forward-looking statements relate to future events, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the control of Community Healthcare Trust Incorporated (the "Company"). Thus, the Company’s actual results and financial condition may differ materially from those indicated in such forward-looking statements. Some factors that might cause such a difference include the following: general volatility of the capital markets and the market price of the Company’s common stock, changes in the Company’s business strategy, availability, terms and deployment of capital, the Company’s ability to refinance existing indebtedness at or prior to maturity on favorable terms, or at all, changes in the real estate industry in general, interest rates or the general economy, adverse developments related to the healthcare industry, the degree and nature of the Company’s competition, the ability to consummate acquisitions under contract and the other factors described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 and the Company’s other filings with the Securities and Exchange Commission from time to time. Readers are therefore cautioned not to place undue reliance on the forward-looking statements contained herein which speak only as of the date hereof. The Company intends these forward-looking statements to speak only as of the time of this supplemental operating and financial information package and undertakes no obligation to update forward-looking statements, whether as a result of new information, future developments, or otherwise, except as may be required by law.


Community Healthcare Trust / 4Q 2018 Supplemental Information
 
Page 2


 CORPORATE INFORMATION

Corporate Headquarters
 
 
 
 
 
Community Healthcare Trust Incorporated
3326 Aspen Grove Drive, Suite 150
Franklin, Tennessee 37067
Phone: 615.771.3052
E-mail: Investorrelations@chct.reit
Website: www.chct.reit
 
 
Board of Directors
 
 
 
 
 
Timothy G. Wallace
Alan Gardner
Robert Hensley
Claire Gulmi
R. Lawrence Van Horn
Chairman of the Board,
Chief Executive Officer
and President
Lead Independent
Director
Audit Committee
Chair
Compensation Committee
Chair
Corporate Governance Committee
Chair
 
 
 
 
 
 
 
 
 
 
Executive Management Team
 
 
 
 
 
 
Timothy G. Wallace
W. Page Barnes
Leigh Ann Stach
 
 
Chief Executive Officer
and President
Executive Vice President,
Chief Financial Officer
Vice President, Financial
Reporting and Chief
Accounting Officer
 
 
 
 
 
 
 
 
 
 
 
Covering Analysts
 
 
 
 
 
A. Goldfarb - Sandler O'Neill
 
E. Fleming - SunTrust Robinson Humphrey
S. McGrath - Evercore ISI
 
R. Stevenson - Janney Capital Markets
B. Maher - B. Riley FBR
 
 
 
 
 
 
 
 
 
 
 
 
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 / 4Q 2018 Supplemental Information
 
Page 3



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

 
2018
 
2017
 
Q4
Q3
Q2
Q1
 
Q4
Q3
Q2
Q1
Net income (loss)
$
(1,885
)
$
1,999

$
2,417

$
1,872

 
$
1,552

$
579

$
466

$
913

Real estate depreciation and amortization
5,109

4,918

4,624

4,911

 
4,978

4,539

4,276

3,921

Gain from sale of depreciable real estate
(295
)
—

—

—

 
—

—

—

—

Total adjustments
4,814

4,918

4,624

4,911

 
4,978

4,539

4,276

3,921

Funds from Operations
$
2,929

$
6,917

$
7,041

$
6,783

 
$
6,530

$
5,118

$
4,742

$
4,834

   Transaction costs 
—

—

57

—

 
25

11

—

—

   Straight line rent
(126
)
(359
)
(391
)
(415
)
 
(351
)
(417
)
(270
)
(265
)
   Deferred compensation
747

690

801

614

 
428

395

338

318

   Impairment of note receivable (2)
5,000

—

—

—

 
—

—

—

—

   Income tax benefit (2)
(1,321
)
—

—

—

 
—

—

—

—

AFFO
$
7,229

$
7,248

$
7,508

$
6,982

 
$
6,632

$
5,107

$
4,810

$
4,887

Funds from Operations per Common Share-Diluted
$
0.16

$
0.39

$
0.40

$
0.38

 
$
0.37

$
0.31

$
0.37

$
0.38

AFFO Per Common Share-Diluted
$
0.41

$
0.40

$
0.42

$
0.39

 
$
0.37

$
0.31

$
0.38

$
0.38

Weighted Average Common Shares Outstanding-Diluted (3)
17,848

17,948

17,800

17,791

 
17,769

16,402

12,816

12,819


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

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

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

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

Community Healthcare Trust / 4Q 2018 Supplemental Information
 
Page 4



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

 
2018
2017
 
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
ASSETS
 
 
 
 
 
 
 
 
Real estate properties
 
 
 
 
 
 
 
 
Land and land improvements
$
50,270

$
47,748

$
47,080

$
46,066

$
44,419

$
39,810

$
37,277

$
33,476

Buildings, improvements, and lease
intangibles
394,527

376,310

369,563

356,530

343,955

307,492

281,408

248,922

Personal property
133

132

129

116

112

112

109

102

Total real estate properties
444,930

424,190

416,772

402,712

388,486

347,414

318,794

282,500

Less accumulated depreciation
(55,298
)
(50,607
)
(45,682
)
(41,052
)
(36,136
)
(31,153
)
(26,610
)
(22,328
)
Total real estate properties, net
389,632

373,583

371,090

361,660

352,350

316,261

292,184

260,172

Cash and cash equivalents
2,007

1,006

1,784

2,285

2,130

17,479

831

2,044

Restricted cash
385

—

—

—

—

—

—

—

Mortgage note receivable, net
—

—

—

10,633

10,633

10,633

10,518

10,652

Other assets, net
34,546

40,711

37,910

25,210

20,653

10,776

5,722

4,905

Total assets
$
426,570

$
415,300

$
410,784

$
399,788

$
385,766

$
355,149

$
309,255

$
277,773

 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Debt, net
$
147,766

$
127,449

$
125,417

$
111,385

$
93,353

$
59,284

$
117,251

$
81,235

Accounts payable and accrued liabilities
3,196

3,818

4,439

3,806

4,056

3,226

3,057

2,964

Other liabilities
3,949

4,716

4,570

4,987

4,983

4,743

3,533

3,566

Total liabilities
154,911

135,983

134,426

120,178

102,392

67,253

123,841

87,765

 
 
 
 
 
 
 
 
 
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
186

185

182

182

181

181

131

131

Additional paid-in capital
337,180

333,468

325,719

324,918

324,303

323,877

214,975

214,640

Cumulative net income
9,178

11,063

9,064

6,647

4,775

3,223

2,644

2,178

Accumulated other comprehensive income (loss)
633

2,612

2,039

1,232

258

(386
)
(436
)
(152
)
Cumulative dividends
(75,518
)
(68,011
)
(60,646
)
(53,369
)
(46,143
)
(38,999
)
(31,900
)
(26,789
)
Total stockholders’ equity
271,659

279,317

276,358

279,610

283,374

287,896

185,414

190,008

Total liabilities and stockholders' equity
$
426,570

$
415,300

$
410,784

$
399,788

$
385,766

$
355,149

$
309,255

$
277,773



Community Healthcare Trust / 4Q 2018 Supplemental Information
 
Page 5


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

 
2018
2017
 
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
 
 
 
 
 
 
 
 
 
REVENUES
 
 
 
 
 
 
 
 
Rental income
$
10,069

$
10,225

$
10,220

$
9,635

$
9,103

$
8,012

$
7,338

$
6,618

Tenant reimbursements
1,646

1,701

1,590

1,440

1,451

1,158

1,334

1,128

Mortgage interest
—

—

—

—

248

255

258

261

Other operating interest
479

679

592

354

160

19

—

—

 
12,194

12,605

12,402

11,429

10,962

9,444

8,930

8,007

 
 
 
 
 
 
 
 
 
EXPENSES
 
 
 
 
 
 
 
 
Property operating
2,447

2,627

2,506

2,364

2,579

2,225

2,140

1,738

General and administrative
1,547

1,463

1,504

1,193

801

1,069

835

837

Depreciation and amortization
5,068

4,925

4,630

4,916

4,983

4,544

4,281

3,924

 
9,062

9,015

8,640

8,473

8,363

7,838

7,256

6,499

 
 
 
 
 
 
 
 
 
INCOME BEFORE INCOME TAXES AND OTHER ITEMS
3,132

3,590

3,762

2,956

2,599

1,606

1,674

1,508

Gain on sale of real estate
295

—

—

—

—

—

—

—

Interest expense
(1,817
)
(1,643
)
(1,571
)
(1,268
)
(1,051
)
(1,091
)
(1,209
)
(597
)
Impairment of note receivable
(5,000
)
—

—

—

—

—

—

—

Income tax benefit
1,547

—

—

—

—

—

—

—

Interest and other income, net
(42
)
52

226

184

4

64

1

2

NET INCOME (LOSS)
$
(1,885
)
$
1,999

$
2,417

$
1,872

$
1,552

$
579

$
466

$
913

 
 
 
 
 
 
 
 
 
NET INCOME (LOSS) PER COMMON SHARE
 
 
 
 
 
 
 
 
Net income (loss) per common share – Basic
$
(0.12
)
$
0.10

$
0.12

$
0.09

$
0.08

$
0.02

$
0.04

$
0.07

Net income (loss) per common share – Diluted
$
(0.12
)
$
0.10

$
0.12

$
0.09

$
0.08

$
0.02

$
0.04

$
0.07

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC
17,848

17,670

17,574

17,574

17,574

16,242

12,686

12,686

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED
17,848

17,670

17,574

17,574

17,574

16,242

12,816

12,819

DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD
$
0.4050

$
0.4025

$
0.4000

$
0.3975

$
0.3950

$
0.3925

$
0.3900

$
0.3875



Community Healthcare Trust / 4Q 2018 Supplemental Information
 
Page 6


PROPERTY LOCATIONS

Approximately 49% of our property revenues are in MSAs with populations over 1,000,000 and approximately 88% are in MSAs with populations over 100,000.
Property Name
Property
 Type
Address
City
State
Area
% of
Square
 Feet
Annualized
 Rent (1)
% of Annualized
 Rent
Population
MSA/MISA
Rank
 
 
 
 
 
 
 
($ 000's)
 
 
 
 
Chicago Behavioral Hospital
BF
1771 Rand Road
Des Plaines
IL
85,000
3.89
%
$
1,976.8

4.77
%
9,512,999

Chicago-Naperville-Elgin, IL-IN-WI
3
Presence Regional Cancer Center
SC
2614 Jefferson Street
Joliet
IL
44,888
2.06
%
$
1,651.1

3.99
%
9,512,999

Chicago-Naperville-Elgin, IL-IN-WI
3
Novamed Surgery Center
SCH
6309 West 95th Street
Oak Lawn
IL
30,455
1.40
%
$
641.0

1.55
%
9,512,999

Chicago-Naperville-Elgin, IL-IN-WI
3
Morris Cancer Center
SC
1600 West US Route 6
Morris
IL
18,470
0.85
%
$
563.8

1.36
%
9,512,999

Chicago-Naperville-Elgin, IL-IN-WI
3
Skin MD
PC
16105 South LaGrange Road
Orland Park
IL
13,565
0.62
%
$
462.7

1.12
%
9,512,999

Chicago-Naperville-Arlington Heights, IL
3
Future Diagnostics Group
SC
254 Republic Avenue
Joliet
IL
8,876
0.41
%
$
368.3

0.89
%
9,512,999

Chicago-Naperville-Elgin, IL-IN-WI
3
Joliet Oncology-Hematology Associates
PC
668 Cedar Crossing
New Lenox
IL
7,905
0.36
%
$
332.0

0.80
%
9,512,999

Chicago-Naperville-Elgin, IL-IN-WI
3
Presence
MOB
7380 N. Lincoln Ave.
Lincolnwood
IL
14,863
0.68
%
$
311.0

0.75
%
9,512,999

Chicago-Naperville-Arlington Heights, IL
3
Bayside Medical Center
MOB
4001 Preston Avenue
Pasadena
TX
49,738
2.28
%
$
733.4

1.77
%
6,772,470

Houston-The Woodlands-Sugar Land, TX
5
Northwest Surgery Center
SCH
5215 Hollister Street
Houston
TX
11,200
0.51
%
$
466.4

1.13
%
6,772,470

Houston-The Woodlands-Sugar Land, TX
5
Haddon Hill Professional Center
MOB
63 Kresson Road
Cherry Hill
NJ
24,567
1.13
%
$
440.1

1.06
%
6,070,500

Philadelphia-Camden-Wilmington, PA-NJ-OE-MO
7
Mountain View Surgery Center
SCH
3131 West Peoria Avenue
Phoenix
AZ
13,835
0.63
%
$
315.6

0.76
%
4,661,537

Phoenix-Mesa-Scottsdale, AZ
12
Desert Endoscopy Center
SCH
610 E. Baseline Road
Tempe
AZ
10,400
0.48
%
$
257.5

0.62
%
4,661,537

Phoenix-Mesa-Scottsdale, AZ
12
Continuum Wellness Center
PC
3941 E. Baseline Road
Gilbert
AZ
8,087
0.37
%
$
33.9

0.08
%
4,661,537

Phoenix-Mesa-Scottsdale, AZ
12
Berry Surgical Center
SCH
28500 Orchard Lake Road
Farmington Hills
MI
27,217
1.25
%
$
622.8

1.50
%
4,297,617

Detroit-Warren-Dearborn, MI
14
Associated Surgical Center of Dearborn
SCH
24420 Ford Road
Dearborn Heights
MI
12,400
0.57
%
$
359.4

0.87
%
4,297,617

Detroit-Warren-Dearborn, MI
14
Bay Area Physicians Surgery Center
SCH
6043 Winthrop Commerce Avenue
Riverview
FL
18,708
0.86
%
$
693.9

1.68
%
3,032,171

Tampa-St. Petersburg-Clearwater, FL
18
Liberty Dialysis
SC
4352 Trail Boss Drive
Castle Rock
CO
8,450
0.39
%
$
319.8

0.77
%
2,853,077

Denver-Aurora-Lakewood, CO
19
Eyecare Partners
SCH
3990 N Illinois Street
Swansea
IL
16,608
0.76
%
$
282.3

0.68
%
2,807,002

St. Louis, MO-IL
20
Eyecare Partners
PC
1111 W Lincoln
Belleville
IL
6,487
0.30
%
$
126.4

0.31
%
2,807,002

St. Louis, MO-IL
20
Eyecare Partners
PC
204 Bradford Lane
Waterloo
IL
6,311
0.29
%
$
45.0

0.11
%
2,807,002

St. Louis, MO-IL
20
Eyecare Partners
PC
1310 D'Adrian Professional Park
Godfrey
IL
5,560
0.25
%
$
41.2

0.10
%
2,807,002

St. Louis, MO-IL
20
Righttime Medical Care
SC
2114 Generals Highway
Annapolis
MD
6,236
0.29
%
$
280.6

0.68
%
2,798,886

Baltimore-Columbia-Towson, MD
21
Medical Village at Wintergarden
MOB
1210 E. Plant Street
Winter Garden
FL
21,648
0.99
%
$
533.0

1.29
%
2,441,257

Orlando-Kissimmee-Sanford, FL
23
Orthopaedic Associates of Osceola
PC
604 Oak Commons Boulevard
Kissimmee
FL
15,167
0.69
%
$
333.7

0.81
%
2,441,257

Orlando-Kissimmee-Sanford, FL
23
Bassin Center For Plastic-Surgery-Villages
PC
8575 NE 138th Lane Suites 103-104
Lady Lake
FL
2,894
0.13
%
$
153.7

0.37
%
2,441,257

Orlando-Kissimmee-Sanford, FL
23
Bassin Center For Plastic Surgery-Orlando
PC
422 Alafaya Trail #32
Orlando
FL
2,420
0.11
%
$
128.5

0.31
%
2,441,257

Orlando-Kissimmee-Sanford, FL
23
Assurance Health System
BF
11690 Grooms Road
Cincinnati
OH
14,381
0.66
%
$
506.5

1.22
%
2,165,139

Cincinnati, OH-KY-IN
28
Cavalier Medical & Dialysis Center
MOB
47 & 51 Cavalier Blvd
Florence
KY
37,084
1.70
%
$
339.1

0.82
%
2,165,139

Cincinnati, OH-KY-IN
28
Fresenius Florence Dialysis Center
SC
7205 Dixie Hwy
Florence
KY
17,631
0.81
%
$
274.5

0.66
%
2,165,139

Cincinnati, OH-KY-IN
28
Davita Commercial Way
SC
90 Commercial Way
Springboro
OH
4,980
0.23
%
$
101.4

0.24
%
2,165,139

Cincinnati, OH-KY-IN
28
 
 
 
(CONTINUED)
 
 


 


 
 
 

Community Healthcare Trust / 4Q 2018 Supplemental Information
 
Page 7


Property Name
Property
 Type
Address
City
State
Area
% of
Square
 Feet
Annualized
 Rent (1)
% of Annualized
 Rent
Population
MSA/MISA
Rank
 
 
 
 
 
 
 
($ 000's)
 
 
 
 
Vascular Access Centers of Southern Nevada
SC
3150 West Charleston
Las Vegas
NV
4,800
0.22
%
$
—

—
%
2,155,664

Las Vegas-Henderson-Paradise, NV
29
Prairie Star Medical Facility I
MOB
6815 Hilltop Road
Shawnee
KS
24,724
1.13
%
$
657.0

1.59
%
2,104,509

Kansas City, MO-KS
30
Prairie Star Medical Facility II
MOB
6850 Hilltop Road
Shawnee
KS
24,840
1.14
%
$
313.4

0.76
%
2,104,509

Kansas City, MO-KS
30
Rockside Medical Center
MOB
6701 Rockside Road
Independence
OH
55,119
2.53
%
$
1,332.9

3.22
%
2,055,612

Cleveland-Elyria, OH
32
Brook Park Medical Building
MOB
15900 Snow Road
Brook Park
OH
18,444
0.84
%
$
364.1

0.88
%
2,055,612

Cleveland-Elyria, OH
32
Sedalia Medical Center
MOB
5345 Hendron Road
Groveport
OH
20,064
0.92
%
$
297.4

0.72
%
2,041,520

Columbus, OH
33
Court Street Surgery Center
SCH
125 South Court Street
Circleville
OH
7,787
0.36
%
$
—

—
%
2,041,520

Columbus, OH
33
Kindred Hospital Indianapolis North
LTACH
Suite 2000 Box 82064, One American Square
Indianapolis
IN
37,270
1.71
%
$
1,384.7

3.34
%
2,004,230

Indianapolis-Carmel-Anderson, IN
34
Assurance Health System
BF
900 N High School Road
Indianapolis
IN
13,722
0.63
%
$
452.8

1.09
%
2,004,230

Indianapolis-Carmel-Anderson, IN
34
Assurance Health, LLC
BF
2725 Enterprise Drive
Anderson
IN
10,200
0.47
%
$
333.1

0.80
%
2,004,230

Indianapolis-Carmel-Anderson, IN
34
Virginia Orthopaedic & Spine Specialists
PC
3300 High Street
Portsmouth
VA
8,445
0.39
%
$
141.5

0.34
%
1,726,907

Virginia Beach-Norfolk-Newport News, VA-NC
37
Memphis Spine and Rehab Center
PC
11221 Latting Road
Eads
TN
11,669
0.53
%
$
103.9

0.25
%
1,342,842

Memphis, TN-MS-AR
42
Glastonbury
MOB
622 Hebron Avenue
Glastonbury
CT
50,787
2.33
%
$
832.7

2.01
%
1,206,836

Hartford-West Hartford-East Hartford, CT
47
Sterling Medical Center
MOB
200 Sterling Drive
Orchard Park
NY
28,702
1.31
%
$
405.8

0.98
%
1,132,804

Buffalo-Cheektowaga-Niagara Falls, NY
50
Cardiology Associates of Greater Waterbury
PC
455 Chase Parkway
Waterbury
CT
16,793
0.77
%
$
310.7

0.75
%
856,875

New Haven-Milford
65
Los Alamos Professional Plaza
MOB
427 E. Duranta Avenue
Alamo
TX
41,797
1.91
%
$
530.7

1.28
%
849,843

McAllen-Edinburg-Mission, TX
66
Columbia Gastroenterology Surgery Center
SCH
2739 Laurel Street
Columbia
SC
16,969
0.78
%
$
368.8

0.89
%
817,488

Columbia, SC
71
Davita Turner Road
SC
455 Turner Road
Dayton
OH
17,642
0.81
%
$
356.2

0.86
%
800,683

Dayton, OH
72
Davita Business Center Court
SC
1431 Business Center Court
Dayton
OH
13,048
0.60
%
$
248.1

0.60
%
800,683

Dayton, OH
72
Davita Springboro Pike
SC
4700 Springboro Pike
Dayton
OH
10,508
0.48
%
$
174.6

0.42
%
800,683

Dayton, OH
72
UH Walden Health Center
PC
1119 Aurora Hudson Road
Aurora
OH
11,000
0.50
%
$
320.5

0.77
%
702,221

Akron, OH
80
Novus Clinic
SCH
518 West Avenue
Tallmadge
OH
14,315
0.66
%
$
279.1

0.67
%
702,221

Akron, OH
80
Parkway Professional Plaza
MOB
4725 US Hwy 98 S
Lakeland
FL
41,706
1.91
%
$
685.9

1.66
%
666,149

Lakeland-Winter Haven, FL
82
UW Health Clinic- Portage
PC
2977 County Highway CX
Portage
WI
14,000
0.64
%
$
293.9

0.71
%
648,929

Madison, WI
86
Cypress Medical Center
MOB
9300 E. 29th Street North
Wichita
KS
43,223
1.98
%
$
909.8

2.20
%
644,672

Wichita, KS
87
Family Medicine East
PC
1709 S. Rock Road
Wichita
KS
16,581
0.76
%
$
410.8

0.99
%
644,672

Wichita, KS
87
Grene Vision Center
PC
655 N. Woodlawn Blvd
Wichita
KS
11,891
0.54
%
$
287.2

0.69
%
644,672

Wichita, KS
87
Daytona Medical Office
MOB
1620 Mason Avenue
Daytona Beach
FL
19,156
0.88
%
$
532.4

1.29
%
637,674

Deltona-Daytona Beach-Ormond Beach, FL
88
Medical Village at Debary
MOB
110 Pond Court
Debary
FL
22,315
1.02
%
$
155.8

0.38
%
637,674

Deltona-Daytona Beach-Ormond Beach, FL
88
Perrysburg Medical Arts Building
MOB
1103 Village Square Drive
Perrysburg
OH
24,134
1.11
%
$
381.8

0.92
%
605,221

Toledo, OH
91
St. Vincent Mercy Medical Center, Inc.
MOB
3930 Sunforest Court
Toledo
OH
23,368
1.07
%
$
301.4

0.73
%
605,221

Toledo, OH
91
Bassin Center For Plastic Surgery-Melbourne
PC
1705 Berglund Lane
Viera
FL
5,228
0.24
%
$
277.6

0.67
%
579,130

Palm Bay-Melbourne-Titusville, FL
95
Riverview Ambulatory Surgical Center
SCH
423 Third Avenue
Kingston
PA
24,040
1.10
%
$
529.3

1.28
%
555.225

Scranton--Wilkes-Barre--Hazleton, PA
99
Eynon Surgery Center
SCH
681 Scranton Carbondale Hwy
Eynon
PA
6,500
0.30
%
$
163.8

0.40
%
555.225

Scranton--Wilkes-Barre--Hazleton, PA
99
 
 
 
(CONTINUED)
 
 


 


 
 
 

Community Healthcare Trust / 4Q 2018 Supplemental Information
 
Page 8


Property Name
Property
 Type
Address
City
State
Area
% of
Square
 Feet
Annualized
 Rent (1)
% of Annualized
 Rent
Population
MSA/MISA
Rank
 
 
 
 
 
 
 
($ 000's)
 
 
 
 
Grandview Plaza
PC
802 New Holland Avenue
Lancaster
PA
20,000
0.92
%
$
285.6

0.69
%
538.5

Lancaster, PA
103
AMG Specialty Hospital - Lafayette
BF
310 Youngville Highway
Lafayette
LA
29,062
1.33
%
$
—

—
%
491.528

Lafayette, LA
108
Treasure Coast Medical Pavilion
MOB
3498 NW Federal Hwy #C
Jensen Beach
FL
56,703
2.60
%
$
671.4

1.62
%
465.208

Port St. Lucie, FL
111
Affinity Health Center
MOB
4455 Dressler Road NW
Canton
OH
47,366
2.17
%
$
707.1

1.71
%
401,281

Canton-Massillon, OH
134
Bristol Pediatric Associates
MOB
320 Steeles Road
Bristol
TN
10,975
0.50
%
$
225.4

0.54
%
306,334

Kingsport-Bristol-Bristol, TN-VA
162
Wellmont Bristol Urgent Care
SC
1220 Volunteer Parkway
Bristol
TN
4,548
0.21
%
$
65.9

0.16
%
306,334

Kingsport-Bristol-Bristol, TN-VA
162
Londonderry Centre
MOB
7030 New Sanger Avenue
Waco
TX
19,495
0.89
%
$
431.0

1.04
%
265,207

Waco, TX
181
Meridian Behavioral Health Systems
BF
300 56th SW
Charleston
WV
132,430
6.07
%
$
2,494.4

6.02
%
217,916

Charleston, WV
200
Gulf Coast Cancer Centers- Gulf Shores
SC
253 Professional Lane
Gulf Shores
AL
6,398
0.29
%
$
208.7

0.50
%
208,563

Daphne-Fairhope-Foley, AL
213
Gulf Coast Cancer Centers-Foley
SC
1703 North Bunner Street
Foley
AL
6,146
0.28
%
$
200.5

0.48
%
208,563

Daphne-Fairhope-Foley, AL
213
Fresenius Ft. Valley
SC
135 Avera Drive
Fort Valley
GA
4,920
0.23
%
$
90.8

0.22
%
190,028

Warner Robins, GA
227
Monroe Surgical Hosptial
SCH
2408 Broadmoor Blvd
Monroe
LA
58,121
2.66
%
$
2,115.2

5.11
%
179,470

Monroe, LA
235
Kedplasma
SC
505 East Webb Avenue
Burlington
NC
12,870
0.59
%
$
272.1

0.66
%
159,688

Burlington, NC
261
Provena Medical Center
MOB
600-680 N. Convent Street
Bourbonnais
IL
50,765
2.33
%
$
910.9

2.20
%
110,008

Kankakee, IL
357
Fresenius Gallipolis Dialysis Center
SC
137 Pine Street
Gallipolis
OH
14,890
0.68
%
$
159.3

0.38
%
56,840

Point Pleasant, WV-OH
546
Davita Etowah Dialysis Center
SC
109 Grady Road
Etowah
TN
4,720
0.22
%
$
68.8

0.17
%
52,850

Athens, TN
573
Fresenius Dialysis Center
SC
1321 W. 2nd Avenue
Corsicana
TX
17,699
0.81
%
$
132.0

0.32
%
48,523

Corsicana, TX
605
Arkansas Valley Surgery Center
SCH
933 Sell Avenue
Canon City
CO
10,853
0.50
%
$
220.1

0.53
%
47.446

Cañon City, CO
616
Ottumwa Medical Clinic
MOB
1005 Pennsylvania Avenue
Ottumwa
IA
79,594
3.65
%
$
915.0

2.21
%
43.842

Ottumwa, IA
657
Davita Dialysis
SC
330 Lola Lane
Pahrump
NV
12,545
0.57
%
$
420.5

1.02
%
43.423

Pahrump, NV
659
Eyecare Partners
PC
408 W Second Street
Centralia
IL
8,421
0.39
%
$
122.1

0.29
%
38.14

Centralia, IL
722
Sanderling Dialysis Center
SC
780 East Washington Boulevard
Crescent City
CA
4,186
0.19
%
$
263.2

0.64
%
27.54

Crescent City, CA
839
Tri Lakes Behavioral
BF
155 Keating Road
Batesville
MS
58,400
2.68
%
$
506.3

1.22
%
 City: 7,391; County: 34,164

RURAL - NO CBSA
N/A
Wellmont Assoicates Complex
MOB
338 Cueburn Avenue
Norton
VA
32,542
1.49
%
$
482.3

1.16
%
 City: 3,864; County: 39,228

RURAL - NO CBSA
N/A
Sanderling Dialysis Center
SC
102 Crestview Drive
Holdenville
OK
5,217
0.24
%
$
248.7

0.60
%
 City: 5,680; County: 13,566

RURAL - NO CBSA
N/A
Dahlonega Medical Mall
MOB
134 Ansley Drive
Dahlonega
GA
23,114
1.06
%
$
189.3

0.46
%
 City: 6,437; County: 31,445

RURAL - NO CBSA
N/A
Rettig Family Healthcare
PC
204 W Trinity Street
Groesbeck
TX
12,000
0.55
%
$
180.0

0.43
%
 City: 4,321; County: 23,468

RURAL - NO CBSA
N/A
Haleyville Physicians Professional Building
MOB
42030 Hwy 195 East
Haleyville
AL
29,515
1.35
%
$
148.1

0.36
%
 City: 4,074; County: 23,805

RURAL - NO CBSA
N/A
Russellville Medical Plaza
MOB
15155 Hwy 43 NE
Russellville
AL
29,129
1.33
%
$
146.2

0.35
%
 City: 9,815; County: 31,628

RURAL - NO CBSA
N/A
Amory Regional Medical Center
MOB
1111 Earl Frye Blvd, 
Amory
MS
27,743
1.27
%
$
132.6

0.32
%
 City: 7,067; County: 35,873

RURAL - NO CBSA
N/A
Gulf Coast Cancer Centers-Brewton
SC
1207 Azalea Place
Brewton
AL
3,971
0.18
%
$
129.5

0.31
%
 City: 5,432; County: 37,728

RURAL - NO CBSA
N/A
 
 
 
(CONTINUED)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Community Healthcare Trust / 4Q 2018 Supplemental Information
 
Page 9


Property Name
Property
 Type
Address
City
State
Area
% of
Square
 Feet
Annualized
 Rent (1)
% of Annualized
 Rent
Population
MSA/MISA
Rank
 
 
 
 
 
 
 
($ 000's)
 
 
 
 
Wellmont Lebanon Urgent Care
SC
344 Overlook Drive
Lebanon
VA
8,369
0.38%

$
97.7

0.24%

 City: 3,285; County: 27370

RURAL - NO CBSA
N/A
Amory Regional Medical Center
MOB
1127 Earl Frye Blvd
Amory
MS
18,074
0.83%

$
86.4

0.21%

 City: 7,067; County: 35,873

RURAL - NO CBSA
N/A
Amory Regional Medical Center
MOB
1107 Earl Frye Blvd
Amory
MS
17,629
0.81%

$
84.2

0.20%

 City: 7,067; County: 35,873

RURAL - NO CBSA
N/A
Wellmont Norton Urgent Care
SC
1014 Park Avenue
Norton
VA
5,000
0.23%

$
57.5

0.14%

 City: 3,864; County: 39,228

RURAL - NO CBSA
N/A
Amory Regional Medical Center
MOB
404 Gilmore Drive
Amory
MS
9,890
0.45%

$
47.3

0.11%

 City: 7,067; County: 35,873

RURAL - NO CBSA
N/A
Batesville Regional Medical Center
MOB
205 Medical Center Dr
Batesville
MS
9,263
0.42%

$
44.3

0.11%

 City: 7,391; County: 34,164

RURAL - NO CBSA
N/A
Amory Regional Medical Center
MOB
305 Highway 45N
Aberdeen
MS
3,378
0.15%

$
16.1

0.04%

 City: 5,391; County: 35,873

RURAL - NO CBSA
N/A
 
 
 
 
 
 
 
 
 
 
 
 
(1) Annualized rent was calculated by multiplying base rent for the month of December 2018 by 12.

Community Healthcare Trust / 4Q 2018 Supplemental Information
 
Page 10


INVESTMENT ACTIVITY


2018 INVESTMENT ACTIVITY
 
 
 
 
 
 
 
 
 
 
 
Location
Property
Type
Acquisition Date
Purchase Price (in thousands)
Square Feet
Aggregate Leased
% at Acquisition
Property Acquisitions:
 
 
 
 
 
 
Kissimmee, FL
PC
3/15/2018
$
3,736

15,167

100.0
%
 
Crescent City, CA
SC
3/30/2018
2,400

4,186

100.0
%
 
Morris, IL
SC
3/30/2018
6,544

18,470

100.0
%
 
Tallmadge, OH
SCH
6/21/2018
3,100

14,315

100.0
%
 
Kingston, PA
SCH
6/22/2018
4,102

24,040

100.0
%
 
Youngsville, LA (1)
BF
4/25/2018
4,518

29,890

—
%
 
Waterbury, CT
PC
7/30/2018
3,450

16,793

100.0
%
 
Groveport, OH
MOB
9/21/2018
3,200

20,064

87.8
%
 
Centralia, IL
PC
11/7/2018
1,350

8,421

100.0
%
 
Godfrey, IL
PC
11/7/2018
450

5,560

100.0
%
 
Waterloo, IL
PC
11/7/2018
475

3,211

100.0
%
 
Belleville, IL
PC
11/7/2018
1,350

6,487

100.0
%
 
Swansea, IL
SCH
11/7/2018
3,075

16,608

100.0
%
 
Dayton, OH
SC
11/19/2018
2,700

17,642

100.0
%
 
Dayton, OH
SC
11/19/2018
1,060

10,508

73.4
%
 
Dayton, OH
SC
11/19/2018
1,675

13,048

84.0
%
 
Springboro, OH
SC
11/19/2018
715

4,980

100.0
%
 
Glastonbury, CT
MOB
11/30/2018
8,250

50,519

100.0
%
 
Annapolis, MD
SC
11/21/2018
2,950

6,236

100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total / Weighted Average
 
 
$
55,100

286,145

87.0
%
 
 
 
 
 
 
Note Fundings:
 
 
 
 
 
 
various
LTACH
4/25/2018
23,000

 
 
 
 
 
 
 
 
 
 
 
 
 
$
23,000

 
 
 
Total
 
 
$
78,100

 
 

(1) This property previously secured a mortgage note receivable held by the Company.

Community Healthcare Trust / 4Q 2018 Supplemental Information
 
Page 11


LEASING INFORMATION


LEASE EXPIRATION SCHEDULE (1) 


 
 
Total Leased Square Footage
Annualized Lease Revenue
Year
Number of
Leases
Expiring
Amount
Percent (%)
Amount ($)
(in thousands)
Percent (%)
2019
38

169,388

8.8
%
3,940,570

9.6
%
2020
37

194,355

10.1
%
3,744,096

9.1
%
2021
23

172,701

8.9
%
3,500,797

8.5
%
2022
29

193,158

10.0
%
4,185,454

10.2
%
2023
36

210,555

10.9
%
4,114,601

10.0
%
2024
6

42,856

2.2
%
1,178,361

2.9
%
2025
11

116,188

6.0
%
3,480,445

8.5
%
2026
8

132,491

6.9
%
3,179,473

7.7
%
2027
2

18,651

1.0
%
434,027

1.1
%
2028
3

41,573

2.2
%
591,952

1.4
%
Thereafter
28

633,448

32.7
%
12,662,399

30.8
%
Month-to-Month
4

5,600

0.3
%
84,570

0.2
%
Totals
225

1,930,964

100.0
%
$
41,096,745

100.0
%

(1) Total portfolio was approximately 88.8% leased in the aggregate at December 31, 2018 with lease expirations ranging from 2019 through 2034.





Community Healthcare Trust / 4Q 2018 Supplemental Information
 
Page 12


PROPERTY DIVERSIFICATION



chart-77a5e116fd2f58c4ac9.jpg
Property Type (1)
Number of
Properties

Annualized
Rent (1)
($ in thousands)
Annualized Rent
(%)
Medical Office Building (MOB)
35
$
15,295

36.9
%
Surgical Centers and Hospitals (SCH)
15
7,315

17.7
%
Specialty Centers (SC)
25
6,754

16.3
%
Behavioral Facilities (BF) 
7
6,270

15.1
%
Physician Clinics (PC)
20
4,391

10.7
%
Long-term Acute Care Hospitals (LTACH)
1
1,385

3.3
%
Total
103
$
41,410

100.0
%
______________________
 
 
 
(1) Annualized rent was calculated based on the contractual monthly rent amount for December 2018.














Community Healthcare Trust / 4Q 2018 Supplemental Information
 
Page 13



PROPERTY DIVERSIFICATION
(continued)



chart-4ef7e5e6f4c6539f8be.jpg

State
Number of
Properties
Annualized
Rent (1)
($ in thousands)
Annualized
Rent
(%)
ILLINOIS
14
$
7,835

18.9
%
OHIO
15
5,531

13.4
%
FLORIDA
10
4,166

10.1
%
KANSAS
5
2,578

6.2
%
WEST VIRGINIA
1
2,494

6.0
%
TEXAS
6
2,473

6.0
%
INDIANA
3
2,171

5.2
%
LOUISIANA
2
2,115

5.1
%
Other (Less than 3%)
47
12,047

29.1
%
Total
103
$
41,410

100.0
%
_________________
 
 
 
(1) Annualized rent was calculated based on the contractual monthly rent amount for December 2018.







Community Healthcare Trust / 4Q 2018 Supplemental Information
 
Page 14



PROPERTY DIVERSIFICATION
(continued)


chart-00a08ebd988a573ebc8.jpg

Tenant
Annualized
Rent (1)
($ in thousands)
Annualized Rent
(%)
Highland Health
$
2,494

6.0
%
AMITA Health
2,449

5.9
%
Blue Cross Blue Shield of Louisiana
2,115

5.1
%
US Healthvest
1,977

4.8
%
Assurance Health
1,653

4.0
%
Kindred Healthcare
1,385

3.3
%
Davita Inc.
1,307

3.2
%
All Others (Less than 3%)
28,030

67.7
%
Total
$
41,410

100.0
%
 
 
 
(1) Annualized rent was calculated based on the contractual monthly rent amount for December 2018.


            


Community Healthcare Trust / 4Q 2018 Supplemental Information
 
Page 15