EX-99.2 3 supplementalinfo2022q3.htm EX-99.2 Document


                Exhibit 99.2
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CHCT
LISTED
NYSE
                
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SUPPLEMENTAL INFORMATION
Q3 2022

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Community Healthcare Trust3Q 2022 | 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



Community Healthcare Trust3Q 2022 | Supplemental Information

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COMPANY SNAPSHOT
                                                        
September 30, 2022
Gross real estate investments (in thousands) (1)
$889,974 
Total properties161 
% Leased90.8 %
Total square feet owned3,545,570 
Weighted Average remaining lease term (years)7.8 
Cash and cash equivalents and restricted cash (in thousands)$3,338 
Debt to Total Capitalization32.8 %
Weighted average interest rate per annum on Revolving Line of Credit4.47 %
Weighted average interest rate per annum on Term Loans3.79 %
Equity market cap (in millions)$828.5 
Quarterly dividend paid in the period (per share)$0.4425 
Quarter end stock price (per share)$32.75 
Dividend yield5.40 %
Common shares outstanding25,299,158 
___________
(1) Includes a portion of one property accounted for as a financing lease.

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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
Timothy G. WallaceAlan GardnerRobert HensleyClaire GulmiR. Lawrence Van HornCathrine Cotman
Chairman
of the Board
Lead Independent
Director
Audit Committee
Chair
Compensation Committee
Chair
ESG Committee
Chair
Board
member
EXECUTIVE MANAGEMENT TEAM
Timothy G. WallaceDavid H. DupuyLeigh Ann StachTimothy 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 SandlerM. Lewis - Truist Securities
S. Sakwa - Evercore ISIR. Stevenson - Janney Capital Markets
B. Maher - B. Riley FBRD. Toti - Colliers International Securities
D. Rodgers - Baird
PROFESSIONAL SERVICES
Independent Registered Public Accounting Firm Transfer Agent
BDO USA, LLPAmerican Stock Transfer & Trust Company, LLC
501 Commerce Street, Suite 1400Operations Center
Nashville, TN 37203
6201 15th Avenue
Brooklyn, NY 11219
1-800-937-5449


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FINANCIAL HIGHLIGHTS
Three Months Ended
3Q 20222Q 20221Q 20224Q 20213Q 2021
(Unaudited and in thousands, except per share data)
INCOME STATEMENT ITEMS
Revenues$24,807 $24,049 $23,481 $23,242 $23,254 
Net income$5,673 $5,584 $5,524 $6,113 $5,354 
NOI$20,480 $19,987 $19,390 $19,707 $19,205 
EBITDAre
$16,725 $16,432 $16,075 $16,553 $15,999 
Adjusted EDITDAre
$19,189 $18,616 $18,197 $18,550 $18,003 
FFO$13,751 $13,725 $13,525 $13,760 $13,225 
AFFO$15,362 $14,992 $14,827 $14,901 $14,334 
Per Diluted Share:
Net income attributable to common shareholders$0.21 $0.21 $0.21 $0.23 $0.20 
FFO$0.57 $0.57 $0.56 $0.57 $0.55 
AFFO$0.63 $0.62 $0.61 $0.61 $0.59 
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FINANCIAL HIGHLIGHTS (Continued)
As of
3Q 20222Q 20221Q 20224Q 20213Q 2021
(Unaudited and dollars in thousands)
BALANCE SHEET ITEMS
ASSETS
Total real estate properties$886,958 $866,481 $840,755 $834,085 $820,201 
Total assets$811,929 $786,034 $761,230 $754,233 $747,592 
CAPITALIZATION
Net debt$310,781 $291,726 $269,670 $265,625 $257,560 
Total capitalization$946,307 $913,737 $881,769 $860,793 $844,474 
Net debt/total capitalization32.8 %31.9 %30.6 %30.9 %30.5 %
Market valuation$828,547 $908,844 $1,058,303 $1,180,923 $1,128,950 
Enterprise value$1,135,990 $1,198,212 $1,326,274 $1,443,681 $1,384,413 
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CONSOLIDATED BALANCE SHEETS
As of
3Q 20222Q 20221Q 20224Q 20213Q 2021
ASSETS
(Unaudited; Dollars and shares in thousands, except per share data)
Real estate properties
Land and land improvements
$103,413 $101,909 $98,561 $97,397 $95,514 
Buildings, improvements, and lease intangibles
783,308 764,338 741,969 736,465 724,465 
Personal property
237 234 225 223 222 
Total real estate properties
886,958 866,481 840,755 834,085 820,201 
Less accumulated depreciation
(157,040)(149,049)(140,985)(133,056)(125,243)
Total real estate properties, net
729,918 717,432 699,770 701,029 694,958 
Cash and cash equivalents
2,656 1,699 1,178 2,351 1,641 
Restricted cash
682 659 521 516 456 
Other assets, net
78,673 66,244 59,761 50,337 50,537 
Total assets
$811,929 $786,034 $761,230 $754,233 $747,592 
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net
$310,781 $291,726 $269,670 $265,625 $257,560 
Accounts payable and accrued liabilities
8,143 7,219 6,894 7,845 6,910 
Other liabilities, net
14,519 14,127 13,552 18,651 21,451 
Total liabilities
333,443 313,072 290,116 292,121 285,921 
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
253 251 251 250 250 
Additional paid-in capital
601,968 599,631 597,548 595,624 593,717 
Cumulative net income
75,904 70,231 64,647 59,123 53,010 
Accumulated other comprehensive gain (loss)
21,468 12,761 7,542 (4,980)(8,269)
Cumulative dividends
(221,107)(209,912)(198,874)(187,905)(177,037)
Total stockholders’ equity
478,486 472,962 471,114 462,112 461,671 
Total liabilities and stockholders' equity
$811,929 $786,034 $761,230 $754,233 $747,592 

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CONSOLIDATED STATEMENTS OF INCOME
Three Months Ended
3Q 20222Q 20221Q 20224Q 20213Q 2021
(Unaudited; Dollars and shares in thousands, except per share data)
REVENUES
Rental income
$23,919 $23,197 $22,604 $22,428 $22,447 
Other operating interest
888 852 877 814 807 
24,807 24,049 23,481 23,242 23,254 
EXPENSES
Property operating
4,327 4,062 4,091 3,535 4,051 
        General and administrative (1)
3,762 3,610 3,316 3,155 3,206 
Depreciation and amortization
8,003 8,077 7,942 7,825 7,812 
16,092 15,749 15,349 14,515 15,069 
INCOME BEFORE INCOME TAXES AND OTHER ITEMS
8,715 8,300 8,132 8,727 8,185 
Gain on sale of real estate
— — — 237 — 
Interest expense
(3,028)(2,755)(2,626)(2,789)(2,788)
Deferred income tax (expense) benefit
(21)(16)17 (63)(45)
Interest and other income
55 
NET INCOME
$5,673 $5,584 $5,524 $6,113 $5,354 
NET INCOME PER COMMON SHARE
NET INCOME PER DILUTED COMMON SHARE
$0.21 $0.21 $0.21 $0.23 $0.20 
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
23,587 23,578 23,570 23,566 23,472 
DIVIDENDS DECLARED, PER COMMON SHARE, IN THE PERIOD
$0.4425 $0.4400 $0.4375 $0.4350 $0.4325 
                                      
(1) GENERAL AND ADMINISTRATIVE EXPENSES:
Non-cash vs. Cash:
     Non-cash (stock-based compensation)
65.5 %60.5 %64.0 %63.3 %62.5 %
     Cash
34.5 %39.5 %36.0 %36.7 %37.5 %
As a % of Revenue:
     Non-cash (stock-based compensation)
9.9 %9.1 %9.0 %8.5 %8.6 %
     Cash
5.2 %5.9 %5.1 %4.9 %5.2 %

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RECONCILIATION OF NON-GAAP MEASURES
FUNDS FROM OPERATIONS (FFO)
ADJUSTED FUNDS FROM OPERATIONS (AFFO)
Three Months Ended
3Q 20222Q 20221Q 20224Q 20213Q 2021
(Unaudited; Dollars and shares in thousands, except per share data)
NET INCOME$5,673 $5,584 $5,524 $6,113 $5,354 
Real estate depreciation and amortization8,078 8,141 8,001 7,884 7,871 
Gain on sale of real estate— — — (237)— 
FFO$13,751 $13,725 $13,525 $13,760 $13,225 
Straight-line rent(853)(917)(820)(856)(895)
Stock-based compensation2,464 2,184 2,122 1,997 2,004 
AFFO$15,362 $14,992 $14,827 $14,901 $14,334 
FFO PER COMMON SHARE $0.57 $0.57 $0.56 $0.57 $0.55 
AFFO PER COMMON SHARE$0.63 $0.62 $0.61 $0.61 $0.59 
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING24,312 24,247 24,344 24,306 24,220 
AFFO, ADJUSTED FOR ACQUISITIONS (1)
AFFO$15,362 $14,992 $14,827 $14,901 $14,334 
Revenue on Properties Acquired in the period (2)308 302 132 220 131 
Property operating expense adjustment (2)(4)(31)(59)(75)(28)
AFFO, ADJUSTED FOR ACQUISITIONS$15,666 $15,263 $14,900 $15,046 $14,437 
                                   
(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.
AMORTIZATION OF DEFERRED COMPENSATION
Amortization Required by GAAP (3)$2,464 $2,184 $2,122 $1,997 $2,004 
Amortization Based on Legal Vesting Periods1,822 1,701 1,671 1,474 1,457 
Acceleration of Amortization$642 $483 $451 $523 $547 
                                   
(3) GAAP requires that deferred compensation be amortized over the earlier of the vesting or retirement eligibility date.

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RECONCILIATION OF NON-GAAP MEASURES (CONTINUED)
NET OPERATING INCOME (NOI)
Three Months Ended
3Q 20222Q 20221Q 20224Q 20213Q 2021
(Unaudited; Dollars and shares in thousands, except per share data)
NET OPERATING INCOME
Net income$5,673 $5,584 $5,524 $6,113 $5,354 
General and administrative3,762 3,610 3,316 3,155 3,206 
Depreciation and amortization8,003 8,077 7,942 7,825 7,812 
Gain on sale of depreciable real estate— — — (237)— 
Interest expense3,028 2,755 2,626 2,789 2,788 
Deferred Income tax expense (benefit)21 16 (17)63 45 
Interest and other income, net(7)(55)(1)(1)(2)
NOI$20,480 $19,987 $19,390 $19,707 $19,203 
EBITDAre and ADJUSTED EBITDAre
EBITDAre
Net income$5,673 $5,584 $5,524 $6,113 $5,354 
Interest expense3,028 2,755 2,626 2,789 2,788 
Depreciation and amortization8,003 8,077 7,942 7,825 7,812 
Deferred Income tax expense (benefit)21 16 (17)63 45 
Gain on sale of depreciable real estate— — — (237)— 
EBITDAre
$16,725 $16,432 $16,075 $16,553 $15,999 
Non-cash stock-based compensation expense2,464 2,184 2,122 1,997 2,004 
ADJUSTED EBITDAre
$19,189 $18,616 $18,197 $18,550 $18,003 
ADJUSTED EBITDAre ANNUALIZED (1)
$76,756 

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



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WEIGHTED AVERAGE SHARES
Three Months Ended
3Q 20222Q 20221Q 20224Q 20213Q 2021
(Unaudited; Dollars and shares in thousands, except per share data)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Weighted average common shares outstanding25,221 25,087 25,060 24,982 24,826 
Unvested restricted shares
(1,634)(1,509)(1,490)(1,416)(1,354)
Weighted average common shares outstanding - EPS
23,587 23,578 23,570 23,566 23,472 
Weighted average common shares outstanding - FFO Basic
23,587 23,578 23,570 23,566 23,472 
Dilutive potential common shares (from below) 725 669 774 740 748 
Weighted average common shares outstanding - FFO Diluted24,312 24,247 24,344 24,306 24,220 
TREASURY SHARE CALCULATION
Unrecognized deferred compensation-end of period$36,364 $30,886 $32,087 $29,943 $32,215 
Unrecognized deferred compensation-beginning of period$30,886 $32,087 $29,943 $32,215 $26,600 
Average unrecognized deferred compensation$33,625 $31,487 $31,015 $31,079 $29,408 
Average share price per share$36.97 $37.47 $43.30 $45.93 $48.49 
Treasury shares909 840 716 676 606 
Unvested restricted shares1,634 1,509 1,490 1,416 1,354 
Treasury shares(909)(840)(716)(676)(606)
Dilutive potential common shares725 669 774 740 748 


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EXECUTIVE COMPENSATION
Performance Based Incentive Compensation
Name and PositionYearTotal
Compensation
Salary
Taken In
Stock (1)
Other (2)Bonus
Stock (1)
Alignment
of Interest
Stock (3)
1-Year Total
Shareholder
 Return
 Stock
3-Year Total
Shareholder
 Return
 Stock
5-Year Total Shareholder Return
 Stock
Total
Performance
Based
Incentive
Compensation
Percent
of Total
Timothy G. Wallace2021$4,788,861 $750,000 $11,650 $862,500 $1,621,703 $— $771,504 $771,504 $4,027,211 84.1 %
Chief Executive Officer and
President
2020$3,737,563 $645,000 $13,382 $548,250 $1,402,181 $483,750 $645,000 $— $3,079,181 82.4 %
2019$2,595,964 $540,000 $10,800 $216,000 $884,164 $405,000 $540,000 $— $2,045,164 78.8 %
David H. Dupuy (4)
2021$3,183,341 $460,000 $253,262 $529,000 $994,675 $— $473,202 $473,202 $2,470,079 77.6 %
Executive Vice President and
Chief Financial Officer
2020$2,451,981 $392,000 $188,572 $333,200 $852,209 $294,000 $392,000 $— $1,871,409 76.3 %
2019$1,383,110 $233,333 $192,729 $23,333 $321,215 $262,500 $350,000 $— $957,048 69.2 %
Leigh Ann Stach2021$2,472,513 $387,600 $3,648 $445,740 $838,123 $— $398,701 $398,701 $2,081,265 84.2 %
Executive Vice President and
Chief Accounting Officer
2020$1,895,617 $326,800 $8,734 $277,780 $710,403 $245,100 $326,800 $— $1,560,083 82.3 %
2019$1,274,444 $266,000 $1,000 $106,400 $435,544 $199,500 $266,000 $— $1,007,444 79.0 %
Timothy L. Meyer (5)2021$917,202 $280,000 $14,789 $165,000 $457,413 $— $— $— $622,413 67.9 %
Executive Vice President -
Asset Management
(1) Each Executive Officer has elected to take 100% of their salary and cash bonus in deferred stock with an 8-year cliff vesting.
(2) Other includes employer contributions to the executive officer's health savings account (HSA) and 401(k); moving and relocation expenses for Mr. Dupuy in 2019; the value of the grant of 5,000 shares of restricted stock to Mr. Dupuy in each of the years 2019, 2020 and 2021, and the value of the grant of 260 shares of restricted stock to Mr. Meyer in 2021.
(3) Alignment of interest stock grants per the Alignment Interest Program which is part of the Company's Incentive Plan.
(4) Mr. Dupuy joined the Company on May 1, 2019.
(5) Mr. Meyer joined the Company on July 1, 2019 and was promoted to Executive Vice President on October 1, 2021.
CEO Pay Ratios
CEO and
President
Median
Employee
Average
Employee (1)
Lowest Paid
Employee (1)
Cash$— $113,500 $106,841 $53,000 
Compensation Taken in Stock4,777,211 75,000 303,712 — 
Other Compensation11,650 2,672 4,187 — 
Total Compensation$4,788,861 $191,172 $414,740 $53,000 
CEO to Employee Ratio25:112:190:1
___________
(1) Excludes part-time employees who worked less than 20 hours per week.
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DEBT SUMMARY
As of September 30, 2022
Principal
Balance
Stated
Rate
Hedged
Rate
(in thousands)
Revolving credit facility$57,000 4.47 %— 
Term loan A-250,000 1.85 %4.18 %
Term loan A-375,000 2.05 %4.28 %
Term loan A-4125,000 2.05 %3.34 %
Total Credit Facility307,000 
Secured mortgage loan4,977 4.98 %— 
Debt311,977 
Deferred Financing Costs, net(1,196)
Debt, net$310,781 

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Select CovenantsRequired3Q 2022
Leverage ratio≤ 60.0%33.8 %
Fixed charge coverage ratio≥ 1.50x6.04
Tangible net worth (in thousands)≥ $450,273$609,921
Secured indebtedness≤ 30.0%0.5 %
Minimum debt service coverage ratio≥ 2.06.92

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2022 PROPERTY ACQUISITIONS
PropertyMarketProperty
Type
Date
Acquired
% Leased at Acquisition
Purchase
 Price
(in thousands)
Square Feet
Granite CircleToledo, OHMOB03/09/22100.0 %$2,606 17,465 
Fremont Medical Office BuildingFremont, NEMOB03/09/22100.0 %3,232 12,850 
Rehabilitation Hospital of Northern CincinnatiCincinnati, OHIRF05/12/22100.0 %23,500 37,720 
Sanford West Behavioral FacilityMarne, MIBSF09/01/22100.0 %13,238 96,886 
Mercy One Physicians ClinicDes Moines, IAPC09/20/22100.0 %4,272 17,318 
100.0 %$46,848 182,239 
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PORTFOLIO DIVERSIFICATION
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Property Type Annualized Rent (%)
Medical Office Building (MOB)29.1 %
Inpatient Rehabilitation Facilities (IRF)19.0 %
Acute Inpatient Behavioral (AIB)16.2 %
Specialty Centers (SC)12.7 %
Physician Clinics (PC)9.8 %
Surgical Centers and Hospitals (SCH)5.8 %
Behavioral Specialty Facilities (BSF)5.6 %
Long-term Acute Care Hospitals (LTACH)1.8 %
Total100.0 %


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StateAnnualized
Rent (%)
Texas (TX)15.9 %
Ohio (OH)12.7 %
Illinois (IL)12.6 %
Florida (FL)6.5 %
Massachusetts (MA)4.2 %
Pennsylvania (PA)4.2 %
All Others (Less than 4%)43.9 %
Total100.0 %


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TenantAnnualized
Rent (%)
Everest Rehabilitation (Everest)10.9 %
US Healthvest9.3 %
Genesis Care (Genesis)4.3 %
All Others (Less than 4%)75.5 %
Total100.0 %
            

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LEASE EXPIRATIONS
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Total Leased Sq. Ft.Annualized Rent
YearNumber of
Leases Expiring
AmountPercent (%)
Amount ($)
(thousands)
Percent (%)
20227,528 0.2 %$135 0.2 %
202359 314,263 9.8 %6,429 7.8 %
202439 243,766 7.6 %4,982 6.0 %
202537 294,816 9.2 %7,814 9.4 %
202637 314,547 9.8 %7,196 8.7 %
202730 180,828 5.6 %3,689 4.4 %
202818 203,403 6.3 %3,862 4.7 %
202914 213,403 6.6 %5,602 6.8 %
203014 138,293 4.3 %3,587 4.3 %
2031211,646 6.6 %5,599 6.8 %
Thereafter41 1,072,491 33.3 %33,508 40.3 %
Month-to-Month11 23,852 0.7 %536 0.6 %
Totals312 3,218,836 100.0 %$82,939 100.0 %
Total portfolio was approximately 90.8% leased in the aggregate at September 30, 2022 with lease expirations ranging from 2022 through 2039.

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PROPERTY LOCATIONS
                                                                            
Approximately 52% of our property revenues are in MSAs with populations over 1,000,000 and approximately 91% are in MSAs with populations over 100,000.
Property NameProperty
 Type
Area% of
Square
 Feet
Annualized
 Rent ($000's)
% of Annualized
 Rent
PopulationMSA/MISARank
Lancaster MOBMOB10,646 0.30%$373.0 0.45%13,200,998Los Angeles-Long Beach-Anaheim, CA2
Future Diagnostics GroupSC8,876 0.25%$383.2 0.46%9,618,502Chicago-Naperville-Elgin, IL-IN-WI3
Gurnee Medical Office BuildingMOB22,943 0.65%$133.1 0.16%9,618,502Chicago-Naperville-Elgin, IL-IN-WI3
Joliet Oncology-Hematology AssociatesPC7,905 0.22%$366.5 0.44%9,618,502Chicago-Naperville-Elgin, IL-IN-WI3
Morris Cancer CenterMOB18,470 0.52%$607.5 0.73%9,618,502Chicago-Naperville-Elgin, IL-IN-WI3
Center for Reconstructive Surgery - Oak LawnMOB33,356 0.94%$403.3 0.49%9,618,502Chicago-Naperville-Elgin, IL-IN-WI3
PresencePC14,863 0.42%$304.7 0.37%9,618,502Chicago-Naperville-Elgin, IL-IN-WI3
Presence Regional Cancer CenterSC44,888 1.27%$1,431.6 1.73%9,618,502Chicago-Naperville-Elgin, IL-IN-WI3
Skin MDPC13,565 0.38%$500.5 0.60%9,618,502Chicago-Naperville-Elgin, IL-IN-WI3
Chicago Behavioral HospitalAIB85,000 2.40%$2,139.7 2.58%9,618,502Chicago-Naperville-Elgin, IL-IN-WI3
US HealthVest - LakeAIB83,658 2.36%$2,877.5 3.47%9,618,502Chicago-Naperville-Elgin, IL-IN-WI3
Texas Rehabilitation Hospital of Fort Worth, LLCIRF39,761 1.12%$1,949.2 2.35%7,637,387Dallas-Fort Worth-Arlington, TX4
Bayside Medical CenterMOB50,593 1.43%$868.4 1.05%7,122,240Houston-The Woodlands-Sugar Land, TX5
Clear Lake Institute for RehabilitationIRF55,646 1.57%$2,842.1 3.43%7,122,240Houston-The Woodlands-Sugar Land, TX5
Northwest Surgery CenterSCH11,200 0.32%$— —%7,122,240Houston-The Woodlands-Sugar Land, TX5
Gessner Road MOBMOB14,360 0.41%$294.7 0.36%7,122,240Houston-The Woodlands-Sugar Land, TX5
Haddon Hill Professional CenterMOB24,567 0.69%$286.1 0.35%6,245,051Philadelphia-Camden-Wilmington, PA-NJ-DE-MD7
Hopebridge - WestlakeBSF15,057 0.42%$226.5 0.27%6,245,051Philadelphia-Camden-Wilmington, PA-NJ-DE-MD7
Continuum Wellness CenterMOB8,227 0.23%$158.5 0.19%4,845,832Phoenix-Mesa-Chandler, AZ11
Desert Endoscopy CenterSCH11,722 0.33%$270.4 0.33%4,845,832Phoenix-Mesa-Chandler, AZ11
Mountain View Surgery CenterSCH14,046 0.40%$323.1 0.39%4,845,832Phoenix-Mesa-Chandler, AZ11
Associated Surgical Center of DearbornSCH12,400 0.35%$404.5 0.49%4,392,041Detroit-Warren-Dearborn, MI14
Berry Surgical CenterSCH27,217 0.77%$603.4 0.73%4,392,041Detroit-Warren-Dearborn, MI14
Smokey Point Behavioral HospitalAIB70,100 1.98%$2,731.8 3.29%4,018,762Seattle-Tacoma-Bellevue, WA15
Sanderling DialysisSC11,300 0.32%$402.5 0.49%3,298,634San Diego-Chula Vista-Carlsbad, CA17
Bay Area Physicians Surgery CenterMOB18,708 0.53%$267.3 0.32%3,175,275Tampa-St. Petersburg-Clearwater, FL18
Liberty DialysisSC8,450 0.24%$267.9 0.32%2,963,821Denver-Aurora-Lakewood, CO19
Eyecare PartnersPC6,487 0.18%$139.0 0.17%2,820,253St. Louis, MO-IL21
Eyecare PartnersPC5,560 0.16%$45.3 0.06%2,820,253St. Louis, MO-IL21
Eyecare PartnersSCH16,608 0.47%$310.6 0.37%2,820,253St. Louis, MO-IL21
Eyecare PartnersPC6,311 0.18%$49.5 0.06%2,820,253St. Louis, MO-IL21
Righttime Medical CareSC6,236 0.18%$304.9 0.37%2,844,510Baltimore-Columbia-Towson, MD20
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Property NameProperty
 Type
Area% of
Square
 Feet
Annualized
 Rent ($000's)
% of Annualized
 Rent
PopulationMSA/MISARank
Waters Edge MedicalMOB23,388 0.66%$512.8 0.62%2,844,510Baltimore-Columbia-Towson, MD20
Bassin Center For Plastic-Surgery-VillagesPC2,894 0.08%$166.0 0.20%2,673,376Orlando-Kissimmee-Sanford, FL22
Bassin Center For Plastic Surgery-OrlandoPC2,420 0.07%$138.8 0.17%2,673,376Orlando-Kissimmee-Sanford, FL22
Kissimmee Physicians ClinicPC4,902 0.14%$107.1 0.13%2,673,376Orlando-Kissimmee-Sanford, FL22
Orthopaedic Associates of OsceolaPC15,167 0.43%$347.2 0.42%2,673,376Orlando-Kissimmee-Sanford, FL22
Medical Village at WintergardenMOB21,532 0.61%$575.0 0.69%2,673,376Orlando-Kissimmee-Sanford, FL22
Baptist HealthPC13,500 0.38%$391.4 0.47%2,558,143San Antonio-New Braunfels, TX24
San Antonio Head & Neck Surgical AssociatesPC6,500 0.18%$184.2 0.22%2,558,143San Antonio-New Braunfels, TX24
Vascular Access Centers of Southern NevadaSC4,800 0.14%$— —%2,265,461Las Vegas-Henderson-Paradise, NV29
Butler Medical CenterMOB10,116 0.29%$265.3 0.32%2,370,930Pittsburgh, PA27
Forefront Dermatology BuildingMOB15,650 0.44%$332.1 0.40%2,370,930Pittsburgh, PA27
Greentree Primary CareMOB34,077 0.96%$884.4 1.07%2,370,930Pittsburgh, PA27
Assurance Health SystemBSF14,381 0.41%$539.2 0.65%2,256,884Cincinnati, OH-KY-IN30
Cavalier Medical & Dialysis CenterMOB18,970 0.54%$49.3 0.06%2,256,884Cincinnati, OH-KY-IN30
51 Cavalier BlvdMOB18,016 0.51%$180.2 0.22%2,256,884Cincinnati, OH-KY-IN30
Davita Commercial WaySC4,980 0.14%$112.0 0.14%2,256,884Cincinnati, OH-KY-IN30
Fresenius Florence Dialysis CenterMOB17,845 0.50%$300.4 0.36%2,256,884Cincinnati, OH-KY-IN30
Anderson Ferry PlazaMOB43,599 1.23%$481.7 0.58%2,256,884Cincinnati, OH-KY-IN30
Everest Rehabilitation HospitalIRF37,720 1.06%$2,408.8 2.90%2,256,884Cincinnati, OH-KY-IN30
Prairie Star Medical Facility IMOB24,724 0.70%$897.6 1.08%2,192,035Kansas City, MO-KS31
Prairie Star Medical Facility IIMOB24,840 0.70%$64.9 0.08%2,192,035Kansas City, MO-KS31
Court Street Surgery CenterSCH7,787 0.22%$77.9 0.09%2,138,926Columbus, OH32
Hopebridge - ColumbusBSF13,969 0.39%$170.9 0.21%2,138,926Columbus, OH32
Sedalia Medical CenterMOB20,019 0.56%$315.6 0.38%2,138,926Columbus, OH32
Ravines EdgeMOB16,751 0.47%$262.1 0.32%2,138,926Columbus, OH32
Assurance Health, LLCBSF10,200 0.29%$362.1 0.44%2,111,040Indianapolis-Carmel-Anderson, IN33
Assurance Health SystemBSF13,722 0.39%$481.4 0.58%2,111,040Indianapolis-Carmel-Anderson, IN33
Kindred Hospital Indianapolis NorthLTACH37,270 1.05%$1,521.2 1.83%2,111,040Indianapolis-Carmel-Anderson, IN33
Brook Park Medical BuildingMOB18,444 0.52%$388.7 0.47%2,088,251Cleveland-Elyria, OH34
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Property NameProperty
 Type
Area% of
Square
 Feet
Annualized
 Rent ($000's)
% of Annualized
 Rent
PopulationMSA/MISARank
Assurance - HudsonBSF13,290 0.37%$538.1 0.65%2,088,251Cleveland-Elyria, OH34
Rockside Medical CenterMOB55,316 1.56%$1,135.1 1.37%2,088,251Cleveland-Elyria, OH34
Virginia Orthopaedic & Spine SpecialistsPC8,445 0.24%$153.1 0.19%1,799,674Virginia Beach-Norfolk-Newport News, VA-NC37
South County HospitalPC13,268 0.37%$305.2 0.37%1,676,579Providence-Warwick, RI-MA38
Ortho Rhode Island - WarwickPC7,340 0.21%$212.8 0.26%1,676,579Providence-Warwick, RI-MA38
Genesis Care - WarwickSC10,236 0.29%$358.4 0.43%1,676,579Providence-Warwick, RI-MA38
Mercy Rehabilitation HospitalIRF39,637 1.12%$1,949.2 2.35%1,425,695Oklahoma City, OK41
Memphis CenterMOB11,669 0.33%$227.7 0.28%1,337,779Memphis, TN-MS-AR43
Sanderling DialysisSC10,133 0.29%$536.3 0.65%1,337,779Memphis, TN-MS-AR43
GlastonburyMOB49,806 1.40%$727.9 0.88%1,213,531Hartford-East Hartford-Middletown, CT48
Sterling Medical CenterMOB28,685 0.81%$417.3 0.50%1,166,902Buffalo-Cheektowaga, NY49
Gardendale MOBMOB12,956 0.37%$314.3 0.38%1,115,289Birmingham-Hoover, AL50
Sanford West Behavioral FacilityBSF96,886 2.73%$1,287.0 1.55%1,087,592Grand Rapids-Kentwood, MI52
Genesis Care - SouthbridgeSC20,046 0.57%$841.3 1.01%978,529Worcester, MA-CT57
Worcester BehavioralAIB81,972 2.31%$2,651.1 3.20%978,529Worcester, MA-CT57
Los Alamos Professional PlazaMOB42,332 1.19%$633.5 0.76%870,781McAllen-Edinburg-Mission, TX65
Cardiology Associates of Greater WaterburyPC16,793 0.47%$310.7 0.38%864,835New Haven-Milford, CT68
Columbia Gastroenterology Surgery CenterMOB17,016 0.48%$304.3 0.37%829,470Columbia, SC72
Davita Turner RoadSC18,125 0.51%$395.3 0.48%814,049Dayton-Kettering, OH73
Davita Springboro PikeSC10,510 0.30%$224.6 0.27%814,049Dayton-Kettering, OH73
Davita Business Center CourtSC12,988 0.37%$273.9 0.33%814,049Dayton-Kettering, OH73
Genesis Care - Bonita SpringsSC4,445 0.13%$263.2 0.32%760,822Cape Coral-Fort Myers, FL78
Genesis Care - Fort MyersSC46,356 1.31%$804.7 0.97%760,822Cape Coral-Fort Myers, FL78
Parkway Professional PlazaMOB40,918 1.15%$848.9 1.02%725,046Lakeland-Winter Haven, FL81
Mercy One Physicians ClinicPC17,318 0.49%$382.7 0.46%709,466Des Moines-West Des Moines, IA82
Novus ClinicSCH14,315 0.40%$296.3 0.36%702,219Akron, Oh83
UH Walden Health CenterPC11,000 0.31%$320.5 0.39%702,219Akron, Oh83
Daytona Medical OfficeMOB20,193 0.57%$387.4 0.47%668,921Deltona-Daytona Beach-Ormond Beach, FL90
Debary Professional PlazaMOB22,854 0.64%$184.0 0.22%668,921Deltona-Daytona Beach-Ormond Beach, FL90
UW Health Clinic- PortagePC14,000 0.39%$318.7 0.38%680,796Madison, WI87
Cypress Medical CenterMOB39,746 1.12%$366.8 0.44%647,610Wichita, KS93
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Property NameProperty
 Type
Area% of
Square
 Feet
Annualized
 Rent ($000's)
% of Annualized
 Rent
PopulationMSA/MISARank
Family Medicine EastPC16,581 0.47%$331.6 0.40%647,610Wichita, KS93
Grene Vision CenterPC18,681 0.53%$308.6 0.37%647,610Wichita, KS93
Perrysburg Medical Arts BuildingMOB25,930 0.73%$438.4 0.53%646,604Toledo, OH94
St. Vincent Mercy Medical Center, Inc.PC23,368 0.66%$313.6 0.38%646,604Toledo, OH94
Assurance - ToledoBSF13,290 0.37%$505.6 0.61%646,604Toledo, OH94
Granite CircleMOB17,164 0.48%$234.2 0.28%646,604Toledo, OH94
Bassin Center For Plastic Surgery-MelbournePC5,228 0.15%$299.9 0.36%606,612Palm Bay-Melbourne-Titusville, FL96
Penn State Health - Camp HillSC8,400 0.24%$173.0 0.21%591,712Harrisburg-Carlisle, PA98
Penn State Health - HarrisburgSC10,000 0.28%$206.0 0.25%591,712Harrisburg-Carlisle, PA98
Eynon Surgery CenterSCH6,500 0.18%$190.5 0.23% 567,559 Scranton--Wilkes-Barre, PA100
Riverview Medical CenterMOB26,199 0.74%$440.3 0.53% 567,559 Scranton--Wilkes-Barre, PA100
Manteca Medical Group BuildingPC10,564 0.30%$304.3 0.37% 552,878 Modesto, CA103
Everest Rehabilitation HospitalIRF38,817 1.09%$2,195.8 2.65% 546,725 Fayetteville-Springdale-Rogers, AR105
Grandview PlazaMOB20,000 0.56%$303.6 0.37% 552,984 Lancaster, PA102
Pinnacle HealthPC10,753 0.30%$241.2 0.29% 552,984 Lancaster, PA102
Treasure Coast Medical PavilionMOB56,915 1.61%$763.6 0.92% 487,657 Port St. Lucie, FL115
AMG Specialty Hospital - LafayetteMOB29,062 0.82%$— —% 478,384 Lafayette, LA116
Everest Rehabilitation HospitalIRF38,817 1.09%$2,181.1 2.63% 475,367 Killeen-Temple, TX118
Genesis Care - AshevilleSC10,850 0.31%$210.0 0.25% 469,015 Asheville, NC120
Genesis Care - WeavervilleSC10,696 0.30%$417.2 0.50% 469,015 Asheville, NC120
Martin Foot & Ankle ClinicPC27,100 0.76%$406.8 0.49%456,438York-Hanover, PA121
Affinity Health CenterMOB47,366 1.34%$506.7 0.61%401,574Canton-Massillon, OH137
Prattville Town Center Medical Office BldgMOB13,319 0.38%$371.7 0.45%386,047Montgomery, AL142
Wellmont Bristol Urgent CareSC4,548 0.13%$76.2 0.09%307,614Kingsport-Bristol, TN-VA165
Bristol Pediatric AssociatesMOB10,804 0.30%$179.2 0.22%307,614Kingsport-Bristol, TN-VA165
Bluewater Orthopedics CenterMOB10,255 0.29%$215.6 0.26%286,973Crestview-Fort Walton Beach-Destin, FL171
Everest Rehabilitation HospitalIRF38,817 1.09%$2,246.6 2.71%286,184Longview, TX172
Londonderry CentreMOB21,115 0.60%$403.8 0.49%277,547Waco, TX176
Meridian Behavioral Health SystemsAIB132,430 3.74%$3,075.3 3.71%258,859Charleston, WV190
Gulf Coast Cancer Centers-FoleySC6,146 0.17%$167.1 0.20%231,767Daphne-Fairhope-Foley, AL200
Gulf Coast Cancer Centers- Gulf ShoresSC6,398 0.18%$129.2 0.16%231,767Daphne-Fairhope-Foley, AL200
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Property NameProperty
 Type
Area% of
Square
 Feet
Annualized
 Rent ($000's)
% of Annualized
 Rent
PopulationMSA/MISARank
Monroe Surgical HospitalSCH58,121 1.64%$2,297.0 2.77%207,104Monroe, LA219
Tuscola Professional BuildingMOB25,500 0.72%$598.2 0.72%190,124Saginaw, MI229
Fresenius Ft. ValleySC4,920 0.14%$98.3 0.12%191,614Warner Robins, GA228
Genesis Care - ReddingSC12,206 0.34%$552.9 0.67%182,155Redding, CA233
KedplasmaSC12,870 0.36%$272.1 0.33%171,415Burlington, NC251
Decatur Morgan Hospital Medical Office BuildingMOB35,933 1.01%$579.0 0.70%156,494Decatur, AL268
Provena Medical CenterMOB54,894 1.55%$654.7 0.79%107,502Kankakee, IL346
Parkside Family & Davita ClinicsMOB15,637 0.44%$214.3 0.26%98,331Victoria, TX361
Marion Medical PlazaMOB27,246 0.77%$345.8 0.42%45,243Marion, OHN/A
Fresenius Gallipolis Dialysis CenterSC15,110 0.43%$159.3 0.19%48,033Point Pleasant, WV-OH, PAN/A
Davita Etowah Dialysis CenterSC4,720 0.13%$66.1 0.08%50,179Athens, TNN/A
Fresenius Dialysis CenterMOB17,746 0.50%$343.6 0.41%48,330Corsicana, TXN/A
Davita DialysisMOB12,545 0.35%$447.4 0.54%42,837Pahrump, NVN/A
Arkansas Valley Surgery CenterMOB10,853 0.31%$256.8 0.31%54,929Canon City, CON/A
Wellmont Norton Urgent CareSC4,843 0.14%$55.7 0.07%37,943Big Stone Gap, VAN/A
Wellmont Associates ComplexMOB32,757 0.92%$353.0 0.43%37,943Big Stone Gap, VAN/A
Eyecare PartnersPC8,421 0.24%$134.3 0.16%49,019Centralia, ILN/A
Gulf Coast Cancer Centers-BrewtonSC3,971 0.11%$108.0 0.13%47,442Atmore, ALN/A
Baylor Scott & White ClinicPC37,354 1.05%$481.0 0.58%53,230Brenham, TXN/A
Ottumwa Medical ClinicMOB68,895 1.94%$722.8 0.87%43,100Ottumwa, IAN/A
Ottumwa Medical ClinicMOB6,850 0.19%$111.2 0.13%42,840Ottumwa, IAN/A
Sanderling Dialysis CenterSC4,186 0.12%$286.5 0.35%39,662Crescent City, CAN/A
Fremont Medical Office Building & Surgery CtrMOB13,050 0.37%$319.1 0.39%47,894Fremont, NEN/A
Russellville Medical PlazaMOB29,129 0.82%$154.4 0.19%County: 32,113 Rural - No CBSAN/A
Genesis Care - AndalusiaSC10,373 0.29%$374.1 0.45%County: 37,570 Rural - No CBSAN/A
Lexington Carilion ClinicPC15,820 0.45%$369.3 0.45%County: 22,650 Rural - No CBSAN/A
Dahlonega Medical MallMOB22,804 0.64%$276.5 0.33%County: 33,488 Rural - No CBSAN/A
Batesville Regional Medical CenterMOB9,263 0.26%$48.1 0.06%County: 33,208 Rural - No CBSAN/A
Tri Lakes BehavioralBSF58,400 1.65%$535.2 0.65%County: 33,208 Rural - No CBSAN/A
North Mississippi Health ServicesMOB17,629 0.50%$91.6 0.11%County: 34,180 Rural - No CBSAN/A
North Mississippi Health ServicesMOB27,743 0.78%$144.2 0.17%County: 34,180 Rural - No CBSAN/A
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Property NameProperty
 Type
Area% of
Square
 Feet
Annualized
 Rent ($000's)
% of Annualized
 Rent
PopulationMSA/MISARank
North Mississippi Health ServicesMOB18,074 0.51%$93.9 0.11%County: 34,180 Rural - No CBSAN/A
North Mississippi Health ServicesMOB9,890 0.28%$51.4 0.06%County: 34,180 Rural - No CBSAN/A
Genesis Care - PrincetonSC7,236 0.20%$186.8 0.23%County: 59,664 Rural - No CBSAN/A
Sanderling Dialysis CenterSC5,217 0.15%$262.9 0.32%County: 13,367 Rural - No CBSAN/A
North Mississippi Health ServicesMOB3,378 0.10%$17.6 0.02% County: 34,180 Rural - No CBSAN/A
Rettig Family HealthcarePC12,000 0.34%$180.0 0.22%County: 22,146 Rural - No CBSAN/A
Wellmont Lebanon Urgent CareSC8,369 0.24%$104.6 0.13%County: 25,781 Rural - No CBSAN/A
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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.
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REPORTING DEFINITIONS (continued)
The Company uses the 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 (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.

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3Q 2022 | 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
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3Q 2022 | 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, 2021 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
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3Q 2022 | Supplemental Information