CHCT Earnings Prediction
The chart below shows how CHCT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CHCT sees a -1.36% change in stock price 10 days leading up to the earnings, and a -3.02% change 10 days following the report. On the earnings day itself, the stock moves by -0.47%. This data can give you a slight idea of what to expect for the next quarter's release.
CHCT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
29.64M
3.15%
7.72%
Gross Margin
79.80%
-1.49%
100.65%
Operating Margin
26.29%
-10.64%
-256.96%
Net Margin
5.90%
-51.44%
-115.57%
EPS
0.04
-63.64%
-109.52%
No Data Available
CHCT Earnings Analysis
Community Healthcare Trust Incorporated Common Stock, $0.01 par value per share Corporation (CHCT.N) Earnings Conference Call
Positive
Revenue Growth Increase: 1. Increased Revenue: Total revenue grew from $28.7 million in Q3 2023 to $29.6 million in Q3 2024, representing a 3.1% annual growth.
Funds from Operations Increase: 2. Growth in Funds from Operations (FFO): FFO increased by $1.2 million quarter-over-quarter, rising from $11.6 million in Q2 2024 to $12.8 million in Q3 2024.
AFFO Growth: 3. Increased Adjusted Funds from Operations (AFFO): AFFO rose from $14.3 million in Q2 2024 to $14.6 million in Q3 2024, with per-diluted common share AFFO increasing from $0.53 to $0.55.
Dividend Growth Announcement: 4. Dividend Increase: The company raised its dividend to $0.465 per common share for Q3 2024, equating to an annualized dividend of $1.86 per share, marking a continuous increase since the IPO.
Credit Facility Expansion: 5. Successful Credit Facility Expansion: The revolving credit facility was increased from $150 million to $400 million, with a new five-year term and lower pricing, enhancing financial flexibility for future acquisitions.
Negative
Occupancy Rate Decline: 1. Decreased Occupancy Rate: Occupancy decreased from 92.6% to 91.3% during the quarter due to lease terminations and expirations.
Unpaid Rent Concerns: 2. Uncollected Rent from Key Tenant: The geriatric psychiatric hospital operator, a tenant in six properties, has not paid rent totaling $3.2 million, with an additional $6 million in interest outstanding, leading to significant cash flow concerns.
Rising Operating Expenses: 3. Increased Operating Expenses: Property operating expenses rose by approximately $414,000 quarter-over-quarter to $6 million, primarily due to seasonal increases in HVAC repairs and utilities.
Interest Expense Increase: 4. Rising Interest Expenses: Interest expense increased from $6 million in the second quarter of 2024 to $6.3 million in the third quarter of 2024, reflecting higher borrowings under the revolving credit facility.
Property Acquisition Delays: 5. Delayed Property Acquisitions: One property expected to close in the fourth quarter has been pushed to mid to late first quarter 2025 due to delays in approvals and Medicare accreditations, impacting growth projections.
CHCT FAQs
How does CHCT typically perform around its earnings report dates?
Is Community Healthcare Trust Incorporated (CHCT) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
CHCT Earning Call Sentiment
Community Healthcare Trust Incorporated (CHCT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CHCT.N
-0.1%Positive
The earnings call presents a mixed picture: while there are positive elements like increased dividends and FFO growth, concerns remain about tenant issues and rising interest expenses. The Q&A reveals unresolved uncertainties regarding tenant payments and redevelopment projects. Despite dividend increases, financial strain from higher debt and regulatory risks persists. Thus, the overall sentiment is neutral, expecting minimal stock price movement in the short term.