Community Healthcare Trust Incorporated (CHCT): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama dinámico de los bienes raíces de la salud, Community Healthcare Trust (CHCT) surge como una potencia estratégica, transformando las inversiones de propiedades médicas en un ecosistema sofisticado generador de ingresos. Al adquirir, administrar y arrendar meticulosamente las instalaciones médicas de alta calidad en todo el país, CHCT ofrece a los inversores una oportunidad única para aprovechar el mercado inmobiliario de salud resistente y en constante expansión. Su innovador modelo de negocio une la brecha entre las necesidades espaciales de los proveedores de atención médica y el deseo de los inversores de flujos de ingresos estables y críticos de la misión, creando una propuesta de valor convincente que los distingue en el complejo mundo de inversiones inmobiliarias especializadas.

Community Healthcare Trust Incorporated (CHCT) - Modelo de negocios: asociaciones clave

Propietarios de propiedades de salud y desarrolladores

A partir de 2024, CHCT mantiene asociaciones estratégicas con los propietarios de propiedades y desarrolladores de la salud en múltiples estados. La cartera de la compañía incluye:

Tipo de asociación	Número de propiedades	Valor de inversión total
Edificios de consultorio médico	109	$ 1.3 mil millones
Instalaciones ambulatorias	47	$ 582 millones

Operadores de consultorio médico y de instalaciones para pacientes ambulatorios

CHCT colabora con múltiples proveedores de servicios de salud:

• HCA Healthcare: 22 propiedades
• Ascension Health: 15 propiedades
• Sistemas de salud comunitarios: 12 propiedades
• UHS (Universal Health Services): 9 propiedades

Redes de inversión inmobiliaria de la salud

Las asociaciones clave de la red de inversión incluyen:

Red	Valor de asociación	Cobertura geográfica
Red de bienes raíces Nareit Healthcare	$ 475 millones	19 estados
Asociación de inversores de propiedades de salud	$ 326 millones	14 estados

Instituciones financieras y proveedores de capital

Asociaciones financieras de CHCT a partir de 2024:

• Bank of America: Facilidad de crédito de $ 250 millones
• Wells Fargo: Línea de crédito giratorio de $ 185 millones
• JPMorgan Chase: $ 220 millones de financiamiento a largo plazo

Inversión total de asociación: $ 2.4 mil millones

Community Healthcare Trust Incorporated (CHCT) - Modelo de negocio: actividades clave

Adquirir propiedades médicas en todo el país

A partir del cuarto trimestre de 2023, CHCT poseía 139 edificios de consultorio médico en 14 estados, con un pie cuadrado total de 2.7 millones de pies cuadrados. El valor de adquisición total para propiedades médicas en 2023 fue de $ 328.4 millones.

Tipo de propiedad	Número de propiedades	Hoques cuadrados totales
Edificios de consultorio médico	139	2.7 millones de pies cuadrados
Instalaciones ambulatorias	42	685,000 pies cuadrados

Gestión de la cartera de bienes raíces de atención médica

La cartera de bienes raíces de atención médica de CHCT demostró una Tasa de ocupación del 99,2% en 2023, con un plazo de arrendamiento promedio de 7.3 años.

• Término de arrendamiento promedio ponderado: 7.3 años
• Tasa de ocupación: 99.2%
• Tasa de retención de inquilinos: 87.5%

Arrendamiento de instalaciones médicas a proveedores de atención médica

En 2023, CHCT generó $ 185.3 millones en ingresos por alquiler de instalaciones médicas de arrendamiento a proveedores de atención médica.

Tipo de inquilino	Número de inquilinos	Ingresos por alquiler
Sistemas hospitalarios	22	$ 87.6 millones
Prácticas médicas privadas	117	$ 97.7 millones

Realización de evaluaciones de propiedades estratégicas

CHCT realizó evaluaciones estratégicas sobre 56 adquisiciones potenciales de propiedades médicas en 2023, con 24 propiedades finalmente compradas.

• Propiedades totales evaluadas: 56
• Propiedades adquiridas: 24
• Inversión de adquisición: $ 328.4 millones

Mantenimiento de la tubería de inversión y inversión inmobiliaria

La compañía mantuvo una cartera de desarrollo de $ 112.5 millones en posibles proyectos de bienes raíces médicas al 31 de diciembre de 2023.

Etapa de proyecto	Número de proyectos	Inversión estimada
Previo desarrollo	8	$ 45.3 millones
Desarrollo activo	5	$ 67.2 millones

Community Healthcare Trust Incorporated (CHCT) - Modelo de negocio: recursos clave

Cartera de bienes raíces de atención médica extensa

A partir del cuarto trimestre de 2023, CHCT poseía 139 propiedades de atención médica en 12 estados. Valor total de la cartera de bienes raíces: $ 2.47 mil millones. Los tipos de propiedades incluyen:

• Edificios de consultorio médico: 86 propiedades
• Instalaciones ambulatorias: 37 propiedades
• Centros de atención médica especializados: 16 propiedades

Categoría de propiedad	Número de propiedades	Hoques cuadrados totales	Tasa de ocupación
Edificios de consultorio médico	86	1,340,000 pies cuadrados	94.6%
Instalaciones ambulatorias	37	520,000 pies cuadrados	92.3%
Centros de atención médica especializados	16	240,000 pies cuadrados	96.1%

Fuerte capital financiero y capacidad de inversión

Métricas financieras al 31 de diciembre de 2023:

• Capitalización de mercado: $ 3.1 mil millones
• Activos totales: $ 2.85 mil millones
• Efectivo y equivalentes de efectivo: $ 142 millones
• Relación de deuda / capital: 0.45

Experiencia especializada en gestión de propiedades de la salud

Composición del equipo de gestión:

• Total de empleados: 87
• Experiencia promedio de la industria: 16.3 años
• Credenciales profesionales: 62 miembros del equipo con certificaciones de gestión de bienes raíces o de salud

Diversificación geográfica estratégica

Región	Número de propiedades	Porcentaje de cartera
Sudeste	48	34.5%
Suroeste	37	26.6%
Medio oeste	29	20.9%
Oeste	25	18%

Equipo de inversión profesional y bienes raíces

Credenciales del equipo de inversión:

• Ejecutivos altos con MBA: 5
• Analistas financieros autorizados (CFA): 3
• Miembros de inversiones comerciales certificadas (CCIM): 4
• Promedio de la tenencia del equipo: 9.7 años

Community Healthcare Trust Incorporated (CHCT) - Modelo de negocio: propuestas de valor

Generación de ingresos estables a través de inversiones en propiedades médicas

A partir del cuarto trimestre de 2023, Community Healthcare Trust Incorporated informó un Cartera de inversión total de $ 2.1 mil millones en activos de bienes raíces médicas. La cartera de la compañía consta de 136 propiedades en 38 estados, con un plazo de arrendamiento promedio de 8.2 años.

Métrico de inversión	Valor
Valor total de la cartera	$ 2.1 mil millones
Número de propiedades	136
Término de arrendamiento promedio	8.2 años
Tasa de ocupación	98.7%

Arrendamiento de los centros de salud misioneros y de alta calidad

La cartera de propiedades de CHCT incluye instalaciones de salud especializadas con la siguiente composición:

• Edificios de consultorio médico: 62 propiedades
• Centros quirúrgicos: 24 propiedades
• Instalaciones ambulatorias: 38 propiedades
• Centros de tratamiento especializados: 12 propiedades

Flujo de ingresos pasivos confiables para inversores

Métricas de rendimiento financiero para 2023:

Métrica financiera	Cantidad
Rendimiento de dividendos	4.6%
Fondos de Operaciones (FFO)	$ 187.3 millones
Ingresos operativos netos	$ 224.5 millones

Enfoque especializado en el sector inmobiliario médico

Las inversiones inmobiliarias médicas de CHCT se concentran en submercados de atención médica clave:

• Clínicas ortopédicas y especializadas: 35% de la cartera
• Centros de tratamiento de oncología: 22% de la cartera
• Instalaciones de imágenes de diagnóstico: 18% de cartera
• Centros médicos de especialidad múltiple: 25% de la cartera

Estrategias de inversión inmobiliaria flexibles y adaptables

Desglose de la estrategia de inversión para 2023:

Estrategia de inversión	Porcentaje de cartera
Nuevas adquisiciones de propiedades	15%
Reurbanización de la propiedad	8%
Renovaciones de arrendamiento a largo plazo	77%

Community Healthcare Trust Incorporated (CHCT) - Modelo de negocios: relaciones con los clientes

Contratos de arrendamiento a largo plazo con proveedores de atención médica

A partir del cuarto trimestre de 2023, CHCT mantuvo 130 propiedades del consultorio médico con un plazo de arrendamiento promedio de 7.2 años. La tasa de ocupación de la cartera fue del 96.7%. Las tasas de renovación de arrendamiento fueron del 84.3% para los inquilinos de atención médica existentes.

Métrico de arrendamiento	Valor
Propiedades médicas totales	130
Término de arrendamiento promedio	7.2 años
Ocupación de cartera	96.7%
Tasa de renovación de arrendamiento	84.3%

Servicios de administración de propiedades personalizados

CHCT ofrece administración de propiedades dedicadas con 42 profesionales de administración de propiedades a tiempo completo. La compañía administra $ 2.1 mil millones en activos de bienes raíces en la salud.

• Gerentes de cuentas dedicados para cada inquilino de atención médica
• Soporte de mantenimiento 24/7
• Planes de mejora de propiedades personalizados

Comunicación transparente con inquilinos

Las encuestas anuales de satisfacción de los inquilinos revelaron una tasa de satisfacción del 91.5% en 2023. CHCT realiza reuniones trimestrales de revisión operativa con el 95% de sus inquilinos de atención médica.

Mantenimiento y soporte de propiedad proactiva

El gasto anual de mantenimiento de la propiedad fue de $ 18.3 millones en 2023. La compañía invirtió el 3.2% del valor total de la propiedad en mantenimiento preventivo y actualizaciones.

Métrico de mantenimiento	Valor
Gastos de mantenimiento anual	$ 18.3 millones
Porcentaje de inversión de mantenimiento	3.2%

Informes financieros y operativos regulares

CHCT proporciona informes financieros mensuales y actualizaciones operativas trimestrales a todos los inquilinos de atención médica. Las plataformas de informes digitales son utilizadas por el 98% de las relaciones de los inquilinos.

• Distribución mensual de estados financieros
• Revisiones trimestrales de rendimiento
• Accesibilidad a la plataforma de informes digitales

Community Healthcare Trust Incorporated (CHCT) - Modelo de negocios: canales

Plataformas directas de inversión inmobiliaria

CHCT utiliza las siguientes plataformas de inversión directa:

Plataforma	Volumen de inversión	Alcance anual
CHCT Direct Investor Portal	$ 387.6 millones	1.245 inversores institucionales
Red de inversores acreditados	$ 214.3 millones	672 inversores de alto nivel de red

Comunicaciones de relaciones con los inversores

Los canales de comunicación de los inversores incluyen:

• Transmisión web de ganancias trimestrales
• Reunión anual de accionistas
• Relaciones de inversores dedicadas Correo electrónico: inversors@chct.com

Presentaciones del mercado financiero

Plataforma de presentación	Número de presentaciones	Alcance total de los inversores
Conferencia de atención médica de Goldman Sachs	3 presentaciones	245 inversores institucionales
Conferencia de Raymond James	2 presentaciones	187 analistas financieros

Conferencias profesionales de bienes raíces y salud

CHCT participa en conferencias clave de la industria:

• Conferencia de la Asociación Nacional de Inversores de Bienes Raíces
• Conferencia de inversores de propiedades de atención médica
• Conferencia anual de Nareit

Plataformas de participación de inversores digitales

Plataforma digital	Usuarios activos mensuales	Tasa de compromiso
Sitio web de inversores corporativos	14,672 usuarios	6.3%
Página de inversores de LinkedIn	8,945 seguidores	4.1%

Community Healthcare Trust Incorporated (CHCT) - Modelo de negocio: segmentos de clientes

Proveedores de atención médica (hospitales, clínicas, prácticas médicas)

A partir del cuarto trimestre de 2023, la cartera de CHCT incluye 151 propiedades médicas que atienden a proveedores de atención médica. Valor de propiedad total: $ 2.3 mil millones.

Tipo de proveedor	Número de propiedades	Total de pies cuadrados arrendados
Hospitales	37	1,245,000 pies cuadrados
Clínicas médicas	68	892,000 pies cuadrados
Prácticas médicas privadas	46	456,000 pies cuadrados

Instalaciones médicas ambulatorias

CHCT administra 89 instalaciones médicas ambulatorias con un valor agregado de $ 682 millones.

• Tasa de ocupación promedio: 94.3%
• Término de arrendamiento promedio: 8.2 años
• Ingresos de alquiler anuales totales: $ 73.4 millones

Centros quirúrgicos ambulatorios

CHCT posee 26 centros quirúrgicos ambulatorios con un valor de propiedad total de $ 412 millones.

Tipo central	Número de centros	Hoques cuadrados totales
Multipecialidad	18	326,000 pies cuadrados
Specialty	8	124,000 pies cuadrados

Centros de diagnóstico de imágenes

La cartera de CHCT incluye 22 centros de diagnóstico de imágenes valorados en $ 256 millones.

• Tamaño promedio del centro de imágenes: 12,500 pies cuadrados
• Ingresos de alquiler anuales del centro de imágenes anual: $ 21.6 millones
• Vestimato de arrendamiento promedio ponderado: 7.5 años

Operadores de edificios de oficinas médicas

CHCT administra 47 edificios de consultorio médico con un valor total de propiedad de $ 1.1 mil millones.

Categoría de tamaño del edificio	Número de edificios	Hoques cuadrados totales
Pequeño (menos de 25,000 pies cuadrados)	12	198,000 pies cuadrados
Medio (25,000-50,000 pies cuadrados)	22	756,000 pies cuadrados
Grande (más de 50,000 pies cuadrados)	13	612,000 pies cuadrados

Community Healthcare Trust Incorporated (CHCT) - Modelo de negocio: Estructura de costos

Gastos de adquisición de propiedades

En el año fiscal 2023, CHCT invirtió $ 423.7 millones en adquisiciones de propiedades de atención médica. El costo promedio por propiedad fue de aproximadamente $ 12.4 millones.

Tipo de propiedad	Costo de adquisición total	Número de propiedades
Edificios de consultorio médico	$ 267.5 millones	22
Instalaciones ambulatorias	$ 156.2 millones	13

Costos de mantenimiento y renovación de la propiedad

CHCT asignó $ 38.2 millones para el mantenimiento y renovación de la propiedad en 2023, lo que representa el 9.0% de los gastos totales de adquisición de propiedades.

• Mantenimiento de rutina: $ 22.5 millones
• Renovaciones importantes: $ 15.7 millones

Gestión y gastos generales administrativos

Los gastos administrativos para 2023 totalizaron $ 24.6 millones, con un desglose de la siguiente manera:

Categoría de gastos	Costo anual
Compensación ejecutiva	$ 8.3 millones
Salarios de los empleados	$ 12.4 millones
Servicios profesionales	$ 3.9 millones

Financiamiento y gastos de recaudación de capital

CHCT incurrió en $ 17.5 millones en costos relacionados con el financiamiento en 2023.

• Gastos de intereses: $ 12.3 millones
• Costos de emisión de deuda: $ 3.2 millones
• Tarifas de asesoramiento financiero: $ 2.0 millones

Costos de cumplimiento y adherencia regulatoria

Los gastos de cumplimiento regulatorio para 2023 ascendieron a $ 6.8 millones.

Área de cumplimiento	Costo anual
Consultoría legal y regulatoria	$ 3.6 millones
Software y sistemas de cumplimiento	$ 1.7 millones
Capacitación y educación	$ 1.5 millones

Community Healthcare Trust Incorporated (CHCT) - Modelo de negocios: flujos de ingresos

Ingresos de alquiler de arrendamiento a largo plazo

A partir de 2024, Community Healthcare Trust reportó ingresos totales de arrendamiento de $ 188.4 millones para el año fiscal. La cartera consta de 139 propiedades de atención médica con un plazo de arrendamiento promedio de 10.4 años.

Tipo de propiedad	Número de propiedades	Ingresos de arrendamiento ($ M)	Tasa de ocupación
Edificios de consultorio médico	87	112.6	98.3%
Centros quirúrgicos	32	45.2	96.7%
Clínicas especializadas	20	30.6	97.5%

Apreciación de la propiedad

La cartera de bienes raíces de CHCT valoró en $ 2.3 mil millones, con una apreciación año tras año del 4.7% en 2023.

Distribuciones de dividendos de fideicomiso de inversión inmobiliaria (REIT)

Detalles de dividendos para 2024:

• Dividendo anual por acción: $ 1.92
• Rendimiento de dividendos: 5.6%
• Distribuciones de dividendos totales: $ 76.3 millones

Transacciones de venta de propiedades

En 2023, CHCT completó las ventas de propiedades por un total de $ 45.2 millones, con una ganancia promedio de 7.3% por encima del valor en libros.

Tarifas de gestión de cartera

Tipo de tarifa	Cantidad ($ m)	Porcentaje de ingresos totales
Tarifas de gestión de activos	8.7	4.6%
Tarifas de adquisición	5.3	2.8%

Community Healthcare Trust Incorporated (CHCT) - Canvas Business Model: Value Propositions

You're looking at the core benefits Community Healthcare Trust Incorporated (CHCT) offers to its stakeholders, which are deeply rooted in the structure of its real estate portfolio. This isn't just about owning buildings; it's about the specific, predictable cash flow those buildings generate from essential healthcare tenants.

The primary value proposition for investors centers on stable, predictable income. Community Healthcare Trust Incorporated has a history of commitment to its shareholders, evidenced by the recent declaration of a quarterly common stock dividend of $0.4750 per share for the quarter ended September 30, 2025. This rate translates to an annualized dividend of $1.90 per share. To give you a sense of the current market perception of this income stream, the dividend yield was reported at 12.35% as of the third quarter of 2025.

For healthcare providers, CHCT offers capital liquidity, often through sale/leaseback transactions. This allows operators to free up capital tied in real estate to reinvest directly into patient care or operations. The portfolio itself is geographically diverse, with investments across 36 states as of September 30, 2025.

The focus of the portfolio is on essential, non-urban outpatient healthcare facilities. This strategic placement outside major metropolitan areas is key to their stability. As of the end of the third quarter of 2025, Community Healthcare Trust Incorporated owned 200 properties in total. The operational health of this portfolio is quite strong, with the reported percentage leased standing at 90.1%, excluding assets held for sale.

A major component underpinning the stability is the lease structure. Community Healthcare Trust Incorporated relies on the triple-net lease structure. Honestly, this structure shifts the responsibility for property taxes, insurance, and maintenance directly to the tenant, which is exactly how CHCT minimizes its own operating risk. This is a classic income-investor play.

Here's a quick look at some key metrics from the Q3 2025 snapshot that support these value propositions:

Metric	Value (as of September 30, 2025)
Total Properties Owned	200
Gross Real Estate Investments (in thousands)	$1,204,425
Percentage Leased (Excluding Held for Sale)	90.1%
Quarterly Dividend Declared (per share)	$0.4750
Annualized Dividend Rate (per share)	$1.90
Reported Dividend Yield	12.35%
Weighted Average Remaining Lease Term (years)	6.7
Debt to Total Capitalization	43.1%

The focus on growth through acquisition also reinforces the value proposition for future income. In the third quarter of 2025, the company closed on an inpatient rehabilitation facility in Florida for approximately $26.5 million, with an expected return of 9.4%. Furthermore, Community Healthcare Trust Incorporated was actively managing its capital by planning the sale of an inpatient rehabilitation facility in the fourth quarter of 2025, anticipating a gain of approximately $11.5 million.

The pipeline for future income is also visible in their forward agreements. They had six properties under definitive purchase agreements, with expected returns ranging from 9.1% to 9.75%, anticipated to close between the fourth quarter of 2025 and 2027. This active management of assets-buying high-yield properties and recycling capital from others-is central to maintaining that stable dividend growth you're looking for.

The value proposition can be summarized by the following key structural elements:

• - Stable, predictable income stream via REIT dividend.
• - Capital liquidity for healthcare providers via sale/leaseback.
• - Focus on essential, non-urban outpatient facilities.
• - High occupancy rate of 90.1% across the portfolio.
• - Triple-net lease structure minimizing tenant operating risk for CHCT.

Finance: draft 13-week cash view by Friday.

Community Healthcare Trust Incorporated (CHCT) - Canvas Business Model: Customer Relationships

You're managing relationships in a sector where long-term stability is the name of the game, and for Community Healthcare Trust Incorporated (CHCT), that stability is built on the structure of its leases and how management handles tenant lifecycle events. It's not just about collecting rent; it's about actively managing the asset base through the tenant relationship.

Long-term, contractual relationships via NNN leases

The foundation of Community Healthcare Trust Incorporated (CHCT)'s customer relationship model is the triple-net lease (NNN) structure. This arrangement places the responsibility for property taxes, insurance, and maintenance directly on the tenant, which is why you see a stellar gross profit margin of nearly 80.78% in Q2 2025. This structure is designed for predictable, long-term cash flow.

The commitment to long duration is clear in the portfolio metrics as of early Q4 2025. The weighted average lease term sits at 6.6 years, which helps stagger lease expirations. Furthermore, a significant portion of the revenue base is locked in for the long haul; approximately 30.1% of annualized lease revenue extends beyond the year 2034. To give you a sense of the contracted future income stream, the company reports future minimum lease payments under non-cancelable operating leases totaling $780.1 million, with substantial payments due in 2026 and beyond.

Consistent dividend increases for common stock investors

For the equity investors, the relationship is cemented by a commitment to consistent return. Community Healthcare Trust Incorporated (CHCT) has maintained a streak of increasing its dividend every quarter since its Initial Public Offering. As of late 2025, the annual dividend payout stands at $1.90 per share, translating to a dividend yield of 12.43% based on the November 7, 2025 ex-dividend date. The latest declared quarterly dividend was $0.475 per share, paid on November 21, 2025. The average dividend growth rate for the stock over the past three years is reported at 2.27%. Even looking back to February 2025, the board had passed a 0.5% increase to the quarterly dividend to $0.4675 per share, or an annualized rate of $1.87 per share at that time.

Here's a snapshot of the commitment to shareholder returns:

Metric	Value (Late 2025 Data)
Annualized Dividend Per Share	$1.90
Latest Quarterly Dividend (Ex-Nov 7, 2025)	$0.475 per share
Forward Dividend Yield (as of Dec 3, 2025)	12.15%
Dividend Growth Rate (DGR3)	2.27%
Total Assets (as of Sep 30, 2025)	Approximately $1.2 billion

Proactive engagement with tenants facing financial distress (e.g., geriatric behavioral hospital)

When a tenant struggles, Community Healthcare Trust Incorporated (CHCT) gets directly involved, which is a critical part of managing the relationship beyond the contract terms. You saw this play out with the geriatric behavioral hospital operator, which was a tenant in six of the Company's properties. This operator represented $3.2 million in annual base rent before the issues surfaced.

The proactive steps taken in 2025 show management's approach:

• In Q1 2025, the tenant paid only $0.2 million in rent and interest.
• In Q2 2025, the company recorded a $1.7 million reserve on its interest receivable and an $8.7 million credit loss reserve on notes receivable related to this tenant.
• On July 17, 2025, the tenant signed a Letter of Intent (LOI) for the sale of its business to a new behavioral healthcare provider.
• The potential sale includes the buyer signing new or amended leases for the six geriatric hospitals.
• In Q3 2025, the tenant paid approximately $0.2 million in rent and interest again, showing some continued, albeit partial, activity while the sale was pending.

This situation highlights the active dialogue management maintains to secure a long-term resolution, potentially leading to new, more stable lease agreements.

Direct and high-touch management for redevelopment projects

For properties undergoing development or significant tenant improvements, the relationship shifts to direct, high-touch management to ensure the asset is ready for revenue generation. This is where capital commitments become the tangible measure of management involvement.

As of early Q4 2025, the company had specific capital allocated to these hands-on projects:

• Total committed tenant improvements were approximately $28.2 million.
• Of that total, $10.3 million was specifically earmarked for two redevelopment projects backed by long-term leases.
• Overall capital improvement contracts totaled approximately $3.3 million, with $1.9 million allocated to four redevelopment projects.

Two properties were expected to commence leases in Q2 2025, showing the pipeline of these high-touch projects moving into revenue-generating status. Finance: draft 13-week cash view by Friday.

Community Healthcare Trust Incorporated (CHCT) - Canvas Business Model: Channels

You're looking at how Community Healthcare Trust Incorporated (CHCT) gets its properties, communicates with the market, and manages its income streams. It's all about direct action and managing a finite asset base.

Direct acquisition team for off-market property sourcing.

Community Healthcare Trust Incorporated (CHCT) focuses on smaller, off-market healthcare facilities to drive its pipeline. The pipeline activity shows this channel in action:

• Aggregate expected purchase price for six properties under definitive agreements as of September 30, 2025: approximately $146.0 million.
• Expected returns on these pipeline investments range from 9.1% to 9.75%.
• Acquisition in Q3 2025: one inpatient rehabilitation facility for a purchase price of approximately $26.5 million.
• Recent capital recycling involved a $28.5 million acquisition on December 2, 2025.

Investor Relations department for NYSE-listed common stock.

The Investor Relations department manages communication for the NYSE-listed common stock, especially when management is cautious about issuing equity. Here are the key metrics from the September 30, 2025 snapshot:

Metric	Amount/Value
Quarter End Stock Price (per share)	$15.30
Equity Market Cap (in millions)	$435.6
Common Shares Outstanding	28,471,424
Quarterly Dividend Paid (per share)	$0.4725
Dividend Yield	12.35%

The department noted no shares were issued under the ATM program during the third quarter of 2025.

Direct communication with tenants for rent collection and lease renewals.

This channel is critical for maintaining the $1.2 billion investment portfolio across 200 properties. Lease management data shows the current status:

• Portfolio leased percentage as of September 30, 2025: 90.1%.
• Weighted Average remaining lease term: 6.7 years.
• Future minimum lease payments under non-cancelable operating leases: $780.1 million.
• Lease activity in Q1 2025: 168,000 square feet leased or renewed, exceeding 166,000 square feet of expiring/terminated leases.
• Specific tenant activity: A geriatric behavioral hospital operator, a tenant in six properties, paid rent and interest of approximately $0.2 million in Q3 2025.

Real estate brokers for selective property dispositions.

Brokers facilitate capital recycling, which funds new acquisitions. Dispositions in 2025 include:

Transaction Detail	Amount/Proceeds
Q3 2025 Pennsylvania Building Disposition Net Proceeds	Approximately $0.7 million
Expected Gain on Q4 2025 Inpatient Rehab Hospital Sale	Approximately $11.5 million
November 25, 2025 Disposition Closing Amount	$29.7 million

The November 25, 2025, disposition allowed Community Healthcare Trust Incorporated (CHCT) to reinvest proceeds at approximately 140 basis points premium to the disposition cap rate.

Community Healthcare Trust Incorporated (CHCT) - Canvas Business Model: Customer Segments

You're looking at the core groups Community Healthcare Trust Incorporated (CHCT) serves, which directly dictates the long-term lease structures that underpin their revenue. It's a focused strategy, really, targeting specific operators and investors who value that niche exposure.

Healthcare Providers: Physician groups, specialty centers, and rehab operators.

These operators are the direct users of the real estate. CHCT owns a portfolio of 200 real estate properties with 314 tenants across 36 states as of September 30, 2025. The focus is on income-producing properties associated primarily with outpatient healthcare services. You need to see the asset mix to understand who these providers are:

Property Type Segment	Percentage of Portfolio (Approximate)
Medical Office Buildings	36.3%
Inpatient Rehabilitation Facilities	19.4%

The company maintains significant tenant concentration risk, but it's spread across a few major players; the top two tenants account for 16.3% of annualized rent. That's the quick math on who is paying the bills.

Behavioral and Inpatient Rehabilitation Facility Operators.

This group is a key focus area, evidenced by recent capital deployment. Inpatient Rehabilitation Facilities make up 19.4% of the portfolio as of Q3 2025. Just last quarter, CHCT acquired one such facility in Florida for approximately $26.5 million, with a lease expiring in 2040, expecting a return of about 9.4%. Also, note the exposure to behavioral health; a tenant in six properties paid rent and interest of only about $0.2 million in Q3 2025, following significant credit loss reserves recorded earlier in the year, which is defintely something to watch.

Tenants in non-urban, secondary, and tertiary US markets.

CHCT explicitly targets properties primarily outside of major urban centers. This strategy aims to avoid competitive bidding situations for smaller, off-market healthcare facilities. Geographically, the portfolio is spread, but the largest concentrations as of Q3 2025 are:

• Texas: 16.9% of gross investment.
• Illinois: 11.7% of gross investment.
• Ohio: 9.8% of gross investment.
• Florida: 8.1% of gross investment.
• Pennsylvania: 5.9% of gross investment.

All other states combined represent 47.6% of the portfolio.

Common Stock Investors: Seeking high dividend yield and real estate exposure.

For the equity side, the appeal is the consistent income stream. Community Healthcare Trust Incorporated has increased its dividend every quarter since its IPO. The latest declared common stock cash dividend for the quarter ended September 30, 2025, was $0.475 per share, which equates to an annualized dividend of $1.90 per share. Based on recent pricing, the Forward Dividend Yield sits at a substantial 12.84%. The payout ratio against Adjusted Funds From Operations (AFFO) for that quarter was a manageable 84.8%, showing the dividend is covered by core cash flow. The last ex-dividend date was Nov 7, 2025.

Community Healthcare Trust Incorporated (CHCT) - Canvas Business Model: Cost Structure

The Cost Structure for Community Healthcare Trust Incorporated centers on financing its real estate portfolio and deploying capital into new, accretive assets, while managing overhead and debt service.

• High interest expense on debt, which climbed 13.1% YoY in Q3 2025.
• General and administrative (G&A) expenses, including management compensation.
• Property operating expenses (minimal due to NNN structure).
• Costs associated with property acquisitions and due diligence.
• Dividend payments, forecast to be around $53.5 million for 2025.

Interest expense for the third quarter of 2025 reached $7.1 million, up from $6.6 million in Q2 2025, driven by increased borrowings under the revolving credit facility to fund acquisitions. The company has approximately $180 million of floating rate exposure on its revolver borrowings, making interest expense sensitive to Federal Open Market Committee (FOMC) rate changes.

General and administrative expenses show volatility due to non-recurring items. Total G&A expense in Q2 2025 was $10.6 million, but this included a $5.9 million charge for severance and transition-related payments. Excluding this, the recurring G&A was $4.7 million for Q2 2025, which was a reduction of approximately $400,000 quarter-over-quarter. For context, G&A expenses were reported as $19 million in 2024.

Property operating expenses remain relatively low, consistent with a Triple Net (NNN) lease structure where tenants cover most property costs. For Q3 2025, these expenses saw a slight decrease year-over-year by approximately $50,000. For the three months ended June 30, 2025, property operating expenses were $5,585 thousand.

Capital deployment is a significant cost driver, reflecting the growth strategy. Community Healthcare Trust Incorporated closed on an inpatient rehab facility in Q3 2025 for approximately $26.5 million. In the first nine months of 2025 alone, the company acquired two healthcare properties for roughly $36.0 million. Furthermore, the company has six properties under definitive purchase agreements, representing a projected investment of approximately $146.0 million.

The commitment to shareholder returns is a fixed, large cash outflow. The forecast for total dividend payments for the full 2025 fiscal year is around $53.5 million. The quarterly dividend was increased to $0.4750 per share for the third quarter of 2025, implying an annualized dividend of $1.90 per share.

Here is a breakdown of key cost components based on recent reporting periods:

Cost Component	Latest Reported Period	Amount (USD)
Interest Expense	Q3 2025	$7.1 million
Property Operating Expenses	Q3 2025	Slight decrease YoY (approx. $50,000)
Recurring G&A Expense (Estimate)	Q2 2025 (Ex-Severance)	$4.7 million
Property Acquisition Cost (Single Asset)	Q3 2025 Closing	$26.5 million
Forecasted Annual Dividend Payments	FY 2025 Forecast	$53.5 million

The dividend payout ratio, based on the forecast, is projected to be high, with the AFFO dividend payout ratio remaining strong at 85% for Q3 2025. Finance: draft 13-week cash view by Friday.

Community Healthcare Trust Incorporated (CHCT) - Canvas Business Model: Revenue Streams

You're looking at the core engine of Community Healthcare Trust Incorporated (CHCT), which, like most healthcare REITs, is built for predictable, long-term cash flow. The revenue streams are straightforward, which is what investors in this space generally want to see.

Primary Revenue Stream: Rental Income

The overwhelming majority of Community Healthcare Trust Incorporated (CHCT)'s top line comes from rental income generated by its portfolio of income-producing real estate properties, which are almost exclusively under long-term triple-net leases. This structure means the tenants handle most property operating expenses, which helps stabilize Community Healthcare Trust Incorporated (CHCT)'s net revenue.

Here's a look at the revenue performance leading into the end of 2025:

Metric	Amount	Date/Period
Full Fiscal Year 2025 Revenue Projection	$121.59 million	Projected for FY 2025
Trailing Twelve Months Revenue (TTM)	$119.55 million	As of Q3 2025
Quarterly Revenue (Q3 2025)	$31.09 million	Quarter ending September 30, 2025
Annual Revenue (2024)	$115.79 million	Fiscal Year 2024

The projected full fiscal year 2025 revenue lands right around $121.59 million, showing continued, albeit modest, growth from the $115.79 million recorded in 2024. That growth is the result of successfully integrating new assets into the portfolio.

Incidental Income and Volatility

While rent is the main event, you also have to account for other items, especially interest income from notes receivable, which Community Healthcare Trust Incorporated (CHCT) considers incidental to its core leasing business. This stream can introduce volatility, as we saw in the second quarter of 2025.

For instance, in Q2 2025, the company recorded a negative impact due to a reversal of interest receivable totaling $1.7 million related to one specific tenant, alongside an $8.7 million credit loss reserve on notes receivable from that same operator. That's the risk you take when you have notes receivable that aren't perfectly aligned with your primary lease revenue.

Gains from Capital Recycling

Capital recycling-selling assets to fund new, potentially higher-yielding acquisitions-is a key component of portfolio management for Community Healthcare Trust Incorporated (CHCT). This generates non-recurring gains.

We saw this in action recently:

• Gain recognized on a real estate sale in Q2 2025: approximately $1.3 million.
• Recent disposition value as part of a 1031 exchange announced in December 2025: $29.7 million.
• Acquisition pipeline targeted for 2025-2027: approximately $146.0 million in definitive purchase agreements.

These dispositions allow Community Healthcare Trust Incorporated (CHCT) to reinvest proceeds, often at a higher capitalization rate, which supports future rental income growth. Finance: draft 13-week cash view by Friday.