Form 8-K
8-K — Community Healthcare Trust Inc
Accession: 0001631569-26-000039
Filed: 2026-08-04
Period: 2026-08-04
CIK: 0001631569
SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)
Item: Results of Operations and Financial Condition
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — chct-20260804.htm (Primary)
EX-99.1 (earningspressrelease2026q2.htm)
EX-99.2 (supplementalinfo2026q2vf.htm)
EX-99.3 (chct_investorxpresentati.htm)
GRAPHIC (chart-43484d2e3076402cb07a.jpg)
GRAPHIC (chct_investorxpresentati001.jpg)
GRAPHIC (chct_investorxpresentati002.jpg)
GRAPHIC (chct_investorxpresentati003.jpg)
GRAPHIC (chct_investorxpresentati004.jpg)
GRAPHIC (chct_investorxpresentati005.jpg)
GRAPHIC (chct_investorxpresentati006.jpg)
GRAPHIC (chct_investorxpresentati007.jpg)
GRAPHIC (chct_investorxpresentati008.jpg)
GRAPHIC (chct_investorxpresentati009.jpg)
GRAPHIC (chct_investorxpresentati010.jpg)
GRAPHIC (chct_investorxpresentati011.jpg)
GRAPHIC (chct_investorxpresentati012.jpg)
GRAPHIC (chct_investorxpresentati013.jpg)
GRAPHIC (chct_investorxpresentati014.jpg)
GRAPHIC (chct_investorxpresentati015.jpg)
GRAPHIC (chct_investorxpresentati016.jpg)
GRAPHIC (chct_investorxpresentati017.jpg)
GRAPHIC (chct_investorxpresentati018.jpg)
GRAPHIC (chct_investorxpresentati019.jpg)
GRAPHIC (chct_investorxpresentati020.jpg)
GRAPHIC (chct_investorxpresentati021.jpg)
GRAPHIC (chct_investorxpresentati022.jpg)
GRAPHIC (chct_investorxpresentati023.jpg)
GRAPHIC (chct_investorxpresentati024.jpg)
GRAPHIC (chctlogoa.jpg)
GRAPHIC (supplemental_backcovera.jpg)
GRAPHIC (supplemental_covera.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: chct-20260804.htm · Sequence: 1
chct-20260804
false000163156900016315692026-08-042026-08-04
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): August 4, 2026
COMMUNITY HEALTHCARE TRUST INCORPORATED
(Exact Name of Registrant as Specified in its Charter)
Maryland 001-37401 46-5212033
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
3326 Aspen Grove Drive, Suite 150, Franklin, Tennessee 37067
(Address of principal executive offices) (Zip Code)
(615) 771-3052
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each Class Trading Symbol Name of each exchange on which registered
Common stock, $0.01 par value per share CHCT New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition
On August 4, 2026, Community Healthcare Trust Incorporated (the "Company") issued a press release announcing its earnings for the second quarter ended June 30, 2026. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.
This information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act.
Item 7.01 Regulation FD Disclosure
The Company is furnishing its Supplemental Information for the second quarter ended June 30, 2026, which is also contained on its website (www.chct.reit). See Exhibit 99.2 to this Current Report on Form 8-K.
The Company has prepared a Strategic Plan Presentation for the second quarter ended June 30, 2026, which is also contained on its website (www.chct.reit). See Exhibit 99.3 to this Current Report on Form 8-K.
This information furnished pursuant to this Item 7.01, including Exhibits 99.2 and 99.3, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act.
Item 9.01 Financial Statements and Exhibits
The exhibits required by Item 601 of Regulation S-K which are filed with this report are listed in the Exhibit Index and are hereby incorporated in by reference.
EXHIBIT INDEX
Exhibit No. Description
99.1
Press release dated August 4, 2026
99.2
Supplemental Information - Second Quarter 2026
99.3
Strategic Plan Presentation dated August 2026
104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
COMMUNITY HEALTHCARE TRUST INCORPORATED
By: /s/ William G. Monroe IV
William G. Monroe IV
Executive Vice President and Chief Financial Officer
August 4, 2026
EX-99.1
EX-99.1
Filename: earningspressrelease2026q2.htm · Sequence: 2
Document
Exhibit 99.1
News Release
Community Healthcare Trust Announces Results for the Three Months Ended June 30, 2026
FRANKLIN, Tenn., August 4, 2026 / PRNewswire / -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced results for the three months ended June 30, 2026. The Company reported net income for the three months ended June 30, 2026 of approximately $2.4 million, or $0.06 per diluted common share. Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the three months ended June 30, 2026 totaled $0.48 and $0.56 per diluted common share, respectively.
Highlights include:
Strategic Plan Presentation
A new, strategic Investor Presentation is furnished as Exhibit 99.3 on our Form 8-K filed on August 4, 2026 and is also available on the Investor Relations section of the Company’s website at www.chct.reit. It highlights leadership's decisive steps to rightsize the dividend to fund growth. CHCT is enhancing its capital allocation policy to focus on acquisitions, redevelopment, occupancy growth, and operating improvements designed to drive long-term shareholder value. Key strategic priorities for the next 18-24 months include occupancy improvement to 92%, portfolio reinvestment with 9-12% yields on capital, strategic capital recycling with over $70 million of marketed dispositions, and acquisition growth beginning with the current $99 million high-quality pipeline under contract with 9-10% expected yields and approximately 2.5% escalators.
Dividend
The Board unanimously declared a quarterly common stock dividend of $0.33 per share, payable on August 31, 2026, to stockholders of record as of August 19, 2026. This represents a 31% reduction from the prior dividend payment and lowers the Company's AFFO payout ratio to approximately 60%, enabling the dividend to grow with earnings going forward. Reallocating this capital is expected to provide an additional $25 million to $30 million of retained capital over the next two years to fund accretive acquisitions, portfolio reinvestments, and occupancy improvements.
Expanded Disclosure
The Company has revised and expanded its Supplemental Information, filed as Exhibit 99.2 to Form 8-K. The enhanced report introduces Funds Available for Distribution (FAD), detailing leasing commissions, tenant improvements, and recurring capital expenditures. Additional disclosures include year-to-date property investments, dispositions, and capital recycling activity, alongside detailed portfolio metrics such as asset/ownership structures, leasing activity, lease types, and rent escalators.
Items Impacting Our Results include:
•During the second quarter of 2026, the Company sold a property, received net proceeds of approximately $0.4 million, and recorded a $46,000 gain on sale.
•During the second quarter of 2026, the geriatric behavioral hospital operator, a tenant in six of the Company's properties, paid $0.4 million in rent, an increase of $0.1 million from the first quarter of 2026. In July 2025, the tenant signed a Letter of Intent (LOI) for the sale of its business to a behavioral healthcare provider. The buyer is finalizing legal and business due diligence and has entered the drafting phase of the definitive purchase documents, including new leases on the six hospitals owned by the Company. While the transaction is progressing, the Company cannot provide assurance regarding the specific timing or the ultimate certainty of the closing.
1
•The Company has four properties under definitive purchase agreements, to be acquired after completion and occupancy, for an aggregate expected purchase price of approximately $99.0 million. The Company's expected returns on these investments are approximately 9.1% to 9.75%. The Company anticipates closing on one of these properties in the third quarter of 2026 and another in the fourth quarter of 2026 and the remaining two properties in 2027; however, the Company cannot provide assurance as to the timing of when, or whether, these transactions will actually close.
•During the second quarter of 2026, the Company did not issue any shares under its ATM program.
About Community Healthcare Trust Incorporated
Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of June 30, 2026, the Company had investments of approximately $1.2 billion in 197 real estate properties (including one property with sales-type leases). The properties are located in 36 states, totaling approximately 4.5 million square feet in the aggregate.
Additional information regarding the Company, including this quarter's operations, can be found at www.chct.reit. Please contact the Company at 615-771-3052 to request a printed copy of this information.
Cautionary Note Regarding Forward-Looking Statements
In addition to the historical information contained within, the matters discussed in this press release 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”, “will,” “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, changes in the real estate industry in general, interest rates or the general economy, adverse developments related to the healthcare industry, changes in governmental regulations, the degree and nature of the Company’s competition, the ability to consummate acquisitions under contract, catastrophic or extreme weather and other natural events and the physical effects of climate change, the occurrence of cyber incidents, effects on global and national markets as well as businesses resulting from increased inflation, changes in interest rates, supply chain disruptions, labor conditions, prolonged government shutdown or budgetary reductions or impasses, tariffs and global trade tensions, and/or international conflicts (including the conflicts in the Ukraine and in the Middle East), 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, 2025, 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 press release 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.
2
COMMUNITY HEALTHCARE TRUST INCORPORATED
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars and shares in thousands, except per share amounts)
June 30, 2026 December 31, 2025
(Unaudited)
ASSETS
Real estate properties:
Land and land improvements
$ 163,506 $ 154,673
Buildings, improvements, and lease intangibles
1,077,295 1,047,743
Personal property
814 813
Total real estate properties
1,241,615 1,203,229
Less accumulated depreciation
(301,593) (280,316)
Total real estate properties, net
940,022 922,913
Cash and cash equivalents
2,673 3,340
Assets held for sale — 5,265
Other assets, net
60,900 59,239
Total assets
$ 1,003,595 $ 990,757
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net
$ 559,321 $ 532,199
Accounts payable and accrued liabilities
17,691 14,925
Other liabilities, net
12,341 14,246
Total liabilities
589,353 561,370
Commitments and contingencies
Stockholders' Equity
Preferred stock, $0.01 par value; 50,000 shares authorized; none issued and outstanding
— —
Common stock, $0.01 par value; 450,000 shares authorized; 28,655 and 28,471 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively
287 285
Additional paid-in capital
722,454 717,450
Cumulative net income
95,689 90,777
Accumulated other comprehensive gain
9,047 6,691
Cumulative dividends
(413,235) (385,816)
Total stockholders’ equity
414,242 429,387
Total liabilities and stockholders' equity
$ 1,003,595 $ 990,757
The Consolidated Balance Sheets do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.
3
COMMUNITY HEALTHCARE TRUST INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025
(Unaudited; Dollars and shares in thousands, except per share amounts)
Three Months Ended
June 30, Six Months Ended
June 30,
2026 2025 2026 2025
REVENUES
Rental income $ 30,971 $ 30,128 $ 62,240 $ 59,858
Other operating interest 253 (1,043) 508 (695)
31,224 29,085 62,748 59,163
EXPENSES
Property operating 5,865 5,585 12,234 11,680
General and administrative(1)
4,890 10,559 9,998 15,659
Depreciation and amortization 10,738 10,879 21,395 21,822
21,493 27,023 43,627 49,161
OTHER (EXPENSE) INCOME
Net gains on sale, net of impairment of real estate assets 46 640 — 640
Interest expense (7,428) (6,592) (14,227) (12,944)
Credit loss reserve — (8,672) — (8,672)
Deferred income tax benefit 12 — 12 —
Interest and other income, net 3 5 6 8
(7,367) (14,619) (14,209) (20,968)
NET INCOME (LOSS) $ 2,364 $ (12,557) $ 4,912 $ (10,966)
Net income (loss) per common share - Basic & Diluted $ 0.06 $ (0.50) $ 0.12 $ (0.47)
Weighted Average Common Shares Outstanding-basic & Diluted 27,016 26,803 27,004 26,768
(1) General and administrative expenses for the three and six months ended June 30, 2025, included severance and transition-related expenses totaling $1.3 million related to a termination in 2025. Non-cash stock-based compensation expense for the three and six months ended June 30, 2026 totaled $2.8 million and $5.5 million. respectively. Non-cash stock-based compensation expense for the three and six months ended June 30, 2025 included accelerated amortization of $4.6 million related to the termination in 2025. Non-cash stock-based compensation expense for the three and six months ended June 30, 2025 totaled $7.1 million and $9.8 million, respectively.
The Consolidated Statements of Operations do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.
4
COMMUNITY HEALTHCARE TRUST INCORPORATED
RECONCILIATION OF FFO and AFFO (1)
(Unaudited; Dollars and shares in thousands, except per share amounts)
Three Months Ended June 30,
2026 2025
Net income $ 2,364 $ (12,557)
Real estate depreciation and amortization 10,900 10,861
Net gains on sale, net of impairment of real estate assets (46) (640)
Credit loss reserve(2)
— 8,672
Total adjustments 10,854 18,893
FFO (1)(2)(3)
$ 13,218 $ 6,336
Straight-line rent (591) (1,184)
Stock-based compensation 2,778 2,531
Accelerated amortization of stock-based compensation(4)
— 4,591
Severance and transition related expenses(4)
— 1,311
AFFO (1)(2)(3)
$ 15,405 $ 13,585
FFO per Common Share-Diluted (1)(2)
$ 0.48 $ 0.23
AFFO per Common Share-Diluted (1)(2)
$ 0.56 $ 0.50
Weighted Average Common Shares Outstanding-Diluted (5)
27,752 27,011
(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 is an operating performance measure 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.
In addition to FFO, the Company presents AFFO and AFFO per share. The Company defines AFFO 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.
(2)
During the three months ended June 30, 2025, the Company recorded a credit loss reserve on its notes related to a geriatric behavioral hospital tenant totaling approximately $8.7 million. Because these notes are incidental to the Company's main business, the Company added back these reserves in its calculations of FFO and AFFO.
(3)
During the three months ended June 30, 2025, the Company reversed interest related to a geriatric behavioral hospital tenant totaling approximately $1.7 million, resulting in a reduction of FFO and AFFO per diluted share of approximately $0.06.
(4) During the three months ended June 30, 2025, the Company recorded severance and transition-related charges totaling approximately $5.9 million, including non-cash accelerated amortization of stock-based compensation of approximately $4.6 million which reduced FFO per diluted common share by approximately $0.22.
(5)
Diluted weighted average common shares outstanding for FFO and AFFO are calculated based on the treasury method, rather than the 2-class method used to calculate earnings per share. Restricted stock awards and time-based RSUs are included in the calculation of weighted average common shares outstanding to the extent that they are dilutive. Performance-based RSUs are included in the calculation of weighted average common shares outstanding to the extent that they are in-the-money as of the end of the reporting period and are dilutive.
CONTACT: Bill Monroe, 615-771-3052
SOURCE: Community Healthcare Trust Incorporated
5
EX-99.2
EX-99.2
Filename: supplementalinfo2026q2vf.htm · Sequence: 3
Document
Exhibit 99.2
Second Quarter 2026 Supplemental Information
Table Of Contents
Corporate Information
3
Company Snapshot
4
Financial Highlights
5
Consolidated Balance Sheets
6
Consolidated Statements of Operations
7
Reconciliation of Non-GAAP Measures
8
Weighted Average Shares
10
Debt Summary
11
Investment Activity
12
Portfolio Diversification
13
Portfolio and Lease Statistics
14
Lease Expirations
15
Property Locations
16
Reporting Definitions
23
Disclaimers
26
Second Quarter 2026 Supplemental Information
Corporate Information
Community Healthcare Trust Incorporated
3326 Aspen Grove Drive, Suite 150
Franklin, TN 37067
About CHCT
$1.25bn 197 $101.4m 4.5m
Gross Real Estate Investments Property
Count Annualized
NOI Square
Feet
Executive Management Team Covering Analysts
David H. Dupuy A. Goldfarb
Chief Executive Officer and President Piper Sandler
William G. Monroe IV J. Kammert
Executive Vice President, Chief Financial Officer Evercore ISI
Leigh Ann Stach M. Lewis
Executive Vice President, Chief Accounting Officer Truist Securities
Mark Kearns B. Oxford
Senior Vice President, Asset Management Colliers International Securities
R. Stevenson
Huntington Securities
Board Of Directors Contacts
Alan Gardner Investor Relations
Chairman of the Board Phone: 615-771-3052
Robert Hensley E-mail: Investorrelations@chct.reit
Audit Committee Chair
Website: www.chct.reit
Claire Gulmi
Compensation Committee Chair Transfer Agent
R. Lawrence Van Horn Equiniti Trust Company
ESG Committee Chair 1-800-937-5449
Cathrine Cotman
Board Member Independent Registered Public Accounting Firm
David H. Dupuy BDO USA, P.C.
Board Member 501 Commerce Street, Suite 1400
Nashville, TN 37203
Second Quarter 2026 Supplemental Information
3
Company Snapshot
2Q 2026
Gross real estate investments (in thousands) (1)
$1,249,684
Total properties 197
% Leased 89.8 %
Total square feet owned 4,520,097
Weighted Average remaining lease term (years) 7.2
Cash and cash equivalents (in thousands) $2,673
Debt to Total Capitalization 43.9 %
Interest rate per annum on Revolving Line of Credit 5.3 %
Weighted average interest rate per annum on Term Loans (2)
4.7 %
Equity market cap (in millions) $523.8
Quarterly dividend paid in the period (per share) $0.48
Quarter end stock price (per share) $18.28
Dividend yield 10.5 %
Common shares outstanding 28,654,743
___________
(1) Includes one property with sales-type leases.
(2) Term Loans are fully hedged; this rate represents the weighted average hedged rates.
Second Quarter 2026 Supplemental Information
4
Financial Highlights (Amounts in thousands, except per share data)
Statements Of Operations Items 2Q 2026 1Q 2026 4Q 2025 3Q 2025 2Q 2025
Revenues $31,224 $31,524 $30,946 $31,086 $29,085
Net income (loss) $2,364 $2,548 $14,428 $1,640 ($12,557)
NOI $25,359 $25,155 $24,932 $25,156 $23,500
EBITDAre
$20,472 $20,050 $20,173 $20,505 $4,274
Adjusted EBITDAre
$23,250 $22,761 $22,772 $22,970 $20,068
FFO $13,218 $13,399 $13,329 $13,547 $6,336
AFFO $15,405 $15,350 $14,943 $15,099 $13,585
FAD $12,994 $13,313 $11,578 $11,863 $11,289
Per Diluted Share:
Net income (loss) attributable to common shareholders
$0.06 $0.07 $0.51 $0.03 ($0.50)
FFO $0.48 $0.49 $0.49 $0.50 $0.23
AFFO $0.56 $0.56 $0.55 $0.56 $0.50
Balance Sheet Items 2Q 2026 1Q 2026 4Q 2025 3Q 2025 2Q 2025
Assets
Total real estate properties $1,241,615 $1,238,080 $1,203,229 $1,190,151 $1,158,312
Total assets $1,003,595 $1,010,093 $990,757 $987,261 $966,292
Capitalization
Net debt $559,321 $559,260 $ 532,199 $530,138 $500,077
Total capitalization $1,275,156 $1,271,561 $ 1,241,902 $1,229,442 $1,200,858
Net debt/total capitalization 43.9% 44.0% 42.9% 43.1% 41.6%
Market valuation $523,809 $454,006 $ 467,501 $435,613 $471,766
Enterprise value $1,080,457 $1,010,649 $ 996,360 $962,368 $966,980
Second Quarter 2026 Supplemental Information
5
Consolidated Balance Sheets (Amounts in thousands)
Assets
2Q 2026 1Q 2026 4Q 2025 3Q 2025 2Q 2025
Land and land improvements
$163,506 $162,587 $154,673 $154,272 $152,887
Buildings, improvements, and lease intangibles
1,077,295 1,074,680 1,047,743 1,035,070 1,004,616
Personal property
814 813 813 809 809
Total real estate properties
$1,241,615 $1,238,080 $1,203,229 $1,190,151 $1,158,312
Less accumulated depreciation
(301,593) (290,958) (280,316) (272,481) (262,961)
Total real estate properties, net
$940,022 $947,122 $922,913 $917,670 $895,351
Cash and cash equivalents
2,673 2,617 3,340 3,383 4,863
Assets held for sale, net — — 5,265 6,205 5,465
Other assets, net
60,900 60,354 59,239 60,003 60,613
Total assets
$1,003,595 $1,010,093 $990,757 $987,261 $966,292
Liabilities And Stockholders' Equity
Debt, net
$559,321 $559,260 $532,199 $530,138 $500,077
Accounts payable and accrued liabilities
17,691 16,431 14,925 17,205 13,944
Other liabilities, net
12,341 13,059 14,246 13,095 14,451
Total liabilities
$589,353 $588,750 $561,370 $560,438 $528,472
Preferred stock
— — — — —
Common stock
287 286 285 285 284
Additional paid-in capital
722,454 719,819 717,450 714,890 712,498
Cumulative net income
95,689 93,325 90,777 76,349 74,709
Accumulated other comprehensive gain
9,047 7,395 6,691 7,568 9,121
Cumulative dividends
(413,235) (399,482) (385,816) (372,269) (358,792)
Total stockholders’ equity
$414,242 $421,343 $429,387 $426,823 $437,820
Total liabilities and stockholders' equity
$1,003,595 $1,010,093 $990,757 $987,261 $966,292
Second Quarter 2026 Supplemental Information
6
Consolidated Statements Of Operations (Amounts in thousands, except per share data)
2Q 2026 1Q 2026 4Q 2025 3Q 2025 2Q 2025
Revenues
Rental income
$30,971 $31,269 $30,679 $30,814 $30,128
Other operating interest
253 255 267 272 (1,043)
Total Revenues $31,224 $31,524 $30,946 $31,086 $29,085
Expenses
Property operating
5,865 6,369 6,014 5,930 5,585
General and administrative (1)
4,890 5,108 4,778 4,658 10,559
Depreciation and amortization
10,738 10,657 10,814 10,902 10,879
Total Expenses $21,493 $22,134 $21,606 $21,490 $27,023
Other (Expense) Income
Gain (loss), net of impairment, on the sale of real estate assets 46 (46) 12,051 (888) 640
Interest expense (7,428) (6,799) (6,959) (7,075) (6,592)
Credit loss reserve — — — — (8,672)
Deferred income tax benefit (expense) 12 — (23) — —
Interest and other income, net 3 3 19 7 5
Total Other (Expense) Income ($7,367) ($6,842) $5,088 ($7,956) ($14,619)
Net Income (Loss) $2,364 $2,548 $14,428 $1,640 ($12,557)
Net Income (Loss) Per Common Share - Basic & Diluted $0.06 $0.07 $0.51 $0.03 ($0.50)
Weighted Average Common Shares Outstanding
27,016 26,991 26,953 26,934 26,803
Dividends Declared, Per Common Share, In The Period
$0.4800 $0.4775 $0.4750 $0.4725 $0.4700
(1) General And Administrative Expenses:
Non-cash vs. Cash:
Non-cash (stock-based compensation)
56.8 % 53.1 % 54.4 % 52.9 % 54.3 %
Cash
43.2 % 46.9 % 45.6 % 47.1 % 45.7 %
As a % of Revenue:
Non-cash (stock-based compensation)
8.9 % 8.6 % 8.4 % 8.0 % 8.7 %
Cash
6.8 % 7.6 % 7.0 % 7.1 % 7.3 %
Second Quarter 2026 Supplemental Information
7
Reconciliation of Non-GAAP Measures (Amounts in thousands, except per share data)
FFO, AFFO, AFFO Adjusted, FAD
2Q 2026 1Q 2026 4Q 2025 3Q 2025 2Q 2025
Net Income (Loss) $2,364 $2,548 $14,428 $1,640 ($12,557)
Real estate depreciation and amortization 10,900 10,805 10,952 11,019 10,861
Credit loss reserve — — — — 8,672
(Gain) loss, net of impairment, on the sale of real estate assets (46) 46 (12,051) 888 (640)
FFO $13,218 $13,399 $13,329 $13,547 $6,336
Straight-line rent (591) (760) (985) (913) (1,184)
Stock-based compensation 2,778 2,711 2,599 2,465 2,531
Accelerated amortization of stock-based compensation — — — — 4,591
Severance and transition related expenses — — — — 1,311
AFFO $15,405 $15,350 $14,943 $15,099 $13,585
Non-real estate depreciation and amortization 24 26 28 29 17
Amortization of above (below) market leases (41) (38) 2 (41) (54)
Amortization of debt issuance costs 255 255 255 255 255
AFFO, Adjusted for other non-cash items $15,643 $15,593 $15,228 $15,342 $13,803
Leasing commissions (202) (607) (909) (804) (323)
Tenant improvements (1,107) (733) (1,278) (1,169) (448)
Recurring capex (1,340) (940) (1,463) (1,506) (1,743)
FAD $12,994 $13,313 $11,578 $11,863 $11,289
Per Diluted Share Amounts:
FFO Per Common Share
$0.48 $0.49 $0.49 $0.50 $0.23
AFFO Per Common Share
$0.56 $0.56 $0.55 $0.56 $0.50
Weighted Average Common Shares Outstanding 27,752 27,570 27,259 27,195 27,011
Second Quarter 2026 Supplemental Information
8
Reconciliation of Non-GAAP Measures (continued) (Amounts in thousands)
Net Operating Income (NOI)
2Q 2026 1Q 2026 4Q 2025 3Q 2025 2Q 2025
Net income (loss)
$2,364 $2,548 $14,428 $1,640 ($12,557)
General and administrative 4,890 5,108 4,778 4,658 4,657
Accelerated amortization of deferred compensation — — — — 4,591
Severance and transition-related compensation — — — — 1,311
Depreciation and amortization 10,738 10,657 10,814 10,902 10,879
(Gain) loss, net of impairment, on the sale of real estate assets (46) 46 (12,051) 888 (640)
Credit loss reserve — — — — 8,672
Interest expense 7,428 6,799 6,959 7,075 6,592
Deferred Income tax (benefit) expense (12) — 23 — —
Interest and other income, net (3) (3) (19) (7) (5)
NOI $25,359 $25,155 $24,932 $25,156 $23,500
Annualized NOI $101,436 $100,620 $99,728 $100,624 $94,000
EBITDAre And Adjusted EBITDAre
Net income (loss) $2,364 $2,548 $14,428 $1,640 ($12,557)
Interest expense 7,428 6,799 6,959 7,075 6,592
Depreciation and amortization 10,738 10,657 10,814 10,902 10,879
Deferred Income tax (benefit) expense (12) — 23 — —
(Gain) loss, net of impairment, on the sale of real estate assets (46) 46 (12,051) 888 (640)
EBITDAre
$20,472 $20,050 $20,173 $20,505 $4,274
Non-cash stock-based compensation expense 2,778 2,711 2,599 2,465 2,531
Accelerated amortization of stock-based compensation — — — — 4,591
Credit loss reserve — — — — 8,672
Adjusted EBITDAre
$23,250 $22,761 $22,772 $22,970 $20,068
Adjusted EBITDAre Annualized
$93,000 $91,044 $91,088 $91,880 $80,272
Second Quarter 2026 Supplemental Information
9
Weighted Average Shares (Amounts in thousands, except per share data)
Weighted Average Common Shares Outstanding 2Q 2026 1Q 2026 4Q 2025 3Q 2025 2Q 2025
Weighted average common shares outstanding 28,606 28,556 28,471 28,430 28,364
Unvested restricted shares
(1,590) (1,565) (1,518) (1,496) (1,561)
Weighted average common shares outstanding - EPS
27,016 26,991 26,953 26,934 26,803
Weighted average common shares outstanding - FFO Basic
27,016 26,991 26,953 26,934 26,803
Potential dilutive common shares (from below) 736 579 306 261 208
Weighted average common shares outstanding - FFO Diluted 27,752 27,570 27,259 27,195 27,011
Treasury Share Calculation
Unrecognized deferred compensation-end of period $16,233 $17,257 $17,665 $19,968 $19,919
Unrecognized deferred compensation-beginning of period $17,616 $17,665 $19,968 $19,919 $25,420
Average unrecognized deferred compensation $16,925 $17,461 $18,817 $19,944 $22,670
Average share price per share $17.36 $16.87 $14.93 $15.66 $16.50
Treasury shares 975 1,035 1,260 1,274 1,374
Unvested restricted shares (1,590) (1,565) (1,518) (1,496) (1,561)
Unvested restricted share units (121) (49) (48) (39) (21)
Treasury shares 975 1,035 1,260 1,274 1,374
Potential dilutive common shares 736 579 306 261 208
Second Quarter 2026 Supplemental Information
10
Debt Summary
Principal
Balance Floating
Rate Fixed
Rate Maturity
(in thousands)
Revolving credit facility $ 285,000 5.32% 10/2029
Term loan A-4 (fully hedged) 125,000 3.60% 3/2028
Term loan A-5 (fully hedged) 150,000 5.61% 3/2030
Debt 560,000
Deferred Financing Costs, net (679)
Debt, net $ 559,321
Selected Debt Covenant Performance
Metric Required 2Q 2026
Leverage ratio ≤ 60.0% 44.6 %
Fixed charge coverage ratio ≥ 1.50 3.0
Tangible net worth (in thousands) ≥ $504,476 $695,589
Secured indebtedness ≤ 30.0% — %
Minimum debt service coverage ratio ≥ 2.0 3.2
Second Quarter 2026 Supplemental Information
11
2026 Property Investments
Property Market Property
Type Date
Acquired % Leased at Acquisition
Purchase
Price
(in thousands)
Square Feet
Nobis Rehabilitation Hospital Pinellas Park, FL IRF 2/19/2026 100.0 % $28,500 37,151
100.0 % $28,500 37,151
2026 Property Dispositions and Capital Recycling
Property Market Property
Type Date
Disposed % Occupied
Sales
Price
(in thousands)
Square Feet
Colonial Blvd Office Fort Myers, FL SC 2/12/2026 — % $5,550 46,356
Batesville Regional Medical Center Batesville, MS MOB 6/5/2026 100.0 % $460 9,263
$6,010 55,619
Second Quarter 2026 Supplemental Information
12
Portfolio Diversification (Amounts in thousands, except property count)
Property Leased Square Footage Annualized Rent
Property Type Count Amount % Amount %
Medical Office Building (MOB) 92 1,933 47.6 % $ 40,357 35.0 %
Inpatient Rehabilitation Facilities (IRF) 11 438 10.8 % 26,808 23.2 %
Acute Inpatient Behavioral (AIB) 11 550 13.6 % 18,637 16.1 %
Specialty Centers (SC) 35 306 7.5 % 9,955 8.6 %
Physician Clinics (PC) 33 397 9.8 % 9,216 8.0 %
Surgical Centers and Hospitals (SCH) 6 140 3.4 % 4,628 4.0 %
Behavioral Specialty Facilities (BSF) 7 186 4.6 % 3,622 3.1 %
Long-term Acute Care Hospitals (LTACH) 2 109 2.7 % 2,312 2.0 %
Total 197 4,059 100 % $ 115,535 100 %
Property Leased Square Footage Annualized Rent
State Count Amount % Amount %
Florida 26 453 11.2 % $ 16,758 14.5 %
Texas 15 410 10.1 % 16,328 14.1 %
Ohio 25 462 11.4 % 11,070 9.6 %
Illinois 20 418 10.3 % 10,955 9.5 %
Pennsylvania 15 296 7.3 % 6,710 5.8 %
Maryland 5 160 3.9 % 4,611 4.0 %
Massachusetts 3 173 4.3 % 4,338 3.8 %
Louisiana 2 90 2.2 % 4,166 3.6 %
West Virginia 2 140 3.4 % 3,474 3.0 %
Georgia 7 166 4.1 % 3,373 2.9 %
All Others 77 1,291 31.8 % 33,752 29.2 %
Total 197 4,059 100 % $ 115,535 100 %
Property Leased Square Footage Annualized Rent
Tenant Count Amount % Amount %
US Healthvest 3 239 5.9 % $ 8,227 7.1 %
Lifepoint Health 4 124 3.1 % 7,269 6.3 %
PAM Health 2 93 2.3 % 5,637 4.9 %
Assurance Health 6 79 1.9 % 3,312 2.9 %
Summit Behavioral Healthcare 1 132 3.3 % 3,264 2.8 %
University of Pittsburgh Medical Center 6 114 2.8 % 3,053 2.6 %
Worcester Behavioral Innovations Hospital 1 82 2.0 % 2,814 2.4 %
Nobis Rehabilitation Partners 1 37 0.9 % 2,654 2.3 %
Exalt Health 1 37 0.9 % 2,654 2.3 %
Oceans Behavioral 2 60 1.5 % 2,586 2.2 %
All Others 170 3,062 75.4 % 74,065 64.2 %
Total 197 4,059 100 % $ 115,535 100 %
Second Quarter 2026 Supplemental Information
13
Portfolio Overview (Amounts in thousands, except property count)
Asset Type Property Count Leased Occupancy Annualized Rent
Gross RSF Amount %
Single-Tenant Outpatient 87 1,362 95.1 % $31,134 27.0 %
Multi-Tenant Outpatient 85 2,003 83.2 % 36,644 31.7 %
Inpatient Rehab Facilities(1)
13 547 100.0 % 29,120 25.2 %
Acute Inpatient Behavioral 12 608 90.4 % 18,637 16.1 %
Total Portfolio 197 4,520 89.8 % $115,535 100.0 %
(1) Includes two LTACH facilities.
Ownership Type Property Count Gross RSF
Fee Simple Ground Lease Fee Simple Ground Lease
Count / Square Footage 191 6 4,420 100
% of Total Portfolio 97.0 % 3.0 % 97.8 % 2.2 %
Lease Statistics (Amounts in thousands)
Lease Activity 2Q 2026 1Q 2026 4Q 2025 3Q 2025 2Q 2025
Leased Square Feet at beginning of period 4,073 4,076 4,059 4,063 4,073
Vacancies (57) (93) (22) (76) (19)
New leases 51 53 43 35 9
Acquisitions/(Dispositions) (9) 37 (4) 37 —
Leased Square Feet at end of period 4,059 4,073 4,076 4,059 4,063
Renewals square feet 155 83 78 249 102
Trailing 12-months retention rate 69.5 % 71.0 % 82.8 % 78.3 % 68.7 %
Lease Type & Escalators Leased RSF % Total Average Annual Fixed Lease Escalator % % of Leases with Fixed Escalators
Net 3,501 86.3 %
Modified Gross 378 9.3 %
Gross 180 4.4 %
Total 4,059 100.0 % 2.0 % 93.4 %
Second Quarter 2026 Supplemental Information
14
Lease Expirations
Leased Sq. Ft. Annualized Rent
Year Number of
Leases
Amount
(thousands)
Percent (%)
Amount ($)
(thousands)
Percent (%)
2026 30 157 3.9 % $ 3,065 2.6 %
2027 75 415 10.2 % 9,426 8.1 %
2028 72 466 11.5 % 9,764 8.4 %
2029 50 392 9.7 % 10,266 8.9 %
2030 36 299 7.4 % 7,023 6.1 %
2031 45 527 13.0 % 14,205 12.3 %
2032 25 196 4.8 % 3,989 3.5 %
2033 15 83 2.0 % 1,970 1.7 %
2034 21 267 6.6 % 9,668 8.4 %
2035 16 233 5.7 % 9,013 7.8 %
Thereafter 45 1,015 25.0 % 36,968 32.0 %
Month-to-Month 7 9 0.2 % 178 0.2 %
Totals 437 4,059 100 % $ 115,535 100 %
Second Quarter 2026 Supplemental Information
15
Property Locations
Approximately 55% of our property revenues are in MSAs with populations over 1,000,000 and approximately 95% are in statistical areas with populations over 100,000.
Property Name Property Type Area % of Square Feet Annualized
Rent ($000's) % of Annualized
Rent Population MSA/MISA Rank
Lancaster MOB MOB 10,098 0.22 % $ 313.8 0.27 % 12,844,441 Los Angeles-Long Beach-Anaheim, CA 2
Congress Medical Building 350 MOB 17,543 0.39 % $ 169.7 0.15 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Congress Medical Building 390 MOB 30,855 0.68 % $ 526.9 0.46 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Future Diagnostics Group SC 8,876 0.20 % $ 320.5 0.28 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Gurnee Medical Office Building MOB 22,968 0.51 % $ 207.3 0.18 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
New Lenox Medical Clinic PC 7,905 0.17 % $ 347.8 0.30 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Morris Medical Center MOB 18,470 0.41 % $ 388.7 0.34 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Oak Lawn Medical Plaza MOB 26,508 0.59 % $ 468.8 0.41 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Lincolnwood Medical Building PC 14,863 0.33 % $ 323.4 0.28 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Joliet Medical Building SC 44,888 0.99 % $ 462.0 0.40 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Endeavor Health PC 13,700 0.30 % $ 293.2 0.25 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Skin MD PC 13,565 0.30 % $ 539.8 0.47 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Chicago Behavioral Hospital AIB 85,000 1.88 % $ 2,316.1 2.00 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
US HealthVest - Lake AIB 83,658 1.85 % $ 3,054.1 2.64 % 9,434,123 Chicago-Naperville-Elgin, IL-IN 3
Texas Rehabilitation Hospital of Fort Worth, LLC IRF 39,761 0.88 % $ 2,109.9 1.83 % 8,477,157 Dallas-Fort Worth-Arlington, TX 4
Bayside Medical Center MOB 50,593 1.12 % $ 1,119.8 0.97 % 7,904,627 Houston-Pasadena-The Woodlands, TX 5
Gessner Road MOB MOB 14,347 0.32 % $ 368.2 0.32 % 7,904,627 Houston-Pasadena-The Woodlands, TX 5
Clear Lake Institute for Rehabilitation IRF 55,646 1.23 % $ 3,137.2 2.72 % 7,904,627 Houston-Pasadena-The Woodlands, TX 5
TRT Recovery Cartersville, LLC BSF 38,339 0.85 % $ 1,048.8 0.91 % 6,482,182 Atlanta-Sandy Springs-Roswell, GA 6
Dahlonega Medical Mall MOB 22,805 0.50 % $ 399.3 0.35 % 6,482,182 Atlanta-Sandy Springs-Roswell, GA 6
Clinton Towers MOB MOB 37,371 0.83 % $ 917.9 0.79 % 6,465,724 Washington-Arlington-Alexandria, DC-VA-MD-WV 7
2301 Research Boulevard MOB 93,130 2.06 % $ 2,432.7 2.11 % 6,465,724 Washington-Arlington-Alexandria, DC-VA-MD-WV 7
Haddon Hill Professional Center MOB 25,118 0.56 % $ 303.7 0.26 % 6,329,118 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 9
Hopebridge - Westlake BSF 15,057 0.33 % $ 239.2 0.21 % 6,329,118 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 9
Continuum Wellness Center MOB 8,227 0.18 % $ 172.9 0.15 % 5,228,938 Phoenix-Mesa-Chandler, AZ 10
Second Quarter 2026 Supplemental Information
16
Property Name Property Type Area % of Square Feet Annualized
Rent ($000's) % of Annualized
Rent Population MSA/MISA Rank
Virtuous Health Center SCH 11,722 0.26 % $ 441.3 0.38 % 5,228,938 Phoenix-Mesa-Chandler, AZ 10
Desert Mtn Health Center BSF 14,046 0.31 % $ 647.2 0.56 % 5,228,938 Phoenix-Mesa-Chandler, AZ 10
Associated Surgical Center of Dearborn SCH 12,400 0.27 % $ 377.8 0.33 % 4,390,913 Detroit-Warren-Dearborn, MI 14
Berry Surgical Center SCH 27,217 0.60 % $ 653.0 0.57 % 4,390,913 Detroit-Warren-Dearborn, MI 14
Smokey Point Behavioral Hospital AIB 70,100 1.55 % $ 2,856.6 2.47 % 4,161,883 Seattle-Tacoma-Bellevue, WA 15
Sanford Health Bemidji 1611 MOB 45,800 1.01 % $ 1,616.3 1.40 % 3,790,295 Minneapolis-St. Paul-Bloomington, MN-WI 16
Sanford Health Bemidji 1705 MOB 28,900 0.64 % $ 649.5 0.56 % 3,790,295 Minneapolis-St. Paul-Bloomington, MN-WI 16
Bay Area Physicians Center MOB 17,943 0.40 % $ 421.5 0.36 % 3,418,895 Tampa-St. Petersburg-Clearwater, FL 17
Nobis Rehabilitation Hospital IRF 37,151 0.82 % $ 2,654.5 2.30 % 3,418,895 Tampa-St. Petersburg-Clearwater, FL 17
Sanderling Dialysis Center - 2102 SC 11,300 0.25 % $ 450.1 0.39 % 3,282,248 San Diego-Chula Vista-Carlsbad, CA 18
Liberty Dialysis SC 8,450 0.19 % $ 270.7 0.23 % 3,092,037 Denver-Aurora-Centennial, CO 19
Bassin Center For Plastic-Surgery-Villages PC 2,894 0.06 % $ 183.0 0.16 % 2,957,672 Orlando-Kissimmee-Sanford, FL 20
Kissimmee Medical Plaza PC 4,634 0.10 % $ 139.0 0.12 % 2,957,672 Orlando-Kissimmee-Sanford, FL 20
PAM Health Rehabilitation Hospital of Ocoee IRF 37,151 0.82 % $ 2,500.0 2.16 % 2,957,672 Orlando-Kissimmee-Sanford, FL 20
Orthopaedic Associates of Osceola PC 15,167 0.34 % $ 378.7 0.33 % 2,957,672 Orlando-Kissimmee-Sanford, FL 20
Medical Village at Wintergarden MOB 21,532 0.48 % $ 642.8 0.56 % 2,957,672 Orlando-Kissimmee-Sanford, FL 20
Waters Edge Medical MOB 23,388 0.52 % $ 412.8 0.36 % 2,857,781 Baltimore-Columbia-Towson, MD 22
Northbay Professional Pavilion MOB 19,656 0.43 % $ 488.3 0.42 % 2,857,781 Baltimore-Columbia-Towson, MD 22
Righttime Medical Care SC 6,236 0.14 % $ 359.5 0.31 % 2,857,781 Baltimore-Columbia-Towson, MD 22
Belleville Medical Office PC 6,487 0.14 % $ — — % 2,814,421 St. Louis, MO-IL 23
Eyecare Partners - 1310 PC 5,560 0.12 % $ 55.5 0.05 % 2,814,421 St. Louis, MO-IL 23
Eyecare Partners - 3990 SCH 16,608 0.37 % $ 310.6 0.27 % 2,814,421 St. Louis, MO-IL 23
Eyecare Partners - 204 PC 6,311 0.14 % $ 52.0 0.05 % 2,814,421 St. Louis, MO-IL 23
Heartland Women's Healthcare of Advantia Shiloh PC 16,212 0.36 % $ 366.6 0.32 % 2,814,421 St. Louis, MO-IL 23
Heartland Women's Healthcare of Advantia Wentzville PC 7,900 0.17 % $ 140.4 0.12 % 2,814,421 St. Louis, MO-IL 23
Baptist Health PC 13,500 0.30 % $ 387.5 0.34 % 2,813,140 San Antonio-New Braunfels, TX 24
San Antonio Head & Neck Surgical Associates PC 6,500 0.14 % $ 199.4 0.17 % 2,813,140 San Antonio-New Braunfels, TX 24
Rehabilitation Institute of South San Antonio IRF 38,000 0.84 % $ 2,203.1 1.91 % 2,813,140 San Antonio-New Braunfels, TX 24
JDH Professional Building MOB 12,376 0.27 % $ 264.5 0.23 % 2,813,140 San Antonio-New Braunfels, TX 24
The Heart & Vascular Center PC 15,878 0.35 % $ 323.4 0.28 % 2,421,992 Pittsburgh, PA 28
Second Quarter 2026 Supplemental Information
17
Property Name Property Type Area % of Square Feet Annualized
Rent ($000's) % of Annualized
Rent Population MSA/MISA Rank
Butler Medical Center MOB 10,116 0.22 % $ 172.5 0.15 % 2,421,992 Pittsburgh, PA 28
Forefront Dermatology Building PC 15,650 0.35 % $ 357.9 0.31 % 2,421,992 Pittsburgh, PA 28
Nesbitt Place MOB 56,003 1.24 % $ 1,078.3 0.93 % 2,421,992 Pittsburgh, PA 28
Greentree Primary Care MOB 33,715 0.75 % $ 1,053.5 0.91 % 2,421,992 Pittsburgh, PA 28
Vascular Access Centers of Southern Nevada SC 4,800 0.11 % $ 131.4 0.11 % 2,407,226 Las Vegas-Henderson-North Las Vegas, NV 29
Assurance Health System - 11690 AIB 14,381 0.32 % $ 601.5 0.52 % 2,312,858 Cincinnati, OH-KY-IN 30
Cavalier Medical & Dialysis Center MOB 17,614 0.39 % $ 224.9 0.19 % 2,312,858 Cincinnati, OH-KY-IN 30
51 Cavalier Blvd MOB 17,935 0.40 % $ 228.1 0.20 % 2,312,858 Cincinnati, OH-KY-IN 30
Anderson Ferry Plaza MOB 43,791 0.97 % $ 654.1 0.57 % 2,312,858 Cincinnati, OH-KY-IN 30
Liberty Rehabilitation Hospital IRF 37,720 0.83 % $ 2,556.6 2.21 % 2,312,858 Cincinnati, OH-KY-IN 30
Florence Medical Building MOB 17,845 0.39 % $ 263.3 0.23 % 2,312,858 Cincinnati, OH-KY-IN 30
Prairie Star Medical Facility I MOB 24,724 0.55 % $ 648.1 0.56 % 2,270,682 Kansas City, MO-KS 31
Prairie Star Medical Facility II MOB 24,842 0.55 % $ 292.5 0.25 % 2,270,682 Kansas City, MO-KS 31
Ravines Edge MOB 16,751 0.37 % $ — — % 2,242,028 Columbus, OH 32
Hope Valley Recovery - Circleville BSF 7,787 0.17 % $ 88.5 0.08 % 2,242,028 Columbus, OH 32
Sedalia Medical Center MOB 19,426 0.43 % $ 342.8 0.30 % 2,242,028 Columbus, OH 32
Assurance Health, LLC AIB 10,200 0.23 % $ 395.3 0.34 % 2,205,695 Indianapolis-Carmel-Greenwood, IN 33
Assurance Health System - 900 AIB 13,722 0.30 % $ 538.0 0.47 % 2,205,695 Indianapolis-Carmel-Greenwood, IN 33
Kindred Hospital Indianapolis North LTACH 38,123 0.84 % $ 1,652.4 1.43 % 2,205,695 Indianapolis-Carmel-Greenwood, IN 33
Brook Park Medical Building MOB 18,444 0.41 % $ 99.7 0.09 % 2,165,775 Cleveland, OH 35
Smith Road MOB 16,802 0.37 % $ 334.7 0.29 % 2,165,775 Cleveland, OH 35
Assurance - Hudson AIB 13,290 0.29 % $ 601.7 0.52 % 2,165,775 Cleveland, OH 35
Rockside Medical Center MOB 55,413 1.23 % $ 759.5 0.66 % 2,165,775 Cleveland, OH 35
Westlake Medical Office MOB 14,100 0.31 % $ 244.2 0.21 % 2,165,775 Cleveland, OH 35
Virginia Orthopaedic & Spine Specialists PC 8,445 0.19 % $ 162.5 0.14 % 1,797,213 Virginia Beach-Chesapeake-Norfolk, VA-NC 37
LTAC Hospital of SE Massachusetts LTACH 70,657 1.56 % $ 659.4 0.57 % 1,708,161 Providence-Warwick, RI-MA 39
Warwick Oncology Center SC 10,236 0.23 % $ 325.3 0.28 % 1,708,161 Providence-Warwick, RI-MA 39
South County Hospital PC 13,268 0.29 % $ 330.4 0.29 % 1,708,161 Providence-Warwick, RI-MA 39
Mercy Rehabilitation Hospital IRF 39,637 0.88 % $ 2,109.9 1.83 % 1,512,813 Oklahoma City, OK 42
Memphis Center MOB 11,669 0.26 % $ 246.5 0.21 % 1,341,412 Memphis, TN-MS-AR 45
Sanderling Dialysis Center - 7710 SC 10,133 0.22 % $ 599.8 0.52 % 1,341,412 Memphis, TN-MS-AR 45
Second Quarter 2026 Supplemental Information
18
Property Name Property Type Area % of Square Feet Annualized
Rent ($000's) % of Annualized
Rent Population MSA/MISA Rank
Gardendale MOB MOB 12,956 0.29 % $ 333.0 0.29 % 1,197,766 Birmingham, AL 48
Sanford West Behavioral Facility BSF 96,886 2.14 % $ 1,421.3 1.23 % 1,183,645 Grand Rapids-Wyoming-Kentwood, MI 49
Glastonbury MOB 48,375 1.07 % $ 961.9 0.83 % 1,171,426 Hartford-West Hartford-East Hartford, CT 50
Sterling Medical Center MOB 28,478 0.63 % $ 592.8 0.51 % 1,155,653 Buffalo-Cheektowaga, NY 51
Los Alamos Professional Plaza MOB 43,395 0.96 % $ 432.3 0.37 % 921,549 McAllen-Edinburg-Mission, TX 64
UMass Memorial Health Cancer Center SC 20,046 0.44 % $ 865.2 0.75 % 888,502 Worcester, MA 68
Worcester Behavioral AIB 81,972 1.81 % $ 2,813.8 2.44 % 888,502 Worcester, MA 68
El Paso Rehabilitation Hospital IRF 38,000 0.84 % $ 2,203.1 1.91 % 881,291 El Paso, TX 70
Columbia Gastroenterology Surgery Center PC 17,016 0.38 % $ 352.7 0.31 % 879,918 Columbia, SC 71
Genesis Care - Bonita Springs SC 4,445 0.10 % $ 304.6 0.26 % 875,607 Cape Coral-Fort Myers, FL 72
Cape Coral Suite 3 SC 12,130 0.27 % $ 477.8 0.41 % 875,607 Cape Coral-Fort Myers, FL 72
Cape Coral Suite 3A MOB 2,023 0.04 % $ 41.4 0.04 % 875,607 Cape Coral-Fort Myers, FL 72
Cape Coral Suite 5 & 6 MOB 6,379 0.14 % $ 107.4 0.09 % 875,607 Cape Coral-Fort Myers, FL 72
Corporate Office 3660 MOB 22,104 0.49 % $ 658.3 0.57 % 875,607 Cape Coral-Fort Myers, FL 72
Corporate Annex Building MOB 16,000 0.35 % $ 329.0 0.28 % 875,607 Cape Coral-Fort Myers, FL 72
Wildwood Hammock RPET Facility SC 10,832 0.24 % $ 455.2 0.39 % 875,607 Cape Coral-Fort Myers, FL 72
Wildwood Hammock - Diagnostic Imaging SC 9,376 0.21 % $ 430.4 0.37 % 875,607 Cape Coral-Fort Myers, FL 72
Wildwood Hammock - Northland MOB 1,201 0.03 % $ 14.4 0.01 % 875,607 Cape Coral-Fort Myers, FL 72
Eye Health of America 4101 MOB 43,322 0.96 % $ 1,026.2 0.89 % 875,607 Cape Coral-Fort Myers, FL 72
Eye Health of America 2665 MOB 3,200 0.07 % $ 36.2 0.03 % 875,607 Cape Coral-Fort Myers, FL 72
Eye Health of America 1320 MOB 6,757 0.15 % $ 63.0 0.05 % 875,607 Cape Coral-Fort Myers, FL 72
Everest Physical Rehabilitation Hospital IRF 37,151 0.82 % $ 2,654.5 2.30 % 874,790 Lakeland-Winter Haven, FL 73
Parkway Professional Plaza MOB 41,909 0.93 % $ 1,014.4 0.88 % 874,790 Lakeland-Winter Haven, FL 73
Davita Turner Road SC 18,125 0.40 % $ 372.7 0.32 % 826,554 Dayton-Kettering-Beavercreek, OH 76
Davita Springboro Pike SC 10,510 0.23 % $ 192.4 0.17 % 826,554 Dayton-Kettering-Beavercreek, OH 76
Davita Business Center Court SC 12,988 0.29 % $ 242.4 0.21 % 826,554 Dayton-Kettering-Beavercreek, OH 76
Mercy One Physicians Clinic PC 17,318 0.38 % $ 414.3 0.36 % 758,539 Des Moines-West Des Moines, IA 82
Daytona Medical Office MOB 20,193 0.45 % $ 382.3 0.33 % 746,933 Deltona-Daytona Beach-Ormond Beach, FL 83
Debary Professional Plaza MOB 21,361 0.47 % $ 348.2 0.30 % 746,933 Deltona-Daytona Beach-Ormond Beach, FL 83
UW Health Clinic- Portage PC 14,000 0.31 % $ 342.3 0.30 % 709,685 Madison, WI 86
Second Quarter 2026 Supplemental Information
19
Property Name Property Type Area % of Square Feet Annualized
Rent ($000's) % of Annualized
Rent Population MSA/MISA Rank
Novus Clinic SCH 14,315 0.32 % $ 309.8 0.27 % 701,780 Akron, Oh 87
Aurora Health Center PC 15,650 0.35 % $ 344.3 0.30 % 701,780 Akron, Oh 87
Bassin Center For Plastic Surgery-Melbourne PC 5,228 0.12 % $ 330.6 0.29 % 663,982 Palm Bay-Melbourne-Titusville, FL 89
Cypress Medical Center MOB 37,428 0.83 % $ 471.1 0.41 % 663,809 Wichita, KS 90
Family Medicine East PC 16,581 0.37 % $ — — % 663,809 Wichita, KS 90
Wichita Medical Clinic PC 18,681 0.41 % $ — — % 663,809 Wichita, KS 90
Mercy Rehabilitation Hospital - Northwest Arkansas IRF 38,817 0.86 % $ 2,330.5 2.02 % 622,177 Fayetteville-Springdale-Rogers, AR 94
Pennsylvania Gastroenterology PC 20,400 0.45 % $ 605.0 0.52 % 617,427 Harrisburg-Carlisle, PA 95
Penn State Health - Camp Hill SC 8,400 0.19 % $ — — % 617,427 Harrisburg-Carlisle, PA 95
Penn State Health - Harrisburg SC 10,000 0.22 % $ 200.9 0.17 % 617,427 Harrisburg-Carlisle, PA 95
Perrysburg Medical Arts Building MOB 26,585 0.59 % $ 508.8 0.44 % 599,376 Toledo, OH 98
Sunforest Ct Medical Center MOB 23,368 0.52 % $ 339.3 0.29 % 599,376 Toledo, OH 98
Assurance - Toledo AIB 13,290 0.29 % $ 565.4 0.49 % 599,376 Toledo, OH 98
Granite Circle MOB 17,164 0.38 % $ 244.2 0.21 % 599,376 Toledo, OH 98
Cardiology Associates of Greater Waterbury PC 16,793 0.37 % $ 348.5 0.30 % 578,741 New Haven, CT 100
Riverview Medical Center MOB 26,427 0.58 % $ 803.5 0.70 % 574,418 Scranton--Wilkes-Barre, PA 103
NEI - 200 MOB 22,743 0.50 % $ 409.4 0.35 % 574,418 Scranton--Wilkes-Barre, PA 103
NEI - 204 MOB 15,768 0.35 % $ 236.4 0.20 % 574,418 Scranton--Wilkes-Barre, PA 103
Treasure Coast Medical Pavilion MOB 55,844 1.24 % $ 938.0 0.81 % 568,721 Port St. Lucie, FL 104
Grandview Plaza MOB 20,042 0.44 % $ 322.7 0.28 % 563,159 Lancaster, PA 105
Pinnacle Health PC 10,753 0.24 % $ 252.7 0.22 % 563,159 Lancaster, PA 105
Manteca Medical Group Building MOB 10,519 0.23 % $ 331.6 0.29 % 557,719 Modesto, CA 106
Gulf Coast Cancer Centers-Brewton SC 3,971 0.09 % $ — — % 556,444 Huntsville, AL 107
Martin Foot & Ankle Clinic PC 27,100 0.60 % $ 440.4 0.38 % 473,197 York-Hanover, PA 116
Lafayette Behavioral AIB 31,650 0.70 % $ 1,630.9 1.41 % 423,758 Lafayette, LA 132
Biltmore Medical Office SC 11,099 0.25 % $ 229.2 0.20 % 422,345 Asheville, NC 134
Genesis Care - Weaverville SC 10,696 0.24 % $ 480.0 0.42 % 422,345 Asheville, NC 134
Belden Medical Arts Building MOB 47,366 1.05 % $ 506.7 0.44 % 400,246 Canton-Massillon, OH 140
Hills & Dales Professional Center MOB 27,881 0.62 % $ 371.0 0.32 % 400,246 Canton-Massillon, OH 140
Prattville Town Center Medical Office Bldg MOB 13,319 0.29 % $ 278.4 0.24 % 388,747 Montgomery, AL 145
Bluewater Orthopedics Center MOB 10,255 0.23 % $ 226.6 0.20 % 315,098 Crestview-Fort Walton Beach-Destin, FL 168
Second Quarter 2026 Supplemental Information
20
Property Name Property Type Area % of Square Feet Annualized
Rent ($000's) % of Annualized
Rent Population MSA/MISA Rank
Wellmont Bristol Urgent Care SC 4,548 0.10 % $ 79.6 0.07 % 314,834 Kingsport-Bristol, TN-VA 169
Norton Medical Clinic SC 4,843 0.11 % $ 60.3 0.05 % 314,834 Kingsport-Bristol, TN-VA 169
Norton Medical Plaza MOB 32,773 0.73 % $ 340.8 0.29 % 314,834 Kingsport-Bristol, TN-VA 169
Steeles Road Medical Building PC 10,804 0.24 % $ 164.8 0.14 % 314,834 Kingsport-Bristol, TN-VA 169
Londonderry Centre MOB 21,203 0.47 % $ 447.7 0.39 % 308,807 Waco, TX 171
Longview Rehabilitation Hospital IRF 38,817 0.86 % $ 2,349.2 2.03 % 297,315 Longview, TX 173
Gulf Coast Cancer Centers-Foley SC 6,146 0.14 % $ 178.2 0.15 % 267,761 Daphne-Fairhope-Foley, AL 189
Gulf Shores Building SC 6,398 0.14 % $ 51.3 0.04 % 267,761 Daphne-Fairhope-Foley, AL 189
Monroe Surgical Hospital SCH 58,121 1.29 % $ 2,535.5 2.19 % 222,390 Monroe, LA 217
Ft. Valley Dialysis Center SC 4,920 0.11 % $ 88.8 0.08 % 208,091 Warner Robins, GA 228
Meridian Behavioral Health Systems AIB 132,430 2.93 % $ 3,263.5 2.82 % 200,170 Charleston, WV 233
Tuscola Professional Building MOB 25,500 0.56 % $ 622.4 0.54 % 187,688 Saginaw, MI 241
Kedplasma SC 12,870 0.28 % $ 272.1 0.24 % 186,177 Burlington, NC 243
Redding Oncology Center SC 12,206 0.27 % $ 585.9 0.51 % 181,648 Redding, CA 249
Decatur Morgan Hospital Medical Office Building MOB 35,933 0.79 % $ 201.7 0.17 % 160,326 Decatur, AL 272
Bourbonnais Medical Center MOB 54,894 1.21 % $ 618.2 0.54 % 105,525 Kankakee, IL 351
Parkside Family & Davita Clinics MOB 15,637 0.35 % $ 222.2 0.19 % 99,864 Victoria, TX 363
Hopebridge - Columbus BSF 13,969 0.31 % $ 177.4 0.15 % 85,729 Columbus, IN 375
Cub Lake Square MOB 48,528 1.07 % $ 1,052.7 0.91 % 109,946 Show Low, AZ n/a
UPMC Specialty Care MOB 25,982 0.57 % $ 453.4 0.39 % 107,860 Hermitage, PA n/a
Emory Healthcare - 303 MOB 61,301 1.36 % $ 952.6 0.82 % 107,097 LaGrange, GA-AL n/a
Emory Southern Orthopedics - 1805 MOB 31,473 0.70 % $ 733.5 0.63 % 107,097 LaGrange, GA-AL n/a
Emory Southern Orthopedics - 1801 MOB 2,972 0.07 % $ 62.7 0.05 % 107,097 LaGrange, GA-AL n/a
Emory Healthcare - 1610 MOB 5,600 0.12 % $ 87.0 0.08 % 107,097 LaGrange, GA-AL n/a
Davita Etowah Dialysis Center SC 4,720 0.10 % $ 71.6 0.06 % 71,590 Athens, TN n/a
Marion Medical Plaza MOB 27,246 0.60 % $ 390.3 0.34 % 65,115 Marion, OH n/a
Pahrump Medical Plaza MOB 12,545 0.28 % $ 487.2 0.42 % 57,336 Pahrump, NV n/a
Corsicana Medical Plaza MOB 17,746 0.39 % $ 378.1 0.33 % 57,181 Corsicana, TX n/a
Arkansas Valley Surgery Center MOB 10,717 0.24 % $ 241.5 0.21 % 50,039 Cañon City, CO n/a
Baylor Scott & White Clinic PC 37,354 0.83 % $ 505.8 0.44 % 38,288 Brenham, TX n/a
Fremont Medical Office Building & Surgery Ctr MOB 13,050 0.29 % $ 348.5 0.30 % 38,057 Fremont, NE n/a
Second Quarter 2026 Supplemental Information
21
Property Name Property Type Area % of Square Feet Annualized
Rent ($000's) % of Annualized
Rent Population MSA/MISA Rank
Eyecare Partners - 408 PC 8,421 0.19 % $ 134.3 0.12 % 36,382 Centralia, IL n/a
Ottumwa Medical Clinic - 1005 MOB 68,895 1.52 % $ 747.2 0.65 % 35,210 Ottumwa, IA n/a
Ottumwa Medical Clinic - 1007 MOB 6,850 0.15 % $ 96.2 0.08 % 35,210 Ottumwa, IA n/a
Fresenius Gallipolis Dialysis Center SC 15,110 0.33 % $ 160.2 0.14 % 29,072 Gallipolis, OH n/a
Sanderling Dialysis Center - 780 SC 4,186 0.09 % $ 320.4 0.28 % 26,410 Crescent City, CA n/a
Princeton Cancer Center SC 7,236 0.16 % $ 210.6 0.18 % County: 57,454 Rural - No CBSA n/a
Andalusia Medical Plaza SC 10,373 0.23 % $ 301.4 0.26 % County: 37,750 Rural - No CBSA n/a
North Mississippi Health Services - 1107 MOB 17,629 0.39 % $ 102.0 0.09 % County: 33,928 Rural - No CBSA n/a
North Mississippi Health Services - 1111 MOB 27,743 0.61 % $ 160.5 0.14 % County: 33,928 Rural - No CBSA n/a
North Mississippi Health Services - 1127 MOB 18,074 0.40 % $ 104.6 0.09 % County: 33,928 Rural - No CBSA n/a
North Mississippi Health Services - 404 MOB 9,890 0.22 % $ 57.2 0.05 % County: 33,928 Rural - No CBSA n/a
North Mississippi Health Services - 305 MOB 3,378 0.07 % $ 19.5 0.02 % County: 33,928 Rural - No CBSA n/a
Tri Lakes Behavioral BSF 58,400 1.29 % $ — — % County: 32,965 Rural - No CBSA n/a
Russellville Medical Plaza MOB 29,129 0.64 % $ 173.1 0.15 % County: 31,870 Rural - No CBSA n/a
Wellmont Lebanon Urgent Care SC 8,369 0.19 % $ 108.8 0.09 % County: 25,635 Rural - No CBSA n/a
Lexington Carilion Clinic PC 15,820 0.35 % $ 399.8 0.35 % County: 22,573 Rural - No CBSA n/a
Sanderling Dialysis Center - 102 SC 5,217 0.12 % $ 295.6 0.26 % County: 13,464 Rural - No CBSA n/a
Second Quarter 2026 Supplemental Information
22
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.
Annualized Rent: Stabilized base rent for leases in place at the end of the period 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, and Adjusted EBITDAre Annualized which is Adjusted EBITDAre multiplied by four.
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 Available for Distribution (FAD)
We calculate FAD by deducting leasing commissions, as well as tenant improvements and recurring capital expenditures that are not part of our redevelopment projects from AFFO, Adjusted for other non-cash items. The Company believes FAD is useful in analyzing the amount of cash available for distribution to stockholders and as an indicator of the sustainability of the Company's dividends.
Funds from Operations (FFO), Adjusted Funds from Operations (AFFO) and AFFO, Adjusted for other non-cash items: 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"), including AFFO, Adjusted for other non-cash items, 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.
Second Quarter 2026 Supplemental Information
23
Reporting Definitions (continued)
The Company uses the NAREIT definition of FFO. FFO is an operating performance measure 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. The Company has also included AFFO, Adjusted for other non-cash items, which adjusts AFFO for certain non-cash items, including non-real estate depreciation and amortization, amortization of above(below) market lease intangibles and amortization of debt issuance costs. AFFO and AFFO, Adjusted for other non-cash items that are presented herein may not be comparable to similar measures presented by other real estate companies due to the fact that not all real estate companies use the same definitions.
FFO, AFFO, and AFFO, Adjusted for other non-cash items 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, AFFO, and AFFO, Adjusted for other non-cash items 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.
Second Quarter 2026 Supplemental Information
24
Reporting Definitions (continued)
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. The Company also presents Annualized NOI which is NOI multiplied by four.
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.
Second Quarter 2026 Supplemental Information
25
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, 2025 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), Annualized NOI, Funds From Operations (or FFO), Adjusted Funds From Operations (or AFFO), and AFFO, Adjusted for other non-cash items, and Funds Available for Distribution (or FAD) 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.
Second Quarter 2026 Supplemental Information
26
EX-99.3
EX-99.3
Filename: chct_investorxpresentati.htm · Sequence: 4
chct_investorxpresentati
CHCT: Positioned for Renewed Growth CHCT LISTED NYSE August 2026 INVESTOR PRESENTATION Exhibit 99.3
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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," "target," “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, future priorities, expected acquisitions or dispositions, expected returns, expected occupancy, or other expectations or intentions. These statements are based on management’s current expectations and beliefs and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those described herein. Such factors include, but are not limited to, those described under “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. No forward-looking statement should be relied upon as a guarantee of future performance. Community Healthcare Trust Incorporated undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Forward-Looking Statements This presentation includes certain non-GAAP financial measures, including Funds from Operations (FFO), as defined by NAREIT, Adjusted Funds from Operations (AFFO), AFFO Payout Ratio, Funds Available for Distribution (FAD), EBITDAre, Adjusted EBITDAre, Adjusted EBITDAre Annualized, Net Operating Income (NOI), and Annualized NOI. These measures are not prepared in accordance with U.S. generally accepted accounting principles (GAAP) and should not be considered as alternatives to, or more meaningful than, net income as determined in accordance with GAAP. Non-GAAP measures as presented herein may not be comparable to similarly titled measures reported by other companies. Please refer to the Appendix and the Company’s SEC filings for reconciliations to the most directly comparable GAAP measures. A reconciliation of the forward-looking Annualized NOI cannot be provided without unreasonable effort because the Company is unable to reasonably predict certain items contained in the GAAP measure. Such items include, but are not limited to, impairment on depreciated real estate assets, net gain or loss on sale of real estate assets, stock-based compensation, and provision for credit loss reserves. These items are uncertain, depend on various factors and could have a material impact on the Company's GAAP results. Non-GAAP Financial Measures Disclosures Community Healthcare Trust Page 2
• $1.25B portfolio: 197 properties covering 4.5M sq. ft. across 36 states, diversified by asset type, operator, and geography • Proprietary sourcing from two decades of operator relationships drives 9%-10% acquisition yields • Conservative balance sheet: 6.0x leverage, 100% unsecured debt with no encumbered assets and no maturities before 2028 COMPANY AT-A-GLANCE $1.25B Gross Real Estate Investments 4.5M Square Feet $101.4M Annualized NOI Diversified healthcare portfolio delivering high-quality, cost-effective care convenient to patients in non-urban markets Community Healthcare Trust Page 3
Repositioning for Enhanced Growth CHCT is enhancing its capital allocation policy to focus on acquisitions, redevelopment, occupancy growth and operating improvements designed to drive long-term shareholder value. Community Healthcare Trust Page 4
Rightsizing the Dividend to Fund Growth KEY STRATEGIC PRIORITIES FOR THE NEXT 18-24 MONTHS • $99M pipeline under contract with more available for evaluation • Expected yields of 9-10% with ~2.5% escalators • Improve leased occupancy to 92% • More than 100,000 sq.ft. of new leases YTD – greater than full year 2025 • Pursue redevelopment and spec suite investments • 9-12% yields on redevelopment capital • $70M+ marketed disposition pipeline • Proceeds recycled into 9%+ acquisitions — no new equity Increases retained capital available to fund acquisitions, portfolio reinvestment and operating improvements. Quarterly dividend reset from $0.48/share to $0.33/share Community Healthcare Trust Page 5 Dividend Reset $0.48 $0.33 Per share Redeployed at 9-12% Expected yields Retained Capital $25-30M Over 24 months Acquisition GrowthOccupancy Improvement Portfolio Reinvestment Strategic Capital Recycling Drive Portfolio NOI Upgrade the Portfolio Additional Source of Funding High-Quality Investments
Dividend Rightsizing Supports an Attractive Yield and Long-Term Growth DIVIDEND YIELD — CHCT VS. HEALTHCARE REIT PEERS A Stronger Capital Allocation Framework Even after the dividend reset, CHCT’s yield remains above healthcare REIT peers. 7.2% 6.2% CHCT(1) Peer Avg.(2) 60% AFFO Payout 71% AFFO Payout Attractive Yield Annual dividend of $1.32/share Yield of 7.2% at constant price Improved Coverage AFFO payout ratio: 87% 60% Growth Capital $25-30M retained over 24 months Supports acquisitions and redevelopment Community Healthcare Trust Page 6(1) CHCT dividend yield calculated at new $0.33 quarterly dividend and CHCT’s 6/30/26 share price of $18.28. AFFO payout ratio is calculated as total dividends paid as a percentage of AFFO. (2) Simple average of select healthcare REIT peers based on SNL FY2026E consensus dividend and 6/30/26 closing share price; list includes DOC, HR, MPT and XRN
A Clear Path from 89.8% to 92% Leased Occupancy EXPECTED IMPACT 89.8% 92.0% Leased Occupancy $101M $107M Annualized NOI +$6M NOI Upside PORTFOLIO OPTIMIZATION PRIORITIES Target High-Opportunity Assets Top markets represent 105,000 sq.ft. of available space Accelerate Leasing Execution Expanded asset management, leasing and construction teams driving retention and new leasing Community Healthcare Trust Page 7 LEASED OCCUPANCY BRIDGE (%) 89.8% Q2 2026 0.7% 2026 Budget 1.5% Identified Pipeline & New Leases 92.0% Target Occupancy Reinvestment Recycling Acquisitions
Portfolio Reinvestment Generates Attractive Incremental Returns VHC Surgery Center Phoenix, AZ Complete $3,300 9.3% Outpatient Surgery Center Desert Mountain Health Phoenix, AZ Complete $5,300 12.1% Behavioral Specialty Facility Ochsner Behavioral Health Lafayette, LA Complete $15,900 10.6% Acute Inpatient Behavioral Accanto Health Aurora, OH In Process $4,000 9%+ Behavioral Specialty Facility Property Market Status Restoration Cost* Yield on Cost Type * $ in 000s Community Healthcare Trust Page 8 Occupancy Reinvestment Recycling Acquisitions
COMPLETED SALE DETAIL Capital Recycling Funds Growth Without Dilution Selective dispositions partially fund the growth pipeline — recycling capital out of non-core assets and into 9%+ yield acquisitions, without issuing new equity. PERIOD ASSETS NET PROCEEDS 2025 5 $32.9M 2026 YTD 2 $5.6M TOTAL 7 $38.5M Community Healthcare Trust Page 9 GROW 9-10% Expected initial yields on redeployed capital REDEPLOY $99M Acquisition pipeline under definitive agreement SELL $70M+ Marketed disposition pipeline Proceeds fund the pipeline New assets grow NOI Portfolio quality improves Occupancy Reinvestment Recycling Acquisitions
A Clear Path Back to Acquisition- Led Growth Starting with $99M Already Under Contract ANNUAL ACQUISITION VOLUME ($M) — 2015 TO 2025 PIPELINE HIGHLIGHTS • $99M under definitive agreement • Four newly developed inpatient rehabilitation facilities • 9% - 10% expected initial yields • Growth funded with retained capital and asset recycling Community Healthcare Trust Page 10 2026+ 0 20 40 60 80 100 120 140 160 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Occupancy Reinvestment Recycling Acquisitions
BALANCE SHEET SNAPSHOT A Conservative Balance Sheet With Flexibility to Fund Growth CAPITAL ALLOCATION SEQUENCE • 6.0x net debt/adjusted EBITDAre annualized • 3.0x fixed charge coverage • Over $115M of current available liquidity NEAR-TERM MEDIUM-TERM LONG-TERM Fund Signed Pipeline Execute without dilution Maintain Flexibility Preserve balance sheet strength Scale Growth Resume historical acquisition cadence Community Healthcare Trust Page 11 NO MATURITIES BEFORE MARCH 2028 0 100 200 300 2026 2027 2028 2029 2030 $125M $285M $150M Term Loan Term Loan Revolver $0$0
The Right Team in Place to Execute CHCT’s Growth Strategy Expanded, dedicated Asset Management, Leasing, and Construction teams to proactively drive portfolio performance Miles Frazier Assistant VP, Construction ASSET MANAGEMENT, LEASING, AND CONSTRUCTION LEADERSHIP Moni J. Cook Assistant VP, Asset Management Mark Kearns SVP, Asset Management Brandon Preston Assistant VP, Leasing & Business Dev. David H. Dupuy Board Member, CEO & President 7 years with CHCT Bill Monroe EVP & Chief Financial Officer 3 years with CHCT Leigh Ann Stach EVP & Chief Accounting Officer 11 years with CHCT EXECUTIVE TEAM Community Healthcare Trust Page 12
Company Overview Community Healthcare Trust Page 13 Prairie Star, Shawnee, KS
Q2 2026 Update METRIC Q2 2026 Q2 2025 Y-o-Y Revenue $31.2 $29.1 +7% AFFO / Share $0.56 $0.50 +12% FFO / Share $0.48 $0.23 n/a FAD $13.0 $11.3 +15% Portfolio Occupancy 89.8.% 90.7% -1% Debt/Total Capitalization 43.9% 41.6% +6% KEY OPERATING & FINANCIAL METRICS (Millions except per share) Community Healthcare Trust Page 14 HIGHLIGHTS • Dividend reset positions CHCT for enhanced growth • Leasing +100,000 sq.ft. new signed leases YTD • Acquisition pipeline remains robust at $99M • Earnings steady with AFFO/sh $0.56
Disciplined Investment Strategy Drives Sustainable Growth A REPEATABLE VALUE-CREATION ENGINE Selective Sourcing • Extensive, established referral relationships • Off-market properties • Limited competition Disciplined Underwriting • Market selection • Tenant creditworthiness • Asset quality • Return thresholds Active Asset Management • Rent escalators • Portfolio optimization • Internal property management oversight Capital Recycling & Reinvestment • Strategic asset sales • Redeployment of capital • Support for future growth FOUNDATION Diversified and stable portfolio Conservative balance sheet with low debt-to-capitalization ratios Experienced management team aligned with long-term growth and profitability incentives Favorable healthcare demand trends driven by aging and shift to outpatient care Community Healthcare Trust Page 15
Multi-Year Tailwinds Support Healthcare Real Estate LIMITED NEW SUPPLY MIGRATION TO OUTPATIENT CARE Care shifting to lower-cost outpatient settings Providers and payors continue shifting care to outpatient settings across multiple specialties - American Hospital Assoc. and Nuveen RE research 2024-2025 AGING DEMOGRAPHICS The US 65+ population is growing 5x faster than the rest of the population ~21% of U.S. population by 2030 - U.S. Census Bureau, 2020 High costs and constrained development limit new supply of healthcare facilities ~93% Sector Occupancy - Revista and industry reports, latest data available Community Healthcare Trust Page 16
A Diversified Portfolio by Property Type, Tenant and Geography No single property type, tenant or market defines the portfolio. Community Healthcare Trust Page 17 197 Properties 36 States 325 Tenants 7.1% Largest tenant Top 3 = 18.3% PROPERTY TYPE (% OF ABR) TENANT BASE (% OF ABR) GEOGRAPHY (% OF ABR) 35.0% Medical Office Building 25.7% All Others* 23.2% Inpatient Rehabilitation 16.1% Acute Inpatient Behavioral US Healthvest 7.1% Lifepoint Health 6.3% PAM Health 4.9% Assurance Health 2.9% Summit Behavioral Healthcare 2.8% Florida 14.5% Texas 14.1% Ohio 9.6% Illinois 9.5% Pennsylvania 5.8% States 6-10 17.3% • Note: Annualized Base Rent (ABR) defined as stabilized base rent for leases in place at the end of the period multiplied by 12. • “All Others” includes specialty centers, physician clinics, surgical centers and hospitals, behavioral specialty facilities, and long-term acute care hospitals. All other states 29.2% Tenants 6-10 11.8% All Other Tenants 64.2% Data as of June 30, 2026
LEASE EXPIRATION SCHEDULE (% OF ABR) Lease Maturity Profile Supports Stable Cash Flow Long-duration leases and a well- laddered lease-expiration schedule 7.2 Yrs Weighted Average Lease Term 89.8% Portfolio Leased Q2 2026 65.7% ABR Beyond 5 Years <10% Largest Annual Maturity Next 4 Years 2.6% 2026 8.1% 2027 8.4% 2028 8.9% 2029 6.1% 2030 12.3% 2031 3.5% 2032 1.7% 2033 8.4% 2034 7.8% 2035 32.0% 2036+ Data as of June 30, 2026 Community Healthcare Trust Page 18
An Independent, Shareholder-First Board With Strong Governance and Experience KEY GOVERNANCE PROVISIONS • Annual election of all board members. • Opted out of Maryland anti-takeover provisions and restrictions in place to prevent future opt-in • Insiders do not control enough votes to veto a merger or business combination • Only one non-independent director (Mr. Dupuy) • Stockholder proxy access for director nominations • Management compensation aligned with shareholder interests Community Healthcare Trust Page 19 Bob Hensley Audit Committee Chair Senior Advisor, Alvarez & Marsal; Former Partner — Arthur Andersen & Ernst & Young; serves on several private company boards Claire Gulmi Compensation Committee Chair Retired EVP & CFO — Envision Healthcare; Former EVP & CFO — AmSurg Corp; Former CFO — Jacques-Miller Inc. (real estate) R. Lawrence Van Horn ESG Committee Chair Professor of Economics & Management Emeritus, Vanderbilt University; Board Chair: Savida Health, Advanced Behavioral Solutions Cathrine Cotman Board Member Former SVP Corporate Real Estate — LPL Financial; Former Senior Managing Director — Newmark Knight Frank; Former Global Alliance Director — Cresa Global Alan Gardner Chairman Former MD, Healthcare Group — Bank of America Securities; Head of Healthcare Banking — Fleet Boston Financial; Senior RM, Wells Fargo Healthcare Dave Dupuy Board Member President & CEO - CHCT
A Proven Platform and Clear Path to Growth • Differentiated healthcare platform benefits from long-standing healthcare operator relationships that support proprietary sourcing in smaller, non-urban healthcare facilities. • $99 million of identified acquisitions position CHCT to resume external growth at expected yields of above 9%. • Embedded upside from acquisitions, leasing, and asset optimization initiatives. Community Healthcare Trust Page 20 A repositioned healthcare REIT with stronger fundamentals and multiple drivers for long-term growth and value creation • Consistent cash flows supported by long duration leases and well-laddered lease expiration schedule. • Well-diversified portfolio with 197 properties in 36 states; attractive markets and property types. • Conservative balance sheet and liquidity provide flexibility to pursue strategic growth.
Appendix Community Healthcare Trust Page 21
CHCT LISTED NYSE CORPORATE HEADQUARTERS CONTACT Community Healthcare Trust, Inc. 3326 Aspen Grove Drive, Suite 150 Franklin, TN 37067 Bill Monroe Chief Financial Officer 615-771-3052
GRAPHIC
GRAPHIC
Filename: chart-43484d2e3076402cb07a.jpg · Sequence: 8
Binary file (71646 bytes)
Download chart-43484d2e3076402cb07a.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati001.jpg · Sequence: 9
Binary file (89058 bytes)
Download chct_investorxpresentati001.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati002.jpg · Sequence: 10
Binary file (170685 bytes)
Download chct_investorxpresentati002.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati003.jpg · Sequence: 11
Binary file (100396 bytes)
Download chct_investorxpresentati003.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati004.jpg · Sequence: 12
Binary file (102203 bytes)
Download chct_investorxpresentati004.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati005.jpg · Sequence: 13
Binary file (113257 bytes)
Download chct_investorxpresentati005.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati006.jpg · Sequence: 14
Binary file (87362 bytes)
Download chct_investorxpresentati006.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati007.jpg · Sequence: 15
Binary file (83105 bytes)
Download chct_investorxpresentati007.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati008.jpg · Sequence: 16
Binary file (116062 bytes)
Download chct_investorxpresentati008.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati009.jpg · Sequence: 17
Binary file (86154 bytes)
Download chct_investorxpresentati009.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati010.jpg · Sequence: 18
Binary file (85505 bytes)
Download chct_investorxpresentati010.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati011.jpg · Sequence: 19
Binary file (98098 bytes)
Download chct_investorxpresentati011.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati012.jpg · Sequence: 20
Binary file (94242 bytes)
Download chct_investorxpresentati012.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati013.jpg · Sequence: 21
Binary file (172209 bytes)
Download chct_investorxpresentati013.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati014.jpg · Sequence: 22
Binary file (104771 bytes)
Download chct_investorxpresentati014.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati015.jpg · Sequence: 23
Binary file (91532 bytes)
Download chct_investorxpresentati015.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati016.jpg · Sequence: 24
Binary file (118860 bytes)
Download chct_investorxpresentati016.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati017.jpg · Sequence: 25
Binary file (89241 bytes)
Download chct_investorxpresentati017.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati018.jpg · Sequence: 26
Binary file (76479 bytes)
Download chct_investorxpresentati018.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati019.jpg · Sequence: 27
Binary file (122305 bytes)
Download chct_investorxpresentati019.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati020.jpg · Sequence: 28
Binary file (128662 bytes)
Download chct_investorxpresentati020.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati021.jpg · Sequence: 29
Binary file (142887 bytes)
Download chct_investorxpresentati021.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati022.jpg · Sequence: 30
Binary file (108327 bytes)
Download chct_investorxpresentati022.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati023.jpg · Sequence: 31
Binary file (119354 bytes)
Download chct_investorxpresentati023.jpg
GRAPHIC
GRAPHIC
Filename: chct_investorxpresentati024.jpg · Sequence: 32
Binary file (32691 bytes)
Download chct_investorxpresentati024.jpg
GRAPHIC
GRAPHIC
Filename: chctlogoa.jpg · Sequence: 33
Binary file (24052 bytes)
Download chctlogoa.jpg
GRAPHIC
GRAPHIC
Filename: supplemental_backcovera.jpg · Sequence: 34
Binary file (21644 bytes)
Download supplemental_backcovera.jpg
GRAPHIC
GRAPHIC
Filename: supplemental_covera.jpg · Sequence: 35
Binary file (127542 bytes)
Download supplemental_covera.jpg
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 37
v3.26.1
Cover Page
Aug. 04, 2026
Cover [Abstract]
Document Type
8-K
Document Period End Date
Aug. 04, 2026
Entity Registrant Name
COMMUNITY HEALTHCARE TRUST INC
Entity Incorporation, State or Country Code
MD
Entity File Number
001-37401
Entity Tax Identification Number
46-5212033
Entity Address, Address Line One
3326 Aspen Grove Drive
Entity Address, Address Line Two
Suite 150
Entity Address, City or Town
Franklin
Entity Address, State or Province
TN
Entity Address, Postal Zip Code
37067
City Area Code
615
Local Phone Number
771-3052
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Entity Emerging Growth Company
false
Title of 12(b) Security
Common stock, $0.01 par value per share
Trading Symbol
CHCT
Security Exchange Name
NYSE
Amendment Flag
false
Entity Central Index Key
0001631569
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration