Form 8-K Community Healthcare For: Feb 25

February 25, 2016 5:09 PM

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): February 25, 2016 (February 25, 2016)

COMMUNITY HEALTHCARE TRUST INCORPORATED

(Exact Name of Registrant as Specified in 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))

Item 2.02 Results of Operations and Financial Condition

On February 25, 2016, Community Healthcare Trust Incorporated (the "Company") issued a press release announcing its earnings for the fourth quarter ended December 31, 2015. 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 and 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, or the Exchange Act.

Item 7.01 Regulation FD Disclosure

The Company is furnishing its Supplemental Information for the fourth quarter ended December 31, 2015, which is also contained on its website (www.communityhealthcaretrust.com). See Exhibit 99.2 to this Current Report on Form 8-K.

This information furnished pursuant to this Item 7.01, including Exhibit 99.2, 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 of 1933, as amended, or the Exchange Act.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits



Exhibit Number		Description
99.1		Press release dated February 25, 2016
99.2		Supplemental Information - Fourth Quarter 2015

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/ W. Page Barnes W. Page Barnes Executive Vice President and Chief Financial Officer
Date: February 25, 2016

EXHIBIT INDEX



Exhibit Number	Description
99.1	Press release dated February 25, 2016
99.2	Supplemental Information - Fourth Quarter 2015

Exhibit 99.1

News Release

Community Healthcare Trust Announces Results for the Three Months Ended December 31, 2015

FRANKLIN, Tenn., February 25, 2016 / PRNewswire / -- Community Healthcare Trust Incorporated (NYSE: CHCT) today announced results for the three months ended December 31, 2015. Normalized FFO for the three months ended December 31, 2015 totaled $0.37 per diluted common share. The Company reported net income for the fourth quarter of approximately $121,000.

Highlights include:


•	During the fourth quarter of 2015, the Company acquired eight properties and its new corporate office for a total purchase price of $29.9 million. The eight properties, located in five states, total approximately 214,000 square feet and were 97.7% leased upon acquisition.


•	A quarterly common stock dividend of $0.3775 per common share was declared on February 8, 2016. This dividend is payable on March 4, 2016 to shareholders of record on February 19, 2016.

About Community Healthcare Trust Incorporated

Community Healthcare Trust 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 non-urban markets throughout the United States. The Company had investments of approximately $143.9 million in 41 real estate properties as of December 31, 2015, located in 18 states and total approximately 789,500 square feet.

Additional information regarding the Company, including this quarter's operations, can be found at www.communityhealthcaretrust.com. 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 that involve risks and uncertainties. These risks and uncertainties are discussed from time to time in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein which speak only as of the date hereof. The Company undertakes no obligation to update forward-looking statements, whether as the result of new information, future developments, or otherwise, except as may be required by law.

COMMUNITY HEALTHCARE TRUST INCORPORATED

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(Dollars in thousands, except per share amounts)



	December 31, 2015			December 31, 2014
ASSETS
Real estate properties:
Land	$	13,216		$	—
Buildings, improvements, and lease intangibles	119,716			—
Personal property	35			—
Total real estate properties	132,967			—
Less accumulated depreciation	(5,203		)	—
Total real estate properties, net	127,764			—
Cash and cash equivalents	2,018			2
Mortgage note receivable, net	10,897			—
Other assets, net	2,124			—
Total assets	$	142,803		$	2

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Revolving credit facility	$	17,000		$	—
Accounts payable and accrued liabilities	812			—
Other liabilities	2,721			—
Total liabilities	20,533			—

Commitments and contingencies

Stockholders' Equity
Preferred stock, $0.01 par value; 50,000,000 shares authorized; none issued and outstanding	—			—
Common stock, $0.01 par value; 450,000,000 shares authorized; 7,596,940 and 200,000 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively	76			2
Additional paid-in capital	127,578			—
Cumulative net income (deficit)	(1,456		)	—
Cumulative dividends	(3,928		)	—
Total stockholders’ equity	122,270			2
Total liabilities and stockholders' equity	$	142,803		$	2



(1)	The Condensed 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.

COMMUNITY HEALTHCARE TRUST INCORPORATED

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

FOR THE THREE MONTHS ENDED DECEMBER 31, 2015 AND 2014,

THE YEAR ENDED DECEMBER 31, 2015 AND

FOR THE PERIOD FROM MARCH 28, 2014 (INCEPTION) THROUGH DECEMBER 31, 2014

(Unaudited)

(Dollars in thousands, except per share amounts)



	Three Months Ended December 31,					Year Ended			For the Period March 28, 2014 (inception) through
	2015			2014		December 31, 2015			December 31, 2014
REVENUES
Rental income	$	3,050		$	—	$	6,364		$	—
Tenant reimbursements	1,202			—		1,964			—
Mortgage interest	304			—		304			—
	4,556			—		8,632			—

EXPENSES
Property operating	1,123			—		2,012			—
General and administrative	646			—		2,472			—
Depreciation and amortization	2,416			—		5,204			—
Bad debts	71			—		71			—
	4,256			—		9,759			—
OTHER INCOME (EXPENSE)
Interest expense	(183		)	—		(364		)	—
Interest and other income, net	4			—		35			—
	(179		)	—		(329		)	—
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)	$	121		$	—	$	(1,456	)	$	—

INCOME (LOSS) PER COMMON SHARE:
Net income (loss) per common share – Basic	$	0.02		$	—	$	(0.31	)	$	—
Net income (loss) per common share – Diluted	$	0.02		$	—	$	(0.31	)	$	—
WEIGHTED AVERAGE COMMON SHARE OUTSTANDING-BASIC	7,511,183			200,000		4,726,925			200,000
WEIGHTED AVERAGE COMMON SHARE OUTSTANDING-DILUTED	7,511,815			200,000		4,726,925			200,000



(1)	The Condensed Consolidated Statements of Comprehensive Income (Loss) 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.

COMMUNITY HEALTHCARE TRUST INCORPORATED

RECONCILIATION OF FFO AND NORMALIZED FFO ⁽¹⁾

(Dollars in thousands, except per share amounts)

(Unaudited)



	Three Months Ended December 31,
	2015		2014
Net income	$	121	$	—
Real estate depreciation and amortization	2,415		—
Total adjustments	2,415		—
Funds From Operations	$	2,536	$	—
Transaction costs	243		—
Normalized Funds From Operations	$	2,779	$	—
Funds from Operations per Common Share-Diluted	$	0.34	$	—
Normalized Funds From Operations Per Common Share-Diluted	$	0.37	$	—
FFO Weighted Average Common Shares Outstanding	7,511,815		200,000



(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 FFO and normalized FFO to be appropriate measures of operating performance of an equity REIT. In particular, the Company believes that normalized FFO 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 NAREIT definition of FFO. Funds from operations ("FFO") and FFO per share are operating performance measures adopted by the National Association of Real Estate Investment Trusts, Inc. ("NAREIT"). NAREIT defines FFO as the most commonly accepted and reported measure of a REIT's operating performance equal to "net income (computed in accordance with GAAP), excluding gains (or losses) from sales of property, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures." The Company has included normalized FFO above which it has defined as FFO excluding certain expenses related to the Company's initial public offering and closing costs of properties acquired and mortgages funded. Normalized FFO 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 normalized FFO 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 normalized FFO should be examined in conjunction with net income as presented elsewhere herein.

CONTACT: W. Page Barnes, 615-771-3052

SOURCE: Community Healthcare Trust Incorporated

Exhibit 99.2




Community Healthcare Trust		December 2015
Incorporated

Supplemental Information

Fourth Quarter 2015

NYSE: CHCT

www.communityhealthcaretrust.com

TABLE OF CONTENTS



Corporate Information	3
Historical FFO and Normalized FFO	4
Balance Sheet Information	5
Statements of Operations Information	6
Investment Activity	7
Leasing Information	8
Property Diversification	9

Cautionary Note Regarding Forward-Looking Statements

In addition to the historical information contained within, the matters discussed in this supplemental operating and financial information package may contain forward-looking statements that involve risks and uncertainties. These risks and uncertainties are discussed from time to time in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein which speak only as of the date hereof. The Company undertakes no obligation to update forward-looking statements, whether as the result of new information, future developments, or otherwise, except as may be required by law.



Community Healthcare Trust / 4Q 2015 Supplemental Information		Page 2

CORPORATE INFORMATION



Corporate Headquarters

Community Healthcare Trust Incorporated
3326 Aspen Grove Drive, Suite 150
Franklin, Tennessee 37067
Phone: 615.771.3052
E-mail: [email protected]
Website: www.communityhealthcaretrust.com


Board of Directors

Timothy G. Wallace	Alan Gardner	Robert Hensley	Alfred Lumsdaine	R. Lawrence Van Horn
Chairman of the Board, Chief Executive Officer and President	Lead Independent Director	Audit Committee Chair	Compensation Committee Chair	Governance Committee Chair


Management Team

Timothy G. Wallace	W. Page Barnes	Steve Harrison	Roland H. Hart	Leigh Ann Stach
Chief Executive Officer and President	Executive Vice President, Chief Financial Officer	Managing Director, Business Development	Vice President, Asset Management	Vice President, Financial Reporting and Chief Accounting Officer

	Michael Willman	William R. Davis	James W. Short
	Vice President, Real Estate	Vice President, Information Technology	Vice President, Special Projects


Covering Analysts

A. Goldfarb - Sandler O'Neil			R. Stevenson - Janney Capital Markets
S. McGrath - Evercore ISI			S. Manaker - Oppenheimer
E. Fleming - SunTrust Robinson Humphrey


Professional Services

Independent Registered Public Accounting Firm			Transfer Agent
BDO USA, LLP			American Stock Transfer & Trust Company, LLC
414 Union Street, Suite 1800			Operations Center
Nashville, Tennessee 37219			6201 15th Avenue
			Brooklyn, NY 11219
			1.800.937.5449



Community Healthcare Trust / 4Q 2015 Supplemental Information		Page 3

HISTORICAL FFO AND NORMALIZED FFO (1) (2)

(dollars in thousands, except per share data)



	2015
	Q4		Q3			Q2
Net income (loss)	$	121	$	(67	)	$	(1,509	)
Real estate depreciation and amortization	2,415		2,211			577
Total adjustments	2,415		2,211			577
Funds from Operations	$	2,536	$	2,144		$	(932	)
Transaction costs	243		(101		)	1,546
Normalized Funds From Operations	$	2,779	$	2,043		$	614
Funds from Operations per Common Share-Diluted	$	0.34	$	0.29		$	(0.26	)
Normalized Funds From Operations Per Common Share-Diluted	$	0.37	$	0.27		$	0.17
Weighted Average Common Shares Outstanding-Diluted	7,511,815		7,507,460			3,574,392
Weighted Average Common Shares Outstanding-Diluted for Normalized FFO	7,511,815		7,507,460			3,563,389



(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 FFO and normalized FFO to be appropriate measures of operating performance of an equity REIT. In particular, the Company believes that normalized FFO 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 NAREIT definition of FFO. Funds from operations ("FFO") and FFO per share are operating performance measures adopted by the National Association of Real Estate Investment Trusts, Inc. ("NAREIT"). NAREIT defines FFO as the most commonly accepted and reported measure of a REIT's operating performance equal to "net income (computed in accordance with GAAP), excluding gains (or losses) from sales of property, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures." The Company has included normalized FFO above which it has defined as FFO excluding certain expenses related to the Company's initial public offering and closing costs of properties acquired and mortgages funded. Normalized FFO 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 normalized FFO 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 normalized FFO should be examined in conjunction with net income as presented elsewhere herein.
(2	)	There were no operations prior to the Company's initial public offering in May 2015, therefore, there were no funds from operations prior to the second quarter of 2015.



Community Healthcare Trust / 4Q 2015 Supplemental Information		Page 4

BALANCE SHEET INFORMATION

(dollars in thousands, except per share data)



	2015											2014
	Q4			Q3			Q2			Q1		Q4
ASSETS
Real estate properties
Land	$	13,216		$	10,407		$	9,357		$	—	$	—
Buildings, improvements, and lease intangibles	119,716			90,721			78,349			—		—
Personal property	35			—			—			—		—
Total real estate properties	132,967			101,128			87,706			—		—
Less accumulated depreciation	(5,203		)	(2,788		)	(577		)	—		—
Total real estate properties, net	127,764			98,340			87,129			—		—
Cash and cash equivalents	2,018			16,053			39,552			2		2
Mortgage note receivable, net	10,897			10,862			—			—		—
Other assets, net	2,124			1,795			1,139			—		—
Total assets	$	142,803		$	127,050		$	127,820		$	2	$	2

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Revolving credit facility	$	17,000		$	—		$	—		$	—	$	—
Accounts payable and accrued liabilities	812			1,031			1,098			—		—
Other liabilities	2,721			1,060			687			—		—
Total liabilities	20,533			2,091			1,785			—		—

Commitments and contingencies

Stockholders' Equity
Preferred stock, $0.01 par value; 50,000,000 shares authorized	—			—			—			—		—
Common stock, $0.01 par value; 450,000,000 shares authorized	76			76			76			2		2
Additional paid-in capital	127,578			127,538			127,468			—		—
Cumulative net loss	(1,456		)	(1,576		)	(1,509		)	—		—
Cumulative dividends	(3,928		)	(1,079		)	—			—		—
Total stockholders’ equity	122,270			124,959			126,035			2		2
Total liabilities and stockholders' equity	$	142,803		$	127,050		$	127,820		$	2	$	2



Community Healthcare Trust / 4Q 2015 Supplemental Information		Page 5

STATEMENTS OF OPERATIONS INFORMATION

(dollars in thousands, except per share data)



	2015											2014
	Q4			Q3			Q2			Q1		Q4

REVENUES
Rental income	$	3,050		$	2,585		$	729		$	—	$	—
Tenant reimbursements	1,202			655			107			—		—
Mortgage interest	304			—			—			—		—
	4,556			3,240			836			—		—

EXPENSES
Property operating	1,123			751			138			—		—
General and administrative	646			223			1,603			—		—
Depreciation and amortization	2,416			2,211			577			—		—
Bad debts	71			—			—			—		—
	4,256			3,185			2,318			—		—
OTHER INCOME (EXPENSE)
Interest expense	(183		)	(140		)	(41		)	—		—
Interest and other income, net	4			18			14			—		—
	(179		)	(122		)	(27		)	—		—
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)	$	121		$	(67	)	$	(1,509	)	$	—	$	—

INCOME (LOSS) PER COMMON SHARE
Net income (loss) per common share – Basic	$	0.02		$	(0.01	)	$	(0.42	)	$	—	$	—
Net income (loss) per common share – Diluted	$	0.02		$	(0.01	)	$	(0.42	)	$	—	$	—
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC	7,511,183			7,511,183			3,574,392			200,000		200,000
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED	7,511,815			7,511,183			3,574,392			200,000		200,000
DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD	$	0.375		$	0.142		$	—		$	—	$	—



Community Healthcare Trust / 4Q 2015 Supplemental Information		Page 6

INVESTMENT ACTIVITY

(dollars in thousands)



2015 INVESTMENT ACTIVITY
(As of December 31, 2015)
	Location	Property Type	Acquisition/ Closing Date	Purchase Price/ Mortgage Funding		Square Feet	Aggregate Leased % at Acquisition

Property Acquisitions:
	Portsmouth, VA	PC	5/28/2015	$	1,375	8,445	100.0	%
	Circleville, OH	ASC	5/28/2015	1,570		7,787	88.8	%
	Tempe, AZ	ASC	5/28/2015	2,700		13,000	100.0	%
	Houston, TX	ASC	5/28/2015	4,600		11,200	100.0	%
	Brewton, AL	OC	5/29/2015	1,154		3,971	100.0	%
	Orlando, FL	PC	5/29/2015	1,327		2,420	100.0	%
	Lady Lake, FL	PC	5/29/2015	1,585		2,894	100.0	%
	Foley, AL	OC	5/29/2015	1,786		6,146	100.0	%
	Gulf Shores, AL	OC	5/29/2015	1,860		6,398	100.0	%
	Columbia, SC	ASC	5/29/2015	2,200		16,969	94.0	%
	Melbourne, FL	PC	5/29/2015	2,858		5,228	100.0	%
	Brook Park, OH	MOB	5/29/2015	3,650		18,444	100.0	%
	Shawnee, KS	MOB	5/29/2015	4,236		24,840	89.5	%
	Shawnee, KS	PC	5/29/2015	4,978		24,557	100.0	%
	Alamo, TX	MOB	5/29/2015	5,300		41,797	96.1	%
	Etowah, TN	DC	6/1/2015	600		4,720	100.0	%
	Fort Valley, GA	DC	6/1/2015	1,100		4,920	100.0	%
	Gallipolis, OH	DC	6/1/2015	1,250		15,110	100.0	%
	Gilbert, AZ	PC	6/1/2015	1,700		8,200	100.0	%
	Dahlonega, GA	MOB	6/1/2015	3,450		20,621	100.0	%
	Wichita, KS	MOB	6/1/2015	7,350		43,945	92.5	%
	Portage, WI	PC	6/3/2015	3,000		14,000	100.0	%
	Lancaster, PA	PC	6/3/2015	3,100		20,000	100.0	%
	Wichita, KS	PC	6/5/2015	4,350		16,581	100.0	%
	Pasadena, TX	MOB	6/5/2015	6,500		51,316	67.8	%
	Corsicana, TX	DC	6/9/2015	2,625		17,699	82.6	%
	Castle Rock, CO	DC	6/12/2015	3,050		8,450	100.0	%
	Florence, KY	DC	6/30/2015	3,600		18,283	100.0	%
	Florence, KY	MOB	6/30/2015	4,600		36,362	86.6	%
	Bourbonnais, IL	MOB	7/1/2015	9,000		54,000	91.6	%
	Eynon, PA	ASC	8/13/2015	1,383		6,500	100.0	%
	Canon City, CO	ASC	9/24/2015	2,700		10,653	100.0	%
	DeBary, FL	MOB	10/22/2015	6,345		24,000	100.0	%
	Winter Garden, FL	MOB	11/5/2015	5,405		21,648	100.0	%
	Anderson, IN	BF	11/2/2015	2,900		10,200	100.0	%
	Wichita, KS	PC	11/20/2015	2,920		11,891	100.0	%
	Farmington Hills, MI	ASC	12/3/2015	5,895		27,217	82.0	%
	Haleyville, AL	MOB	12/30/2015	1,138		29,515	100.0	%
	Winfield, AL	PC	12/30/2015	3,178		60,592	100.0	%
	Russellville, AL	MOB	12/30/2015	1,385		29,129	100.0	%
Total / Weighted Average				$	129,701	759,648	94.3	%

Mortgage Note Fundings:
	Lafayette, LA	LTAC	9/30/2015	$	11,000	29,890	100.0	%
Total / Weighted Average				$	11,000	29,890	100.0	%



Community Healthcare Trust / 4Q 2015 Supplemental Information		Page 7

LEASING INFORMATION

LEASE EXPIRATION SCHEDULE



		Total Leased Square Footage			Annualized Lease Revenue
Year	Number of Leases Expiring	Amount	Percent (%)		Amount (in thousands)		Percent (%)
Q1 2016	2	1,689	0.2	%	$	25	0.2	%
Q2 2016	5	39,942	5.7	%	732		5.4	%
Q3 2016	3	19,237	2.7	%	453		3.4	%
Q4 2016	6	31,355	4.5	%	636		4.7	%
2017	8	64,369	9.1	%	1,596		11.8	%
2018	23	137,773	19.6	%	2,539		18.8	%
2019	18	94,297	13.4	%	2,138		15.8	%
2020	14	62,426	8.9	%	1,252		9.3	%
2021	3	26,590	3.8	%	557		4.1	%
2022	6	38,151	5.4	%	829		6.1	%
2023	2	11,800	1.7	%	162		1.2	%
2024	1	5,390	0.8	%	181		1.3	%
2025	6	28,696	4.1	%	857		6.3	%
Thereafter	12	139,978	19.8	%	1,504		11.3	%
Month-to-Month	2	2,066	0.3	%	38		0.3	%
Totals	111	703,759	100.0	%	$	13,499	100.0	%



Community Healthcare Trust / 4Q 2015 Supplemental Information		Page 8

PROPERTY DIVERSIFICATION

(As of December 31, 2015)



Property Type	Number of Properties	(1) Annualized Revenue ($ in thousands)		Annualized Revenue (%)
Medical Office Building (MOB)	12	$	5,879	41.0	%
Physicians Clinic (PC)	11	3,155		22.0	%
Ambulatory Surgery Center (ASC)	7	2,276		15.9	%
Dialysis Clinic (DC)	6	1,172		8.1	%
Long-term Acute Care Center (LTAC) (2)	1	1,060		7.4	%
Oncology Center (OC)	3	493		3.4	%
Behavioral Facility (BF)	1	315		2.2	%
Total	41	$	14,350	100.0	%
______________________
(1) Annualized revenue for leases was calculated by multiplying base rent for the month of December 2015 by 12 and for the mortgage was calculated based on the principal outstanding at December 31, 2015 in accordance with the mortgage note.
(2) Mortgage investment.



Community Healthcare Trust / 4Q 2015 Supplemental Information		Page 9

PROPERTY DIVERSIFICATION

(continued)

(As of December 31, 2015)



State	Number of Properties	(1) Annualized Revenue ($ in thousands)		Annualized Revenue (%)
KS	5	$	2,428	16.9	%
TX	4	1,988		13.9	%
FL	5	1,615		11.3	%
AL	6	1,057		7.4	%
LA (2)	1	1,060		7.4	%
IL	1	857		6.0	%
KY	2	717		5.0	%
OH	3	692		4.8	%
MI	1	613		4.3	%
PA	2	615		4.3	%
AZ	2	539		3.8	%
CO	2	550		3.8	%
GA	2	461		3.2	%
Other (Less than 3%)	5	1,157		7.9	%
Total	41	$	14,350	100.0	%
_________________
(1) Annualized revenue for leases was calculated by multiplying base rent for the month of December 2015 by 12 and for the mortgage was calculated based on the principal outstanding at December 31, 2015 in accordance with the mortgage note.
(2) Mortgage investment.



Community Healthcare Trust / 4Q 2015 Supplemental Information		Page 10

PROPERTY DIVERSIFICATION

(continued)

(As of December 31, 2015)



Tenant	(1) Annualized Revenue ($ in thousands)		Annualized Revenue (%)
AMG Specialty Hospital (2)	$	1,060	7.4	%
Fresenius	907		6.3	%
HCA	884		6.2	%
Adventist Health System Sunbelt Healthcare Corporation	655		4.6	%
DMC Sinai-Grace Hospital	613		4.3	%
Curae Health	564		3.9	%
Roger E. Bassin	543		3.8	%
Vantage Oncology	493		3.4	%
Northwest Surgery Associates	466		3.2	%
Presence Health	452		3.2	%
Other (Less than 3%)	7,713		53.7	%
Total	$	14,350	100.0	%

(1) Annualized revenue for leases was calculated by multiplying base rent for the month of December 2015 by 12 and for the mortgage was calculated based on the principal outstanding at December 31, 2015 in accordance with the mortgage note.
(2) Mortgage investment.



Community Healthcare Trust / 4Q 2015 Supplemental Information		Page 11

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