Community Healthcare Trust (NYSE: CHCT) reported Q1 EPS of $0.06, versus $0.09 reported last year. Revenue for the quarter came in at $12.9 million, versus $11.08 million reported last year.

Highlights include:

• During the first quarter of 2019, the Company issued, through its at-the-market offering program ("ATM Program"), 143,600 shares of common stock at an average gross sales price of $33.57 per share and received net proceeds of approximately $4.7 million at an approximate 4.96% current equity yield.
• During the first quarter of 2019, the Company acquired two real estate properties totaling approximately 83,000 square feet for an aggregate purchase price and cash consideration of approximately $32.7 million. Upon acquisition, the properties were 100% leased in the aggregate with lease expirations in 2029.
• On April 30, 2019, the Company acquired one real estate property that was newly constructed totaling approximately 81,000 square feet for an aggregate purchase price and cash consideration of approximately $27.0 million. Upon acquisition, the property was 100.0% leased with lease expiration in 2034.
• The Company has two properties under definitive purchase agreements for an aggregate expected purchase price of approximately $4.9 million. The Company's expected aggregate returns on these investments range from approximately 9.3% to 9.4%. The Company anticipates the properties will close during the second quarter of 2019; however, the Company is currently performing due diligence procedures customary for these types of transactions and cannot provide assurance as to the timing of when, or whether, the transaction will actually close.
• The Company has four properties under definitive purchase agreements, to be acquired after completion and occupancy, for an aggregate expected purchase price of approximately $76.0 million. The Company's expected aggregate returns on these investments is approximately 11.0%. The Company expects to close these properties through the end of 2019; however, the Company cannot provide assurance as to the timing of when, or whether, these transactions will actually close.
• On March 29, 2019, the Company entered into an amendment to its credit agreement, adding a $75.0 million term loan, which matures on March 29, 2026, extended the maturity of the revolving facility to March 29, 2023, improved pricing on the Credit Facility, and adjusted certain financial covenants. The amounts outstanding under the revolving facility will bear annual interest at a floating rate equal to (x) LIBOR plus (y) a margin ranging from 1.25% to 1.90% (currently 1.65%). Payments under the credit agreement are interest only, with the full amount of the principal due at maturity and may be prepaid at any time, without penalty. Also, on March 29, 2019, the Company entered into interest rate swap agreements that fixed the interest rates on the $75.0 million term loan, resulting in a fixed interest rate ranging from to 3.825% to 4.538% (currently 4.284%), depending on the Company's leverage and other factors.
• On May 1, 2019, the Company's Board of Directors declared a quarterly common stock dividend in the amount of $0.41 per share. The dividend is payable on May 31, 2019 to stockholders of record on May 17, 2019.

For earnings history and earnings-related data on Community Healthcare Trust (CHCT) click here.