Community Healthcare Trust (CHCT) Misses Q1 EPS Expectations

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Community Healthcare Trust Announces Results for the Three Months Ended March 31, 2016

May 12, 2016 5:00 PM EDT

FRANKLIN, Tenn., May 12, 2016 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) (the "Company") today announced results for the three months ended March 31, 2016.  Normalized funds from operations for the three months ended March 31, 2016 totaled $0.43 per diluted common share.  The Company reported net income for the first quarter of approximately $116,000.

Highlights include:

During the first quarter of 2016, the Company acquired four properties for a total purchase price of $25.4 million. The four properties, located in three states, total approximately 146,000 square feet and were 95.6% leased upon acquisition. During the first... More