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.
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.
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.
The following information was filed by Community Healthcare Trust Inc (CHCT) on Thursday, February 25, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Ticker: CHCT CIK: 1631569 Form Type:10-K Annual Report Accession Number: 0001631569-16-000032 Submitted to the SEC: Fri Feb 26 2016 5:19:15 PM EST Accepted by the SEC: Fri Feb 26 2016 Period: Thursday, December 31, 2015 Industry: Real Estate Investment Trusts