Document

EX-99.2 3 supplementalinfo2025q1.htm EX-99.2 Document

Exhibit 99.2


			CHCT
			LISTED
			NYSE


SUPPLEMENTAL INFORMATION Q1 2025


Community Healthcare Trust						1Q 2025 \| Supplemental Information

ABOUT US

CHCT is a self-managed healthcare real estate investment trust (“REIT”) that owns a diverse portfolio of properties including medical office buildings, acute inpatient behavioral facilities, inpatient rehabilitation facilities, physician clinics, specialty centers, behavioral specialty facilities, and surgical centers and hospitals across the United States, primarily outside of urban centers. As a result of favorable demographic trends, increases in healthcare spending, and the shift in the delivery of healthcare services to community-based facilities, we believe our properties are essential for healthcare providers to serve their local markets.

TABLE OF CONTENTS


Company Snapshot			3
Corporate Information			4
Financial Highlights			5
Consolidated Balance Sheets			7
Consolidated Statements of Operations			8
Reconciliation of Non-GAAP Measures			9
Weighted Average Shares			11
Debt Summary			12
Investment Activity			13
Portfolio Diversification			14
Lease Expirations			15
Property Locations			16
Reporting Definitions			23
Disclaimers			26


Community Healthcare Trust						1Q 2025 \| Supplemental Information

COMPANY SNAPSHOT


	March 31, 2025
Gross real estate investments (in thousands) (1)	$1,168,263
Total properties	201
% Leased (2)	90.9	%
Total square feet owned	4,506,331
Weighted Average remaining lease term (years)	6.7
Cash and cash equivalents (in thousands)	$2,271
Debt to Total Capitalization	41.0	%
Weighted average interest rate per annum on Revolving Line of Credit(3)	5.3	%
Weighted average interest rate per annum on Term Loans	4.7	%
Equity market cap (in millions)	$514.6
Quarterly dividend paid in the period (per share)	$0.4675
Quarter end stock price (per share)	$18.16
Dividend yield	10.30	%
Common shares outstanding	28,338,690
___________
(1) Includes a portion of one property accounted for as a sales-type lease, two properties classified as held for sale, and one property accounted for as a financing transaction investment.
(2) Excludes real estate assets held for sale.
(3) Revolving Line of Credit is partially hedged; this rate represents the weighted average of fixed and floating rates.


Community Healthcare Trust			Page \| 3			1Q 2025 \| Supplemental Information

CORPORATE INFORMATION

Community Healthcare Trust Incorporated

3326 Aspen Grove Drive, Suite 150

Franklin, TN 37067

Phone: 615-771-3052

E-mail: Investorrelations@chct.reit

Website: www.chct.reit

BOARD OF DIRECTORS

Alan Gardner

Robert Hensley

Claire Gulmi

R. Lawrence Van Horn

Cathrine Cotman

David H. Dupuy

Chairman of the
Board

Audit Committee
Chair

Compensation Committee
Chair

ESG Committee
Chair

Board
member

EXECUTIVE MANAGEMENT TEAM

David H. Dupuy

William G. Monroe IV

Leigh Ann Stach

Timothy L. Meyer

Chief Executive Officer
and President

Executive Vice President
Chief Financial Officer

Executive Vice President
Chief Accounting Officer

Executive Vice President
Asset Management


COVERING ANALYSTS


A. Goldfarb - Piper Sandler			R. Stevenson - Janney Capital Markets
J. Kammert - Evercore ISI			B. Oxford - Colliers International Securities
M. Lewis - Truist Securities


PROFESSIONAL SERVICES


Independent Registered Public Accounting Firm			Transfer Agent
BDO USA, P.C.			Equiniti Trust Company, LLC
501 Commerce Street, Suite 1400			Operations Center
Nashville, TN 37203			6201 15th Avenue
			Brooklyn, NY 11219
			1-800-937-5449


Community Healthcare Trust			Page \| 4			1Q 2025 \| Supplemental Information

FINANCIAL HIGHLIGHTS


		Three Months Ended
		1Q 2025		4Q 2024		3Q 2024		2Q 2024		1Q 2024
		(Unaudited and in thousands, except per share data)
STATEMENTS OF OPERATIONS ITEMS (1)(2)
	Revenues	$	30,078	$	29,298	$	29,639	$	27,516	$	29,333
	Net income (loss)	$	1,591	$	1,832	$	1,749	$	(10,427)	$	3,665
	NOI	$	23,983	$	23,813	$	23,653	$	21,944	$	23,542
	EBITDAre	$	18,886	$	19,020	$	18,924	$	6,491	$	18,989
	Adjusted EBITDAre	$	21,596	$	21,617	$	21,421	$	19,960	$	21,413
	FFO	$	12,668	$	12,745	$	12,821	$	11,608	$	14,043
	AFFO	$	14,739	$	14,630	$	14,639	$	14,281	$	15,712

Per Diluted Share: (1)(2)
	Net income (loss) attributable to common shareholders	$	0.03	$	0.04	$	0.04	$	(0.42)	$	0.11
	FFO	$	0.47	$	0.48	$	0.48	$	0.43	$	0.53
	AFFO	$	0.55	$	0.55	$	0.55	$	0.53	$	0.59
	___________
	(1) Net loss and FFO for the three months ended June 30, 2024 included lease and interest receivable reserves totaling approximately $3.2 million, including straight-line rent of approximately $0.9 million, resulting in a reduction of FFO per diluted share of approximately $0.12 per diluted share. AFFO, which adds back straight-line rent, was reduced by approximately $0.09 per diluted share for the three months ending June 30, 2024.
	(2) Net loss for the three months ended June 30, 2024 also includes an $11.0 million credit loss reserve related to notes receivable that are incidental to the Company's main business with a geriatric inpatient behavioral hospital tenant.


Community Healthcare Trust			Page \| 5			1Q 2025 \| Supplemental Information

FINANCIAL HIGHLIGHTS (Continued)


		As of
		1Q 2025			4Q 2024			3Q 2024			2Q 2024			1Q 2024
		(Unaudited and dollars in thousands)
BALANCE SHEET ITEMS
ASSETS
	Total real estate properties	$	1,148,772		$	1,145,931		$	1,135,463		$	1,120,450		$	1,090,690
	Total assets	$	985,114		$	992,563		$	981,779		$	983,196		$	982,701

CAPITALIZATION
	Net debt	$	496,016		$	485,955		$	473,716		$	457,625		$	442,320
	Total capitalization	$	1,210,874		$	1,204,529		$	1,183,615		$	1,177,230		$	1,165,024
	Net debt/total capitalization	41.0		%	40.3		%	40.0		%	38.9		%	38.0		%
	Market valuation	$	514,631		$	542,536		$	512,599		$	656,059		$	735,467
	Enterprise value	$	1,008,376		$	1,024,107		$	983,479		$	1,112,950		$	1,172,841


Community Healthcare Trust			Page \| 6			1Q 2025 \| Supplemental Information

CONSOLIDATED BALANCE SHEETS


	As of
	1Q 2025		4Q 2024		3Q 2024		2Q 2024		1Q 2024
ASSETS	(Unaudited; Dollars and shares in thousands, except per share data)
Real estate properties
Land and land improvements	$	149,506	$	149,501	$	146,118	$	143,717	$	142,120
Buildings, improvements, and lease intangibles	998,933		996,104		989,019		976,415		948,253
Personal property	333		326		326		318		317
Total real estate properties	1,148,772		1,145,931		1,135,463		1,120,450		1,090,690
Less accumulated depreciation	(253,537)		(242,609)		(232,747)		(221,834)		(211,058)
Total real estate properties, net	895,235		903,322		902,716		898,616		879,632
Cash and cash equivalents	2,271		4,384		2,836		734		3,805
Restricted cash	—		—		—		—		1,141

Assets held for sale	6,755		6,755		6,351		7,326		7,466
Other assets, net	80,853		78,102		69,876		76,520		90,657
Total assets	$	985,114	$	992,563	$	981,779	$	983,196	$	982,701

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Debt, net	$	496,016	$	485,955	$	473,716	$	457,625	$	442,320
Accounts payable and accrued liabilities	12,058		14,289		14,422		12,023		11,775

Other liabilities, net	15,719		16,354		16,489		15,777		16,960
Total liabilities	523,793		516,598		504,627		485,425		471,055

Commitments and contingencies

Stockholders' Equity
Preferred stock, $0.01 par value; 50,000 shares authorized	—		—		—		—		—
Common stock, $0.01 par value; 450,000 shares authorized	283		282		282		280		277
Additional paid-in capital	706,776		704,524		702,014		699,833		690,491
Cumulative net income	87,266		85,675		83,843		82,094		92,521
Accumulated other comprehensive gain	12,402		17,631		10,016		21,490		21,490
Cumulative dividends	(345,406)		(332,147)		(319,003)		(305,926)		(293,133)
Total stockholders’ equity	461,321		475,965		477,152		497,771		511,646
Total liabilities and stockholders' equity	$	985,114	$	992,563	$	981,779	$	983,196	$	982,701


Community Healthcare Trust			Page \| 7			1Q 2025 \| Supplemental Information

CONSOLIDATED STATEMENTS OF OPERATIONS


	Three Months Ended
	1Q 2025			4Q 2024			3Q 2024			2Q 2024			1Q 2024
	(Unaudited; Dollars and shares in thousands, except per share data)
REVENUES
Rental income	$	29,730		$	28,983		$	29,335		$	27,905		$	28,342


Other operating interest	348			315			304			(389)			991
	30,078			29,298			29,639			27,516			29,333

EXPENSES
Property operating	6,095			5,485			5,986			5,572			5,791
General and administrative (1)	5,100			4,809			4,935			4,760			4,554
Depreciation and amortization	10,943			10,797			10,927			10,792			10,262

	22,138			21,091			21,848			21,124			20,607

OTHER (EXPENSE) INCOME

Gain on sale (impairment) of depreciable real estate asset	—			14			5			(140)			—
Interest expense	(6,352)			(6,405)			(6,253)			(5,986)			(5,062)
Credit loss reserve	—			—			—			(11,000)			—

Interest and other income, net	3			16			206			307			1
	$	(6,349)		$	(6,375)		$	(6,042)		$	(16,819)		$	(5,061)
NET INCOME (LOSS)	$	1,591		$	1,832		$	1,749		$	(10,427)		$	3,665



NET INCOME PER DILUTED COMMON SHARE	$	0.03		$	0.04		$	0.04		$	(0.42)		$	0.11
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	26,733			26,682			26,660			26,479			26,297
DIVIDENDS DECLARED, PER COMMON SHARE, IN THE PERIOD	$	0.4675		$	0.4650		$	0.4625		$	0.4600		$	0.4575


(1) GENERAL AND ADMINISTRATIVE EXPENSES:
Non-cash vs. Cash:
Non-cash (stock-based compensation)	53.1		%	54.0		%	50.6		%	51.9		%	53.2		%
Cash	46.9		%	46.0		%	49.4		%	48.1		%	46.8		%
As a % of Revenue:
Non-cash (stock-based compensation)	9.0		%	8.8		%	8.4		%	8.9		%	8.3		%
Cash	7.9		%	7.5		%	8.2		%	8.3		%	7.3		%


Community Healthcare Trust			Page \| 8			1Q 2025 \| Supplemental Information

RECONCILIATION OF NON-GAAP MEASURES

FUNDS FROM OPERATIONS (FFO)

ADJUSTED FUNDS FROM OPERATIONS (AFFO)


		Three Months Ended
		1Q 2025		4Q 2024		3Q 2024		2Q 2024		1Q 2024
		(Unaudited; Dollars and shares in thousands, except per share data)
NET INCOME (LOSS) (1) (2)		$	1,591	$	1,832	$	1,749	$	(10,427)	$	3,665
	Real estate depreciation and amortization	11,077		10,927		11,077		10,895		10,378
	Credit loss reserve (2)	—		—		—		11,000		—

	(Gain on sale) impairment of depreciable real estate asset	—		(14)		(5)		140		—
	Total adjustments	11,077		10,913		11,072		22,035		10,378
FFO (1)		$	12,668	$	12,745	$	12,821	$	11,608	$	14,043
	Straight-line rent	(639)		(712)		(679)		204		(755)
	Stock-based compensation	2,710		2,597		2,497		2,469		2,424


AFFO		$	14,739	$	14,630	$	14,639	$	14,281	$	15,712
FFO PER COMMON SHARE		$	0.47	$	0.48	$	0.48	$	0.43	$	0.53
AFFO PER COMMON SHARE		$	0.55	$	0.55	$	0.55	$	0.53	$	0.59
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (3)		27,007		26,786		26,853		26,791		26,707
________________
(1) Net loss for the second quarter of 2024 included lease and interest receivable reserves totaling approximately $3.2 million, including straight-line rent of approximately $0.9 million, resulting in a reduction of FFO per diluted share of approximately $0.12 per diluted share. AFFO, which adds back straight-line rent, was reduced by approximately $0.09 per diluted share for second quarter of 2024.
(2) Net loss for the second quarter of 2024 included an $11.0 million credit loss reserve related to notes receivable that are incidental to the Company's main business with a geriatric inpatient behavioral hospital tenant.
(3) 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.


AFFO, ADJUSTED FOR ACQUISITIONS (1)

AFFO		$	14,739	$	14,630	$	14,639	$	14,281	$	15,712
	Revenue on Properties Acquired in the period (2)	—		205		34		98		774
	Property operating expense adjustment (2)	—		(48)		(2)		(10)		(71)
	Interest expense adjustment (3)	(41)		(44)		(10)		(28)		(205)
AFFO, ADJUSTED FOR ACQUISITIONS		$	14,698	$	14,743	$	14,661	$	14,341	$	16,210

(1) AFFO is adjusted to reflect acquisitions as if they had occurred on the first day of the applicable period.
(2) Revenue and expense adjustments are calculated based on expected returns and leases in place at acquisition. The lease on the property acquired in the first quarter of 2025 will commence upon completion of approximately $1.4 million in tenant improvements. As such, no income was recorded on the property in the first quarter of 2025.
(3) Assumes that acquisitions were 40% funded with debt and the remainder funded with equity. The interest expense adjustment was calculated using the weighted average interest rate on the Company's revolving credit facility for the period.

AMORTIZATION OF STOCK-BASED COMPENSATION
	Amortization Required by GAAP (1)	$	2,710	$	2,597	$	2,498	$	2,153	$	2,107
	Amortization Based on Legal Vesting Periods	2,208		2,073		2,019		1,782		1,746
	Acceleration of Amortization	$	502	$	524	$	479	$	371	$	361

(1) GAAP requires that deferred compensation be amortized over the earlier of the vesting or retirement eligibility date.


Community Healthcare Trust			Page \| 9			1Q 2025 \| Supplemental Information

RECONCILIATION OF NON-GAAP MEASURES (CONTINUED)

NET OPERATING INCOME (NOI)


		Three Months Ended
		1Q 2025		4Q 2024		3Q 2024		2Q 2024		1Q 2024
		(Unaudited; Dollars and shares in thousands, except per share data)
NET OPERATING INCOME
	Net income (loss) (1)	$	1,591	$	1,832	$	1,749	$	(10,427)	$	3,665
	General and administrative	5,100		4,809		4,935		4,760		4,554

	Depreciation and amortization	10,943		10,797		10,927		10,792		10,262

	(Gain on sale) impairment of depreciable real estate asset	—		(14)		(5)		140		—
	Credit loss reserve (2)	—		—		—		11,000		—
	Interest expense	6,352		6,405		6,253		5,986		5,062

	Interest and other income, net	(3)		(16)		(206)		(307)		(1)
NOI		$	23,983	$	23,813	$	23,653	$	21,944	$	23,542


EBITDAre and ADJUSTED EBITDAre

EBITDAre
	Net income (loss) (1)	$	1,591	$	1,832	$	1,749	$	(10,427)	$	3,665
	Interest expense	6,352		6,405		6,253		5,986		5,062
	Depreciation and amortization	10,943		10,797		10,927		10,792		10,262


	(Gain on sale) impairment of depreciable real estate asset	—		(14)		(5)		140		—
EBITDAre		$	18,886	$	19,020	$	18,924	$	6,491	$	18,989
	Non-cash stock-based compensation expense	2,710		2,597		2,497		2,469		2,424

	Credit loss reserve	—		—		—		11,000		—

ADJUSTED EBITDAre		$	21,596	$	21,617	$	21,421	$	19,960	$	21,413

ADJUSTED EBITDAre ANNUALIZED (3)		$	86,384


(1)			Net loss for the three months ended June 30, 2024 included the reversal of rent and interest related to a tenant totaling approximately $3.2 million, including straight-line rent of approximately $0.9 million.
(2)			During the three months ended June 30, 2024, the Company recorded an $11.0 million credit loss reserve related to notes receivable that are incidental to the Company's main business with a geriatric inpatient behavioral hospital tenant.
(3)			Adjusted EBITDAre multiplied by 4. This annualized amount may differ significantly from the actual full year results.


Community Healthcare Trust			Page \| 10			1Q 2025 \| Supplemental Information

WEIGHTED AVERAGE SHARES


		Three Months Ended
		1Q 2025		4Q 2024		3Q 2024		2Q 2024		1Q 2024
		(Unaudited; Dollars and shares in thousands, except per share data)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (1)
	Weighted average common shares outstanding	28,324		28,242		28,168		27,879		27,680
	Unvested restricted shares	(1,591)		(1,560)		(1,508)		(1,400)		(1,383)
	Weighted average common shares outstanding - EPS	26,733		26,682		26,660		26,479		26,297

	Weighted average common shares outstanding - FFO Basic	26,733		26,682		26,660		26,479		26,297
	Potential dilutive common shares (from below)	274		104		193		312		410
	Weighted average common shares outstanding - FFO Diluted	27,007		26,786		26,853		26,791		26,707

TREASURY SHARE CALCULATION
	Unrecognized deferred compensation-end of period	$	25,420	$	25,220	$	27,575	$	26,764	$	28,564
	Unrecognized deferred compensation-beginning of period	$	25,668	$	27,575	$	26,168	$	27,752	$	26,776
	Average unrecognized deferred compensation	$	25,544	$	26,398	$	26,872	$	27,258	$	27,670
	Average share price per share	$	19.08	$	18.13	$	20.44	$	24.30	$	26.36
	Treasury shares	1,339		1,456		1,315		1,122		1,049

	Unvested restricted shares	(1,591)		(1,560)		(1,508)		(1,400)		(1,383)
	Unvested restricted share units	(22)		—		—		(34)		(76)
	Treasury shares	1,339		1,456		1,315		1,122		1,049
	Potential dilutive common shares	274		104		193		312		410

(1) Restricted stock awards and time-based RSUs are included in the calculation of weighted average common shares outstanding if dilutive. Performance-based RSUs are included in the calculation of weighted average common shares outstanding to the extent that they in-the-money as of the end of the reporting period and are dilutive.


Community Healthcare Trust			Page \| 11			1Q 2025 \| Supplemental Information

DEBT SUMMARY


	As of March 31, 2025
	Principal Balance		Stated Rate	Hedged Rate
	(in thousands)

Revolving credit facility (1)	$	222,000	6.01%	3.84% (partial)

Term loan A-4	125,000			3.60%
Term loan A-5	150,000			5.61%


Debt	497,000
Deferred Financing Costs, net	(984)
Debt, net	$	496,016

(1) Interest rate swaps previously entered into to fix the interest rates on the A-3 Term Loan will remain in place on the Revolving Credit Facility through their maturity on March 29, 2026.


Select Covenants	Required	As of March 31, 2025
Leverage ratio	≤ 60.0%	41.9	%
Fixed charge coverage ratio	≥ 1.50x	3.2
Tangible net worth (in thousands)	≥ $504,476	$689,448
Secured indebtedness	≤ 30.0%	—	%
Minimum debt service coverage ratio	≥ 2.0	3.4


Community Healthcare Trust			Page \| 12			1Q 2025 \| Supplemental Information

2025 PROPERTY INVESTMENTS


Property	Market	Property Type	Date Acquired	% Leased at Acquisition		Purchase Price (in thousands)		Square Feet
TRT Recovery	Cartersville, GA	BSF	3/6/2025	100.0	%	$	9,504	38,339









				100.0	%	$	9,504	38,339


Community Healthcare Trust			Page \| 13			1Q 2025 \| Supplemental Information

PORTFOLIO DIVERSIFICATION


Property Type	Annualized Rent (%)
Medical Office Building (MOB)	36.6	%
Inpatient Rehabilitation Facilities (IRF)	19.1	%
Acute Inpatient Behavioral (AIB)	12.8	%
Specialty Centers (SC)	10.0	%
Physician Clinics (PC)	8.3	%
Behavioral Specialty Facilities (BSF)	7.1	%
Surgical Centers and Hospitals (SCH)	4.0	%
Long-term Acute Care Hospitals (LTACH)	2.1	%
Total	100.0	%


State	Annualized Rent (%)
Texas (TX)	16.7	%
Illinois (IL)	11.4	%
Ohio (OH)	10.1	%
Florida (FL)	8.0	%
Pennsylvania (PA)	5.9	%
All Others	47.9	%
Total	100.0	%


Tenant	Annualized Rent (%)
LifePoint Health (LifePoint)	8.6	%
US Healthvest	7.4	%
Assurance Health (Assurance)	2.9	%
Summit Behavioral Healthcare (Summit)	2.9	%
Post Acute Medical (PAM)	2.8	%
Worcester Behavioral Innovations Hospital (Worcester)	2.5	%
Oceans Behavioral (Oceans)	2.4	%
Blue Cross Blue Shield of Louisiana (BCBS of LA)	2.3	%
UPMC - University of Pittsburgh Medical Center (UPMC)	2.2	%
Radiology Regional	2.2	%
All Others	63.8	%
Total	100.0	%


Community Healthcare Trust			Page \| 14			1Q 2025 \| Supplemental Information

LEASE EXPIRATIONS


		Total Leased Sq. Ft.			Annualized Rent
Year	Number of Leases Expiring	Amount (thousands)	Percent (%)		Amount ($) (thousands)		Percent (%)
2025	48	319	7.8	%	$	7,846	7.2	%
2026	76	559	13.7	%	12,371		11.3	%
2027	64	374	9.2	%	7,880		7.2	%
2028	60	388	9.5	%	8,276		7.6	%
2029	42	352	8.6	%	8,941		8.2	%
2030	21	158	3.9	%	3,998		3.6	%
2031	25	363	8.9	%	10,012		9.2	%
2032	17	158	3.9	%	2,498		2.3	%
2033	14	82	2.0	%	1,745		1.6	%
2034	22	316	7.8	%	12,026		11.0	%
Thereafter	34	949	23.3	%	32,320		29.5	%
Month-to-Month	13	55	1.4	%	1,467		1.3	%
Totals	436	4,073	100.0	%	$	109,380	100.0	%

Total portfolio was approximately 90.9% leased in the aggregate, excluding real estate assets held for sale, at March 31, 2025 with lease expirations ranging from 2025 through 2045.


Community Healthcare Trust			Page \| 15			1Q 2025 \| Supplemental Information

PROPERTY LOCATIONS

Approximately 51% of our property revenues are in MSAs with populations over 1,000,000 and approximately 92% 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	10,646	0.24	%	$	343.9	0.31	%	12,927,614	Los Angeles-Long Beach-Anaheim, CA	2
Chicago Behavioral Hospital	AIB	85,000	1.88	%	$	2,226.2	2.04	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Congress Medical Building 350	MOB	17,543	0.39	%	$	414.5	0.38	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Congress Medical Building 390	MOB	30,855	0.68	%	$	475.9	0.44	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Endeavor Health	PC	13,700	0.30	%	$	279.5	0.26	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Future Diagnostics Group	SC	8,876	0.20	%	$	314.2	0.29	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Gurnee Medical Office Building	MOB	22,968	0.51	%	$	244.6	0.22	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Joliet Medical Building	SC	44,888	0.99	%	$	1,474.9	1.35	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Lincolnwood Medical Building	PC	14,863	0.33	%	$	317.0	0.29	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Morris Medical Center	MOB	18,470	0.41	%	$	638.7	0.58	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
New Lenox Medical Clinic	PC	7,905	0.17	%	$	385.0	0.35	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Oak Lawn Medical Plaza	MOB	33,356	0.74	%	$	460.7	0.42	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Skin MD	PC	13,565	0.30	%	$	526.3	0.48	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
US HealthVest - Lake	AIB	83,658	1.85	%	$	3,009.0	2.75	%	9,408,576	Chicago-Naperville-Elgin, IL-IN	3
Texas Rehabilitation Hospital of Fort Worth, LLC	IRF	39,761	0.88	%	$	2,068.5	1.89	%	8,344,032	Dallas-Fort Worth-Arlington, TX	4
Bayside Medical Center	MOB	50,593	1.12	%	$	1,121.5	1.03	%	7,796,182	Houston-Pasadena-The Woodlands, TX	5
Clear Lake Institute for Rehabilitation	IRF	55,646	1.23	%	$	3,060.7	2.80	%	7,796,182	Houston-Pasadena-The Woodlands, TX	5
Gessner Road MOB	MOB	14,347	0.32	%	$	361.9	0.33	%	7,796,182	Houston-Pasadena-The Woodlands, TX	5
2301 Research Boulevard	MOB	93,079	2.05	%	$	2,014.0	1.84	%	6,436,489	Washington-Arlington-Alexandria, DC-VA-MD-WV	7
Clinton Towers MOB	MOB	37,344	0.82	%	$	971.2	0.89	%	6,436,489	Washington-Arlington-Alexandria, DC-VA-MD-WV	7
TRT Recovery Cartersville, LLC	BSF	38,339	0.85	%	$	1,048.8	0.96	%	6,411,149	Atlanta-Sandy Springs-Roswell, GA	8
Haddon Hill Professional Center	MOB	25,118	0.55	%	$	239.2	0.22	%	6,330,422	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD	9
Hopebridge - Westlake	BSF	15,057	0.33	%	$	235.9	0.22	%	6,330,422	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD	9
Continuum Wellness Center	MOB	8,227	0.18	%	$	165.3	0.15	%	5,186,958	Phoenix-Mesa-Chandler, AZ	10
Desert Mtn Health Center	BSF	14,046	0.31	%	$	532.8	0.49	%	5,186,958	Phoenix-Mesa-Chandler, AZ	10
Virtuous Health Center	SCH	11,722	0.26	%	$	304.8	0.28	%	5,186,958	Phoenix-Mesa-Chandler, AZ	10
Associated Surgical Center of Dearborn	SCH	12,400	0.27	%	$	369.5	0.34	%	4,400,578	Detroit-Warren-Dearborn, MI	14
Berry Surgical Center	SCH	27,217	0.60	%	$	640.2	0.59	%	4,400,578	Detroit-Warren-Dearborn, MI	14


Community Healthcare Trust			Page \| 16			1Q 2025 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
Smokey Point Behavioral Hospital	AIB	70,100	1.55	%	$	2,814.4	2.57	%	4,145,494	Seattle-Tacoma-Bellevue, WA	15
Sanford Health Bemidji 1611	MOB	45,800	1.01	%	$	1,569.2	1.43	%	3,757,952	Minneapolis-St. Paul-Bloomington, MN-WI	16
Sanford Health Bemidji 1705	MOB	28,900	0.64	%	$	636.8	0.58	%	3,757,952	Minneapolis-St. Paul-Bloomington, MN-WI	16
Bay Area Physicians Center	MOB	17,943	0.40	%	$	414.0	0.38	%	3,424,560	Tampa-St. Petersburg-Clearwater, FL	17
Sanderling Dialysis	SC	11,300	0.25	%	$	438.9	0.40	%	3,298,799	San Diego-Chula Vista-Carlsbad, CA	18
Liberty Dialysis	SC	8,450	0.19	%	$	255.2	0.23	%	3,052,498	Denver-Aurora-Centennial, CO	19
Bassin Center For Plastic Surgery-Orlando	PC	2,420	0.05	%	$	145.8	0.13	%	2,940,513	Orlando-Kissimmee-Sanford, FL	20
Bassin Center For Plastic-Surgery-Villages	PC	2,894	0.06	%	$	174.4	0.16	%	2,940,513	Orlando-Kissimmee-Sanford, FL	20
Kissimmee Medical Plaza	PC	4,902	0.11	%	$	—	—	%	2,940,513	Orlando-Kissimmee-Sanford, FL	20
Medical Village at Wintergarden	MOB	21,532	0.48	%	$	624.6	0.57	%	2,940,513	Orlando-Kissimmee-Sanford, FL	20
Orthopaedic Associates of Osceola	PC	15,167	0.33	%	$	368.3	0.34	%	2,940,513	Orlando-Kissimmee-Sanford, FL	20
Northbay Professional Pavilion	MOB	19,656	0.43	%	$	487.1	0.45	%	2,859,024	Baltimore-Columbia-Towson, MD	22
Righttime Medical Care	SC	6,236	0.14	%	$	359.5	0.33	%	2,859,024	Baltimore-Columbia-Towson, MD	22
Waters Edge Medical	MOB	23,388	0.52	%	$	402.3	0.37	%	2,859,024	Baltimore-Columbia-Towson, MD	22
Belleville Medical Office	PC	6,487	0.14	%	$	—	—	%	2,811,927	St. Louis, MO-IL	23
Eyecare Partners	PC	5,560	0.12	%	$	54.2	0.05	%	2,811,927	St. Louis, MO-IL	23
Eyecare Partners	SCH	16,608	0.37	%	$	310.6	0.28	%	2,811,927	St. Louis, MO-IL	23
Eyecare Partners	PC	6,311	0.14	%	$	50.7	0.05	%	2,811,927	St. Louis, MO-IL	23
Heartland Women's Healthcare of Advantia Shiloh	PC	16,212	0.36	%	$	357.7	0.33	%	2,811,927	St. Louis, MO-IL	23
Heartland Women's Healthcare of Advantia Wentzville	PC	7,900	0.17	%	$	137.0	0.13	%	2,811,927	St. Louis, MO-IL	23
Baptist Health	PC	13,500	0.30	%	$	376.1	0.34	%	2,763,006	San Antonio-New Braunfels, TX	24
JDH Professional Building	MOB	12,376	0.27	%	$	261.9	0.24	%	2,763,006	San Antonio-New Braunfels, TX	24
Rehabilitation Institute of South San Antonio	IRF	38,000	0.84	%	$	2,138.5	1.96	%	2,763,006	San Antonio-New Braunfels, TX	24
San Antonio Head & Neck Surgical Associates	PC	6,500	0.14	%	$	191.7	0.18	%	2,763,006	San Antonio-New Braunfels, TX	24
Butler Medical Center	MOB	10,116	0.22	%	$	273.3	0.25	%	2,429,917	Pittsburgh, PA	28
Forefront Dermatology Building	PC	15,650	0.35	%	$	352.3	0.32	%	2,429,917	Pittsburgh, PA	28
Greentree Primary Care	MOB	34,077	0.75	%	$	890.9	0.81	%	2,429,917	Pittsburgh, PA	28
The Heart & Vascular Center	PC	15,878	0.35	%	$	315.5	0.29	%	2,429,917	Pittsburgh, PA	28
Vascular Access Centers of Southern Nevada	SC	4,800	0.11	%	$	123.8	0.11	%	2,398,871	Las Vegas-Henderson-North Las Vegas, NV	29
51 Cavalier Blvd	MOB	17,935	0.40	%	$	179.1	0.16	%	2,302,815	Cincinnati, OH-KY-IN	30


Community Healthcare Trust			Page \| 17			1Q 2025 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
Anderson Ferry Plaza	MOB	43,791	0.97	%	$	636.8	0.58	%	2,302,815	Cincinnati, OH-KY-IN	30
Assurance Health System	BSF	14,381	0.32	%	$	571.7	0.52	%	2,302,815	Cincinnati, OH-KY-IN	30
Cavalier Medical & Dialysis Center	MOB	17,614	0.39	%	$	221.7	0.20	%	2,302,815	Cincinnati, OH-KY-IN	30
Davita Commercial Way	SC	4,980	0.11	%	$	—	—	%	2,302,815	Cincinnati, OH-KY-IN	30
Florence Medical Building	MOB	17,845	0.39	%	$	258.3	0.24	%	2,302,815	Cincinnati, OH-KY-IN	30
Liberty Rehabilitation Hospital	IRF	37,720	0.83	%	$	2,481.6	2.27	%	2,302,815	Cincinnati, OH-KY-IN	30
Prairie Star Medical Facility I	MOB	24,724	0.55	%	$	638.2	0.58	%	2,253,579	Kansas City, MO-KS	31
Prairie Star Medical Facility II	MOB	24,840	0.55	%	$	167.7	0.15	%	2,253,579	Kansas City, MO-KS	31
Hope Valley Recovery - Circleville	BSF	7,787	0.17	%	$	82.6	0.08	%	2,225,377	Columbus, OH	32
Hopebridge - Columbus	BSF	13,969	0.31	%	$	175.2	0.16	%	2,225,377	Columbus, OH	32
Ravines Edge	MOB	16,751	0.37	%	$	265.7	0.24	%	2,225,377	Columbus, OH	32
Sedalia Medical Center	MOB	19,426	0.43	%	$	339.8	0.31	%	2,225,377	Columbus, OH	32
Assurance Health System	BSF	13,722	0.30	%	$	523.8	0.48	%	2,174,833	Indianapolis-Carmel-Greenwood, IN	33
Assurance Health, LLC	BSF	10,200	0.23	%	$	383.9	0.35	%	2,174,833	Indianapolis-Carmel-Greenwood, IN	33
Kindred Hospital Indianapolis North	LTACH	37,270	0.82	%	$	1,613.9	1.48	%	2,174,833	Indianapolis-Carmel-Greenwood, IN	33
Assurance - Hudson	BSF	13,290	0.29	%	$	586.6	0.54	%	2,171,877	Cleveland, OH	34
Brook Park Medical Building	MOB	18,444	0.41	%	$	291.8	0.27	%	2,171,877	Cleveland, OH	34
Rockside Medical Center	MOB	55,316	1.22	%	$	860.0	0.79	%	2,171,877	Cleveland, OH	34
Smith Road	MOB	16,802	0.37	%	$	326.4	0.30	%	2,171,877	Cleveland, OH	34
Virginia Orthopaedic & Spine Specialists	PC	8,445	0.19	%	$	156.2	0.14	%	1,794,278	Virginia Beach-Chesapeake-Norfolk, VA-NC	37
LTAC Hospital of SE Massachusetts	LTACH	70,657	1.56	%	$	646.4	0.59	%	1,700,901	Providence-Warwick, RI-MA	39
South County Hospital	PC	13,268	0.29	%	$	323.9	0.30	%	1,700,901	Providence-Warwick, RI-MA	39
Warwick Medical Office	PC	7,340	0.16	%	$	—	—	%	1,700,901	Providence-Warwick, RI-MA	39
Warwick Oncology Center	SC	10,236	0.23	%	$	317.3	0.29	%	1,700,901	Providence-Warwick, RI-MA	39
Mercy Rehabilitation Hospital	IRF	39,637	0.88	%	$	2,068.5	1.89	%	1,497,821	Oklahoma City, OK	42
Memphis Center	MOB	11,669	0.26	%	$	237.0	0.22	%	1,339,345	Memphis, TN-MS-AR	45
Sanderling Dialysis	SC	10,133	0.22	%	$	569.0	0.52	%	1,339,345	Memphis, TN-MS-AR	45
Gardendale MOB	MOB	12,956	0.29	%	$	325.6	0.30	%	1,192,583	Birmingham, AL	47
Glastonbury	MOB	48,375	1.07	%	$	911.4	0.83	%	1,169,048	Hartford-West Hartford-East Hartford, CT	50
Sterling Medical Center	MOB	28,336	0.63	%	$	521.6	0.48	%	1,160,172	Buffalo-Cheektowaga, NY	51
Los Alamos Professional Plaza	MOB	43,395	0.96	%	$	420.5	0.38	%	914,820	McAllen-Edinburg-Mission, TX	64
UMass Memorial Health Cancer Center	SC	20,046	0.44	%	$	882.1	0.81	%	881,248	Worcester, MA	68


Community Healthcare Trust			Page \| 18			1Q 2025 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
Worcester Behavioral	AIB	81,972	1.81	%	$	2,731.2	2.50	%	881,248	Worcester, MA	68
El Paso Rehabilitation Hospital	IRF	38,000	0.84	%	$	2,170.6	1.98	%	879,392	El Paso, TX	69
Columbia Gastroenterology Surgery Center	PC	17,016	0.38	%	$	346.9	0.32	%	870,193	Columbia, SC	70
Cape Coral Suite 3	SC	12,130	0.27	%	$	463.9	0.42	%	860,959	Cape Coral-Fort Myers, FL	72
Cape Coral Suite 3A	MOB	2,023	0.04	%	$	40.2	0.04	%	860,959	Cape Coral-Fort Myers, FL	72
Cape Coral Suite 5 & 6	MOB	6,379	0.14	%	$	101.2	0.09	%	860,959	Cape Coral-Fort Myers, FL	72
Colonial Blvd Office	SC	46,356	1.02	%	$	—	—	%	860,959	Cape Coral-Fort Myers, FL	72
Corporate Annex Building	MOB	16,000	0.35	%	$	319.4	0.29	%	860,959	Cape Coral-Fort Myers, FL	72
Corporate Office 3660	MOB	22,104	0.49	%	$	639.0	0.58	%	860,959	Cape Coral-Fort Myers, FL	72
Eye Health of America 1320	MOB	6,757	0.15	%	$	80.9	0.07	%	860,959	Cape Coral-Fort Myers, FL	72
Eye Health of America 2665	MOB	3,200	0.07	%	$	55.6	0.05	%	860,959	Cape Coral-Fort Myers, FL	72
Eye Health of America 4101	MOB	43,322	0.96	%	$	1,015.6	0.93	%	860,959	Cape Coral-Fort Myers, FL	72
Genesis Care - Bonita Springs	SC	4,445	0.10	%	$	297.0	0.27	%	860,959	Cape Coral-Fort Myers, FL	72
Wildwood Hammock - Diagnostic Imaging	SC	9,376	0.21	%	$	417.8	0.38	%	860,959	Cape Coral-Fort Myers, FL	72
Wildwood Hammock - Northland	MOB	1,201	0.03	%	$	13.8	0.01	%	860,959	Cape Coral-Fort Myers, FL	72
Wildwood Hammock RPET Facility	SC	10,832	0.24	%	$	442.0	0.40	%	860,959	Cape Coral-Fort Myers, FL	72
Parkway Professional Plaza	MOB	41,909	0.93	%	$	1,000.3	0.91	%	852,878	Lakeland-Winter Haven, FL	73
Davita Business Center Court	SC	12,988	0.29	%	$	237.6	0.22	%	821,740	Dayton-Kettering-Beavercreek, OH	76
Davita Springboro Pike	SC	10,510	0.23	%	$	188.7	0.17	%	821,740	Dayton-Kettering-Beavercreek, OH	76
Davita Turner Road	SC	18,125	0.40	%	$	365.4	0.33	%	821,740	Dayton-Kettering-Beavercreek, OH	76
Mercy One Physicians Clinic	PC	17,318	0.38	%	$	398.2	0.36	%	753,913	Des Moines-West Des Moines, IA	82
Daytona Medical Office	MOB	20,193	0.45	%	$	378.1	0.35	%	739,516	Deltona-Daytona Beach-Ormond Beach, FL	83
Debary Professional Plaza	MOB	21,874	0.48	%	$	309.2	0.28	%	739,516	Deltona-Daytona Beach-Ormond Beach, FL	83
UW Health Clinic- Portage	PC	14,000	0.31	%	$	335.6	0.31	%	707,606	Madison, WI	85
Aurora Health Center	PC	11,000	0.24	%	$	—	—	%	702,209	Akron, Oh	87
Novus Clinic	SCH	14,315	0.32	%	$	305.2	0.28	%	702,209	Akron, Oh	87
Cypress Medical Center	MOB	39,746	0.88	%	$	455.5	0.42	%	661,217	Wichita, KS	89
Family Medicine East	PC	16,581	0.37	%	$	341.6	0.31	%	661,217	Wichita, KS	89
Wichita Medical Clinic	PC	18,681	0.41	%	$	—	—	%	661,217	Wichita, KS	89
Bassin Center For Plastic Surgery-Melbourne	PC	5,228	0.12	%	$	315.1	0.29	%	658,447	Palm Bay-Melbourne-Titusville, FL	90
Penn State Health - Camp Hill	SC	8,400	0.19	%	$	183.6	0.17	%	615,361	Harrisburg-Carlisle, PA	94
Penn State Health - Harrisburg	SC	10,000	0.22	%	$	197.9	0.18	%	615,361	Harrisburg-Carlisle, PA	94


Community Healthcare Trust			Page \| 19			1Q 2025 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
Pennsylvania Gastroenterology	PC	20,400	0.45	%	$	587.4	0.54	%	615,361	Harrisburg-Carlisle, PA	94
Mercy Rehabilitation Hospital - Northwest Arkansas	IRF	38,817	0.86	%	$	2,262.1	2.07	%	605,615	Fayetteville-Springdale-Rogers, AR	96
Assurance - Toledo	BSF	13,290	0.29	%	$	551.3	0.50	%	601,396	Toledo, OH	98
Granite Circle	MOB	17,164	0.38	%	$	241.0	0.22	%	601,396	Toledo, OH	98
Perrysburg Medical Arts Building	MOB	26,585	0.59	%	$	502.3	0.46	%	601,396	Toledo, OH	98
Sunforest Ct Medical Center	MOB	23,368	0.52	%	$	332.8	0.30	%	601,396	Toledo, OH	98
Cardiology Associates of Greater Waterbury	PC	16,793	0.37	%	$	335.9	0.31	%	576,718	New Haven, CT	100
Eynon Surgery Center	SCH	6,500	0.14	%	$	—	—	%	574,009	Scranton--Wilkes-Barre, PA	102
NEI	MOB	22,743	0.50	%	$	409.4	0.37	%	574,009	Scranton--Wilkes-Barre, PA	102
NEI	MOB	15,768	0.35	%	$	236.4	0.22	%	574,009	Scranton--Wilkes-Barre, PA	102
Riverview Medical Center	MOB	26,427	0.58	%	$	354.6	0.32	%	574,009	Scranton--Wilkes-Barre, PA	102
Grandview Plaza	MOB	20,042	0.44	%	$	313.0	0.29	%	563,293	Lancaster, PA	104
Pinnacle Health	PC	10,753	0.24	%	$	247.3	0.23	%	563,293	Lancaster, PA	104
Manteca Medical Group Building	MOB	10,519	0.23	%	$	323.5	0.30	%	556,972	Modesto, CA	105
Treasure Coast Medical Pavilion	MOB	55,844	1.23	%	$	935.5	0.86	%	556,336	Port St. Lucie, FL	106
Gulf Coast Cancer Centers-Brewton	SC	3,971	0.09	%	$	—	—	%	542,297	Huntsville, AL	107
Temple Rehabilitation Hospital	IRF	38,817	0.86	%	$	2,314.5	2.12	%	509,487	Killeen-Temple, TX	110
Martin Foot & Ankle Clinic	PC	27,100	0.60	%	$	431.7	0.39	%	471,240	York-Hanover, PA	116
UPMC Specialty Care	MOB	25,982	0.57	%	$	453.4	0.41	%	426,086	Youngstown-Warren, OH	131
Biltmore Medical Office	SC	11,099	0.25	%	$	222.4	0.20	%	422,333	Asheville, NC	132
Genesis Care - Weaverville	SC	10,696	0.24	%	$	469.8	0.43	%	422,333	Asheville, NC	132
Lafayette Behavioral	BSF	31,650	0.70	%	$	1,684.9	1.54	%	419,704	Lafayette, LA	133
Belden Medical Arts Building	MOB	47,366	1.05	%	$	506.7	0.46	%	400,551	Canton-Massillon, OH	139
Hills & Dales Professional Center	MOB	27,920	0.62	%	$	357.9	0.33	%	400,551	Canton-Massillon, OH	139
Prattville Town Center Medical Office Bldg	MOB	13,319	0.29	%	$	278.2	0.25	%	387,885	Montgomery, AL	145
Steeles Road Medical Building	PC	10,804	0.24	%	$	187.8	0.17	%	313,876	Kingsport-Bristol, TN-VA	167
Wellmont Bristol Urgent Care	SC	4,548	0.10	%	$	77.3	0.07	%	313,876	Kingsport-Bristol, TN-VA	167
Bluewater Orthopedics Center	MOB	10,255	0.23	%	$	221.0	0.20	%	310,149	Crestview-Fort Walton Beach-Destin, FL	169
Londonderry Centre	MOB	21,115	0.47	%	$	377.4	0.35	%	307,123	Waco, TX	171
Westlake Medical Office	MOB	14,100	0.31	%	$	237.2	0.22	%	307,123	Waco, TX	171
Longview Rehabilitation Hospital	IRF	38,817	0.86	%	$	2,314.5	2.12	%	295,490	Longview, TX	174


Community Healthcare Trust			Page \| 20			1Q 2025 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
Gulf Coast Cancer Centers-Foley	SC	6,146	0.14	%	$	174.7	0.16	%	261,608	Daphne-Fairhope-Foley, AL	193
Gulf Shores Building	SC	6,398	0.14	%	$	51.3	0.05	%	261,608	Daphne-Fairhope-Foley, AL	193
Monroe Surgical Hospital	SCH	58,121	1.28	%	$	2,473.6	2.26	%	221,921	Monroe, LA	215
Ft. Valley Dialysis Center	SC	4,920	0.11	%	$	85.3	0.08	%	204,110	Warner Robins, GA	231
Meridian Behavioral Health Systems	AIB	132,430	2.92	%	$	3,199.5	2.93	%	202,091	Charleston, WV	232
Tuscola Professional Building	MOB	25,500	0.56	%	$	622.4	0.57	%	187,714	Saginaw, MI	241
Kedplasma	SC	12,870	0.28	%	$	272.1	0.25	%	183,040	Burlington, NC	245
Redding Oncology Center	SC	12,206	0.27	%	$	623.8	0.57	%	181,121	Redding, CA	250
Decatur Morgan Hospital Medical Office Building	MOB	35,933	0.79	%	$	579.0	0.53	%	159,651	Decatur, AL	273
Bourbonnais Medical Center	MOB	54,894	1.21	%	$	812.9	0.74	%	106,410	Kankakee, IL	351
Parkside Family & Davita Clinics	MOB	15,637	0.35	%	$	220.9	0.20	%	99,170	Victoria, TX	366
Cub Lake Square	MOB	48,993	1.08	%	$	800.3	0.73	%	109,516	Show Low, AZ	n/a



Emory Healthcare	MOB	61,301	1.35	%	$	924.8	0.85	%	105,326	LaGrange, GA-AL	n/a
Emory Southern Orthopedics	MOB	31,473	0.69	%	$	725.8	0.66	%	105,326	LaGrange, GA-AL	n/a
Emory Southern Orthopedics	MOB	2,972	0.07	%	$	62.7	0.06	%	105,326	LaGrange, GA-AL	n/a
Nesbitt Place	MOB	56,003	1.24	%	$	1,185.7	1.08	%	84,233	Lawrence County, PA	n/a
Davita Etowah Dialysis Center	SC	4,720	0.10	%	$	70.1	0.06	%	70,691	Athens, TN	n/a
Marion Medical Plaza	MOB	27,246	0.60	%	$	388.3	0.35	%	64,976	Marion, OH	n/a
Corsicana Medical Plaza	MOB	17,746	0.39	%	$	364.4	0.33	%	56,533	Corsicana, TX	n/a
Pahrump Medical Plaza	MOB	12,545	0.28	%	$	468.4	0.43	%	55,990	Pahrump, NV	n/a
Arkansas Valley Surgery Center	MOB	10,853	0.24	%	$	228.7	0.21	%	50,093	Cañon City, CO	n/a
Sanford West Behavioral Facility	BSF	96,886	2.14	%	$	1,383.0	1.26	%	45,442	Grand Rapids, MN	n/a
Fremont Medical Office Building & Surgery Ctr	MOB	13,050	0.29	%	$	334.8	0.31	%	37,884	Fremont, NE	n/a
Baylor Scott & White Clinic	PC	37,354	0.82	%	$	495.6	0.45	%	37,810	Brenham, TX	n/a
Eyecare Partners	PC	8,421	0.19	%	$	134.3	0.12	%	36,437	Centralia, IL	n/a
Ottumwa Medical Clinic	MOB	6,850	0.15	%	$	94.3	0.09	%	35,681	Ottumwa, IA	n/a
Ottumwa Medical Clinic	MOB	68,895	1.52	%	$	760.9	0.70	%	35,681	Ottumwa, IA	n/a
Fresenius Gallipolis Dialysis Center	SC	15,110	0.33	%	$	157.9	0.14	%	28,886	Gallipolis, OH	n/a
Sanderling Dialysis Center	SC	4,186	0.09	%	$	312.4	0.29	%	27,009	Crescent City, CA	n/a
Princeton Cancer Center	SC	7,236	0.16	%	$	198.5	0.18	%	County: 58,758	Rural - No CBSA	n/a
Andalusia Medical Plaza	SC	10,373	0.23	%	$	294.4	0.27	%	County: 37,049	Rural - No CBSA	n/a


Community Healthcare Trust			Page \| 21			1Q 2025 \| Supplemental Information


Property Name	Property Type	Area	% of Square Feet		Annualized Rent ($000's)		% of Annualized Rent		Population	MSA/MISA	Rank
North Mississippi Health Services	MOB	17,629	0.39	%	$	97.0	0.09	%	County: 35,252	Rural - No CBSA	n/a
North Mississippi Health Services	MOB	27,743	0.61	%	$	152.7	0.14	%	County: 35,252	Rural - No CBSA	n/a
North Mississippi Health Services	MOB	18,074	0.40	%	$	99.5	0.09	%	County: 35,252	Rural - No CBSA	n/a
North Mississippi Health Services	MOB	9,890	0.22	%	$	54.4	0.05	%	County: 35,252	Rural - No CBSA	n/a
North Mississippi Health Services	MOB	3,378	0.07	%	$	18.6	0.02	%	County: 35,252	Rural - No CBSA	n/a
Batesville Regional Medical Center	MOB	9,263	0.20	%	$	51.0	0.05	%	County: 34,192	Rural - No CBSA	n/a
Tri Lakes Behavioral	BSF	58,400	1.29	%	$	—	—	%	County: 34,192	Rural - No CBSA	n/a
Dahlonega Medical Mall	MOB	22,805	0.50	%	$	336.0	0.31	%	County: 33,610	Rural - No CBSA	n/a
Russellville Medical Plaza	MOB	29,129	0.64	%	$	168.2	0.15	%	County: 31,362	Rural - No CBSA	n/a
Norton Medical Clinic	SC	4,843	0.11	%	$	59.1	0.05	%	County: 3,900	Rural - No CBSA	n/a
Norton Medical Plaza	MOB	32,757	0.72	%	$	313.3	0.29	%	County: 3,900	Rural - No CBSA	n/a
Wellmont Lebanon Urgent Care	SC	8,369	0.18	%	$	106.7	0.10	%	County: 26,586	Rural - No CBSA	n/a
Lexington Carilion Clinic	PC	15,820	0.35	%	$	384.3	0.35	%	County: 22,573	Rural - No CBSA	n/a
Sanderling Dialysis Center	SC	5,217	0.12	%	$	287.1	0.26	%	County: 13,279	Rural - No CBSA	n/a


Community Healthcare Trust			Page \| 22			1Q 2025 \| Supplemental Information

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.

AFFO, Adjusted for Acquisitions

AFFO, Adjusted for Acquisitions, adjusts AFFO to show the impact of the real estate properties acquired in the period as if they had been acquired on the first day of the reporting period, using the expected returns and in-place leases at the time of the acquisition. The Company believes that AFFO, Adjusted for Acquisitions, is useful because it allows investors, analysts and Company management visibility into the impact on the Company's results of operations in future reporting periods resulting from its current period acquisitions.

Annualized Rent

Base rent for the current month 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.

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 from Operations (FFO) and Adjusted Funds from Operations (AFFO)

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.


Community Healthcare Trust			Page \| 23			1Q 2025 \| Supplemental Information

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. 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.

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.

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.


Community Healthcare Trust			Page \| 24			1Q 2025 \| Supplemental Information

REPORTING DEFINITIONS (continued)

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.


Community Healthcare Trust			Page \| 25			1Q 2025 \| Supplemental Information

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, 2024 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), Funds From Operations (or FFO), Adjusted Funds From Operations (or AFFO), and AFFO, Adjusted for Acquisitions, 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.


Community Healthcare Trust			Page \| 26			1Q 2025 \| Supplemental Information