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Community Healthcare Trust (NYSE: CHCT) announced that it will report first quarter 2023 earnings on May 2, 2023, after market close. A conference call is scheduled for May 3, 2023, at 9:00 a.m. CT to discuss the earnings results and company operations. As of December 31, 2022, the company held investments of approximately $946.2 million in 174 properties across 34 states, totaling around 3.8 million square feet.
The company focuses on owning real estate properties associated with outpatient healthcare services. Interested parties may access a webcast of the conference call via the company's Investor Relations page.
Community Healthcare Trust Incorporated (NYSE: CHCT) has appointed David H. Dupuy as its permanent Chief Executive Officer, effective March 6, 2023. Dupuy, who had served as the interim CEO since February 10, 2023, also takes a position on the Board of Directors, filling the vacancy left by the late Timothy G. Wallace. The Board expressed confidence in Dupuy's ability to drive long-term value for shareholders. Community Healthcare Trust focuses on owning income-producing real estate related to outpatient healthcare services across the U.S.
On March 3, 2023, Community Healthcare Trust Incorporated (NYSE: CHCT) announced the passing of Timothy G. Wallace, the Chairman, CEO, and President. His leadership will be greatly missed, as noted by Lead Independent Director Alan Gardner. Following this, David H. Dupuy has been appointed Interim CEO effective February 10, 2023. The Board of Directors is currently evaluating the succession plan. Community Healthcare Trust specializes in owning income-producing real estate properties related to outpatient healthcare services across the U.S.
Community Healthcare Trust Incorporated (NYSE: CHCT) reported a net income of approximately $5.2 million, or $0.19 per diluted share for Q4 2022. Funds from operations (FFO) and adjusted funds from operations (AFFO) were $0.56 and $0.63 per diluted share, respectively. The company acquired 13 properties for about $50.2 million, with a leasing rate of 97.8%. Subsequent acquisitions included 3 properties for $12.5 million, fully leased. CHCT has agreements for 4 properties totaling $20.1 million and 6 properties for $141.0 million with expected returns of 9.2%-10.25%. A quarterly dividend of $0.4475 was declared, payable on March 1, 2023.
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