Community Healthcare Trust
Acquires small outpatient, behavioral, and rehabilitation properties in secondary and rural U.S. markets.
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Profile
Owns and leases healthcare real estate to outpatient, behavioral, and rehabilitation operators across secondary and rural U.S. markets, targeting off-market deals too small for larger healthcare REITs and too large for local investors. Rental income comes from long-term leases with hundreds of properties spread across dozens of states, self-managed since its 2015 listing.
Buys and leases healthcare real estate to outpatient, behavioral, and rehabilitation providers in secondary and rural U.S. submarkets larger healthcare landlords tend to skip, sourcing deals off-market and self-managing the portfolio rather than outsourcing to an external advisor.
The roughly 200-property portfolio spans dozens of states, weighted toward medical office buildings alongside inpatient rehabilitation and behavioral-health facilities, with most space under lease to healthcare operators on multi-year terms.
Senior executives have taken the bulk of their pay in restricted stock subject to eight-year cliff vesting since the 2015 listing, tying leadership compensation to sustained share performance.
A small group of tenants and a few states account for an outsized share of rent, so a single operator's financial distress can weigh on receivables and reserves for several quarters.
Company facts
Key statistics
Year to date −8.6% · Average volume (30d) 339.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Piper Sandler | Reiterate | Neutral | $20 | $17 | |
| Jul 21, 2026 | Piper Sandler | Reiterate | Neutral | $19 | $20 | |
| Feb 19, 2026 | Evercore ISI | Target | $18 | $17 | ||
| Jan 20, 2026 | Truist Financial | Target | $19 | $20 | ||
| Sep 16, 2024 | Evercore ISI Group | Upgrade | Underperform | In Line |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.11 | $0.06 | −45.5% | $31.8M | $31.0M | −2.5% | −13.10% |
| May 5, 2026Q1 FY26 | $0.44 | $0.56 | +27.3% | $31.0M | $31.3M | +0.8% | −0.74% |
| Feb 17, 2026Q4 FY25 | $0.11 | $0.55 | +400.0% | $31.2M | $30.7M | −1.6% | −4.27% |
| Oct 28, 2025Q3 FY25 | $0.54 | $0.56 | +3.7% | $31.3M | $30.8M | −1.7% | −0.28% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $30.1M | $29.1M | $30.8M | $30.9M | $31.5M | $31.2M | |
| Gross profit | $24.0M | $23.5M | $24.9M | $3.3M | $25.2M | $25.4M | |
| Operating income | $7.9M | −$710.0K | $20.2M | $9.3M | $9.4M | $9.7M | |
| Net income | $1.6M | −$12.6M | $1.6M | $14.4M | $2.5M | $2.4M | |
| Diluted EPS | $0.03 | −$0.50 | $0.03 | $0.51 | $0.07 | $0.06 | |
| Gross margin | 79.7% | 80.8% | 80.8% | 10.7% | 79.8% | 81.2% | |
| Operating margin | 26.4% | -2.4% | 65.6% | 30.2% | 29.8% | 31.2% |
Fiscal years (4-quarter sums)FY21 $90.6M · FY22 $97.7M · FY23 $112.8M · FY24 $115.8M · FY25 $120.9M
Balance sheet, Jun 30, 2026Cash & short-term investments $2.7M · Total debt $564.5M · Total assets $1.00B · Shareholders' equity $414.2M
Dividends
Raised for 9 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 19, 2026 | Aug 19 | Aug 31 | $0.33 | cut from $0.48 |
| May 11, 2026 | May 11 | May 22 | $0.48 | raised from $0.4775 |
| Feb 23, 2026 | Feb 23 | Mar 4 | $0.4775 | raised from $0.475 |
| Nov 7, 2025 | Nov 7 | Nov 21 | $0.475 | raised from $0.4725 |
| Aug 8, 2025 | Aug 8 | Aug 22 | $0.4725 | raised from $0.47 |
| May 9, 2025 | May 9 | May 23 | $0.47 | raised from $0.4675 |
| Feb 24, 2025 | Feb 24 | Mar 5 | $0.4675 | raised from $0.465 |
| Nov 8, 2024 | Nov 8 | Nov 22 | $0.465 | raised from $0.4625 |
Ownership
Shares outstanding 28.57M · Float 26.80M · 93.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.64M | 9.23% | 13F | Aug 7, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 2.06M | 7.20% | 13F | Aug 14, 2026 |
| Global X Management CO LLC | 1.99M | 6.96% | 13G | May 15, 2026 |
| Vanguard Portfolio Management LLC | 1.46M | 5.10% | 13F | Aug 13, 2026 |
| Systematic Financial Management LP | 1.18M | 4.14% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | David H. Dupuy | director, officer: CEO and President | +10,000 | $15.13 |
| Aug 11, 2026 | Robert Z. Hensley | director | +8,000 | $15.21 |
| Nov 4, 2025 | Cathrine Cotman | director | +4,000 | $14.66 |
Peers
- Healthcare Realty
Largest pure-play MOB REIT; founder link, but institutional deal scale
- Healthpeak Properties
Much larger diversified outpatient medical, lab, and CCRC REIT
- Universal Health Realty Income Trust
UHS-advised small-cap peer; heavy MOB overlap, external management
- Medical Properties Trust
Large hospital/behavioral REIT stabilizing post-tenant-bankruptcy
- Sabra Health Care REIT
Behavioral-health overlap only; core business is skilled nursing
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Community Healthcare Trust | $14.96 | +0.22% | $427.1M | 22.3 | 36.4 | 3.4 | +2.8% |
| Healthcare Realty | $18.99 | 0.00% | $6.66B | — | 275.4 | 5.8 | −5.3% |
| Healthpeak Properties | $20.79 | −0.79% | $14.45B | 59.9 | 101.1 | 4.9 | +8.0% |
| Universal Health Realty Income Trust | $41.46 | −0.22% | $575.3M | 29.6 | — | 3.9 | +0.5% |
| Medical Properties Trust | $4.09 | −0.35% | $2.45B | — | 75.7 | 2.4 | +7.9% |
| Sabra Health Care REIT | $20.45 | −0.80% | $5.20B | 78.5 | 28.1 | 6.0 | +24.7% |
| Median | 59.9 | 88.4 | 4.9 | +7.9% |







