Community Healthcare Trust Incorporated announced its results for the three months ended September 30, 2024, on October 29, 2024. The company reported net income of approximately $1.7 million, or $0.04 per diluted common share.
Funds from operations (FFO) for the quarter totaled $0.48 per diluted common share, while adjusted funds from operations (AFFO) reached $0.55 per diluted common share. These FFO and revenue figures surpassed analyst estimates.
Total revenues for the quarter were $29.639 million, an increase from $28.735 million in the prior year's third quarter. However, net income, FFO, and AFFO per diluted common share were lower compared to the third quarter of 2023, which saw net income of $3.492 million, FFO of $0.58, and AFFO of $0.63.
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