EX-99.2 3 supplementalinfo2025q1.htm EX-99.2
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 | 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 15 th 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 |
| EBITDA re | $ | 18,886 |  | $ | 19,020 |  | $ | 18,924 |  | $ | 6,491 |  | $ | 18,989 |
| Adjusted EBITDA re | $ | 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 |
EBITDA re and ADJUSTED EBITDA re |  |  |  |  |
EBITDA re |  |  |  |  |
| 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 |  | — |
EBITDA re | $ | 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 EBITDA re | $ | 21,596 |  | $ | 21,617 |  | $ | 21,421 |  | $ | 19,960 |  | $ | 21,413 |
ADJUSTED EBITDA re 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 EBITDA re 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.
EBITDA re and Adjusted EBITDA re
The Company uses the National Association of Real Estate Investment Trusts, Inc. ("NAREIT") definition of EBITDA re 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 EBITDA re of unconsolidated affiliates and consolidated affiliates with non-controlling interest. The Company also presents Adjusted EBITDA re which is EBITDA re before non-cash stock-based compensation amortization.
We consider EBITDA re and Adjusted EBITDA re 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 EBITDA re, Adjusted EBITDA re, Adjusted EBITDA re 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