Community Healthcare Trust Incorporated (CHCT) has reported a 753.72 percent jump in profit for the quarter ended Dec. 31, 2016. The company has earned $1.03 million, or $0.08 a share in the quarter, compared with $0.12 million, or $0.02 a share for the same period last year.
Revenue from real estate activities during the quarter surged 62.25 percent or $2.84 million to $7.39 million.
Cost of revenue surged 33.93 percent or $0.38 million during the quarter to $1.50 million. Gross margin for the quarter expanded 430 basis points over the previous year period to 79.65 percent.
Total expenses were $5.97 million for the quarter, up 40.27 percent or $1.71 million from year-ago period. Operating margin for the quarter expanded 1265 basis points over the previous year period to 19.24 percent.
Operating income for the quarter was $1.42 million, compared with $0.30 million in the previous year period.
Income from operating leases during the quarter surged 90.52 percent or $2.76 million to $5.81 million. Revenue from tenant reimbursements was $1.31 million for the quarter, up 9.32 percent or $0.11 million from year-ago period.
Revenue from other real estate activities during the quarter was $0.27 million, down 12.17 percent or $0.04 million from year-ago period.
Net receivables were at $10.79 million as on Dec. 31, 2016, down 1.02 percent or $0.11 million from year-ago.
Total assets jumped 76.14 percent or $108.73 million to $251.53 million on Dec. 31, 2016. On the other hand, total liabilities were at $57.52 million as on Dec. 31, 2016, up 180.14 percent or $36.99 million from year-ago.
Return on assets moved up 35 basis points to 0.57 percent in the quarter. At the same time, return on equity moved up 43 basis points to 0.53 percent in the quarter.
Debt increases substantially
Total debt was at $51 million as on Dec. 31, 2016, up 200 percent or $34 million from year-ago. Shareholders equity stood at $194.01 million as on Dec. 31, 2016, up 58.67 percent or $71.74 million from year-ago. As a result, debt to equity ratio went up 12 basis points to 0.26 percent in the quarter.
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