Community Healthcare Trust (NYSE: CHCT) buys the healthcare real estate nobody else wants to underwrite: small medical properties in non-urban markets, acquired at high yields, with a dividend raised every single quarter since its 2015 IPO, a streak now testing its own arithmetic.
| Community Healthcare Trust (CHCT) Snapshot | |
|---|---|
| Share Price (delayed) | $14.31 -0.69% |
| Market Cap | $410M |
| Annualized Dividend | $1.32 (Quarterly) |
| Dividend Yield | 9.22% |
| Sector | Healthcare ยท Rural Medical |
Market data updates automatically several times daily. Last price refresh: Sep 28, 2026. Fundamentals reviewed against Q2 2026 SEC filings and company reports (reviewed September 27, 2026).
Business Model
The niche is real: clinics, MOBs, and behavioral facilities in secondary towns trade at cap rates majors ignore, and CHCT’s diversification across hundreds of small tenants spreads the individual failures the segment guarantees. The quarterly-raise streak is the brand.
The Honest Risk Section
Update, September 2026: With second quarter 2026 results in August, Community Healthcare Trust cut the quarterly dividend 31% to $0.33 per share to fund its acquisition pipeline, ending the every-quarter increase streak that had defined the stock since its 2015 IPO. Shares fell on the news. The payout is now comfortably covered, which was the point of the cut, but the brand premium described below is gone. Our grade moved from 58 to 50.
Payout coverage has tightened as tenant issues (including a large behavioral tenant workout) bit into cash flow, making the every-quarter raise tradition look more like an obligation than a choice. Small non-urban tenants fail at above-average rates, and the stock’s long derating reflects the market repricing exactly this. The streak is admirable; sustainability, not history, is what we grade.
Frequently Asked Questions
Has CHCT really raised its dividend every quarter?
Yes, every quarter since the 2015 IPO, though coverage has tightened enough that the streak’s pace is now a live question.
What does CHCT own?
Hundreds of small medical properties, clinics, MOBs, behavioral facilities, in non-urban markets across dozens of states.
Analysis reflects disclosures through Q1 2026. Live market data updates automatically. Independent research, not investment advice.