FRANKLIN, Tenn. (AP) — FRANKLIN, Tenn. (AP) — Community Healthcare Trust Inc. (CHCT) on Tuesday reported a key measure of profitability in its second quarter. The results did not meet Wall Street expectations.
The real estate investment trust, based in Franklin, Tennessee, said it had funds from operations of $13.6 million, or 50 cents per share, in the period.
The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 54 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $12.6 million, or 50 cents per share.
The real estate investment trust posted revenue of $29.1 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $30.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHCT at https://www.zacks.com/ap/CHCT
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