Community Healthcare Trust Inc (CHCT) swung to a net profit for the quarter ended Sep. 30, 2016. The company has made a net profit of $1.06 million, or $ 0.08 a share in the quarter, against a net loss of $0.07 million, or $0.01 a share in the last year period.
Revenue during the quarter surged 98.86 percent to $6.44 million from $3.24 million in the previous year period.
Cost of revenue rose 28.23 percent or $0.21 million during the quarter to $0.96 million. Gross margin for the quarter expanded 823 basis points over the previous year period to 85.05 percent.
Total expenses were $5.20 million for the quarter, up 63.36 percent or $2.02 million from year-ago period. Operating margin for the quarter expanded 1755 basis points over the previous year period to 19.25 percent.
Operating income for the quarter was $1.24 million, compared with $0.06 million in the previous year period.
Revenue from real estate activities during the quarter surged 98.86 percent or $3.20 million to $6.44 million.
Income from operating leases during the quarter surged 92.84 percent or $2.40 million to $4.98 million. Revenue from tenant reimbursements was $1.19 million for the quarter, up 81.37 percent or $0.53 million from year-ago period.
Revenue from other real estate activities during the quarter was at $0.27 million.
Net receivables were almost stable over the past one year at $10.88 million on Sep. 30, 2016.
Total assets jumped 64.19 percent or $81.55 million to $208.60 million on Sep. 30, 2016. On the other hand, total liabilities were at $10.85 million as on Sep. 30, 2016, up 418.89 percent or $8.76 million from year-ago.
Return on assets moved up 54 basis points to 0.60 percent in the quarter. Return on equity was at 0.54 percent in the quarter against a negative 0.05 percent in the last year period.
Total debt was at $5 million as on Sep. 30, 2016. Shareholders equity stood at $197.75 million as on Sep. 30, 2016, up 58.26 percent or $72.79 million from year-ago. Meanwhile, debt to equity ratio was at 0.03 percent in the quarter.
