Community Healthcare Trust Inc

As of December 31, 2025, the weighted average remaining years to maturity pursuant to the leases with our tenants was approximately 7.0 years, with expirations through 2046. The table below details scheduled lease expirations, as of December 31, 2025, for our properties for the periods indicated.

Total Leased Square Footage · Annualized Lease Revenue

Year · Number of Leases Expiring · Amount (in thousands) · Percent (%) · Amount (in thousands) · Percent (%)

2026 · 77 · 460 · 11.3 · 10,144 · 9.0

2027 · 68 · 373 · 9.2 · 8,099 · 7.2

2028 · 70 · 480 · 11.8 · 10,070 · 8.9

2029 · 45 · 370 · 9.1 · 9,454 · 8.4

2030 · 37 · 303 · 7.4 · 6,918 · 6.1

2031 · 28 · 390 · 9.6 · 10,884 · 9.6

2032 · 25 · 206 · 5.1 · 4,070 · 3.6

2033 · 13 · 75 · 1.8 · 1,655 · 1.5

2034 · 19 · 255 · 6.3 · 9,356 · 8.3

2035 · 16 · 233 · 5.7 · 8,831 · 7.8

Thereafter · 32 · 890 · 21.7 · 32,080 · 28.5

Month-to-Month · 9 · 41 · 1.0 · 1,230 · 1.1

Totals · 439 · 4,076 · 100.0 · 112,791 · 100.0

• CHCT Nebraska, LLC Delaware⁴
• CHCT Nevada, LLC Delaware⁴
• CHCT New Hampshire, LLC Delaware⁴
• CHCT New Jersey, LLC Delaware⁴
• CHCT New York, LLC Delaware⁴
• CHCT North Carolina, LLC Delaware⁴
• CHCT Ohio, LLC Delaware⁴
• CHCT Oklahoma, LLC Delaware⁴
• CHCT Pennsylvania, LLC Delaware⁴
• CHCT Rhode Island, LLC Delaware⁴
• CHCT South Carolina, LLC Delaware⁴
• CHCT Tennessee, LLC Delaware⁴
• CHCT Texas, LLC Delaware⁴
• CHCT Virginia, LLC Delaware⁴
• CHCT Washington, LLC Delaware⁴
• CHCT West Virginia, LLC Delaware⁴
• CHCT Wisconsin, LLC Delaware⁴
• Community Healthcare OP, LP Delaware⁴
• Community Healthcare Trust Services, Inc. Tennessee⁴
• Community Healthcare Trust, LLC Delaware⁴

• We may have difficulty finding suitable replacement tenants in the event of non-renewal of our leases or a tenant default.
• We may be unable to secure funds for future tenant or other capital improvements or payment of leasing commissions, which could limit our ability to attract or replace tenants and adversely impact our ability to make cash distributions to our stockholders.
• We may be required to make rent or other concessions and significant capital expenditures to improve our properties in order to retain and attract tenants, which could adversely affect our financial condition, results of operations and cash flow.
• Supply chain disruptions and unexpected construction expenses and delays could impact our ability to timely deliver spaces to tenants and/or our ability to achieve the expected value of a construction project or lease, thereby adversely affecting our profitability.
• Some of the leases at our properties contain “early termination” provisions which, if triggered, may allow tenants to terminate their leases without further payment to us, which could adversely affect our financial condition and results of operations and the value of the applicable property.
• Adverse economic or other conditions in the geographic markets in which we conduct business could negatively affect our occupancy levels and rental rates and have a material adverse effect on our operating results.
• Climate change may adversely affect our business.
• Environmental, social and governance matters may cause us to incur additional costs, make personnel changes, and affect the attractiveness of our stock to investors.
• A large percentage of our annualized rent is provided by properties that are located in Texas and Florida and changes in these markets may materially adversely impact our business and financial condition.
• We will rely upon external sources of capital to fund future capital needs, and, if we encounter difficulty in obtaining such capital, we may not be able to make future acquisitions necessary to grow our business or meet maturing obligations.
• Covenants related to our indebtedness could limit our operations.
• We may not be able to control our expenses or our expenses may remain constant or increase, even if our revenue does not increase, which could cause our results of operations to be adversely affected.
• Our ability to issue equity to expand our business will depend, in part, upon the market price of our common stock, and our failure to meet market expectations with respect to our business could adversely affect the market price of our common stock and thereby limit our ability to raise capital.
• We have now, and may have in the future, exposure to contingent rent escalators, which can hinder our growth and profitability.
• Our investments in development projects may not yield anticipated returns which could directly affect our operating results and reduce the amount of funds available for distributions.
• Notes receivable in which we may invest in may be impacted by unfavorable real estate market conditions, which could decrease their value.
• Delays in liquidating defaulted note investments could reduce our investment returns.
• We rely on information technology in our operations, and any material failure, inadequacy, interruption or security failure of that technology could harm our business.
• Cybersecurity incidents could disrupt our business and result in the unavailability or compromise of confidential information.
• Risks Related to the Healthcare Industry
• The healthcare industry is heavily regulated and new laws or regulations, changes to existing laws or regulations, changes to reimbursement models or structure, loss of licensure or failure to obtain licensure could adversely impact our company and result in the inability of our tenants to make rent payments to us.
• Adverse trends in healthcare provider operations may negatively affect our lease revenues and our ability to make distributions to our stockholders.
• Reductions in reimbursement from third-party payers, including Medicare and Medicaid, could adversely affect the profitability of our tenants and hinder their ability to make rent payments to us or renew their lease.
• Our tenants and our Company are subject to fraud and abuse laws, the violation of which by a tenant may jeopardize the tenant’s ability to make rent payments to us.
• Our tenants may be subject to compliance issues and cyber-attacks associated with the protection of personal information.
• Our healthcare-related tenants may be subject to significant legal actions that could subject them to increased operating costs and substantial uninsured liabilities, which may affect their ability to pay their rent payments to us, and we could be subject to healthcare industry violations.
• Risks Related to the Real Estate Industry
• Illiquidity of real estate investments could significantly impede our ability to respond to adverse changes in the performance of our properties.
• We may suffer reduced or delayed revenues for, or have difficulty selling, properties with vacancies.
• Uncertain market conditions could cause us to sell our healthcare properties at a loss in the future.
• If we sell properties by providing financing to purchasers, defaults by the purchasers would adversely affect our cash flows.
• Uninsured losses relating to real property may adversely affect your returns.
• Rising expenses could reduce cash flow and funds available for future acquisitions.
• Our property taxes could increase due to property tax rate changes or reassessments, which could materially adversely impact our cash flows.
• Our properties may contain or develop harmful mold or suffer from other air quality issues, which could lead to liability for adverse health effects and costs of remediation.
• We may incur significant costs complying with various federal, state and local laws, regulations and covenants that are applicable to our properties.
• Environmental compliance costs and liabilities associated with owning and leasing our properties may affect our results of operations.
• Some of the properties we acquire may be subject to ground lease or other restrictions on the use of the space. If we are required to undertake significant capital expenditures to procure new tenants, then our business and results of operations may suffer.
• Our assets may be subject to impairment charges.
• Risks Related to our Corporate Structure and the Acquisition of Properties
• Conflicts of interest could arise in the future between the interests of our stockholders and the interests of holders of OP units, which may impede business decisions that could benefit our stockholders.
• We are subject to the requirements of the Sarbanes-Oxley Act and are obligated to obtain an audit opinion on the effectiveness of internal control over financial reporting. These internal controls may not be determined to be effective, and our business could be adversely impacted if there are deficiencies in our disclosure controls and procedures or internal control over financial reporting.
• We may have assumed unknown liabilities in connection with our acquisitions which could result in unexpected liabilities and expenses.
• Required payments of principal and interest on our Credit Facility may leave us with insufficient cash to operate our properties or to pay the distributions currently contemplated or necessary to qualify as a REIT and may expose us to the risk of default under our debt obligations.
• We could become highly leveraged in the future because our organizational documents contain no limitations on the amount of debt that we may incur.
• Increases in interest rates may increase our interest expense and adversely affect our cash flows and our ability to service our indebtedness and to make distributions to our shareholders.
• The Company may enter into swap agreements from time to time that may not effectively reduce its exposure to changes in interest rates.
• Our use of OP units in our operating partnership as currency to acquire properties could result in stockholder dilution and/or limit our ability to sell such properties, which could have a material adverse effect on us.
• Our charter restricts the ownership and transfer of our outstanding shares which may have the effect of delaying, deferring or preventing a transaction or change of control of our Company.
• Certain provisions of Maryland law could inhibit changes of control, which may discourage third parties from conducting a tender offer or seeking other change of control transactions that could involve a premium price for our common stock or that our stockholders otherwise believe to be in their best interests.
• We could increase the number of authorized shares, classify and reclassify unissued shares and issue shares without stockholder approval.
• Certain provisions in the partnership agreement of our operating partnership may delay or prevent unsolicited acquisitions of us.
• We may change our business, investment and financing strategies without stockholder approval.
• Our rights and the rights of our stockholders to take action against our directors and officers are limited, which could limit your recourse in the event that we take certain actions which are not in your best interests.
• We are a holding company with no direct operations and, as such, we will rely on funds received from our subsidiaries to pay liabilities, and the interests of our stockholders will be structurally subordinated to all liabilities and obligations of our subsidiaries.
• Our operating partnership may issue additional OP units to third parties without the consent of our stockholders, which would reduce our ownership percentage in our operating partnership and would have a dilutive effect on the amount of distributions made to us by our operating partnership and, therefore, the amount of distributions we can make to our stockholders.
• Risks Related to Our Qualification and Operation as a REIT
• Failure to remain qualified as a REIT, would cause us to be taxed as a regular corporation, which would adversely affect the value of our shares and substantially reduce funds available for distributions to our stockholders.
• If our operating partnership failed to qualify as a “partnership” for U.S. federal income tax purposes, we would cease to qualify as a REIT and suffer other adverse consequences.
• We may face other tax liabilities that reduce our cash flows.
• To maintain our status as a REIT and avoid the payment of U.S. federal income and excise taxes, we may be forced to borrow funds, use proceeds from the issuance of securities, pay taxable dividends of our stock or debt securities or sell assets to make distributions, in each case during unfavorable market conditions and which may result in our distributing amounts that would otherwise be used for our operations.
• Complying with the REIT requirements may cause us to forego otherwise attractive opportunities or liquidate otherwise attractive investments.
• The “prohibited transactions” tax may limit our ability to dispose of our properties.
• Any ownership of a TRS will be subject to limitations, and our transactions with a TRS cause us to be subject to a 100% penalty tax on certain income or deductions if those transactions are not conducted on arm’s-length terms.
• TRSs will be subject to federal and state income taxes.
• If a TRS tenant failed to qualify as a TRS, or the operator of a facility engaged by a TRS tenant did not qualify as an “eligible independent contractor,” we could fail to qualify as a REIT and could be subject to higher taxes and have less cash available for distribution to our stockholders.
• If leases of our properties are not respected as true leases for U.S. federal income tax purposes, we would fail to qualify as a REIT and would be subject to higher taxes and have less cash available for distribution to our stockholders.
• You may be restricted from acquiring or transferring certain amounts of our common stock.