Community Healthcare Trust (CHCT) | Hoya Hotseat

August 27, 2026 | Hoya Capital

Community Healthcare Trust (CHCT) | Hoya Hotseat 2026-08-27 Community Healthcare Trust (CHCT) is a Nashville-area healthcare REIT with a $1.25 billion portfolio spanning 4.5 million square feet across 36 states, focused on outpatient and specialized healthcare properties in non-urban markets. Community Healthcare Trust was founded in 2014 and went public in 2015 to capitalize on an underserved segment of healthcare real estate where institutional competition remains relatively limited. CEO David Dupuy joins the Hoya Hotseat to discuss CHCT’s strategy of targeting smaller $5–30 million acquisitions, often sourced off-market or through longstanding healthcare operator relationships, at attractive high-single-digit cap rates.

Dupuy highlights long-term healthcare tailwinds including rapid growth in the 65+ population, the continued shift from acute-care hospitals toward lower-cost outpatient settings, and limited new medical office construction. Dupuy also addresses the key risks facing CHCT, particularly elevated interest rates, while emphasizing the company’s fixed-rate debt, no maturities until 2028, high-single-digit AFFO growth potential, and ability to generate meaningful growth without relying on large portfolio acquisitions. About Hoya Capital Hoya Capital Real Estate ("Hoya Capital") is a research-focused Registered Investment Advisor headquartered in Rowayton, Connecticut.

Founded with a mission to make real estate more accessible to all investors, Hoya Capital specializes in managing institutional and individual portfolios of publicly traded real estate securities, focused on delivering sustainable income, diversification, and attractive total returns. Focused on Real Assets, REITs, Dividend Growth, High Yield, & ETFs. For more information, visit www.HoyaCapital.com. Transcript At Community Healthcare Trust, we developed a network of relationships to acquire and manage real estate that supports most cost-effective, accessible delivery of healthcare in non-urban patient convenient settings at attractive 9 to 10% yields.

Today, CHCT operates a 1 and 1/4 billion-dollar real estate portfolio covering 4 and 1/2 million square feet across 36 states. We focus on outpatient and specialized healthcare facilities including medical office buildings, behavioral healthcare facilities, physician clinics, and inpatient rehabilitation facilities. I will note, however, ...