SEC Comment Letter for Community Healthcare Trust Inc (CHCT) (CIK 0001631569) (CHCT) — Jun 3, 2019
Community Healthcare Trust Inc (CHCT) (CIK 0001631569)
Date: June 3, 2019 · CIK: 0001631569 · Accession: 0000000000-19-009278
AI Filing Summary & Sentiment
File numbers found in text: 001-37401
Letter
June 3, 2019 David Dupuy Executive Vice President and Chief Financial Officer Community Healthcare Trust Inc 3326 Aspen Grove Drive, Suite 150 Franklin, TN 37067 Re:Community Healthcare Trust Inc Form 10-K for the year ended December 31, 2018 Filed February 26, 2019 File No. 001-37401 Dear Mr. Dupuy: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the year ended December 31, 2018 Liquidity and Capital Resources, page 52 1.We note that your dividend payments have exceeded Net cash provided by operating activities for each full year since you commenced operations. In future filings, please discuss the sources of these payments, and to the extent there is a material risk that you will have to reduce your dividend payments, provide a discussion of such risk. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Eric McPhee at 202-551-3693 or Daniel Gordon at 202-551-3486 with any questions.
FirstName LastNameDavid Dupuy Comapany NameCommunity Healthcare Trust Inc June 3, 2019 Page 2 FirstName LastName David Dupuy Community Healthcare Trust Inc June 3, 2019 Page 2 Sincerely, Division of Corporation Finance Office of Real Estate and Commodities
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June 3, 2019
David Dupuy
Executive Vice President and Chief Financial Officer
Community Healthcare Trust Inc
3326 Aspen Grove Drive, Suite 150
Franklin, TN 37067
Re:Community Healthcare Trust Inc
Form 10-K for the year ended December 31, 2018
Filed February 26, 2019
File No. 001-37401
Dear Mr. Dupuy:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comments. In some of our comments, we may ask you to
provide us with information so we may better understand your disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Form 10-K for the year ended December 31, 2018
Liquidity and Capital Resources, page 52
1.We note that your dividend payments have exceeded Net cash provided by operating
activities for each full year since you commenced operations. In future filings, please
discuss the sources of these payments, and to the extent there is a material risk that you
will have to reduce your dividend payments, provide a discussion of such risk.
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
You may contact Eric McPhee at 202-551-3693 or Daniel Gordon at 202-551-3486 with
any questions.
FirstName LastNameDavid Dupuy
Comapany NameCommunity Healthcare Trust Inc
June 3, 2019 Page 2
FirstName LastName
David Dupuy
Community Healthcare Trust Inc
June 3, 2019
Page 2
Sincerely,
Division of Corporation Finance
Office of Real Estate and
Commodities