Community Healthcare Trust Incorporated (NYSE:CHCT) Q3 2019 Earnings Conference Call - Final Transcript
Nov 06, 2019 • 10:00 am ET
Welcome to Community Healthcare Trust 2019 Third Quarter Earnings Release Conference Call. On the call today, the Company will discuss its 2019 third quarter financial results. It will also discuss progress made in various aspects of its business. [Operator Instructions] The Company's earnings release was distributed last evening and has also been posted on its website, www.chct.reit. The Company wants to emphasize that some of the information that may be discussed in this call will be based on information as of today, November 6, 2019, and may contain forward-looking statements that involve risk and uncertainty. Actual results may differ materially from those set forth in such statements.
For a discussion of these risks and uncertainties, you should review the Company's disclosures regarding forward-looking statements in its earnings release as well as its risk factors and MD&A in its SEC filings. The Company undertakes no obligation to update forward-looking statements, whether as the result of new information, future developments or otherwise, except as may be required by law. During this call, the Company will discuss GAAP and non-GAAP financial measures. A reconciliation between the two is available in its earnings release, which is posted on its website.
Call participants are advised that this conference call is being recorded for playback purposes. An archive of the call will be made available on the Company's Investor Relations website for approximately 30 days and is the property of the Company. This call may not be recorded or, otherwise, reproduced or distributed without the Company's priority written permission.
Now I would like to turn the call over to Timothy Wallace, Chairman, Chief Executive Officer and President of Community Healthcare Trust Incorporated.
Timothy G. Wallace
Thank you, operator. Good morning. Thank you for joining us today for our 2019 third quarter conference call. On the call with me today is Dave Dupuy, our Chief Financial Officer; Page Barnes, our Chief Operating Officer; and Leigh Ann Stach, our Chief Accounting Officer.
As is our normal process, our earnings announcement and supplemental data report were released last night and filed with an 8-K, and our quarterly report on Form 10-Q was also filed last night. In addition, we filed documents to refresh our ATM program that Dave will go over in more detail in his comments.
Before we get into our normal discussion, I would like to point out a couple of new pages in our supplemental data report. We have had several questions on how we calculate our weighted average shares, so we added a new Page 5 to that supplemental data report that shows how they are calculated. In addition, we have added an analysis of our named officers' compensation on Page 8, indicating how much of our compensation is performance-based.
We believe it is important for our stakeholders to understand the mix between our base salary and incentive compensation and have provided this information because some constituents have not been able to understand how much performance-based compensation we have.
Now back to the normal step. We were very busy