Community Healthcare Trust

-14.26%

More reviews (1)

Live  

Community Healthcare Trust is a real estate investment trust (REIT) that focuses on acquiring, owning, and operating healthcare facilities across the United States. Their portfolio includes medical office buildings, outpatient facilities, and specialty healthcare centers.
The company was founded in 2014 and is headquartered in Franklin, Tennessee. Community Healthcare Trust is listed on the New York Stock Exchange under the ticker symbol CHCT.
The company's mission is to provide high-quality healthcare facilities and services to support the needs of local communities. They aim to generate attractive returns for their shareholders while also making a positive impact on the healthcare industry.
The company's leadership team has extensive experience in the healthcare and real estate industries. They have a deep understanding of the unique needs and challenges of healthcare facilities, and utilize their expertise to make strategic investments and operate their properties efficiently.
Community Healthcare Trust is committed to growth and expansion, and continually seeks opportunities to invest in new and existing properties in strong healthcare markets. They also prioritize building strong relationships with their tenants and providing exceptional customer service.
In addition to their focus on investing in healthcare properties, the company is also committed to corporate social responsibility and supporting the communities they serve. They have partnerships with various charitable organizations and encourage their employees to get involved in volunteer efforts.
Overall, Community Healthcare Trust is a reputable and successful company with a strong focus on healthcare and community impact.

QWxyaWdodC EgSW1hZ2lu ZSB0aGF0IE NvbW11bml0 eSBIZWFsdG hjYXJlIFRy dXN0IGlzIG xpa2UgYSBi aWcgc3Rvcm FnZSByb29t IGZvciBwbG FjZXMgd2hl cmUgcGVvcG xlIGdvIHRv IGdldCBoZW FsdGggY2Fy ZSwgbGlrZS Bkb2N0b3Li gJlzIG9mZm ljZXMsIGNs aW5pY3MsIG FuZCBob3Nw aXRhbHMuIE luc3RlYWQg b2Yga2VlcG luZyB0b3lz IG9yIGNsb3 RoZXMsIHRo ZXkgb3duIG J1aWxkaW5n cyB1c2VkIG ZvciB0YWtp bmcgY2FyZS BvZiBwZW9w bGXigJlzIG hlYWx0aC48 YnI+SGVyZe KAmXMgaG93 IHRoZXkgbW FrZSBtb25l eTogV2hlbi BhIGRvY3Rv ciBvciBhIG hlYWx0aCBj b21wYW55IH dhbnRzIHRv IHVzZSBvbm Ugb2YgdGhl aXIgYnVpbG RpbmdzLCB0 aGV5IHBheS ByZW50IHRv IENvbW11bm l0eSBIZWFs dGhjYXJlIF RydXN0LiBJ dOKAmXMgYS BiaXQgbGlr ZSB3aGVuIH lvdSByZW50 IGEgYmlrZT sgeW91IHBh eSB0byB1c2 UgaXQgZm9y IGEgd2hpbG UuIFNpbmNl IGEgbG90IG 9mIHBlb3Bs ZSBuZWVkIG hlYWx0aCBj YXJlIGFsbC B0aGUgdGlt ZSwgbWFueS BoZWFsdGgg Y2FyZSBwcm 92aWRlcnMg d2FudCB0by ByZW50IHRo ZXNlIGJ1aW xkaW5ncywg c28gQ29tbX VuaXR5IEhl YWx0aGNhcm UgVHJ1c3Qg Y2FuIGVhcm 4gbW9uZXkg ZnJvbSB0aG VtIGV2ZXJ5 IG1vbnRoLj xicj5Ob3cs IHdoeSBpcy BDb21tdW5p dHkgSGVhbH RoY2FyZSBU cnVzdCBzdW NjZXNzZnVs PyBXZWxsLC B0aGV5IGZv Y3VzIG9uIH BsYWNlcyB3 aGVyZSBwZW 9wbGUgcmVh bGx5IG5lZW QgaGVhbHRo IGNhcmUsIG VzcGVjaWFs bHkgaW4gYX JlYXMgd2hl cmUgdGhlcm UgbWlnaHQg bm90IGJlIG EgbG90IG9m IGhvc3BpdG FscyBvciBj bGluaWNzLi BUaGlzIG1l YW5zIHRoZX kgaGF2ZSBs b3RzIG9mIH Blb3BsZSB3 YW50aW5nIH RvIHVzZSB0 aGVpciBidW lsZGluZ3Mg Zm9yIGhlYW x0aCBjYXJl IHNlcnZpY2 VzLjxicj5M b29raW5nIG ludG8gdGhl IGZ1dHVyZS wgdGhleSB3 aWxsIGxpa2 VseSBzdGF5 IHN1Y2Nlc3 NmdWwgYmVj YXVzZSBtb3 JlIGFuZCBt b3JlIHBlb3 BsZSB3aWxs IGFsd2F5cy BuZWVkIGhl YWx0aCBjYX JlISBQbHVz LCBhcyBtb3 JlIG5ldyBt ZWRpY2FsIH BsYWNlcyBv cGVuIHVwLC B0aGV5IHdp bGwgc3RpbG wgd2FudCB0 byByZW50IG J1aWxkaW5n cy4gU28sIG FzIGxvbmcg YXMgcGVvcG xlIG5lZWQg aGVhbHRoIG NhcmUsIENv bW11bml0eS BIZWFsdGhj YXJlIFRydX N0IHdpbGwg a2VlcCBkb2 luZyB3ZWxs ITxicj4=

Q29tbXVuaX R5IEhlYWx0 aGNhcmUgVH J1c3QgaXMg YSByZWFsIG VzdGF0ZSBp bnZlc3RtZW 50IHRydXN0 IChSRUlUKS B0aGF0IHNw ZWNpZmljYW xseSBmb2N1 c2VzIG9uIG FjcXVpcmlu Zywgb3duaW 5nLCBhbmQg b3BlcmF0aW 5nIHByb3Bl cnRpZXMgdG hhdCBhcmUg dXNlZCBmb3 IgaGVhbHRo Y2FyZSBwdX Jwb3Nlcy4g VGhpcyBpbm NsdWRlcyBt ZWRpY2FsIG 9mZmljZSBi dWlsZGluZ3 MsIG91dHBh dGllbnQgZm FjaWxpdGll cywgYW5kIG 90aGVyIGhl YWx0aGNhcm UtcmVsYXRl ZCBwcm9wZX J0aWVzLjxi cj5PbmUgb2 YgdGhlIGtl eSBhc3BlY3 RzIHRoYXQg c2V0cyBDb2 1tdW5pdHkg SGVhbHRoY2 FyZSBUcnVz dCBhcGFydC BpcyBpdHMg ZGVkaWNhdG VkIGZvY3Vz IG9uIHRoZS BoZWFsdGhj YXJlIGluZH VzdHJ5LiBU aGlzIGFsbG 93cyB0aGUg Y29tcGFueS B0byBoYXZl IGEgZGVlcC B1bmRlcnN0 YW5kaW5nIG 9mIHRoZSB1 bmlxdWUgbm VlZHMgYW5k IGNoYWxsZW 5nZXMgb2Yg dGhlIGhlYW x0aGNhcmUg c2VjdG9yLC BhbmQgdG8g dGFpbG9yIG l0cyBpbnZl c3RtZW50cy BhY2NvcmRp bmdseS4gQW RkaXRpb25h bGx5LCB0aG UgZ3Jvd2lu ZyBkZW1hbm QgZm9yIGhl YWx0aGNhcm Ugc2Vydmlj ZXMgYW5kIG ZhY2lsaXRp ZXMgbWFrZX MgQ29tbXVu aXR5IEhlYW x0aGNhcmUg VHJ1c3QgYS Bwb3RlbnRp YWxseSBsdW NyYXRpdmUg aW52ZXN0bW VudCBvcHRp b24uPGJyPk Z1cnRoZXJt b3JlLCBDb2 1tdW5pdHkg SGVhbHRoY2 FyZSBUcnVz dCBpcyBjb2 1taXR0ZWQg dG8gcmVzcG 9uc2libGUg YW5kIHN1c3 RhaW5hYmxl IGdyb3d0aC wgd2l0aCBh IGZvY3VzIG 9uIGludmVz dGluZyBpbi Bwcm9wZXJ0 aWVzIGluIG dyb3dpbmcg bWFya2V0cy BhbmQgYXJl YXMgd2l0aC BoaWdoIGhl YWx0aGNhcm UgZGVtYW5k LiBUaGlzIH N0cmF0ZWd5 IGhhcyBoZW xwZWQgdGhl IGNvbXBhbn kgYWNoaWV2 ZSBjb25zaX N0ZW50IGFu ZCBzdGFibG UgZmluYW5j aWFsIHBlcm Zvcm1hbmNl Ljxicj5MYX N0bHksIHVu bGlrZSBtYW 55IG90aGVy IFJFSVRzLC BDb21tdW5p dHkgSGVhbH RoY2FyZSBU cnVzdCBpcy BnZW9ncmFw aGljYWxseS BkaXZlcnNp ZmllZCwgd2 l0aCBwcm9w ZXJ0aWVzIG xvY2F0ZWQg YWNyb3NzIG 11bHRpcGxl IHN0YXRlcy BpbiB0aGUg VW5pdGVkIF N0YXRlcy4g VGhpcyBoZW xwcyB0byBy ZWR1Y2Ugcm lzayBhbmQg ZW5zdXJlIG Egc3Ryb25n IGFuZCByZX NpbGllbnQg cG9ydGZvbG lvLg==

Q29tbXVuaX R5IEhlYWx0 aGNhcmUgVH J1c3QgaXMg YSByZWFsIG VzdGF0ZSBp bnZlc3RtZW 50IHRydXN0 IChSRUlUKS B0aGF0IGZv Y3VzZXMgb2 4gYWNxdWly aW5nLCBvd2 5pbmcsIGFu ZCBvcGVyYX RpbmcgaGVh bHRoY2FyZS Bwcm9wZXJ0 aWVzIGFuZC BmYWNpbGl0 aWVzIGluIG 1pZC1zaXpl IGFuZCBzbW FsbGVyIG1h cmtldHMuIE l0cyBidXNp bmVzcyBtb2 RlbCBpbmNs dWRlcyBhY3 F1aXJpbmcs IGRldmVsb3 BpbmcsIGFu ZCBsZWFzaW 5nIGhlYWx0 aGNhcmUgcH JvcGVydGll cyBzdWNoIG FzIG1lZGlj YWwgb2ZmaW NlIGJ1aWxk aW5ncywgb3 V0cGF0aWVu dCBmYWNpbG l0aWVzLCBh bmQgc3BlY2 lhbHR5IGhv c3BpdGFscy B0byB2YXJp b3VzIGhlYW x0aGNhcmUg cHJvdmlkZX JzLCBpbmNs dWRpbmcgaG 9zcGl0YWxz LCBwaHlzaW NpYW4gZ3Jv dXBzLCBhbm QgaGVhbHRo Y2FyZSBzeX N0ZW1zLiBU aGUgY29tcG FueSBwcmlt YXJpbHkgZ2 VuZXJhdGVz IHJldmVudW UgdGhyb3Vn aCByZW50YW wgaW5jb21l IGZyb20gaX RzIHByb3Bl cnRpZXMgYW 5kIGFsc28g cHJvdmlkZX MgcHJvcGVy dHkgbWFuYW dlbWVudCBz ZXJ2aWNlcy 4gSXRzIGdv YWwgaXMgdG 8gcHJvdmlk ZSBhdHRyYW N0aXZlIHJl dHVybnMgdG 8gaXRzIHNo YXJlaG9sZG VycyB3aGls ZSBhbHNvIH N1cHBvcnRp bmcgdGhlIG RlbGl2ZXJ5 IG9mIHF1YW xpdHkgaGVh bHRoY2FyZS BzZXJ2aWNl cyB0byBsb2 NhbCBjb21t dW5pdGllcy 4=

AI has the potential to impact the healthcare industry and companies like Community Healthcare Trust in several ways, though the extent of these impacts can vary based on the specific context and implementation of AI technologies.
1. Substitution: AI can enhance existing healthcare products and services. For Community Healthcare Trust, which operates in the healthcare real estate sector, AI might lead to more efficient management of properties or better predictive analytics for tenant needs. However, direct substitution of their core business model (real estate investment in healthcare facilities) by AI is less likely, as physical infrastructure and property management can’t be easily replaced by AI solutions.
2. Disintermediation: AI has the potential to streamline processes and reduce the need for intermediaries in various healthcare-related services. In terms of Community Healthcare Trust, while technology could hypothetically facilitate direct relationships between healthcare providers and service users, their model primarily focuses on owning and managing healthcare properties. Thus, disintermediation risks may be relatively low unless there’s a significant shift in how healthcare services are delivered that could sidestep the need for physical facilities or their management.
3. Margin Pressure: The introduction of AI can lead to cost reductions in certain areas of healthcare delivery and management. If healthcare providers can use AI to improve efficiency and lower operational costs, they might expect lower rental costs for facilities owned by companies like Community Healthcare Trust, potentially leading to margin pressure. Additionally, as healthcare technologies evolve, there may be a competitive need to invest in AI or related technologies to stay relevant, which can lead to increased costs if not managed effectively.
In summary, while AI presents opportunities for efficiency and innovation, its direct threat to Community Healthcare Trust through substitution, disintermediation, or margin pressure is likely limited but should still be monitored. The company’s focus on real estate assets does provide some insulation from immediate threats posed by AI advancements in healthcare delivery.

The sensitivity of Community Healthcare Trust’s earnings, cash flow, and valuation to changes in interest rates can be assessed through several key factors.
1. Interest Rate Impact on Earnings: Community Healthcare Trust, being a real estate investment trust (REIT), may experience fluctuations in earnings based on changes in interest rates. Higher interest rates can lead to increased borrowing costs for the company, which can compress profit margins, particularly if the trust has substantial debt. Conversely, lower interest rates can decrease interest expenses, potentially boosting earnings.
2. Cash Flow Sensitivity: Cash flow is critical for REITs, as these companies are required to distribute a significant portion of their income to shareholders. If interest rates rise, it might result in higher financing costs, affecting cash flow negatively. Additionally, if borrowing rates increase, it might limit the company’s ability to engage in new acquisitions or expansions, thereby affecting future cash flow generation.
3. Valuation Effects: The valuation of Community Healthcare Trust, like many REITs, is often calculated based on discounted cash flows (DCF) or comparable company analysis. Rising interest rates typically lead to higher discount rates, which can reduce the present value of future cash flows, leading to a decrease in the stock’s valuation. Higher rates may also make other income-generating investments, such as bonds, more attractive compared to equities, putting downward pressure on REIT valuations.
4. Market Dynamics: The broader market sentiment towards REITs tends to shift with interest rate changes. In a rising interest rate environment, investors may demand higher yields from REITs, which could negatively affect stock prices and market capitalization.
5. Lease Structures: The sensitivity of earnings and cash flows also depends on the lease structures of properties held by Community Healthcare Trust. Long-term leases with fixed or minimal rent escalations may mitigate some interest rate risks, while properties with adjustable lease terms could lead to more volatility in income during changing interest environments.
Overall, while Community Healthcare Trust can be sensitive to interest rate fluctuations, the specific impacts will depend on the company’s leverage, lease agreements, and broader economic conditions.

T25lIHJlYW xpc3RpYyBz Y2VuYXJpby B0aGF0IGNv dWxkIGltcG FpciBDb21t dW5pdHkgSG VhbHRoY2Fy ZSBUcnVzdO KAmXMgZWNv bm9taWNzIG 92ZXIgdGhl IG5leHQgMy 01IHllYXJz IGlzIGEgc2 lnbmlmaWNh bnQgYW5kIH Byb2xvbmdl ZCByZWR1Y3 Rpb24gaW4g cmVpbWJ1cn NlbWVudCBy YXRlcyBmcm 9tIE1lZGlj YXJlIGFuZC BNZWRpY2Fp ZCwgd2hpY2 ggYXJlIGNy dWNpYWwgZn VuZGluZyBz b3VyY2VzIG ZvciBtYW55 IG9mIHRoZS BoZWFsdGhj YXJlIGZhY2 lsaXRpZXMg dGhhdCB0aG UgY29tcGFu eSBsZWFzZX MgdG8uIFRo aXMgY291bG Qgb2NjdXIg aWYgdGhlIG ZlZGVyYWwg Z292ZXJubW VudCBpbXBs ZW1lbnRzIG F1c3Rlcml0 eSBtZWFzdX JlcyBpbiBy ZXNwb25zZS B0byByaXNp bmcgaGVhbH RoY2FyZSBj b3N0cyBvci BidWRnZXQg ZGVmaWNpdH MsIGxlYWRp bmcgdG8gc3 RyaWN0ZXIg Y29udHJvbH Mgb24gcmVp bWJ1cnNlbW VudCByYXRl cy48YnI+SW YgdGhpcyBz Y2VuYXJpby B3ZXJlIHRv IHBsYXkgb3 V0LCB0aGUg Y29tcGFuee KAmXMgbWFy Z2lucyB3b3 VsZCBsaWtl bHkgZGVjbG luZSBkdWUg dG8gcmVkdW NlZCByZW50 YWwgaW5jb2 1lIGZyb20g dGVuYW50cy B3aG8gbWF5 IHN0cnVnZ2 xlIHRvIG1l ZXQgdGhlaX IgZmluYW5j aWFsIG9ibG lnYXRpb25z IHdpdGggbG 93ZXIgcmVp bWJ1cnNlbW VudHMuIEhv c3BpdGFscy BhbmQgaGVh bHRoY2FyZS BmYWNpbGl0 aWVzLCBwYX J0aWN1bGFy bHkgdGhvc2 UgcmVsaWFu dCBvbiBnb3 Zlcm5tZW50 IHJlaW1idX JzZW1lbnRz LCB3b3VsZC BmYWNlIHRp Z2h0ZXIgY2 FzaCBmbG93 cywgcG90ZW 50aWFsbHkg bGVhZGluZy B0byByZW5l Z290aWF0aW 9uIG9yIGRl ZmF1bHQgb2 4gbGVhc2Vz LiBUaGlzIG NvdWxkIGFs c28gaW5jcm Vhc2UgdmFj YW5jeSByYX RlcyBhcyB0 ZW5hbnRzIH dvdWxkIGJl IHVuYWJsZS B0byBhZmZv cmQgcmVudC BvciBtaWdo dCBzZWVrIG xvd2VyLWNv c3QgYWx0ZX JuYXRpdmVz LCBmdXJ0aG VyIGh1cnRp bmcgcmV2ZW 51ZS48YnI+ Q2FzaCBmbG 93IHdvdWxk IGRldGVyaW 9yYXRlIGFz IHJlbnRhbC BpbmNvbWUg ZGVjcmVhc2 VzLiBXaXRo IHRlbmFudH MgdW5hYmxl IHRvIHBheS ByZW50cyBv biB0aW1lIG 9yIGF0IGFn cmVlZCBhbW 91bnRzLCBD b21tdW5pdH kgSGVhbHRo Y2FyZSBUcn VzdCB3b3Vs ZCBleHBlcm llbmNlIGNh c2ggZmxvdy ByZXN0cmFp bnRzLCBpbX BhY3Rpbmcg aXRzIGFiaW xpdHkgdG8g c2VydmljZS BkZWJ0LCBw YXkgZGl2aW RlbmRzLCBv ciByZWludm VzdCBpbiBn cm93dGggb3 Bwb3J0dW5p dGllcy4gPG JyPk9uIHRo ZSBiYWxhbm NlIHNoZWV0 LCB0aGVzZS BjaGFsbGVu Z2VzIHdvdW xkIGxpa2Vs eSBtYW5pZm VzdCBhcyBh biBpbmNyZW FzZSBpbiBh Y2NvdW50cy ByZWNlaXZh YmxlLCBhcy B0aGUgY29t cGFueSBtaW dodCB0YWtl IGxvbmdlci B0byBjb2xs ZWN0IHJlbn RzIG9yIG1p Z2h0IGV4dG VuZCBwYXlt ZW50IHRlcm 1zIHRvIHN1 cHBvcnQgc3 RydWdnbGlu ZyB0ZW5hbn RzLiBBZGRp dGlvbmFsbH ksIGlmIHRo ZSBjb21wYW 55IGhhcyB0 byB3cml0ZS Bkb3duIGFu eSBhc3NldC B2YWx1ZXMg ZHVlIHRvIG RlY2xpbmlu ZyBwcm9wZX J0eSBwZXJm b3JtYW5jZS BvciBpbmNy ZWFzZWQgdm FjYW5jeSBy YXRlcywgdG hpcyB3b3Vs ZCBuZWdhdG l2ZWx5IGFm ZmVjdCBpdH MgZXF1aXR5 LiBUaGUgZG VidC10by1l cXVpdHkgcm F0aW8gbWln aHQgaW5jcm Vhc2UgZHVl IHRvIGRpbW luaXNoZWQg ZXF1aXR5IG FuZCBwb3Rl bnRpYWxseS BpbmNyZWFz ZWQgYm9ycm 93aW5ncyB0 byBtYWludG FpbiBsaXF1 aWRpdHkuIF VsdGltYXRl bHksIGlmIH RoZXNlIGNv bmRpdGlvbn MgcGVyc2lz dCwgdGhlIG NvbXBhbnkg Y291bGQgZm FjZSBhIHNp Z25pZmljYW 50bHkgd2Vh a2VuZWQgZm luYW5jaWFs IHBvc2l0aW 9uLCBtYWtp bmcgaXQgY2 hhbGxlbmdp bmcgdG8gYX R0cmFjdCBu ZXcgdGVuYW 50cyBvciBl eHBhbmQgaX RzIHBvcnRm b2xpby48Yn I+

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvQk x2VzgwQ0hM QzFacFhnVn FqMDkud2Vi cCIgYWx0PS JDb21tdW5p dHkgSGVhbH RoY2FyZSBU cnVzdCIgdG l0bGU9IkNv bW11bml0eS BIZWFsdGhj YXJlIFRydX N0IiAgY2xh c3M9ImltZy 1mbHVpZCIg aGVpZ2h0PT UwIHdpZHRo PTUwIGxvYW Rpbmc9J2xh enknIHN0eW xlPSdib3Jk ZXItcmFkaX VzOiA2cHg7 Jz4KCiAgIC AgICAgICAg ICAgICAgIC AgPGRpdiBz dHlsZT0nZm xleDogMTsg dGV4dC1hbG lnbjogY2Vu dGVyOyBtYX JnaW4tbGVm dDogNXB4Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxwIH N0eWxlPSdm b250LXNpem U6IDI2cHg7 IGNvbG9yOi AjMzMzOyBt YXJnaW4tYm 90dG9tOiAx NXB4Oyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICDwn5 OIIFdhbnQg dG8gcmVhZC Btb3JlIGFi b3V0IENvbW 11bml0eSBI ZWFsdGhjYX JlIFRydXN0 PwogICAgIC AgICAgICAg ICAgICAgIC AgICA8L3A+ CgogICAgIC AgICAgICAg ICAgICAgIC AgICA8YSBo cmVmPSdpbm RleC5waHA/ cGFnZT1zaW dudXAnIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGJhY2 tncm91bmQt Y29sb3I6IC MwMDdCRkY7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBj b2xvcjogI2 ZmZjsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH ggMjBweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGJv cmRlci1yYW RpdXM6IDVw eDsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IHRleHQtZG Vjb3JhdGlv bjogbm9uZT sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG ZvbnQtd2Vp Z2h0OiBib2 xkOwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgbWFyZ2lu LXJpZ2h0Oi AxMHB4Owog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgdHJh bnNpdGlvbj ogYmFja2dy b3VuZC1jb2 xvciAwLjNz IGVhc2U7Jw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgb2 5tb3VzZW92 ZXI9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA1Nm IzIicKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIG9ubW91 c2VvdXQ9J3 RoaXMuc3R5 bGUuYmFja2 dyb3VuZENv bG9yPSIjMD A3QkZGIic+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBT aWduIHVwIG ZvciBmcmVl CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvYT4K CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxzcGFu IHN0eWxlPS dtYXJnaW46 IDAgOHB4Oy Bjb2xvcjog IzU1NTsnPm 9yPC9zcGFu PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPGEg aHJlZj0naW 5kZXgucGhw P3BhZ2U9bG 9naW4nIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGNvbG 9yOiAjMDA3 QkZGOwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgdGV4dC 1kZWNvcmF0 aW9uOiB1bm RlcmxpbmU7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBm b250LXdlaW dodDogNTAw Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBsb2cgaW 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9hPg oKCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxwIH N0eWxlPSdt YXJnaW4tdG 9wOiAxNXB4 OyBmb250LX NpemU6IDEz cHg7IGZvbn Qtd2VpZ2h0 OiBib2xkOy Bjb2xvcjog I2QzMmYyZj snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Ag8J+TnSBK b2luIHVzIG FuZCBncmFi IHlvdXIgY2 9weSBvZiA8 aT4iVGhlIE NoZWNrbGlz dCBWYWx1ZS BJbnZlc3Rv ciDigJQgQS BTbWFydGVy IFdheSB0by BQaWNrIFN0 b2NrcyI8L2 k+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvcD 4KCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwhLS 0KICAgICAg ICAgICAgIC AgICAgICAg ICAgPGRpdi BzdHlsZT0n bWFyZ2luLX RvcDogMTJw eDsgZm9udC 1zaXplOiAx M3B4OyBjb2 xvcjogIzQ0 NDsnPgogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgU2lnbi B1cCBub3cg YW5kIGdldC BvdXIgZnJl ZSBlQm9vay AKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgID xiPlRoZSBD aGVja2xpc3 QgVmFsdWUg SW52ZXN0b3 Ig4oCUIEEg U21hcnRlci BXYXkgdG8g UGljayBTdG 9ja3M8L2I+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvZGl2 PgogICAgIC AgICAgICAg ICAgICAgIC AgICAtLT4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPCEtLQog ICAgICAgIC AgICAgICAg ICAgICAgIC A8ZGl2IHN0 eWxlPSdtYX JnaW4tdG9w OiAxNnB4Oy Bmb250LXNp emU6IDE0cH g7IGNvbG9y OiAjNDQ0Oy Bmb250LWZh bWlseTogLW FwcGxlLXN5 c3RlbSwgQm xpbmtNYWNT eXN0ZW1Gb2 50LCBTZWdv ZSBVSSwgUm 9ib3RvLCBI ZWx2ZXRpY2 EgTmV1ZSwg c2Fucy1zZX JpZjsgbGlu ZS1oZWlnaH Q6IDEuNjsn PgogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg SGF2ZSB5b3 UgaGVhcmQg YWJvdXQgb3 VyIHNob3J0 IDxzdHJvbm cgc3R5bGU9 J2ZvbnQtd2 VpZ2h0OiA2 MDA7Jz5EYW lseSBWaWRl byBOZXdzbG V0dGVyPC9z dHJvbmc+Pw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgPG EgaHJlZj0n aHR0cHM6Ly 93d3cuaW5z aWdodGZ1bH ZhbHVlLmNv bS9uZXdzbG V0dGVyLnBo cCcgdGFyZ2 V0PSdfYmxh bmsnIHN0eW xlPSdjb2xv cjogIzAwN0 JGRjsgdGV4 dC1kZWNvcm F0aW9uOiBu b25lOyBmb2 50LXdlaWdo dDogNTAwOy BtYXJnaW4t bGVmdDogNn B4Oyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg RmluZCBvdX QgbW9yZQog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9h PgogICAgIC AgICAgICAg ICAgICAgIC AgICA8L2Rp dj4KICAgIC AgICAgICAg ICAgICAgIC AgICAgLS0+ CiAgICAgIC AgICAgICAg ICAgICAgPC 9kaXY+CiAg ICAgICAgIC AgICAgICA8 L2Rpdj4KIC AgICAgICAg ICAgPC9kaX Y+CiAgICAg ICAgICAgIA ogICAgICAg IAogICAgIC AgIDxzcGFu IGNsYXNzPS dibHVycmVk LXRleHQnPg ogICAgICAg ICAgICBNUz RnUTI5dGJY IFZ1YVhSNU lFaGwgWVd4 MGFHTmhjbS BVZ1ZISjFj M1FnIEtFTk lRMVFwSUcg bHpJR0VnY2 1WaCBiQ0Js YzNSaGRHIF VnYVc1MlpY TjAgYldWdW RDQjBjbiBW emRDQW9Va1 ZKIFZDa2dk R2hoZEMgQm 1iMk4xYzJW eiBJRzl1SU dGamNYIFZw Y21sdVp5d2 cgYjNkdWFX NW5MQyBCaG JtUWdiR1Zo IGMybHVaeU JvWlcgRnNk R2hqWVhKbC BJSEJ5YjNC bGNuIFJwWl hNZ2FXNGcg Ym05dUxYVn lZbSBGdUlH MWhjbXRsIG RITWdkR2h5 YjMgVm5hRz kxZENCMCBh R1VnVlc1cG RHIFZrSUZO MFlYUmwgY3 k0OFluSStN aSA0Z1ZHaG xJR052IGJY QmhibmtnZD IgRnpJR1p2 ZFc1ayBaV1 FnYVc0Z01q IEF4TkNCaG JtUWcgYVhN Z2FHVmhaSC BGMVlYSjBa WEpsIFpDQn BiaUJHY20g RnVhMnhwYm l3ZyBWR1Z1 Ym1WemMyIF ZsTGp4aWNq NHogTGlCRF NFTlVJSCBC eWFXMWhjbW xzIGVTQjBZ WEpuWlggUn pJSEJ5YjNC bCBjblJwWl hNZ2RHIGho ZENCd2NtOT IgYVdSbElH OTFkSCBCaG RHbGxiblFn IGMyVnlkbW xqWlggTXNJ R2x1WTJ4MS BaR2x1WnlC dFpXIFJwWT JGc0lHOW0g Wm1salpTQm lkVyBsc1pH bHVaM01zIE lITndaV05w WVcgeDBlU0 JvYjNOdyBh WFJoYkhNc0 lHIDkxZEhC aGRHbGwgYm 5RZ2MzVnla MiBsallXd2 dZMlZ1IGRH VnljeXdnWV cgNWtJRzkw YUdWeSBJR2 hsWVd4MGFH IE5oY21VZ1 ptRmogYVd4 cGRHbGxjeS A0OFluSStO QzRnIFFYTW diMllnUkcg VmpaVzFpWl hJZyBNakF5 TUN3Z1EwIG hEVkNCdmQy NXogSUdFZ2 NHOXlkRyBa dmJHbHZJRz ltIElERXlN eUJ3Y20gOX daWEowYVdW eiBJR3h2WT JGMFpXIFFn YVc0Z01qa2 cgYzNSaGRH VnpMQyBCM2 FYUm9JR0Vn IGRHOTBZV3 dnYjIgWWdZ WEJ3Y205NC BhVzFoZEdW c2VTIEF6TG pNZ2JXbHMg YkdsdmJpQn pjWCBWaGNt VWdabVZsIG RDQnZaaUJz WlcgRnpZV0 pzWlNCeiBj R0ZqWlM0OF luIEkrTlM0 Z1ZHaGwgSU dOdmJYQmhi biBuaWdKbH pJSEJ5IGIz QmxjblJwWl ggTWdZWEps SUd4bCBZWE 5sWkNCMGJ5 IEJoSUdScG RtVnkgYzJV Z1ozSnZkWC BBZ2IyWWdk R1Z1IFlXNT BjeXdnYVcg NWpiSFZrYV c1biBJR2hs WVd4MGFHIE 5oY21VZ2NI SnYgZG1sa1 pYSnpJRyBG dVpDQnZkR2 hsIGNpQm9a V0ZzZEcgaG pZWEpsTFhK bCBiR0YwWl dRZ1pXIDUw YVhScFpYTW cgYzNWamFD QmhjeSBCcG JXRm5hVzVu IElHTmxibl JsY24gTXNJ SFZ5WjJWdS BkQ0JqWVhK bElHIE5sYm 5SbGNuTXMg SUdGdVpDQn dhRyBGeWJX RmphV1Z6IE xqeGljajQy TGkgQkRTRU 5VSUdseiBJ SEpsWTI5bm JtIGw2WldR Z1lYTWcgYj I1bElHOW1J SCBSb1pTQj BiM0F0IGNH VnlabTl5Yl cgbHVaeUJv WldGcyBkR2 hqWVhKbElG IEpGU1ZSek xDQjMgYVhS b0lHRWdkSC BKaFkyc2dj bVZqIGIzSm tJRzltSUcg TnZibk5wYz NSbCBiblFn WjNKdmQzIF JvTENCemRI SnYgYm1jZ1 ptbHVZVyA1 amFXRnNJSE JsIGNtWnZj bTFoYm0gTm xMQ0JoYm1R ZyBiRzkzSU d4bGRtIFZ5 WVdkbExqeG kgY2o0M0xp QkpiaSBBeU 1ERTNMQ0JE IFNFTlVJR0 52YlggQnNa WFJsWkNCcC BkSE1nYVc1 cGRHIGxoYk NCd2RXSnMg YVdNZ2IyWm 1aWCBKcGJt Y2dLRWxRIF R5a2dZVzVr SUcgSmxaMk Z1SUhSeSBZ V1JwYm1jZ2 IyIDRnZEdo bElFNWwgZH lCWmIzSnJJ RiBOMGIyTn JJRVY0IFky aGhibWRsSU MgaE9XVk5G S1NCMSBibV JsY2lCMGFH IFVnZEdsam EyVnkgSUhO NWJXSnZiQy BCRFNFTlVM anhpIGNqND RMaUJVYUcg VWdZMjl0Y0 dGdSBlU0Jv WVhNZ1lTIE J6ZEhKdmJt Y2cgWTI5dG JXbDBiVyBW dWRDQjBieU J6IGRYTjBZ V2x1WVcgSn BiR2wwZVN3 ZyBkMmwwYU NCaElHIFp2 WTNWeklHOX UgSUdWdVpY Sm5lUyBCbF ptWnBZMmxs IGJtTjVJR0 Z1WkMgQmxi blpwY205dS BiV1Z1ZEdG c2JIIGtnY2 1WemNHOXUg YzJsaWJHVW djSCBKaFkz UnBZMlZ6IE lHbHVJR2ww Y3kgQndjbT l3WlhKMCBh V1Z6TGp4aW NqIDQ1TGlC RFNFTlUgSU dseklHRmpk RyBsMlpXeD VJR2x1IGRt OXNkbVZrSU cgbHVJSFJv WlNCaiBiMj F0ZFc1cGRH IGxsY3lCM2 FHVnkgWlNC cGRDQnZjRy BWeVlYUmxj eUJoIGJtUW djM1Z3Y0cg OXlkSE1nZG 1GeSBhVzkx Y3lCamFHIE Z5YVhSaFlt eGwgSUc5eV oyRnVhWCBw aGRHbHZibk 1nIFlXNWtJ R2x1YVggUn BZWFJwZG1W eiBJR1p2WT NWelpXIFFn YjI0Z2FHVm ggYkhSb1ky RnlaUyBCaG JtUWdaV1Ix IFkyRjBhVz l1TGogeGlj ajR4TUM0Zy BTVzRnTWpB eU1TIHdnUT BoRFZDQnkg WVc1clpXUW dJeiBZZ2Iy NGdSbTl5IG RIVnVaZUtB bVggTWdNVE F3SUVaaCBj M1JsYzNRdF IzIEp2ZDJs dVp5QkQgYj Ixd1lXNXBa WCBNZ2JHbH pkQ3dnIGNt Vm1iR1ZqZE cgbHVaeUJw ZEhNZyBjM1 J5YjI1bklH IFpwYm1GdV kybGggYkNC d1pYSm1iMy BKdFlXNWpa U0JoIGJtUW daM0p2ZDMg Um9JSEJ2ZE dWdSBkR2xo YkM0PQogIC AgICAgIDwv c3Bhbj4KIC AgICAgICAK ICAgICAgIC A=