other material
confidence medium
sentiment neutral
materiality 0.40
Global Medical REIT updates investor presentation; termination of $44.6M Belpre property sale disclosed
Chiron Real Estate Inc.
- As of June 24, 2022, purchaser terminated contract to sell Belpre, OH property for $44.6M; asset remains in portfolio.
- Portfolio: 97% occupied, 171 buildings, 201 tenants, 4.4M sq ft; weighted avg lease term 6.9 yrs, rent coverage 5.0x.
- $98M acquisitions YTD 2022, $31M under contract; $1.4B total real estate investments since IPO.
- Leverage ratio 43.7% as of March 31, 2022; $135M available capacity as of June 24, 2022.