Global Medical REIT Q3 net income $8.1M, AFFO $0.25/share; adds $150M term loan, 80% fixed-rate debt

Chiron Real Estate Inc.

2022-Q3 EPS reported $0.20 revenue$100,977,000

Net income $8.1M ($0.12 diluted EPS) vs $3.7M ($0.06) prior year; revenue $35.4M, up 18.1% YoY
FFO $16.2M ($0.23/sh/unit) flat; AFFO $17.1M ($0.25) up from $0.24 prior year
Acquired $50.8M in Q3 (247k sf at 7.1% cap); YTD $148.9M; sold one asset for $17.9M, $6.8M gain
Amended credit facility: $150M term loan added (Feb 2028), revolver extended to Aug 2026, switched to SOFR
Entered $150M interest rate swaps fixing SOFR at 2.54%; 80% of debt now fixed at 3.75% wtd avg rate

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Chiron Real Estate Inc. reported three months ended September 30, 2022 results: revenue $35.4 million, net income $8.1 million, EPS $0.12 per diluted share.

Period: three months ended September 30, 2022
Revenue: $35.4 million
Net income: $8.1 million
EPS: $0.12 per diluted share
Result: reported results

Exact text from the filing

Net income attributable to common stockholders was $8.1 million, or $0.12 per diluted share, as compared to $3.7 million, or $0.06 per diluted share, in the comparable prior year period. · Funds from Operations (“FFO”) of $16.2 million, or $0.23 per share and unit, as compared to $15.8 million, or $0.23 per share and unit, in the comparable prior year period. · Adjusted Funds from Operations (“AFFO”) of $17.1 million, or $0.25 per share and unit, as compared to $16.4 million, or $0.24 per share and unit, in the comparable prior year period. · Increased total revenue 18.1% year-over-year to $35.4 million, primarily driven by the Company’s acquisition activity.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Chiron Real Estate Inc. reported nine months ended September 30, 2022 results: revenue $101.0 million, net income $13.0 million, EPS $0.20 per diluted share.

Period: nine months ended September 30, 2022
Revenue: $101.0 million
Net income: $13.0 million
EPS: $0.20 per diluted share
Result: reported results

Exact text from the filing

Net income attributable to common stockholders was $13.0 million, or $0.20 per diluted share, as compared to $8.0 million, or $0.13 per diluted share, in the comparable prior year period. · FFO of $48.6 million, or $0.70 per share and unit, as compared to $42.6 million, or $0.67 per share and unit, in the comparable prior year period. · AFFO of $51.5 million, or $0.74 per share and unit, as compared to $45.0 million, or $0.71 per share and unit, in the comparable prior year period. · Increased total revenue 18.0% year-over-year to $101.0 million, primarily driven by the Company’s acquisition activity.

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Chiron Real Estate Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-114000

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