other material
confidence medium
sentiment neutral
materiality 0.55
Global Medical REIT updates investor presentation with 97% occupancy, $149M YTD acquisitions
Chiron Real Estate Inc.
- Portfolio as of Sept 30, 2022: 97% occupied, 6.4-year WALT, 189 buildings, 4.9M sq ft.
- Acquired $149M year-to-date 2022; $1.5B total since IPO; weighted avg cap rate 7.7%.
- Debt profile: $703M total gross debt, 79% fixed-rate, 3.9% avg interest, 4.2-year avg maturity; $250M revolver available.
- Dividend yield 8.7% based on $9.59 close; Pipeline Healthcare (tenant) filed Chapter 11 in Oct 2022.
- Rent coverage 4.7x; weighted avg rent escalations 2.1%.