earnings
confidence high
sentiment neutral
materiality 0.70
Global Medical REIT Q1 net income $0.7M ($0.01/shr); FFO $15.1M ($0.22/shr); revenue $36.2M (+13.7% YoY)
Chiron Real Estate Inc.
2023-Q1 EPS reported
$0.01
revenue$36,230,000
- Net income $0.7M ($0.01 diluted EPS) vs $2.7M ($0.04) YoY; FFO $15.1M ($0.22/shr) vs $16.0M ($0.23); AFFO $16.0M ($0.23) vs $16.8M ($0.24).
- Rental revenue $36.2M (+13.7% YoY) driven by acquisitions; portfolio leased occupancy 97.0% (up from 96.5% Dec 2022).
- Sold Jacksonville MOB for $4.4M (gain $0.5M); completed $6.7M Redding, CA acquisition on April 17 funded by OP Units at $11.00/unit.
- Dividend $0.21/shr common payable April 11; leverage 47.4%; weighted avg interest rate 4.28%; $244.5M undrawn credit facility.
- No shares issued under ATM in Q1 2023.