other
confidence high
sentiment neutral
materiality 0.25
Global Medical REIT updates investor presentation with portfolio data as of March 31, 2023
Chiron Real Estate Inc.
- Portfolio occupancy 97%, weighted average lease term 6.0 years, 188 buildings, 274 tenants.
- Dividend yield 9.4% based on $8.89 stock price; annual dividend $0.85 per share in 2022.
- Total gross debt $701M, 80% fixed rate, weighted average interest rate 4.28%, maturity 3.7 years.
- Unutilized revolver capacity $252M and common equity ATM capacity $298M.
- Acquisition cap rate target 7.5%-8.0%; weighted average cap rate 7.8% on $1.5B gross real estate.