Global Medical REIT Q2 net income $11.8M; core FFO/AFFO down YoY; reduces leverage to 44.5%

Chiron Real Estate Inc.

2023-Q2 EPS reported $0.19 revenue$72,581,000

Net income $11.8M ($0.18/diluted) vs $2.2M ($0.03) in prior year; includes $12.8M gain on sale.
FFO $14.7M ($0.21/share) vs $16.4M ($0.24); AFFO $15.9M ($0.23) vs $17.6M ($0.25); both down YoY.
Revenue $36.4M, +7.9% YoY; portfolio leased occupancy 97%.
Sold four MOB portfolio in Oklahoma City for $66M gross; used proceeds to cut variable-rate debt; leverage 44.5%.
Acquired two MOBs in Redding, CA for $6.7M at 7.6% cap 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 the six months ended June 30, 2023 results: revenue $72.6 million, net income $12.5 million, EPS $0.19 per diluted share.

Period: the six months ended June 30, 2023
Revenue: $72.6 million
Net income: $12.5 million
EPS: $0.19 per diluted share
Result: reported results

Exact text from the filing

or $0.45 per share and unit, as compared to $34.4 million, or $0.49 per share and unit, in the comparable prior year period. · Increased total revenue 10.7% year-over-year to $72.6 million, primarily driven by the Company’s acquisition activity during and since the comparable prior year period and the performance of its portfolio. · Through June 30, 2023, inclusive

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Chiron Real Estate Inc. reported the three months ended June 30, 2023 results: revenue $36.4 million, net income $11.8 million, EPS $0.18 per diluted share.

Period: the three months ended June 30, 2023
Revenue: $36.4 million
Net income: $11.8 million
EPS: $0.18 per diluted share
Result: reported results

Exact text from the filing

or $0.23 per share and unit, as compared to $17.6 million, or $0.25 per share and unit, in the comparable prior year period. · Increased total revenue 7.9% year-over-year to $36.4 million, primarily driven by the Company’s acquisition activity during and since the comparable prior year period and the performance of its portfolio. · In April 2023, completed the

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

Chiron Real Estate Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-086866

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