GMRE Q3 net income $3.1M ($0.05/diluted), FFO $0.22, revenue $35.5M; occupancy 96.7%
Chiron Real Estate Inc.
- Net income attributable to common stockholders $3.1M ($0.05/diluted) vs $8.1M ($0.12) in prior-year Q3.
- FFO $15.3M ($0.22/unit) vs $16.2M ($0.23); AFFO $16.5M ($0.23) vs $17.1M ($0.25).
- Year-to-date completed three dispositions for $80.5M gross proceeds with $15.6M total gain.
- Portfolio leased occupancy 96.7%; weighted average lease term 5.7 years; rent coverage 4.2x.
- Dividend of $0.21/common share declared; leverage 44.2%; weighted avg interest rate 3.78%.