other material
confidence high
sentiment neutral
materiality 0.30
Global Medical REIT updates investor presentation; portfolio 96.7% occupied, $1.4B gross assets
Chiron Real Estate Inc.
- Portfolio: 185 buildings, 268 tenants, 4.7M sq ft, 96.7% occupancy as of Sept 30, 2023.
- $1.4B gross real estate assets, $0.6B market cap; 7.9% weighted avg cap rate, 9.1% dividend yield.
- Debt: $626M total, 89% fixed rate, weighted avg interest 3.78%, maturity 3.1 years.
- Dividend held at $0.85/share annualized; no reduction during COVID; strong tenant base cited.
- Strategy focuses on off-campus medical offices and post-acute facilities with 5.7 yr avg lease term.