GMRE Q1 net income $0.8M, AFFO $0.23/share; Steward Health Care files Chapter 11

Chiron Real Estate Inc.

2024-Q1 EPS reported $0.01 revenue$35,118,000

Net income $0.8M ($0.01/diluted share); FFO $14.9M ($0.21/unit); AFFO $16.5M ($0.23/unit).
Rental revenue $35.1M, down 3% YoY due to 2023 property dispositions.
Steward Health Care (2.8% of ABR) filed Chapter 11; $0.5M receivable at risk.
Entered agreement to buy 15-property portfolio for $81.3M, closing in H2 2024.
Leverage flat at 44.0%; quarterly common dividend maintained at $0.21/share.

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 0.95

Chiron Real Estate Inc. reported the three months ended March 31, 2024 results: revenue $35.1 million, net income $0.8 million, EPS $0.01 per diluted share.

Period: the three months ended March 31, 2024
Revenue: $35.1 million
Net income: $0.8 million
EPS: $0.01 per diluted share
Result: reported results

Exact text from the filing

prior year period. · Portfolio leased occupancy was 96.4% at March 31, 2024. Financial Results Rental revenue for the first quarter 2024 decreased 3.0% year-over-year to $35.1 million, primarily reflecting the impact of the Company’s property dispositions that were completed during 2023. Total expenses for the first quarter were $32.8 million, compared to

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Source: SEC EDGAR

accession 0001104659-24-058072

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