earnings
confidence high
sentiment neutral
materiality 0.65
GMRE Q3 net income $1.8M ($0.03/diluted), FFO $0.19/unit, AFFO $0.22/unit
Chiron Real Estate Inc.
2024-Q3 EPS reported
-$0.04
revenue$103,624,000
- Rental revenue $34.2M, down 3.7% YoY; net income fell from $3.1M to $1.8M.
- Completed $30.8M acquisitions in Q3; total $80.3M 15-property portfolio closed.
- Entered agreement to buy $69.6M, 5-property portfolio at 9.0% cap rate, close H1 2025.
- Steward lease rejection allowed new 15-year lease with CHRISTUS Health; rent starts March/April 2025.
- Issued 1.2M shares via ATM at $9.95 for $12M; portfolio occupancy 96.1%, leverage 44.1%.