other material
confidence high
sentiment neutral
materiality 0.55
Global Medical REIT updates investor presentation; YTD acquisitions $80.3M at 8.0% cap rate
Chiron Real Estate Inc.
- YTD 2024: $80.3M in acquisitions (15 properties, 254k SF) at 8.0% WA cap rate.
- Assets under contract: $69.6M at 9.0% cap rate, expected close first half 2025.
- Beaumont, TX facility: new 15-year lease with CHRISTUS Health at $2.9M base rent, 2.5% annual escalations.
- Q3 2024 ATM issuance: 1.2M shares at avg $9.95, gross proceeds $12M.
- Portfolio: 96.1% occupancy, 7.7% WA cap rate, 9.4% dividend yield based on $8.89 stock price.