earnings
confidence high
sentiment neutral
materiality 0.65
GMRE Q4 AFFO $0.22/unit flat YoY; JV with Heitman; 2025 guidance $0.89-$0.93
Chiron Real Estate Inc.
2024-FY EPS reported
$0.01
revenue$138,780,000
- Q4 2024 net income $1.4M ($0.02/diluted) vs net loss $0.8M (-$0.01) in Q4 2023; full-year net income $0.8M ($0.01) vs $14.8M ($0.23).
- Q4 AFFO $15.8M ($0.22/unit) vs $15.9M ($0.23) prior year; full-year AFFO $63.4M ($0.89) vs $64.3M ($0.91).
- Acquired $80.3M of net-lease medical assets in 2024 at 8.0% cap rate; entered JV with Heitman (12.5% stake) and contributed two assets for $35.2M.
- CEO Jeff Busch to step down by June 30, 2025; $3.2M severance charge recorded in Q4; search for successor underway.
- Full-year 2025 AFFO guidance introduced at $0.89-$0.93 per share/unit; Q1 2025 common dividend maintained at $0.21/share.