m_and_a
confidence high
sentiment positive
materiality 0.90
Chiron signs $425M senior housing acquisitions, $100M equity investment, cuts dividend 36%
Chiron Real Estate Inc.
- Agreed to acquire three senior housing communities in DC metro for ~$425M, expected to close in Q2/Q4 2026.
- Secured $100M convertible preferred equity from Maewyn Capital Partners at 6.00%, initial conversion $43/share.
- Q1 2026 core FFO $1.11/share (flat YoY), net loss $0.7M; same-property cash NOI up 3.2%.
- Reduced monthly dividend from $0.25 to $0.16 (36% cut); new quarterly rate $0.48.
- Withdrew 2026 earnings guidance citing portfolio transition; ~$200M asset sales under LOI at ~7% cash yield.
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