Chiron Real Estate Inc. · NYSE:XRN
Chiron Real Estate — Global Medical REIT — Investor Presentation (June 2019)
24 slides from Chiron Real Estate's investor presentation, Jun 3, 2019
Slide 1: Investor Presentation June 2019
www.globalmedicalreit.com NYSE: GMRE Investor Presentation June 2019
Slide 2: Forward-Looking Statements
Forward - Looking Statements 1 This presentation is for informational purposes only and does not constitute an offer to sell, or a solicitation of offers to purchase, Global Medical REIT Inc . ’s (the “Company”, or “GMRE”) securities . The information contained in this presentation does not purport
Slide 3: About GMRE
“® GLOBAL MEDICAL REIT ABOUT GMRE
Slide 4: GMRE Value Proposition
GMRE Value Proposition Net lease operating platform, which tends to be more resilient during economic fluctuations Healthcare facilities providing mission critical services with leading operators Proven investment strategy resulting in operational flexibility for tenants and improved asset value D I
Slide 5: Capital Structure and Company Profile
Capital Structure Company Profile Gross Real Estate Assets $763M Annualized Base Rent (ABR) $58.9M # of Buildings Owned 91 # of Tenants 56 Gross Leasable Area (SF) 2.3M All Tenant Rent Coverage MOB Rent Coverage IRF, SH, LTACH Rent Coverage 5.09x 6.61x 4.05x Weighted Average Cap Rate 7.8% Weighted A
Slide 6: GMRE Strategy
“® GLOBAL MEDICAL REIT GMRE STRATEGY
Slide 7: GMRE Benefits From Key Dynamics in Healthcare
GMRE Benefits From Key Dynamics in Healthcare Industry - wide demographic tailwinds support GMRE’s core strategic vision Healthcare Providers Diversifying Real Estate Strategies to Capture Growing Patient Demand Physicians Forming Groups and Moving to Suburban Communities Technology Will Continue to
Slide 8: Increasing Demand for Localized Delivery
Increasing Demand for Localized Delivery An Aging Population Will Drive Healthcare Costs (1) The U.S. 65+ age group is growing faster than the country’s population – ~10,000 Baby Boomers turn 65 every day – By 2030, older adults will make up 20% of the American population, up from 13% today Approxim
Slide 9: Disciplined Yet Opportunistic Acquisition Strategy
Disciplined Yet Opportunistic Acquisition Strategy We aim to create a property portfolio comprised substantially of off - campus, purpose - built, licensed medical facilities such as MOBs, specialty hospitals, IRFs and ASCs, that are geographically situated to take advantage of the aging U.S. popula
Slide 10: Future Growth Strategies
Future Growth Strategies GMRE consistently maintains a large pipeline of actionable acquisition opportunities to sustain growth as a result of being an attractive deal partner Ability to navigate complex transactions through an adaptable approach to negotiations and deal structuring, creating a favo
Slide 11: GMRE Portfolio
“® GLOBAL MEDICAL REIT GMRE PORTFOLIO
Slide 12: Portfolio Composition
Portfolio Composition 2.1% Weighted Average Rent Escalations 91 Total Buildings 9.5 YRS Weighted Average Lease Term 100% Occupancy 2.3M Rentable Square Feet (RSF) 56 Total Tenants 11 Lease Expiration Schedule (% of Portfolio) (1) and Associated ABR ($ millions) 10.4 year weighted average remaining l
Slide 13: Diversified Tenant Base
Diversified Tenant Base No one tenant contributes greater than 11.9% to annualized based rent 12 19.9% 11.8% 10.5% 9.3% 9.0% 6.7% 4.4% 4.3% 3.2% 3.1% 17.8% Top 10 States % of Annualized Base Rent (1) 30.6% 28.5% 11.9% 11.4% 6.5% 3.9% 3.8% 1.3% 2.1% IRF 30.6% MOB 28.5% MOB/ASC 11.9% MOB/Imaging/ER 11
Slide 14: Established Strong Healthcare Operators as Tenants
Established Strong Healthcare Operators as Tenants Not - For - Profit Health System Affiliations For - Profit Systems Affiliations and Surgical Operator Partnerships Dominant Local Physician Groups 13
Slide 15: IRF Portfolio Case Studies
“® GLOBAL MEDICAL REIT IRF PORTFOLIO CASE STUDIES
Slide 16: IRF Portfolio Summary
IRF Portfolio Summary Key Highlights Premier Facilities Transaction Highlights Large National Tenants Portfolio comprised of four IRFs located in Nevada, Arizona, Oklahoma and Indiana being sold by CNL Healthcare Properties Attractive population growth – particularly within the Southwestern markets
Slide 17: IRF Portfolio – Nevada / Arizona
Las Vegas, NV - Key Highlights Surprise, AZ - Key Highlights Gross Leasable Area 53,260 square feet Total Beds 50 Year Built 2007 Year 1 Rent ( psf ) $1.5 million ($28.24) Lease Term 6.0 years Purchase Price ( psf ) $21.5 million ($404) Cap Rate 7.0% Tenant Encompass (Ba3) (1) Largest owner and oper
Slide 18: IRF Portfolio – Oklahoma / Indiana
all data as of May 31, 2019 unless otherwise stated 17 Oklahoma City, OK - Key Highlights Mishawaka, IN - Key Highlights Gross Leasable Area 53,449 square feet Total Beds 50 Year Built 2012 Year 1 Rent ( psf ) $1.9 million ($35.02) Lease Term 8.3 years Purchase Price ( psf ) $28.0 million ($524) Cap
Slide 19: Appendix
“® GLOBAL MEDICAL REIT APPENDIX
Slide 20: Leadership
Leadership JEFFREY BUSCH , Chairman, Chief Executive Officer and President ROBERT KIERNAN , Chief Financial Officer and Treasurer ALFONZO LEON , Chief Investment Officer ▪ 17 + years of experience in real estate finance and has completed $ 3 billion of transactions ▪ Prior experience as principal at
Slide 21: Independent Directors
Independent Directors Majority independent Board with strong backgrounds in healthcare, real estate and capital markets Henry Cole ▪ President of Global Development International, providing development support and oversight for initiatives in medical and hea lth care programs (e.g. Instant Labs Medi
Slide 22: Non-Independent Directors
Non - Independent Directors Jeffrey Busch, Chairman ▪ Over 20 years of experience in healthcare, real estate development, management and investment ▪ Former assistant to the U.S. Secretary of Housing & Urban Development ▪ United States Special Representative to United Nations in Geneva ▪ Developed l
Slide 23: Disclosures
Disclosures 22 Portfolio Snapshot (see page 4 ) Annualized Base Rent (ABR) represents base rent at May 31, 2019 multiplied by 12 . Accordingly, this methodology produces an annualized amount as of a point in time but does not take into account future contractual rental rate increases. Rent Coverage
Slide 24: Investor Relations
www.globalmedicalreit.com NYSE: GMRE INVESTOR RELATIONS Mary Jensen maryj@globalmedicalreit.com 202.524.6869 – Office 310.526.1707 – Cell
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