Chiron Real Estate Inc. · NYSE:XRN
Chiron Real Estate — Global Medical REIT — Investor Presentation (May 2025)
18 slides from Chiron Real Estate's investor presentation, May 28, 2025
Slide 1: Investor Presentation May 2025
Investor Presentation May 2025
Slide 2: Mission Statement and Strategy
Our primary mission is to attain earnings growth with a well covered dividend by maximizing the investment spread in our healthcare real estate assets. Our strategies to achieve this mission are as follows: • Asset Type - primarily invest in off - campus, out - patient medical facilities, and post -
Slide 3: Dividend Overview
On May 28, 2025 the Board of Directors reduced the Company’s quarterly common stock dividend from $0.21 per share to $0.15 per share. We believe the reduction to the dividend best positions the Company for future growth, strengthens the balance sheet, and provides investors with an attractively yiel
Slide 4: YTD 2025 and 2024 Investment Activity
• YTD 2025 Investment Activity: • $69.6 million of total acquisitions, consisting of 5 properties with 486,598 leasable square feet, at a 9.0% weighted average capitalization rate. • Sold two medical facilities, receiving aggregate gross proceeds of $8.2 million, resulting in an aggregate gain of $1
Slide 5: 2025 Acquisition Case Study
5 2025 ACQUISITION CASE STUDY Five (5) Medical Outpatient Buildings (“MOBs”) Asset Type 486,598 square feet Gross Leasable Area Des Moines, IA and Tucson, AZ Primary Locations 94% (65% credit rated health system tenancy) Occupancy $ 6.3 million ($ 13.00) Year 1 Est. NOI ( psf) 4.0 yrs (at acquisitio
Slide 6: CHRISTUS Case Study
6 CHRISTUS CASE STUDY Surgical Hospital Asset Type 84,674 square feet Gross Leasable Area Beaumont, TX Location 1 7 beds / 5 ORs Total Beds / ORs 2011 , Renovated 2013, new TI 2024 Year Built $ 2.7 million ($32. 18) / $2.9 million ($34.00) Rent (psf): Old / New 6 y r s (at acquisition) / 15 yrs Leas
Slide 7: A Strategy That Delivers Value
7 A STRATEGY THAT DELIVERS VALUE $1.5B Investments in Real Estate Gross $0.4B Market Cap* 7.9% Weighted Average Cap Rate 9.4% Dividend Yield* *Based on closing price of the Company’s common stock of $6.36 on May 27, 2025. Dividend yield assumes a $0.60 annual dividen d rate per share. All other data
Slide 8: High Performing Real Estate at the Forefront of Healthcare
HIGH PERFORMING REAL ESTATE AT THE FOREFRONT OF HEALTHCARE 8 4.4X RENT COVERAGE* 2.2% WEIGHTED AVERAGE RENT ESCALATIONS 5.6 WEIGHTED AVERAGE LEASE TERM 191 BUILDINGS 297 TENANTS 95.6% OCCUPANCY 4.9M Net Leasable Area (SF) *See page 18 for disclosures regarding the Company’s rent coverage calculation
Slide 9: Diversified Across Geography, Specialty and Provider Type
DIVERSIFIED ACROSS GEOGRAPHY, SPECIALITY AND PROVIDER TYPE 9 FOCUSED ON NET LEASE TENANTS % of ABR* Triple-net 55% Absolute-net 36% Modified gross 5% Gross 4% Total 100% *See page 18 for disclosures regarding the Company’s Annualized Base Rent (ABR). All data as of March 31, 2025.
Slide 10: Strong, Diverse Healthcare Tenant Base
10 DOMINANT LOCAL PHYSICIAN GROUPS POST - ACUTE CARE PROVIDERS, SURGICAL OPERATOR PARNERSHIPS, AND HEALTHCARE CORPORATES STRONG, DIVERSE HEALTHCARE TENANT BASE NOT - FOR - PROFIT HEALTH SYSTEMS AFFILIATIONS DOMINANT LOCAL PHYSICIAN GROUPS
Slide 11: Investing in the Future of Healthcare
11 INVESTING IN THE FUTURE OF HEALTHCARE Encompass – Mesa, AZ Southlake Heart & Vascular Institute – Clermont, FL Mission Health – Livonia, MI Legent Hospital for Special Surgery – Plano, TX
Slide 12: A Distinct Approach
A DISTINCT APPROACH 12 • Longer - term leases • Annual rent escalations • Bedroom communities • Secondary markets with favorable demand drivers • Positioned to benefit from decentralization trends • Uncover high retention/patient - centric acquisition opportunities • Sustainable cash flows • Attract
Slide 13: Investing in the Future of Healthcare
INVESTING IN THE FUTURE OF HEALTHCARE 13 90 % of Americans age 50 and older want to age in place. 1 65 % of seniors between the ages of 60 and 70 find it “very easy” to live independently. 2 As American’s choose to age in place, demand for conveniently located healthcare will continue to increase. 1
Slide 14: Predominately Fixed-Rate Debt Profile and Access to Multiple Capital Sources
PREDOMINATELY FIXED - RATE DEBT PROFILE AND ACCESS TO MULTIPLE CAPITAL SOURCES 14 Liquidity Profile* Availability Capital Source $190 million Unutilized Revolver Capacity * As of May 27, 2025. As of March 31, 2025 Debt Statistics $681 million Total Gross Debt: 75% Fixed Rate Debt - to - Total Debt:
Slide 15: Institutional Knowledge, Hands-On Approach
INSTITUTIONAL KNOWLEDGE, HANDS - ON APPROACH Jeffrey Busch — Chairman, Chief Executive Officer and President 20+ years of experience in healthcare, real estate development, management and investment Robert Kiernan — Chief Financial Officer and Treasurer 30+ years of experience in financial accountin
Slide 16: Highly Skilled and Diverse Board
HIGHLY SKILLED AND DIVERSE BOARD 16 Jeffrey Busch — Chairman, Chief Executive Officer and President 20+ years of experience in healthcare, real estate development, management and investment. Lori Wittman — Lead Independent Director, Audit Committee Chair, ESG Committee Member Decades of experience i
Slide 17: Forward Looking Statements
FORWARD LOOKING STATEMENTS Certain statements contained herein may be considered “forward - looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and it is the Company’s intent that any such statements be protected by the safe harbor create d thereby. These
Slide 18: Disclosures
DISCLOSURES Rent Coverage Ratio and Other Matters For purposes of calculating our portfolio weighted - average EBITDARM coverage ratio (“Rent Coverage Ratio”), we excluded credit - rated tenants or their subsidiaries for which financial statements were either not available or not sufficiently detail
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