Chiron Real Estate Inc. · NYSE:XRN
Chiron Real Estate — Global Medical REIT — Investor Presentation (June 2024)
17 slides from Chiron Real Estate's investor presentation, Jun 3, 2024
Slide 1: Nimble. Tenacious. Disciplined. Investor Presentation June 2024
NIMBLE. TENACIOUS. DISCIPLINED. Investor Presentation June 2024
Slide 2: Mission Statement and Strategy
Our primary mission is to attain earnings growth and dividend stability 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 - acute
Slide 3: A Strategy That Delivers Value
3 A STRATEGY THAT DELIVERS VALUE $1.4B Investments in Real Estate Gross $0.6B Market Cap* 7.9% Weighted Average Cap Rate 9.0% Dividend Yield* *Based on closing price of the Company’s common stock of $9.29 on May 31, 2024. All other data as of March 31, 2024. Atrium Health – Winston - Salem, NC
Slide 4: High Performing Real Estate at the Forefront of Healthcare
HIGH PERFORMING REAL ESTATE AT THE FOREFRONT OF HEALTHCARE 4 4.8X RENT COVERAGE 2.2% WEIGHTED AVERAGE RENT ESCALATIONS 5.8 WEIGHTED AVERAGE LEASE TERM 185 BUILDINGS 268 TENANTS 96.4% OCCUPANCY 4.8M Net Leasable Area (SF) (as of March 31, 2024) *Occupancy and asset type percentages are based on annua
Slide 5: Investing in the Future of Healthcare
5 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 6: A Distinct Approach
A DISTINCT APPROACH 6 • 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 • Attracti
Slide 7: Investing in the Future of Healthcare
INVESTING IN THE FUTURE OF HEALTHCARE 7 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 8: Quote from Danica Holley, Chief Operating Officer
8 “We don’t look at investing in real estate as a single activity to be completed but as the first step in building an enduring relationship.” Danica Holley Chief Operating Officer NOMS – Sandusky, OH
Slide 9: Strong, Diverse Healthcare Tenant Base
9 DOMINANT LOCAL PHYSICIAN GROUPS FOR - PROFIT SYSTEMS AFFILIATIONS AND SURGICAL OPERATOR PARTNERSHIPS STRONG, DIVERSE HEALTHCARE TENANT BASE NOT - FOR - PROFIT HEALTH SYSTEMS AFFILIATIONS
Slide 10: Tenant testimonial from David Harano, former CEO of Gastro One
“With an attentive, flexible and creative approach, Global Medical REIT worked with us to structure a transaction that met our goals and helped propel our growth. GMRE has been a helpful partner and resource since our closing.” David Harano former CEO, Gastro One 10
Slide 11: Quote from Robert Kiernan, Chief Financial Officer
“We have ample liquidity and are focused on maintaining stable leverage, which will support our accretive growth strategy.” Robert Kiernan Chief Financial Officer and Treasurer 11 Legent Hospital for Special Surgery – Plano, TX
Slide 12: Predominately Fixed-Rate Debt Profile and Access to Multiple Capital Sources
PREDOMINATELY FIXED - RATE DEBT PROFILE AND ACCESS TO MULTIPLE CAPITAL SOURCES 12 Liquidity Profile* Capital Source Availability Unutilized Revolver Capacity $280 million Fixed - to - Floating Rate Debt Fixed - Rate: 84% Floating – Rate: 16% Revolver Principal: $98.6 million Rate at 3/31/24 6.87% Pr
Slide 13: 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 14: Highly Skilled and Diverse Board
HIGHLY SKILLED AND DIVERSE BOARD 14 Jeffrey Busch — Chairman, Chief Executive Officer and President 20+ years of experience in healthcare, real estate development, management and investment. Matthew Cypher, PH.D — ESG Committee Chair, Nominating and Governance Committee Member Professor at Georgetow
Slide 15: Committed to Corporate Responsibility
• Working with tenants to improve energy consumption, carbon emissions and efficiency • Board of Directors formed an ESG Committee for oversight of corporate sustainability issues • Continue to improve Company’s GRESB score • Completed an Employee Engagement Survey to capture information on employee
Slide 16: Forward Looking Statement
FORWARD LOOKING STATEMENT 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 f
Slide 17: Disclosures: Rent Coverage Ratio and Other Matters
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
Global Medical REIT — Investor Presentation (June 2024) on 6ix