Chiron Real Estate Inc. · NYSE:XRN
Chiron Real Estate — Global Medical REIT — Investor Presentation (June 2021)
18 slides from Chiron Real Estate's investor presentation, Jun 8, 2021
Slide 1: Investor Presentation June 2021
Investor Presentation June 2020 June 2021
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: Company Profile
Company Profile 2 Owner of national portfolio of purpose - built healthcare facilities leased to strong healthcare systems and physician groups with leading market share in secondary markets, designed to produce increasing, reliable rental revenue by leasing each property primarily under long - term
Slide 4: GMRE Compelling Value Proposition
GMRE Compelling 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 asse
Slide 5: Healthcare Providers Diversifying Real Estate Strategies to Capture Growing Patient Demand
Healthcare Providers Diversifying Real Estate Strategies to Capture Growing Patient Demand Physicians Forming Groups and Moving to Suburban Communities Consumer Preferences Continue to Push More Healthcare to Outpatient Settings Aging Population Results in More Outpatient Procedures and Drives Patie
Slide 6: Healthcare Spending Continues to Increase
$0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 80 90 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 HEALTHCARE SPENDING CONTINUES TO INCREASE National Healthcare Expenditures 1980 - 2028 (1)(2) Demographic & Healthcare Tailwinds Support Our Strategic Visi
Slide 7: Increasing Demand for Localized Delivery
Increasing Demand for Localized Delivery Conveniently Located Healthcare Will Be in Higher Demand 74% of Baby Boomers surveyed cited independence as a motivation for aging in place. 82% of seniors surveyed rated conveniently located hospitals and healthcare facilities as extremely or very important
Slide 8: Targeted Approach To Acquisitions
Targeted Approach To Acquisitions Focused on constructing a portfolio comprised substantially of off - campus, purpose - built, medical facilities such as MOBs, specialty hospitals, IRFs and ASCs, that are geographically situated to take advantage of the aging U.S. population and the decentralizatio
Slide 9: Attractive Deal Partner
Attractive Deal Partner Ability to navigate complex transactions through an adaptable approach to negotiations and deal structuring, creating a favorable reputation within the market Large, broad network of investment sales brokers, coupled with a solid reputation of being able to execute, drives di
Slide 10: Disciplined Underwriting and Due Diligence Process
Disciplined Underwriting and Due Diligence Process Medical office real estate is highly liquid, with transaction volumes averaging $2 to $4 billion per quarter over the last five years. Focus on acquiring medical office and outpatient facilities in the $5 to $20 million range and opportunistically a
Slide 11: Strong Track Record of Acquisitions Since IPO
$94 $207 $472 $648 $906 $1,143 At IPO 2016 2017 2018 2019 2020 Strong Track Record of Acquisitions Since IPO Gross Investments In Real Estate ($ MM) From IPO through 2020, GMRE has grown the portfolio from $94 million to $1.1 billion of Gross Investments in Real Estate, or 74% annually. In 2020, GMR
Slide 12: Portfolio Data: Asset Types and Top 10 States
11 (1) Monthly base rent as of March 31, 2021 multiplied by 12 (2) Other includes Office (2.8%), Acute Hospital (2.6%), LTACH (2.6%), Behavioral Hospital (1.4%), and FSED (1.0%) MOB Total - 62.0% IRF - 20.4% Surgical Hospital - 7.2% Other - 10.4% MOB Total 62.0% MOB 38.8% MOB/ASC 18.6% MOB/Imaging/E
Slide 13: Lease Expirations and Tenant Credit Strength
Year Number of Leases Leasable Square Feet % of Total Leasable SF ABR % of Total ABR 2021 6 21,388 0.6% $ 357 0.4% 2022 17 77,227 2.0% 1,515 1.7% 2023 15 235,218 6.2% 5,581 6.1% 2024 39 675,601 17.7% 14,735 16.1% 2025 9 235,288 6.2% 6,401 7.0% 2026 26 413,637 10.8% 7,427 8.1% 2027 18 328,382 8.6% 9,
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: Capital Sources and Liquidity
14 Capital Sources and Liquidity Capitalization ($ MM) Highlights Borrowing capacity on credit facility of approximately $244 million (1) 2.93% weighted average interest rate as of 6 /07/21 Weighted average term of debt as of 6/07/21 was 4.79 years During the first quarter, issued 2.7 million shares
Slide 16: Seasoned Leadership
Seasoned Leadership JEFFREY BUSCH , Chairman, Chief Executive Officer and President ROBERT KIERNAN , Chief Financial Officer and Treasurer ALFONZO LEON , Chief Investment Officer ▪ 19 + years of experience in real estate finance and has completed $ 3 billion of transactions ▪ Prior experience as pri
Slide 17: 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 18: Disclosures
Disclosures Rent Coverage Ratio 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 detailed . These ratios
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