Chiron Real Estate Inc. XRN
Chiron Real Estate Inc. (the "Company," "us," "we," or "our") is a Maryland corporation and internally managed REIT that primarily acquires healthcare facilities leased to physician groups and regional and national healthcare systems. The Company's common stock is listed on the New York Stock Exchange. On February 23, 2026, the Company changed its name from Global Medical REIT Inc. to Chiron Real Estate Inc.
We elected to be taxed as a REIT for U.S. federal income tax purposes commencing with our taxable year ended December 31, 2016. We hold our facilities and conduct our operations through a Delaware limited partnership subsidiary, Chiron Real Estate LP (the "Operating Partnership"). Our wholly owned subsidiary, Chiron Real Estate GP LLC, is the sole general partner of our Operating Partnership and, as of December 31, 2025, we owned 92.0% of the outstanding common operating partnership units ("OP Units") of our Operating Partnership, with an aggregate of 8.0% of the Operating Partnership owned by holders of long-term incentive plan units ("LTIP Units") and third-party limited partners who contributed properties or services to the Operating Partnership in exchange for OP Units.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $526.0K | $370.0K | $115.0K | $116.0K | $132.0K | $212.0K | $211.0K | $54.0K | $121.0K | $131.0K |
| SG&A | $20.0M | $21.1M | $16.9M | $16.5M | $16.5M | $11.9M | $6.5M | $5.5M | $5.5M | $4.2M |
| Total operating expenses | — | — | $134.0M | $124.0M | $98.7M | $96.2M | $61.1M | $46.3M | $30.4M | $14.6M |
| Interest expense | $31.8M | $28.7M | $30.9M | $25.2M | $19.7M | $18.7M | $17.5M | $15.0M | $7.4M | $4.1M |
| Net income | -$6.9M | $6.7M | $21.7M | $20.0M | $18.3M | -$2.5M | $9.6M | $14.6M | -$87.0K | -$6.4M |
| EPS, basic | -0.91 | 0.06 | 1.13 | 0.20 | 0.19 | -0.17 | 0.10 | — | — | — |
| EPS, diluted | -0.91 | 0.06 | 1.13 | 0.20 | 0.19 | -0.17 | 0.10 | 0.35 | -0.09 | -0.68 |
| Shares, diluted (wtd. avg.) | $13.4M | $13.2M | $13.1M | $65.5M | $60.6M | $46.3M | $33.9M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $9.1M | $6.8M | $6.7M | $14.5M | $12.8M | $10.8M | $7.2M | $4.8M | $7.1M | $20.6M |
| Goodwill | $5.9M | $5.9M | $5.9M | $5.9M | $5.9M | $5.9M | $0 | — | — | — |
| Other intangibles | $46.0M | $53.7M | $65.5M | $91.2M | $87.7M | $73.3M | $59.1M | $36.3M | $29.3M | $7.1M |
| Total assets | $1.24B | $1.26B | $1.27B | $1.39B | $1.26B | $1.10B | $884.9M | $636.1M | $471.8M | $227.3M |
| Long-term debt | $1.2M | $14.4M | — | — | — | — | — | — | — | — |
| Total liabilities | $712.4M | $700.6M | $661.9M | $744.2M | $625.9M | $643.1M | $424.6M | $336.3M | $212.8M | $72.3M |
| Retained earnings | -$350.0M | -$293.7M | -$239.0M | -$198.7M | -$157.0M | -$116.8M | -$71.4M | -$45.0M | -$34.4M | — |
| Total equity | $509.8M | $534.1M | $605.8M | $649.1M | $637.6M | $457.8M | $460.4M | $299.8M | $259.0M | $155.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $73.6M | $70.0M | $68.4M | $76.5M | $69.0M | $34.5M | $36.4M | $24.8M | $12.6M | -$2.2M |
| Depreciation and amortisation | $44.0M | $40.4M | $41.3M | $40.0M | $33.8M | $26.7M | $19.1M | $13.6M | $7.9M | $2.3M |
| Stock-based compensation | $4.5M | $5.1M | $4.2M | $4.7M | $5.8M | $5.3M | $3.3M | $2.7M | $1.8M | $1.7M |
| Investing cash flow | -$60.4M | -$45.9M | $67.6M | -$137.3M | -$194.7M | -$223.7M | -$258.2M | -$151.6M | -$252.7M | -$150.4M |
| Financing cash flow | -$10.3M | -$21.9M | -$143.8M | $62.4M | $127.7M | $192.7M | $224.1M | $124.5M | $226.6M | $163.5M |
| Dividends paid | $5.8M | $5.8M | $5.8M | $5.8M | $5.8M | $5.8M | $5.8M | $5.8M | $745.0K | $0 |
| Buybacks | $6.0M | — | — | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-040956.
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