Chiron Real Estate (XRN) Investor presentation summary

Mission and strategy

• Focus on earnings growth and a well-covered dividend by maximizing investment spread in healthcare real estate assets.

• Invest primarily in off-campus, outpatient, and post-acute inpatient medical facilities.

• Target properties with attractive capitalization rates and profitable healthcare system tenants.

• Leverage an experienced management team to maximize investor returns.

Dividend and financial overview

• Quarterly dividend reduced from $0.21 to $0.15 per share to enhance growth flexibility and strengthen the balance sheet.

• Estimated $17 million in annual retained cash flow from the dividend reduction.

• Dividend and future capital expenditures projected to be fully funded by operating cash flows.

• $1.5 billion invested in real estate with a $113.4 million annualized base rent and a 9.4% dividend yield.

Recent investment activity

• Acquired $69.6 million in properties YTD 2025 at a 9.0% cap rate; sold two facilities for $8.2 million, realizing a $1.4 million gain.

• In 2024, acquired $80.3 million in properties and completed $60.7 million in dispositions, with a $4.2 million gain.

• Secured a new 15-year lease with CHRISTUS Health in Beaumont, TX, after Steward Health Care's bankruptcy.