Chiron Real Estate Inc.

Chiron Real Estate Inc. (NYSE: CHIR), formerly known as Global Medical REIT Inc., operates as an internally managed real estate investment trust specializing in healthcare facility acquisitions. The company maintains its website at www.chironre.com and elected REIT tax status commencing with its taxable year ended December 31, 2016.

The company's primary business strategy focuses on acquiring healthcare properties leased to physician groups and regional or national healthcare systems, with particular emphasis on off-campus medical facilities and decentralized healthcare delivery components. Chiron targets small to mid-sized healthcare facilities in secondary markets and suburban areas, believing these properties are often overlooked by larger REITs despite offering comparable tenant credit profiles to more expensive primary market facilities. The portfolio also includes active adult and seniors residential facilities in attractive markets.

As of December 31, 2025, Chiron maintained gross real estate investments of approximately $1.5 billion across 189 buildings comprising approximately 5.1 million leasable square feet and generating approximately $118.8 million in annualized base rent. The portfolio composition includes medical office buildings representing 79.1 percent of leasable square feet, inpatient rehabilitation facilities at 10.1 percent, surgical hospitals at 2.1 percent, and other healthcare properties at 8.7 percent. Most healthcare facilities operate under triple-net lease structures, though the portfolio includes some multi-tenant properties with gross or modified gross lease arrangements.

Geographically, the portfolio demonstrates concentration in six states, with Texas, Florida, Ohio, Arizona, Pennsylvania, and Illinois collectively representing approximately 54.9 percent of annualized base rent. The company's three largest tenants—LifePoint Health, Encompass Health Corporation, and Memorial Health System—collectively account for 18.1 percent of portfolio-wide annualized base rent.

Chiron holds a 12.5 percent investment in an unconsolidated joint venture with Heitman, a real estate investment firm managing over $48 billion in assets, which owned two healthcare facilities as of December 31, 2025. The company employs 30 people and conducts operations through Chiron Real Estate LP, a Delaware limited partnership subsidiary in which the company owned 92.0 percent of outstanding common operating partnership units as of year-end 2025.