Chiron Real Estate Q3 net loss widens, Core FFO falls
XRN•Chiron Real Estate reported a Q3 net loss of $5.74 million and core FFO of $10.86 million; results included $2 million in severance and transition costs. The company is pursuing a sale of its outpatient medical portfolio and plans to expand seniors housing.
1. Quarterly results
Chiron Real Estate’s Q3 net loss widened year over year to $5.74 million, while core FFO was $10.86 million. Rental revenue was $33.52 million and FFO was $7.28 million. The quarter included $2 million in severance and transition costs tied to the shift toward seniors housing.
2. Portfolio plans
The company is actively pursuing the sale of its outpatient medical portfolio and said investor interest in medical office assets is strong. It plans to redeploy proceeds and expand its seniors housing platform, and expects newly opened seniors housing assets to stabilize at yields above 7% by 2028–2029.
