XRN on NYSE
Chiron Real Estate Inc.
American real estate investment trust based in Bethesda, active since 20142
In its 2026 annual report the company says: “Chiron Real Estate Inc. 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.”5 Its shares trade on NYSE under the symbol XRN.2
Price unavailable
Last updated Oct 21, 2026.
Overview
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- TickerXRN on NYSE2
- IndustryReal Estate Investment Trusts2
- HeadquartersBethesda, United States2
- Incorporated inMD3
- Business address7373 Wisconsin Avenue, Suite 800, Bethesda, Md 208143
- Filer categoryAccelerated filer3
- Legal formCorporation2
- Kind of organizationReal estate investment trust2
- LEI549300HFRIPQDYU3GU602
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o THE CORPORATION TRUST INCORPORATED; 2405 YORK ROAD SUITE 201, 21093-2264 Lutherville Timonium, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D156207922
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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.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$148.2M
Out of $148.2M in revenue.6 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid8¢$5.8M
- Share buybacks8¢$6.0M
- Kept or used elsewhere84¢$61.8M
Out of $73.6M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental revenue | $147.7M | $138.4M | $140.9M |
| Other income | $526.0K | $370.0K | $115.0K |
| Total revenue | $148.2M | $138.8M | $141.0M |
| General and administrative | $20.0M | $21.1M | $16.9M |
| Operating expenses | $32.6M | $29.3M | $28.1M |
| Depreciation expense | $44.0M | $40.4M | $41.3M |
| Amortization expense | $15.0M | $14.9M | $16.9M |
| Interest expense | $31.8M | $28.7M | $30.9M |
| Transaction expense | $0 | $155.0K | $44.0K |
| Total expenses | $143.4M | $134.6M | $134.0M |
| Income before other income (expense) | $4.8M | $4.2M | $7.0M |
| Gain on sale of investment properties | $1.5M | $4.2M | $15.6M |
| Impairment of investment properties | -$13.0M | -$1.7M | $0 |
| Equity loss from unconsolidated joint venture | -$150.0K | -$20.0K | $0 |
| Loss on extinguishment of debt | $0 | $0 | -$868.0K |
| Net (loss) income | -$6.9M | $6.7M | $21.7M |
| Less: Preferred stock dividends | -$6.3M | -$5.8M | -$5.8M |
| Less: Net loss (income) attributable to noncontrolling interest | $1.0M | -$59.0K | -$1.1M |
| Net (loss) income attributable to common stockholders | -$12.1M | $811.0K | $14.8M |
| Net (loss) income attributable to common stockholders per share - basic | -$0.91 | $0.06 | $1.13 |
| Net (loss) income attributable to common stockholders per share - diluted | -$0.91 | $0.06 | $1.13 |
| Weighted average shares outstanding - basic | 13.4M shares | 13.2M shares | 13.1M shares |
| Weighted average shares outstanding - diluted | 13.4M shares | 13.2M shares | 13.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Land | $169.9M | $174.3M | |||
| Building | $1.1B | $1.0B | |||
| Site improvements | $25.7M | $24.0M | |||
| Tenant improvements | $80.4M | $69.7M | |||
| Acquired lease intangible assets | $144.6M | $138.9M | |||
| Investment in real estate, Total | $1.5B | $1.5B | |||
| Less: accumulated depreciation and amortization | -$338.1M | -$288.9M | |||
| Investment in real estate, net | $1.2B | $1.2B | |||
| Cash and cash equivalents | $9.1M | $6.8M | |||
| Restricted cash | $2.8M | $2.1M | |||
| Tenant receivables, net | $7.2M | $7.4M | |||
| Escrow deposits | $556.0K | $711.0K | |||
| Deferred assets | $28.9M | $28.2M | |||
| Derivative assets | $6.1M | $18.6M | |||
| Goodwill | $5.9M | $5.9M | |||
| Investment in unconsolidated joint venture | $1.8M | $2.1M | |||
| Other assets | $25.3M | $22.4M | |||
| Total assets | $1.2B | $1.3B | |||
| Credit Facility, net of unamortized debt issuance costs of $10,476 and $4,868 at December 31, 2025, and December 31, 2024, respectively | $652.7M | $631.7M | |||
| Notes payable, net of unamortized debt issuance costs of $0 and $22 at December 31, 2025, and December 31, 2024, respectively | $1.2M | $14.4M | |||
| Accounts payable and accrued expenses | $18.3M | $16.5M | |||
| Dividends payable | $12.5M | $16.5M | |||
| Security deposits | $3.4M | $3.3M | |||
| Other liabilities | $19.4M | $14.2M | |||
| Acquired lease intangible liability, net | $4.9M | $3.9M | |||
| Total liabilities | $712.4M | $700.6M | |||
| Preferred stock, $0.001 par value, 10,000 shares authorized; 5,155 shares and 3,105 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively (liquidation preference of $128,875 and $77,625 at December 31, 2025 and December 31, 2024, respectively) | $124.1M | $75.0M | |||
| Common stock, $0.001 par value, 100,000 shares authorized; 13,235 shares and 13,374 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $13.0K | $13.0K | |||
| Additional paid-in capital | $729.5M | $734.3M | |||
| Accumulated deficit | -$350.0M | -$293.7M | |||
| Accumulated other comprehensive income | $6.1M | $18.6M | |||
| Total Chiron Real Estate stockholders' equity | $509.8M | $534.1M | |||
| Noncontrolling interest | $20.3M | $21.8M | |||
| Total equity | $530.1M | $555.9M | $605.8M | $649.1M | |
| Total liabilities and equity | $1.2B | $1.3B | |||
| Unamortized debt issuance costs | $22.0K | ||||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |||
| Preferred stock, shares issued | 5.2M shares | 3.1M shares | |||
| Preferred stock, shares outstanding | 5.2M shares | 3.1M shares | |||
| Preferred stock, liquidation preference | $128.9M | $77.6M | |||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued | 13.2M shares | 13.4M shares | |||
| Common stock, shares outstanding | 13.2M shares | 13.4M shares | 13.4M shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Land | $169.9M | $174.3M | |||
| Building | $1.1B | $1.0B | |||
| Site improvements | $25.7M | $24.0M | |||
| Tenant improvements | $80.4M | $69.7M | |||
| Acquired lease intangible assets | $144.6M | $138.9M | |||
| Investment in real estate, Total | $1.5B | $1.5B | |||
| Less: accumulated depreciation and amortization | -$338.1M | -$288.9M | |||
| Investment in real estate, net | $1.2B | $1.2B | |||
| Cash and cash equivalents | $9.1M | $6.8M | |||
| Restricted cash | $2.8M | $2.1M | |||
| Tenant receivables, net | $7.2M | $7.4M | |||
| Escrow deposits | $556.0K | $711.0K | |||
| Deferred assets | $28.9M | $28.2M | |||
| Derivative assets | $6.1M | $18.6M | |||
| Goodwill | $5.9M | $5.9M | |||
| Investment in unconsolidated joint venture | $1.8M | $2.1M | |||
| Other assets | $25.3M | $22.4M | |||
| Total assets | $1.2B | $1.3B | |||
| Credit Facility, net of unamortized debt issuance costs of $10,476 and $4,868 at December 31, 2025, and December 31, 2024, respectively | $652.7M | $631.7M | |||
| Notes payable, net of unamortized debt issuance costs of $0 and $22 at December 31, 2025, and December 31, 2024, respectively | $1.2M | $14.4M | |||
| Accounts payable and accrued expenses | $18.3M | $16.5M | |||
| Dividends payable | $12.5M | $16.5M | |||
| Security deposits | $3.4M | $3.3M | |||
| Other liabilities | $19.4M | $14.2M | |||
| Acquired lease intangible liability, net | $4.9M | $3.9M | |||
| Total liabilities | $712.4M | $700.6M | |||
| Preferred stock, $0.001 par value, 10,000 shares authorized; 5,155 shares and 3,105 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively (liquidation preference of $128,875 and $77,625 at December 31, 2025 and December 31, 2024, respectively) | $124.1M | $75.0M | |||
| Common stock, $0.001 par value, 100,000 shares authorized; 13,235 shares and 13,374 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $13.0K | $13.0K | |||
| Additional paid-in capital | $729.5M | $734.3M | |||
| Accumulated deficit | -$350.0M | -$293.7M | |||
| Accumulated other comprehensive income | $6.1M | $18.6M | |||
| Total Chiron Real Estate stockholders' equity | $509.8M | $534.1M | |||
| Noncontrolling interest | $20.3M | $21.8M | |||
| Total equity | $530.1M | $555.9M | $605.8M | $649.1M | |
| Total liabilities and equity | $1.2B | $1.3B | |||
| Unamortized debt issuance costs | $22.0K | ||||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |||
| Preferred stock, shares issued | 5.2M shares | 3.1M shares | |||
| Preferred stock, shares outstanding | 5.2M shares | 3.1M shares | |||
| Preferred stock, liquidation preference | $128.9M | $77.6M | |||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued | 13.2M shares | 13.4M shares | |||
| Common stock, shares outstanding | 13.2M shares | 13.4M shares | 13.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$6.9M | $6.7M | $21.7M |
| Depreciation expense | $44.0M | $40.4M | $41.3M |
| Amortization of acquired lease intangible assets | $14.0M | $14.5M | $16.7M |
| Amortization of above market leases, net | $648.0K | $1.2M | $1.1M |
| Amortization of debt issuance costs and other | $3.0M | $2.2M | $2.4M |
| Stock-based compensation expense | $4.5M | $5.1M | $4.2M |
| Capitalized preacquisition and other costs charged to expense | $136.0K | $242.0K | $177.0K |
| Reserve for uncollectible accounts, net | $822.0K | $852.0K | |
| Gain on sale of investment properties | -$1.5M | -$4.2M | -$15.6M |
| Impairment of investment property | $13.0M | $1.7M | $0 |
| Equity loss from unconsolidated joint venture | $150.0K | $20.0K | $0 |
| Loss on extinguishment of debt | $868.0K | ||
| Other | $147.0K | $136.0K | $433.0K |
| Tenant receivables | $199.0K | -$1.5M | $426.0K |
| Deferred assets | -$1.1M | -$1.9M | -$2.9M |
| Other assets and liabilities | $5.0K | $2.0M | $542.0K |
| Accounts payable and accrued expenses | $3.2M | $3.0M | -$2.0M |
| Security deposits | $124.0K | -$364.0K | -$1.8M |
| Net cash provided by operating activities | $73.6M | $70.0M | $68.4M |
| Purchase of land, buildings, and other tangible and intangible assets and liabilities | -$70.5M | -$81.7M | -$442.0K |
| Net proceeds from sale of investment properties | $23.0M | $57.4M | $78.9M |
| Investment in unconsolidated joint venture | -$2.1M | ||
| Distribution of capital from unconsolidated joint venture | $135.0K | ||
| Escrow deposits for purchase of properties | $290.0K | -$290.0K | |
| Advances received from (made to) related parties | $108.0K | -$77.0K | $7.0K |
| Capital expenditures on existing real estate investments | -$11.2M | -$13.4M | -$9.6M |
| Leasing commissions | -$2.2M | -$5.7M | -$1.3M |
| Net cash (used in) provided by investing activities | -$60.4M | -$45.9M | $67.6M |
| Net proceeds received from common equity offerings | $10.9M | ||
| Net proceeds received from preferred stock offering | $49.1M | ||
| Escrow deposits required by third party lenders | $252.0K | $7.2M | |
| Repayment of notes payable | -$13.3M | -$11.5M | -$1.3M |
| Repayment of CMBS loan defeasance | -$31.5M | ||
| Proceeds from Credit Facility | $138.3M | $143.8M | $83.1M |
| Repayment of Credit Facility | -$111.7M | -$99.6M | -$136.4M |
| Payment of debt issuance costs | -$8.6M | -$13.0K | |
| Repurchase of common stock | -$6.0M | ||
| Dividends paid to common stockholders, and OP Unit and LTIP Unit holders | -$52.3M | -$59.9M | -$59.0M |
| Dividends paid to preferred stockholders | -$5.8M | -$5.8M | -$5.8M |
| Net cash provided by financing activities | -$10.3M | -$21.9M | -$143.8M |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $2.9M | $2.2M | -$7.7M |
| Cash payments for interest | $27.8M | $26.6M | $30.1M |
| Accrued dividends payable | $12.5M | $16.5M | $16.1M |
| Interest rate swap agreements fair value change recognized in other comprehensive (loss) income | -$12.5M | $6.5M | $9.5M |
| LTIP Units and OP Units redeemed for common stock | $1.2M | $910.0K | $427.0K |
| Accrued capital expenditures and leasing commissions included in accounts payable and accrued expenses | $1.4M | $2.4M | $2.2M |
| OP Units issued for property acquisitions | $5.5M | ||
| Recognition of lease liability related to right of use asset | $6.3M | $4.6M | |
| Write off of unamortized debt issuance costs from loan defeasance | $240.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Chiron Real Estate Inc. sits at the top of its group. 182 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Chiron Real Estate Inc.
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on Chiron Real Estate Inc., latest Jul 31, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Chiron Real Estate Inc., latest Mar 26, 2026 (4 filings since Feb 10, 2022)
- Prudential Financial Filed SCHEDULE 13G/A on Chiron Real Estate Inc., latest Nov 14, 2025 (2 filings since May 15, 2025)
- BlackRock Filed SC 13G/A on Chiron Real Estate Inc., latest Jan 25, 2024 (3 filings since Feb 3, 2022)
- Chiron Real Estate Inc. Bethesda, Maryland, United States
- Chiron Real Estate GP LLC Subsidiary · Delaware, United States
- GLOBAL MEDICAL REIT L.P. Subsidiary · Bethesda, Maryland, United States
- GMR Albertville, LLC Subsidiary · Delaware, United States
- GMR Altoona, LLC Subsidiary · Delaware, United States
- GMR Amarillo, LLC Subsidiary · Delaware, United States
- GMR Asheville, LLC Subsidiary · Delaware, United States
- GMR Athens-200, LLC Subsidiary · Delaware, United States
- GMR Athens-600, LLC Subsidiary · Delaware, United States
- GMR Aurora, LLC Subsidiary · Delaware, United States
- GMR Austin, LLC Subsidiary · Delaware, United States
- GMR Bannockburn, LLC Subsidiary · Delaware, United States
- GMR Bastrop, LLC Subsidiary · Delaware, United States
- GMR Beaumont, LLC Subsidiary · Delaware, United States
- GMR Belpre, LLC Subsidiary · Delaware, United States
- GMR Bountiful, LLC Subsidiary · Delaware, United States
- GMR Bradenton 2101 61st Street, LLC Subsidiary · Delaware, United States
- GMR Bradenton 2203 61st Street, LLC Subsidiary · Delaware, United States
- GMR Bradenton 53rd Avenue, LLC Subsidiary · Delaware, United States
- GMR Bradenton Pointe West, LLC Subsidiary · Delaware, United States
- GMR Brockport, LLC Subsidiary · Delaware, United States
- GMR Caledonia, LLC Subsidiary · Delaware, United States
- GMR Canandaigua, LLC Subsidiary · Delaware, United States
- GMR Cape Coral Southeast, LLC Subsidiary · Delaware, United States
- GMR Cape Coral Viscaya 1255, LLC Subsidiary · Delaware, United States
- GMR Cape Coral Viscaya 1261, LLC Subsidiary · Delaware, United States
- and 156 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Chiron Real Estate Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $169.9M6 Dec 31, 2025 | $174.3M6 Dec 31, 2024 | −2.5% |
| Buildings and improvements | $25.7M6 Dec 31, 2025 | $24.0M6 Dec 31, 2024 | +7.4% |
| Property and equipment, before depreciation | $1.5B6 Dec 31, 2025 | $1.5B6 Dec 31, 2024 | +2.9% |
| Operating-lease assets (leased space) | $13.1M6 Dec 31, 2025 | $7.3M6 Dec 31, 2024 | +80.2% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $1.2B6 Dec 31, 2025 | $1.2B6 Dec 31, 2024 | −0.6% |
| Real estate investments, at cost | $1.5B6 Dec 31, 2025 | $1.5B6 Dec 31, 2024 | +2.9% |
| Real estate accumulated depreciation | $338.1M6 Dec 31, 2025 | $288.9M6 Dec 31, 2024 | +17.0% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $5.9M6 Dec 31, 2025 | $5.9M6 Dec 31, 2024 | 0% |
| Finite-lived intangibles, gross | $144.6M6 Dec 31, 2025 | $138.9M6 Dec 31, 2024 | +4.1% |
| Accumulated amortization | $98.6M6 Dec 31, 2025 | $85.2M6 Dec 31, 2024 | +15.6% |
| Finite-lived intangibles, net | $46.0M6 Dec 31, 2025 | $53.7M6 Dec 31, 2024 | −14.3% |
Properties, in its own words
The information set forth under the caption “Our Properties” in Item 1 of this Annual Report on Form 10-K is incorporated by reference herein.
Item 2 of the 10-K filed Mar 2, 2026.5
Leadership
Who has led Chiron Real Estate Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
201520202025
- Chief executive officerJeffrey Busch Oct 12, 2017 to Feb 27, 202514
- Chief executive officerConn Flanigan Oct 8, 2013 to Oct 8, 201315
- ChairJeffrey Busch Jul 6, 2016 to Feb 27, 202516
- PresidentJeffrey Busch Jul 6, 2016 to Feb 27, 202516
- Chief financial officerRobert J. Kiernan Aug 25, 2017 to now17
- Chief financial officerConn Flanigan Oct 8, 2013 to Oct 8, 201315
- Chief operating officerAaron Robert Roseth Jul 17, 2026 to now18
- Chief operating officerDanica Holley Apr 8, 2016 to Jul 17, 202619
Board members and other officers (20)
- OfficerRobert Harold Zeiller Jul 17, 2026 to now20
- Chief Investment OfficerMatthew Fitzsimmons Whitlock Aug 5, 2026 to now21
- Chief Administrative OfficerDanica Holley Aug 31, 2026 to now22
- Senior Vice PresidentAllen Webb Jun 16, 2016 to Mar 5, 202023
- Chief Investment OfficerAlfonzo Leon Jul 9, 2015 to now24
- Board memberAaron Robert Roseth Aug 13, 2026 to now25
- Board memberLori Wittman May 31, 2018 to now26
- Board memberPaula Crowley Jun 15, 2018 to now27
- Board memberHuiqi Zhang Apr 8, 2016 to Dec 31, 201828
- Board memberMatthew Cypher Apr 8, 2016 to now29
- Board memberKurt R. Harrington Apr 11, 2016 to Aug 15, 201730
- Board memberJing Guo Zhang Sep 1, 2015 to Dec 18, 201831
- Board memberHenry Cole Sep 2, 2015 to now32
- Board memberRonald Marston Sep 2, 2015 to now33
- Board memberYufei Qin Sep 4, 2015 to Sep 4, 201534
- Board memberFai Chan Apr 25, 2014 to Apr 29, 201435
- Board memberJeffrey Busch Oct 1, 2014 to Oct 1, 201436
- Board memberConn Flanigan Oct 8, 2013 to Oct 8, 201315
- General counselJamie Allen Barber May 9, 2017 to now37
- General counselConn Flanigan Jul 14, 2016 to Dec 22, 201638
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Chiron Real Estate GP LLC Delaware4
- Chiron Real Estate LP Delaware4
- GMR Albertville, LLC Delaware4
- GMR Altoona, LLC Delaware4
- GMR Amarillo, LLC Delaware4
- GMR Asheville, LLC Delaware4
- GMR Athens-200, LLC Delaware4
- GMR Athens-600, LLC Delaware4
- GMR Aurora, LLC Delaware4
- GMR Austin, LLC Delaware4
- GMR Bannockburn, LLC Delaware4
- GMR Bastrop, LLC Delaware4
- GMR Beaumont, LLC Delaware4
- GMR Belpre, LLC Delaware4
- GMR Bountiful, LLC Delaware4
- GMR Bradenton 2101 61st Street, LLC Delaware4
- GMR Bradenton 2203 61st Street, LLC Delaware4
- GMR Bradenton 53rd Avenue, LLC Delaware4
- GMR Bradenton Pointe West, LLC Delaware4
- GMR Brockport, LLC Delaware4
- GMR Caledonia, LLC Delaware4
- GMR Canandaigua, LLC Delaware4
- GMR Cape Coral Southeast, LLC Delaware4
- GMR Cape Coral Viscaya 1255, LLC Delaware4
All 181 listed subsidiaries
- GMR Cape Coral Viscaya 1261, LLC Delaware4
- GMR Cape Coral Viscaya 1265, LLC Delaware4
- GMR Cape Coral, LLC Delaware4
- GMR Cape Girardeau, LLC Delaware4
- GMR Carson City, LLC Delaware4
- GMR Centerville, LLC Delaware4
- GMR Cerritos, LLC Delaware4
- GMR Chandler Dobson, LLC Delaware4
- GMR Chandler Pecos I, LLC Delaware4
- GMR Chandler Pecos II, LLC Delaware4
- GMR Chandler Val Vista I, LLC Delaware4
- GMR Cincinnati Beechmont, LLC Delaware4
- GMR Clermont, LLC Delaware4
- GMR Clinton Township, LLC Delaware4
- GMR Clinton, LLC Delaware4
- GMR Clive, LLC Delaware4
- GMR Conway, LLC Delaware4
- GMR Coos Bay, LLC Delaware4
- GMR Corona, LLC Delaware4
- GMR Dallas North Central, LLC Delaware4
- GMR Danville, LLC Delaware4
- GMR Decatur, LLC Delaware4
- GMR Derby, LLC Delaware4
- GMR Des Moines EN, LLC Delaware4
- GMR Des Moines West, LLC Delaware4
- GMR Dumfries, LLC Delaware4
- GMR East Dallas Hospital, LLC Delaware4
- GMR East Dallas Land, LLC Delaware4
- GMR East Grand Forks, LLC Delaware4
- GMR East Orange, LLC Delaware4
- GMR East Venice, LLC Delaware4
- GMR El Paso, LLC Delaware4
- GMR Ellijay, LLC Delaware4
- GMR Fairbanks, LLC Delaware4
- GMR Fairfax Hamaker, LLC Delaware4
- GMR Fairfax, LLC Delaware4
- GMR Flower Mound, LLC Delaware4
- GMR Forsyth 241 Weaver, LLC Delaware4
- GMR Forsyth 389 Weaver, LLC Delaware4
- GMR Fort Myers Camelot, LLC Delaware4
- GMR Fort Myers Park Royal, LLC Delaware4
- GMR Fort Worth Overton Ridge, LLC Delaware4
- GMR Fort Worth, LLC Delaware4
- GMR Frankfort, LLC Delaware4
- GMR Fremont, LLC Delaware4
- GMR Gainesville Sherwood, LLC Delaware4
- GMR Gainesville, LLC Delaware4
- GMR Gilbert, LLC Delaware4
- GMR Glenview, LLC Delaware4
- GMR Grand Rapids Beltline, LLC Delaware4
- GMR Grand Rapids Main, LLC Delaware4
- GMR Grand Rapids Walker, LLC Delaware4
- GMR Grand Rapids Wilson, LLC Delaware4
- GMR Greenwood Emerson, LLC Delaware4
- GMR Greenwood, LLC Delaware4
- GMR Hermitage Garden Way, LLC Delaware4
- GMR Hialeah, LLC Delaware4
- GMR High Point, LLC Delaware4
- GMR Hudson, LLC Delaware4
- GMR JV Manager l, LLC Delaware4
- GMR Jackson, LLC Delaware4
- GMR Jacksonville Ponte Vedra, LLC Delaware4
- GMR Jacksonville Riverside, LLC Delaware4
- GMR Lake Geneva, LLC Delaware4
- GMR Lancaster, LLC Delaware4
- GMR Lansing Jolly 3390, LLC Delaware4
- GMR Lansing Jolly 3394, LLC Delaware4
- GMR Lansing Jolly 3400, LLC Delaware4
- GMR Lansing Patient, LLC Delaware4
- GMR Las Cruces, LLC Delaware4
- GMR Las Vegas Pecos, LLC Delaware4
- GMR Las Vegas Warm Springs, LLC Delaware4
- GMR Las Vegas, LLC Delaware4
- GMR Lee's Summit Northeast, LLC Delaware4
- GMR Lee's Summit, LLC Delaware4
- GMR Lemoyne, LLC Delaware4
- GMR Lewisburg, LLC Delaware4
- GMR Little Rock, LLC Delaware4
- GMR Livonia, LLC Delaware4
- GMR London, LLC Delaware4
- GMR Lubbock, LLC Delaware4
- GMR McAllen, LLC Delaware4
- GMR Mechanicsburg, LLC Delaware4
- GMR Melbourne Pine, LLC Delaware4
- GMR Melbourne, LLC Delaware4
- GMR Memphis Exeter, LLC Delaware4
- GMR Memphis, LLC Delaware4
- GMR Mentor, LLC Delaware4
- GMR Mesa, LLC Delaware4
- GMR Minot, LLC Delaware4
- GMR Moline, LLC Delaware4
- GMR Morgantown, LLC Delaware4
- GMR Munster, LLC Delaware4
- GMR North Charleston, LLC Delaware4
- GMR Oklahoma City A, LLC Delaware4
- GMR Oklahoma City, LLC Delaware4
- GMR Oklahoma Northwest, LLC Delaware4
- GMR Omaha, LLC Delaware4
- GMR Orlando, LLC Delaware4
- GMR Panama City Chipley, LLC Delaware4
- GMR Panama City PCB, LLC Delaware4
- GMR Panama City, LLC Delaware4
- GMR Paris, LLC Delaware4
- GMR Pensacola Davis, LLC Delaware4
- GMR Pensacola Grande, LLC Delaware4
- GMR Pensacola Market, LLC Delaware4
- GMR Pittsburgh, LLC Delaware4
- GMR Plano, LLC Delaware4
- GMR Plymouth, LLC Delaware4
- GMR Port St. Lucie, LLC Delaware4
- GMR Reading, LLC Delaware4
- GMR Redding Butte, LLC Delaware4
- GMR Redding Churn Creek, LLC Delaware4
- GMR Rocky Point, LLC Delaware4
- GMR Rosedale 5233, LLC Delaware4
- GMR Rosedale 5235, LLC Delaware4
- GMR Ruskin, LLC Delaware4
- GMR Russellville, LLC Delaware4
- GMR Saint George, LLC Delaware4
- GMR San Marcos, LLC Delaware4
- GMR Sandusky, LLC Delaware4
- GMR Sarasota Clark, LLC Delaware4
- GMR Sarasota, LLC Delaware4
- GMR Sheboygan, LLC Delaware4
- GMR Sherman, LLC Delaware4
- GMR Silvis, LLC Delaware4
- GMR Slippery Rock, LLC Delaware4
- GMR Somerset, LLC Delaware4
- GMR South Bend, LLC Delaware4
- GMR Southern IL Carbondale, LLC Delaware4
- GMR Southern IL Shiloh 1191, LLC Delaware4
- GMR Southern IL Shiloh 1197, LLC Delaware4
- GMR Southern IL, LLC Delaware4
- GMR Spartanburg, LLC Delaware4
- GMR Spring Hill County Line, LLC Delaware4
- GMR Spring Hill Medical Center, LLC Delaware4
- GMR Surprise, LLC Delaware4
- GMR Syracuse, LLC Delaware4
- GMR Tallahassee, LLC Delaware4
- GMR Toledo, LLC Delaware4
- GMR Tucson Carondelet, LLC Delaware4
- GMR Tucson Silverbell, LLC Delaware4
- GMR Venice, LLC Delaware4
- GMR Vernon Keynote, LLC Delaware4
- GMR Vernon, LLC Delaware4
- GMR Watertown, LLC Delaware4
- GMR West Allis, LLC Delaware4
- GMR West El Paso, LLC Delaware4
- GMR Westland Central City, LLC Delaware4
- GMR Westland, LLC Delaware4
- GMR Winston-Salem, LLC Delaware4
- GMR Wyomissing, LLC Delaware4
- GMR Yuma 20, LLC Delaware4
- GMR Yuma 25, LLC Delaware4
- GMR Zachary, LLC Delaware4
- GMRE TRS I, LLC Delaware4
- Inter-American Management LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Oct 5, 20268-K Completed an acquisition or sale; New debt or obligation41
- Aug 17, 20268-K Completed an acquisition or sale; Other events42
- Aug 5, 20268-K Results of operations; Regulation FD disclosure43
- Aug 3, 20268-K Executive or director change44
- Jul 17, 20268-K Executive or director change45
- Jul 6, 20268-K Regulation FD disclosure46
- Jul 2, 20268-K Entered a material agreement; Completed an acquisition or sale47
- Jun 2, 20268-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation48
- May 20, 20268-K Executive or director change; Shareholder vote; Regulation FD disclosure49
- May 8, 20268-K Entered a material agreement; Unregistered sale of shares50
- May 6, 20268-K Entered a material agreement; Results of operations; Regulation FD disclosure51
- Mar 13, 20268-K Entered a material agreement; Bylaws or fiscal year changed; Other events52
- Oct 12, 2017New chief executive Jeffrey Busch becomes CEO14
- Jan 6, 2014Founded Chiron Real Estate Inc. is founded2
- Oct 8, 2013New chief executive Conn Flanigan becomes CEO15
Calendar
Coming up
- Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.12 a share, on Nov 4, 2025.53
When it reported results
- Aug 5, 2026Reported quarterly or annual results43
- May 6, 2026Reported quarterly or annual results51
- Feb 25, 2026Reported quarterly or annual results54
- Nov 4, 2025Reported quarterly or annual results55
- Aug 5, 2025Reported quarterly or annual results56
- May 7, 2025Reported quarterly or annual results57
- Feb 27, 2025Reported quarterly or annual results58
- Nov 6, 2024Reported quarterly or annual results59
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
247 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 62 major events, 110 insider forms, 10 large holders, 6 private raises, 39 other. The latest 20:
- Oct 5, 20268-K EDGAR
- Aug 31, 20264 EDGAR
- Aug 31, 20264 EDGAR
- Aug 31, 20264 EDGAR
- Aug 31, 20264 EDGAR
- Aug 31, 20264 EDGAR
- Aug 31, 20264 EDGAR
- Aug 31, 20264 EDGAR
- Aug 17, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 17, 20268-K/A EDGAR
- Aug 13, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 13, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 13, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 13, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 12, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 12, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 5, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 5, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 5, 20264 OWNERSHIP DOCUMENT EDGAR
The 247 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
28 open-market trades by officers, directors and large owners since October 2021: 26 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | Whitlock Matthew FitzsimmonsChief Investment Officer | Buy | 500 | $36.38 | $18.2K | Form 4 |
| Aug 14, 2026 | Whitlock Matthew FitzsimmonsChief Investment Officer | Buy | 500 | $37.21 | $18.6K | Form 4 |
| Aug 12, 2026 | Roseth Aaron RobertCOO | Buy | 13,500 | $36.73 | $495.9K | Form 4 |
| Aug 11, 2026 | Decker Mark Okey JrCEO and President | Buy | 6,875 | $35.92 | $246.9K | Form 4 |
| Aug 11, 2026 | Decker Mark Okey JrCEO and President | Buy | 550 | $36.00 | $19.8K | Form 4 |
| Aug 11, 2026 | Fitzgerald CharlesDirector | Buy | 14,000 | $35.78 | $500.9K | Form 4 |
| Aug 10, 2026 | Decker Mark Okey JrCEO and President | Buy | 8,000 | $35.88 | $287.0K | Form 4 |
| Aug 10, 2026 | Fitzgerald CharlesDirector | Buy | 27,600 | $35.94 | $991.9K | Form 4 |
| May 14, 2026 | Cypher MatthewDirector | Buy | 1,420 | $35.12 | $49.9K | Form 4 |
| May 12, 2026 | Wittman LoriDirector | Buy | 2,940 | $33.85 | $99.5K | Form 4 |
| May 12, 2026 | Marston RonaldDirector | Buy | 1,500 | $34.07 | $51.1K | Form 4 |
| May 12, 2026 | Barber Jamie AllenGeneral Counsel and Secretary | Buy | 1,481 | $33.50 | $49.6K | Form 4 |
| May 12, 2026 | Holley DanicaChief Administrative Officer | Buy | 1,490 | $33.99 | $50.6K | Form 4 |
| May 12, 2026 | Decker Mark Okey JrCEO and President | Buy | 5,000 | $33.94 | $169.7K | Form 4 |
| May 11, 2026 | KIERNAN ROBERT JCFO and Treasurer | Buy | 3,000 | $33.49 | $100.5K | Form 4 |
| May 11, 2026 | Crowley PaulaDirector | Buy | 1,000 | $34.00 | $34.0K | Form 4 |
| May 11, 2026 | Cole HenryDirector | Buy | 583 | $34.31 | $20.0K | Form 4 |
| Dec 5, 2025 | Decker Mark Okey JrCEO and President | Buy | 10,000 | $32.51 | $325.1K | Form 4 |
| Nov 14, 2025 | KIERNAN ROBERT JCFO and Treasurer | Buy | 3,000 | $31.91 | $95.7K | Form 4 |
| Nov 14, 2025 | Decker Mark Okey JrCEO and President | Buy | 10,000 | $32.58 | $325.8K | Form 4 |
All 28 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Jul 31, 202660
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 10, 2022 to Mar 26, 202661
- Prudential FinancialSCHEDULE 13G/A, 2 filings May 15, 2025 to Nov 14, 202562
- BlackRockSC 13G/A, 3 filings Feb 3, 2022 to Jan 25, 202463
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Mark DeckerJr. | 50 | $371.4K | $1.8M64 |
| 2025 | Robert Kiernan | 60 | $400.0K | $1.5M64 |
| 2025 | Alfonzo Leon | 50 | $375.0K | $1.5M64 |
| 2025 | Danica Holley | 53 | $325.0K | $987.5K64 |
| 2025 | Jamie Barber | 49 | $290.0K | $906.4K64 |
| 2025 | Jeffrey Busch | 68 | $328.6K | $328.6K64 |
| 2024 | Former Chief Executive OfficerChairman | $700.0K | $2.5M64 | |
| 2024 | Chief Financial Officer | $400.0K | $1.5M64 | |
| 2024 | Chief Investment Officer | $375.0K | $1.5M64 | |
| 2024 | Chief Operating Officer | $325.0K | $976.0K64 | |
| 2024 | General Counsel & Corporate Secretary | $290.0K | $896.1K64 | |
| 2023 | Former Chief Executive OfficerChairman | $700.0K | $2.2M64 | |
| 2023 | Chief Financial Officer | $400.0K | $1.4M64 | |
| 2023 | Chief Investment Officer | $375.0K | $1.3M64 | |
| 2023 | Chief Operating Officer | $325.0K | $935.8K64 | |
| 2023 | General Counsel & Corporate Secretary | $290.0K | $872.7K64 |
Money raised
Private offerings the company reported to the SEC on Form D.
- May 29, 2026Raised $100 million in a private offering of equity Form D: 7 investors so far Form D
- Jan 14, 2022Raised $600,250 in a private offering of equity Form D: 1 investor so far Form D
- Aug 6, 2021Raised $168,251 in a private offering of equity Form D: 1 investor so far Form D
- Jun 21, 2021Raised $463,200 in a private offering of equity Form D: 1 investor so far Form D
- May 28, 2021Raised $295,229 in a private offering of equity Form D: 2 investors so far Form D
- Dec 23, 2020Raised $2.7 million in a private offering of equity Form D: 1 investor so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Chiron Real Estate Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARChiron Real Estate Inc.1
- CIK0001533615
- Employer ID (EIN)46-47572665
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inMaryland5
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address7373 Wisconsin Avenue, Suite 800, Bethesda, MD 208141
- Phone202-524-68511
- Shares outstanding13,237,830 as of Aug 3, 202612
- Public float$436.0M as of Jun 30, 20255
- AuditorDeloitte & Touche LLP, McLean, VA PCAOB ID 34; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceOct 28, 20111
- Filings699 in all: 4 (225), 8-K (185), 10-Q (44), 3 (31), 424B5 (24), CORRESP (15), 10-K (14), 8-K/A (14)1
All 46 form types
UPLOAD (14), D (11), DEF 14A (10), SC 13G/A (10), DEFA14A (9), SC 13D (9), SC 13D/A (9), 10-K/A (6), EFFECT (5), NT 10-Q (5), S-11/A (5), S-8 (5), SC 13G (5), 10-Q/A (4), ARS (4), 144 (3), 8-A12B (3), S-1/A (3), S-3 (3), 424B3 (2), CERTNYS (2), FWP (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 10-KT (1), 4/A (1), 424B4 (1), CERT (1), DEF 14C (1), NT 10-K (1), POS AM (1), POSASR (1), PRE 14C (1), S-1 (1), S-11 (1), S-11MEF (1), S-3/A (1), S-3ASR (1)
- Latest filingsAnnual report (10-K) Mar 2, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Apr 8, 2026
Latest 8-K (8-K) Oct 5, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.001 per share | XRN | NYSE |
| Series A Preferred Stock, par value $0.001 per share | XRN PrA | NYSE |
| Series B Preferred Stock, par value $0.001 per share | XRN PrB | NYSE |
From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Chiron Real Estate Inc. names in Item 1A of its 10-K filed Mar 2, 2026: 63 risks under these headings, as written.5
- Risks Related to our Business and Healthcare Facilities
- We are dependent on our tenants for our revenues. Our tenants face a wide range of business risks, including economic, competitive, government reimbursement and regulatory risks, any of which could cause our tenants to be unable to pay rent to us.
- Our assets are concentrated in healthcare-related facilities, making us more economically vulnerable to specific industry-related risks than if our assets were diversified across different industries.
- The inability of any of our significant tenants to pay rent to us could have a disproportionate negative effect on our business.
- Our leases are generally medium-to-long-term leases with annual rent escalators, however, some of our debt financing is subject to floating interest rates. Recent increases in interest rates have not been matched by an increase in our rent payments, which has exposed us to a funding imbalance.
- The bankruptcy of any of our tenants could bar our efforts to collect pre-bankruptcy debts from the tenant or evict the tenant and take back control of the property.
- The physical effects of climate change could have a material adverse effect on our properties.
- Adverse economic or other conditions in our geographic markets could negatively affect our tenants’ ability to pay rent to us.
- Most of our healthcare facilities are occupied by a single tenant, and we may have difficulty finding suitable replacement tenants in the event of a tenant default or non-renewal of our leases, especially for our healthcare facilities located in smaller markets.
- We have significant geographic concentration in a small number of states, including Texas, Florida, Ohio, Arizona, Pennsylvania, and Illinois. Economic and other conditions that negatively affect those states and our tenants in those states could have a greater effect on our revenues than if our properties were more geographically diverse.
- We may be unable to successfully enter into definitive purchase or sale agreements for, or close the acquisition or sale of, the properties in our investment pipeline or our portfolio.
- Our use of joint ventures may limit our returns on and our flexibility with jointly owned investments.
The other 52 risks
- Our property development joint venture (See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Recent Developments― Inaugural Active Adult Investment,”) and future development joint ventures, property redevelopment and tenant improvement risks can render a project less profitable or unprofitable and delay or prevent its undertaking or completion.
- We may obtain only limited warranties when we purchase a property, which, in turn, would only provide us with limited recourse against the seller if issues arise after our purchase of a property.
- Our healthcare buildings that are subject to ground leases could restrict our use of such healthcare facilities.
- Our healthcare facilities and our tenants may be unable to compete successfully, which could negatively affect our tenants’ businesses and ability to pay rent to us.
- We may incur uninsured losses or losses in excess of our insurance coverage, which may result in us having to absorb all or a portion of such loss.
- We may incur environmental compliance costs and liabilities associated with owning, leasing, developing and operating our healthcare facilities.
- The income from certain of our properties is dependent on the ability of our property managers to successfully manage those properties.
- We, our tenants, and our property managers face risks associated with security breaches through cyber-attacks, cyber-intrusions, or otherwise, as well as other significant disruptions of information technology networks and related systems.
- Risks Related to our Financings
- We finance a portion of our portfolio with unhedged floating-rate debt from our Credit Facility. Since 2022, market interest rates have increased, which materially increased the interest rate on our floating rate debt. In addition to interest rate risk, we are subject to additional risks associated with our Credit Facility generally, including covenant restrictions.
- Our interest rate hedges may not be successful in mitigating our interest rate risks.
- We finance our healthcare facilities with term indebtedness, and we may place term indebtedness on our healthcare facilities in the future. We may not be able to refinance such debt when due or may be unable to refinance such debt on favorable terms.
- We rely on external sources of capital to fund future capital needs, and, if we encounter difficulty in obtaining such capital, we may not be able to make future acquisitions necessary to grow our business or meet maturing obligations.
- Risks Related to the Healthcare Industry
- Adverse trends in the healthcare industry may negatively affect our tenants’ businesses.
- The healthcare industry is heavily regulated, and new laws or regulations, changes to existing laws or regulations, loss of licensure or failure to obtain licensure could result in the inability of our tenants to make rent payments to us.
- Reductions in reimbursement from third-party payors, including Medicare and Medicaid, could adversely affect the profitability of our tenants and hinder their ability to make rent payments to us or renew their leases.
- Our tenants may be subject to significant legal actions that could subject them to increased operating costs and substantial uninsured liabilities, which may affect their ability to pay their rent payments to us, and we could also be subject to healthcare industry violations.
- Risks Related to the Real Estate Industry
- Changes in the general real estate market conditions may adversely affect us.
- Illiquidity of real estate investments could significantly impede our ability to respond to adverse changes in the performance of our healthcare facilities.
- Uncertain market conditions could cause us to sell our healthcare facilities at a loss in the future.
- Our assets may become subject to impairment charges.
- Risks Related to Our Structure
- We have no direct operations and rely on funds received from our Operating Partnership and its subsidiaries to meet our obligations.
- Subject to certain requirements under Maryland law and REIT requirements, the Board has sole discretion to determine if we will pay distributions and the amount and frequency of such distributions, and past distribution amounts may not be indicative of future distribution amounts.
- Our use of OP Units as currency to acquire healthcare facilities could result in stockholder dilution and/or limit our ability to sell such healthcare facilities, which could have a material adverse effect on us.
- Our Operating Partnership may issue additional OP Units to third parties without the consent of our stockholders, which would reduce our ownership percentage in our Operating Partnership and could have a dilutive effect on the amount of distributions made to us by our Operating Partnership and, therefore, the amount of distributions we can make to our stockholders.
- We may be unable to maintain effective internal control over financial reporting.
- Conflicts of interest could arise because of our UPREIT structure.
- Our charter restricts the ownership and transfer of our outstanding shares of stock which may have the effect of delaying, deferring or preventing a transaction or change of control of our company.
- Certain provisions of Maryland law could inhibit changes of control, which may discourage third parties from conducting a tender offer or seeking other change of control transactions that could involve a premium price for shares of our common stock or that our stockholders otherwise believe to be in their best interests.
- We could increase the number of authorized shares of common and preferred stock, classify and reclassify unissued shares and issue shares without stockholder approval.
- We may change our business, investment, and financing strategies without stockholder approval.
- Our rights and the rights of our stockholders to take action against our directors and officers are limited, which could limit your recourse in the event that we take certain actions which are not in your best interests.
- Certain provisions in the partnership agreement of our Operating Partnership may delay or prevent unsolicited acquisitions of us.
- We may be unable to obtain or retain key personnel or continue to remain appropriately staffed.
- Risks Related to Our Qualification and Operation as a REIT
- Failure to remain qualified as a REIT would cause us to be taxed as a regular corporation, which would substantially reduce funds available for distributions to our stockholders.
- Even if we continue to qualify as a REIT, we may face other tax liabilities that could reduce our cash flows and negatively impact our results of operations and financial condition.
- Failure to make required distributions would subject us to U.S. federal corporate income tax.
- Recharacterization of sale-leaseback transactions may cause us to lose our REIT status.
- Our qualification as a REIT could be jeopardized as a result of our interests in joint ventures.
- Complying with REIT requirements may cause us to forego otherwise attractive opportunities or liquidate otherwise attractive investments.
- Certain taxes may limit our ability to dispose of our healthcare facilities.
- We may pay taxable dividends in our common stock and cash, in which case stockholders may sell shares of our common stock to pay tax on such dividends, placing downward pressure on the market price of our common stock.
- The ability of the Board to revoke our REIT qualification without stockholder approval may cause adverse consequences to our stockholders.
- Our ownership of our TRS is subject to limitations and our transactions with our TRS will cause us to be subject to a 100% penalty tax on certain income or deductions if those transactions are not conducted on arm’s-length terms.
- The formation of a TRS lessee would increase our overall tax liability.
- If leases of our healthcare facilities are not respected as true leases for U.S. federal income tax purposes, we would fail to qualify as a REIT and would be subject to higher taxes and have less cash available for distribution to our stockholders.
- If a TRS lessee failed to qualify as a TRS or the facility operators engaged by a TRS lessee did not qualify as “eligible independent contractors,” we could fail to qualify as a REIT and would be subject to higher taxes and have less cash available for distribution to our stockholders.
- You may be restricted from acquiring or transferring certain amounts of our common stock.
- Dividends payable by REITs do not qualify for the reduced tax rates available for some dividends.
- We may be subject to adverse legislative or regulatory tax changes.
- If our Operating Partnership failed to qualify as a partnership for U.S. federal income tax purposes, we would cease to qualify as a REIT and suffer other adverse consequences.
- Tax protection agreements may limit our ability to sell or otherwise dispose of certain properties and may require our Operating Partnership to maintain certain debt levels that otherwise would not be required to operate our business.
- General Risk Factors
- Artificial intelligence and other machine learning techniques could increase competitive, operational, legal and regulatory risks to our business in ways that we cannot predict.
Legal proceedings
From time to time, we are party to various lawsuits, claims and other legal proceedings that arise in the ordinary course of our business. We are not currently a party, as plaintiff or defendant, to any legal proceedings which, individually or in the aggregate, we expect to have a material effect on our business, financial condition, or results of operations if determined adversely to us.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARJeffrey Busch, Chair
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- 20SEC EDGARRobert Harold Zeiller, Officer
- 21
- 22
- 23SEC EDGARAllen Webb, Senior Vice President
- 24
- 25SEC EDGARAaron Robert Roseth, Board member
- 26SEC EDGARLori Wittman, Board member
- 27SEC EDGARPaula Crowley, Board member
- 28SEC EDGARHuiqi Zhang, Board member
- 29SEC EDGARMatthew Cypher, Board member
- 30SEC EDGARKurt R. Harrington, Board member
- 31SEC EDGARJing Guo Zhang, Board member
- 32SEC EDGARHenry Cole, Board member
- 33SEC EDGARRonald Marston, Board member
- 34SEC EDGARYufei Qin, Board member
- 35SEC EDGARFai Chan, Board member
- 36SEC EDGARJeffrey Busch, Board member
- 37SEC EDGARJamie Allen Barber, General counsel
- 38SEC EDGARConn Flanigan, General counsel
- 39
- 40
- 41
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- 44SEC EDGARExecutive or director change
- 45SEC EDGARExecutive or director change
- 46SEC EDGARRegulation FD disclosure
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- 53NasdaqNasdaq calendar
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