Chiron Real Estate (XRN)
Acquires and leases medical office buildings and surgical hospitals to regional health systems.
Something off on this page? Send us feedback.
Owns purpose-built medical office buildings, inpatient rehab facilities, and surgical hospitals, leasing them under mostly triple-net terms to regional and national health systems and physician groups. Rent is diversified across many tenants and states, with no single tenant contributing more than a small share of annualized income.
Owns purpose-built healthcare real estate anchored on outpatient medical office buildings, with additional exposure to inpatient rehabilitation facilities, surgical hospitals, and acute-care and behavioral hospitals. The portfolio spans roughly 190 buildings, leased mostly under triple-net terms to regional and national health systems and physician groups across dozens of states.
No single tenant contributes more than a small share of rent, and multi-year leases carry built-in annual escalators, producing a base of long-duration, contractually growing income.
The company began as a Nevada shell before re-forming into a Maryland real estate investment trust and listing on the New York Stock Exchange in 2016. It later internalized its external manager and, under new leadership, renamed itself from Global Medical REIT to Chiron Real Estate, broadening its mandate into adjacent essential-healthcare property types such as senior living.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Cantor Fitzgerald | Initiate | Rating: —Target: — | Target: $43 |
| Jul 12, 2026 | BMO Capital | Reiterate | Rating: —Target: $39 | Target: $40 |
| Jul 1, 2026 | Industrial Alliance Securities | Target | Target: $40 | Target: $43 |
| May 18, 2026 | BMO Capital | Reiterate | Rating: —Target: — | Target: $39 |
| May 7, 2026 | Industrial Alliance Securities | Target | Target: — | Target: $40 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $10.7M · Total debt $636.9M · Total assets $1.37B · Shareholders' equity $656.9M
- Revenue
- $39.7M
- Operating income
- $9.2M
- Net income
- $66.3M
HistoryDividendAnnual yieldUpcoming
| Insiders | 1.89% | 249.5K shares | |
|---|---|---|---|
| 12 holders · as of Aug 17, 2026 | |||
| Other | 98.11% | 12.99M shares | |
| remainder | |||
13.23M company shares as of Sep 23, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Vanguard Portfolio ManagementInstitution | 5.04% | 666,452 | filed Jul 31, 2026 |
Charles FitzgeraldInsiderdirector | 1.05% | 138,893 | filed Aug 13, 2026 |
Mark Okey Jr DeckerInsiderdirector, officer: CEO and President | 0.57% | 75,199 | filed Aug 13, 2026 |
Aaron Robert RosethInsiderdirector, officer: COO | 0.10% | 13,500 | filed Aug 13, 2026 |
Robert J. KiernanInsiderofficer: CFO and Treasurer | 0.05% | 6,000 | filed May 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Matthew Fitzsimmons Whitlock | officer: Chief Investment Officer | +500 | $36.38 |
| Aug 14, 2026 | Matthew Fitzsimmons Whitlock | officer: Chief Investment Officer | +500 | $37.21 |
| Aug 11, 2026 | Mark Okey Jr Decker | director, officer: CEO and President | +7,425 | $35.93 |
| Aug 12, 2026 | Aaron Robert Roseth | director, officer: COO | +13,500 | $36.73 |
| Aug 11, 2026 | Charles Fitzgerald | director | +14,000 | $35.78 |
- Healthcare Realty
Largest US pure-play outpatient MOB REIT, ~$10.3B portfolio, 502 properties
- Healthpeak Properties
Large-cap diversified healthcare REIT, ~55% NOI in outpatient medical
- Medical Properties Trust
Larger, hospital-focused, global net-lease REIT also hit by Steward's collapse
- Ventas
Mega-cap diversified healthcare REIT with 409-property outpatient medical arm
- American Healthcare REIT
Diversified healthcare REIT: outpatient medical, senior housing, skilled nursing
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Chiron Real Estate | $35.91 | −1.74% | $483.6M | 9.3 | — | 3.1 | −2.2% |
| Healthcare Realty | $18.08 | −0.55% | $6.38B | — | 314.3 | 5.6 | −1.8% |
| Healthpeak Properties | $20.77 | +0.83% | $14.20B | 58.9 | 104.9 | 4.8 | +10.5% |
| Medical Properties Trust | $3.57 | −2.06% | $2.18B | — | 153.8 | 2.1 | +7.9% |
| Ventas | $86.29 | −0.66% | $42.23B | 160.9 | 119.4 | 6.6 | +21.7% |
| American Healthcare REIT | $51.96 | +0.52% | $10.69B | 76.0 | 74.7 | 4.3 | +23.7% |
| Median | 76.0 | 119.4 | 4.8 | +10.5% |