Chiron Real Estate Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 6, 2026
XRN$26.65-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements Of Cash Flows
(unaudited and in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net income (loss) | $68,200 | $(736) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation expense | 33,555 | 32,827 |
| Amortization of acquired lease intangible assets | 11,766 | 10,582 |
| Amortization of above (below) market leases, net | 378 | 505 |
| Amortization of debt issuance costs | 2,171 | 1,672 |
| Stock-based compensation expense | 4,999 | 3,086 |
| Gain on sale of investment properties | (71,622) | (1,859) |
| Impairment of investment property | — | 6,281 |
| Equity (income) loss from unconsolidated joint ventures | (484) | 123 |
| Other | (582) | 152 |
| Changes in operating assets and liabilities: | ||
| Tenant receivables | (205) | (522) |
| Deferred assets | (1,224) | (1,094) |
| Other assets and liabilities | 379 | (1,830) |
| Accounts payable and accrued expenses | 1,598 | 2,602 |
| Security deposits | 342 | 188 |
| Net cash provided by operating activities | 49,271 | 51,977 |
| Investing activities | ||
| Purchase of land, buildings, and other tangible and intangible assets and liabilities | (266,582) | (70,468) |
| Net proceeds from sale of investment properties | 213,055 | 12,695 |
| Investment in unconsolidated joint ventures | (31,301) | — |
| Real estate notes receivable | (4,278) | — |
| Distribution of capital from unconsolidated joint ventures | 323 | 97 |
| Escrow deposits for purchase of properties | (8,547) | 290 |
| Advances made to related parties | (6) | (97) |
| Capital expenditures on existing real estate investments | (10,221) | (7,860) |
| Leasing commissions | (1,530) | (1,809) |
| Net cash used in investing activities | (109,087) | (67,152) |
| Financing activities | ||
| Net proceeds received from preferred stock offering | 96,109 | — |
| Repayment of notes payable | (117) | (13,268) |
| Proceeds from Credit Facility | 269,100 | 115,400 |
| Repayment of Credit Facility | (263,275) | (40,300) |
| Payment of debt issuance costs | (17) | — |
| Dividends paid to common stockholders, and OP Unit and LTIP Unit holders | (28,762) | (41,393) |
| Dividends paid to preferred stockholders | (9,213) | (4,366) |
| Net cash provided by financing activities | 63,825 | 16,073 |
| Net increase in cash and cash equivalents and restricted cash | 4,009 | 898 |
| Cash and cash equivalents and restricted cash—beginning of period | 11,890 | 8,942 |
| Cash and cash equivalents and restricted cash—end of period | $15,899 | $9,840 |
| Supplemental cash flow information: | ||
| Cash payments for interest | $21,804 | $22,188 |
| Noncash financing and investing activities: | ||
| Accrued dividends payable | $8,928 | $12,051 |
| Interest rate swap agreements fair value change recognized in other comprehensive income (loss) | $15,284 | $(11,146) |
| LTIP Units and OP Units redeemed for common stock | $435 | $1,141 |
| Accrued capital expenditures and leasing commissions included in accounts payable and accrued expenses | $2,604 | $1,637 |
| Recognition of lease liability related to right of use asset | $163 | $6,280 |
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