Chiron Real Estate: After The 36% Dividend Cut, I Still Remain Bullish
Chiron Real Estate has announced a 36% reduction in its monthly dividend to $0.16. The company is reallocating funds to expand its portfolio by acquiring three luxury senior housing communities for $425 million. Despite the dividend cut, the management remains optimistic about achieving double-digit returns in constrained markets.
- ▪Chiron Real Estate cut its monthly dividend by 36% to $0.16.
- ▪The company is investing $425 million to acquire three luxury senior housing communities.
- ▪Management is targeting double-digit unlevered internal rates of return in supply-constrained markets.
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