Chiron Real Estate (XRN) Corporate presentation summary

Strategic priorities and portfolio repositioning

• Executing on strategic priorities by shifting portfolio toward higher-return assets.

• Completed acquisitions of SHOP assets and formed a seven-asset IRF joint venture, unlocking ~$200M for redeployment.

• Early lease-up at the Riviera is 23% occupied, Landing occupancy is 93%, and Pinnacle pre-leasing is 36% (64% for IL homes).

Recent transactions and capital allocation

• Acquired Riviera and Landing properties in June 2026, targeting double-digit unlevered returns.

• Sold IRF portfolio to a JV, generating ~$200M for reinvestment.

• Pinnacle, a marquee SHOP community, is under contract for acquisition in 2H 2026 for $176M.

• Portfolio repositioned to increase exposure to senior housing operating assets.

Financial performance and upside potential

• Achieving a valuation in line with recent public market transactions could significantly increase share price.

• Implied portfolio cap rate ranges from 7.0% to 8.9% depending on adjustments and market comps.

• Equity market capitalization as of June 30, 2026, is $434.2M, with enterprise value at $1,337M.