Global Medical REIT Inc. (GMRE)
| Market Cap | 542.72M |
| Revenue (ttm) | 136.59M |
| Net Income (ttm) | -1.40M |
| Shares Out | 69.05M |
| EPS (ttm) | -0.02 |
| PE Ratio | n/a |
| Forward PE | 147.47 |
| Dividend | $0.84 (10.69%) |
| Ex-Dividend Date | Dec 20, 2024 |
| Volume | 787,085 |
| Open | 7.69 |
| Previous Close | 7.74 |
| Day's Range | 7.68 - 7.94 |
| 52-Week Range | 7.68 - 11.59 |
| Beta | 1.25 |
| Analysts | Strong Buy |
| Price Target | 10.88 (+38.42%) |
| Earnings Date | Nov 6, 2024 |
About GMRE
Global Medical REIT Inc. (GMRE) is a net-lease medical office real estate investment trust (REIT) that owns and acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems. [Read more]
Financial Performance
In 2023, Global Medical REIT's revenue was $141.05 million, an increase of 2.74% compared to the previous year's $137.28 million. Earnings were $14.79 million, an increase of 11.04%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for GMRE stock is "Strong Buy." The 12-month stock price forecast is $10.88, which is an increase of 38.42% from the latest price.
News
Global Medical REIT Inc. Board Declares 2024 Fourth Quarter Common and Preferred Dividends
BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical real estate investment trust (REIT) that acquires healthcare facilities and leases ...
Capitalize On The Dip: Two Durable 9% Yields To Load Up Your Income Portfolio
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Global Medical REIT: Cash Flow Tracking Lower Than 9.4% Dividend Yield
Global Medical REIT's Q3-2024 results show flat rental revenue and AFFO. Steward Health Care's bankruptcy led to a new lease with CHRISTUS Health. There are a few concerns here on this high yielder, a...
Global Medical REIT, Inc. (GMRE) Q3 2024 Earnings Call Transcript
Global Medical REIT, Inc. (NYSE:GMRE) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Steve Swett - IR Jeff Busch - CEO Alfonzo Leon - CIO Bob Kiernan - CFO Conferen...
Global Medical REIT Announces Third Quarter 2024 Financial Results
BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical real estate investment trust (REIT) that acquires healthcare facilities and leases ...
MOBs, Office But No Need For Life Support
Unlike in traditional office, healthcare requires in-office interactions, which reduces the risk of ‘work from home'. Outpatient services are taking market share from inpatient (hospital) settings due...
The Ultimate Portfolio Structure For Stress-Free High Current Income
A durable income-focused portfolio strategy reduces income reduction risk and stress by prioritizing stable income over market-beating returns. In this respect, I have outlined my detailed approach fo...
Global Medical REIT Inc. Announces Dates for Third Quarter Earnings Release and Webcast
BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical real estate investment trust (REIT) that acquires healthcare facilities and leases ...
7 Dividend Stocks I'm Buying As The Recession Debate Rages
The ongoing debate on whether the economy will face a recession or achieve a soft landing continues, with mixed opinions from experts. Despite my longstanding recession prediction, the economic expans...
2 High-Income Picks That Match Peter Lynch Criteria
Peter Lynch's investment strategy focuses on undervalued, high-quality stocks with growth potential, exemplified by his introduction of the PEG ratio. I present one BDC and one equity REIT that match ...
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The stock market appears richly valued, with REITs and utilities outperforming tech stocks since the June CPI report, reflecting a defensive, yield-oriented investor shift. I plan to allocate dividend...
3 REITs Best Positioned To Benefit From Cheaper Debt
BSR REIT, Global Medical REIT, and CTO Realty have strong fundamentals, substantial variable rate debt, and deeply discounted trading multiples. Market fears of refinancing at higher rates have led to...
2 REITs With Asymmetric Payoff And Juicy Dividends
In the falling interest rate environment, duration-loaded assets thrive. Since REITs enjoy predictable cash flows from long-term agreements, they are quite sensitive to interest rate changes just as b...
Global Medical REIT's Underwriting Is Demonstrated To Be Effective
Global Medical REIT (GMRE) trades at a significant discount with a P/AFFO under 11X, compared to the healthcare REIT sector mean of 15.7X. GMRE's strong underwriting and recent lease agreements ensure...
Global Medical REIT Announces Lease with CHRISTUS Health at its Facility in Beaumont, Texas
BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical real estate investment trust (REIT) that acquires healthcare facilities and leases ...
Global Medical REIT Inc. Board Declares 2024 Third Quarter Common and Preferred Dividends
BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical real estate investment trust (REIT) that acquires healthcare facilities and leases ...
Two 9% Yielding REITs, Where It's Worth Waiting A Bit Before Buying
The current interest rate environment offers yield-seeking investors opportunities for ~ 7% yields without sacrificing quality. However, to move closer to double-digit yield territory, things become m...
Global Medical: Steward Issues Could Force Dividend Cut
GMRE Q2-2024 numbers show challenges in rental revenues and FFO despite high occupancy. Steward Health Care bankruptcy poses additional headwinds. We go over the risks for a dividend cut and tell you ...
Global Medical REIT: Stability Across The Board, But More Is Needed To Be Bullish
Q2, 2024 earnings results for Global Medical showed a decrease in FFO and AFFO compared to the prior-year quarter. The major driver for this was the relatively recently conducted dispositions, which q...
Global Medical REIT, Inc. (GMRE) Q2 2024 Earnings Call Transcript
Global Medical REIT, Inc. (NYSE:GMRE) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Stephen Swett - ICR, Investor Relations Jeffery Busch - Chairman, President and C...
Global Medical REIT Announces Second Quarter 2024 Financial Results
BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical real estate investment trust (REIT) that acquires healthcare facilities and leases ...
Picking A Winner In High-Yield REITs
REIT yields are high due to sell-off in 2022 and 2023, but REIT prices may rise if the Fed cuts rates in September as expected. Dividend safety is crucial when investing in high-yielding REITs, to avo...
Global Medical REIT Inc. Announces Dates for Second Quarter Earnings Release and Webcast
BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical real estate investment trust (REIT) that acquires healthcare facilities and leases ...