Global Medical REIT Inc. (GMRE)
| Market Cap | 577.93M |
| Revenue (ttm) | 136.59M |
| Net Income (ttm) | -1.40M |
| Shares Out | 69.05M |
| EPS (ttm) | -0.02 |
| PE Ratio | n/a |
| Forward PE | 100.48 |
| Dividend | $0.84 (10.04%) |
| Ex-Dividend Date | Dec 20, 2024 |
| Volume | 804,180 |
| Open | 8.47 |
| Previous Close | 8.40 |
| Day's Range | 8.31 - 8.47 |
| 52-Week Range | 7.33 - 10.46 |
| Beta | 1.28 |
| Analysts | Strong Buy |
| Price Target | 10.88 (+29.99%) |
| Earnings Date | Feb 27, 2025 |
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 29.99% from the latest price.
News
Global Medical REIT Inc. Announces Dates for 2024 Fourth Quarter and Year-End Earnings Release and Webcast
BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. Announces Dates for 2024 Fourth Quarter and Year-End Earnings Release and Webcast.
Global Medical REIT: Undervalued With Strong Rent Coverage And Occupancy
Global Medical REIT offers a quality portfolio of healthcare facilities with long-term, triple-net leases, benefiting from favorable demographic trends and a strong tenant base. GMRE's current discoun...
Global Medical REIT Reports Tax Treatment of 2024 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 ...
Global Medical REIT: Attractive Valuation Despite Refinancing Headwinds
Global Medical REIT primarily invests in outpatient medical facilities, with the company's largest markets being Texas, Florida, and Ohio. The REIT should generate marginally higher AFFO in 2025 thank...
Global Medical REIT Announces Succession Plan
BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Announces Succession Plan Chief Executive Officer Transition Expected in 2025.
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
High-yield stocks can fall due to non-dividend sustainability reasons, presenting opportunities for income investors to lock in attractive yields. In this article, I have identified two picks, which n...
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 ...
8 Dividend Stocks I'm Buying In October (Including A New Holding)
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 ...
