Global Medical REIT

Global Medical REIT, Inc. engages in the acquisition of purpose-built healthcare facilities and leasing of those properties to strong healthcare systems and physician groups. The company was founded on March 18, 2011 and is headquartered in Bethesda, MD.

Earnings data Q1 2021

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Earnings data Q1 2022

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Global Medical REIT reports revenue growth and debt reduction strategies

GMRE's Q4 performance showcased revenue growth and strategic focus on reducing debt through property sales.
While challenges like potential lease vacancies exist, the company remains optimistic about growth opportunities and shareholder value.
Strategic acquisitions, occupancy retention targets, and financial prudence position GMRE for stability and future growth potential.

Global Medical REIT reports strong Q1 performance amidst market challenges

Global Medical REIT (GMRE) delivered a robust performance in Q1 2023, showcasing strong occupancy rates and revenue growth.
While facing challenges such as higher expenses and a slow transaction market, GMRE's strategic focus on debt reduction and portfolio optimization presents opportunities for growth.
By maintaining high occupancy levels, managing expenses, and leveraging acquisitions for debt reduction, GMRE aims to ensure financial stability and operational resilience.
Investors should monitor GMRE's execution of its strategic initiatives to capitalize on market opportunities and navigate potential challenges effectively.

Global Medical REIT reports robust Q2 earnings amidst market challenges

Global Medical REIT (GMRE) delivered strong financial results in Q2 2023, driven by strategic property transactions and revenue growth.
While facing challenges such as increased interest expenses and lease expirations, GMRE's solid portfolio fundamentals and proactive approach present opportunities for sustained growth.
By focusing on asset optimization, prudent capital management, and strategic acquisitions, GMRE aims to navigate market uncertainties and drive long-term value for shareholders.
Investors should monitor GMRE's ability to balance operational challenges with growth opportunities to assess the company's resilience and future performance.

Global Medical REIT reports solid Q3 performance amidst financial challenges

Global Medical REIT (GMRE) showcased strong portfolio performance and revenue generation in Q3 2023.
While facing challenges such as higher interest costs and leverage ratio, the company remains resilient.
Opportunities lie in potential acquisitions and strategic portfolio optimization for future growth.

Global Medical REIT reports stable occupancy and strategic growth plans

Global Medical REIT (GMRE) navigated challenges in Q4 2023 while maintaining a strong portfolio occupancy and lease terms.
The company's strategic focus on lowering leverage and pursuing acquisitions positions it for growth opportunities in the real estate market.
Despite financial setbacks, GMRE's commitment to operational efficiency and cost management bodes well for future performance.
Investors should monitor GMRE's progress in executing acquisitions and managing expenses to gauge its financial resilience and growth potential.

Global Medical REIT (GMRE) reports resilient Q1 performance and eyes strategic acquisitions

Global Medical REIT (GMRE) navigated Q1 2024 with strong financial metrics, strategic acquisitions, and a focus on expanding its portfolio. While facing challenges such as tenant bankruptcy and market conditions, GMRE's solid performance and available capital position it well for future growth and acquisitions.

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Global Medical REIT, Inc. engages in the acquisition of purpose-built healthcare facilities and the leasing of those properties to healthcare systems and physician groups. The company was founded on March 18, 2011 and is headquartered in Bethesda, MD.

Global Medical REIT just circulated its Q4 2023 earnings, which indicate stability across the board.

Global Medical REIT: Nothing Promising After Q4 Results, Still A Hold

Global Medical REIT, Inc. (GMRE) Q4 2023 Earnings Call Transcript

Global Medical REIT (GMRE) came out with quarterly funds from operations (FFO) of $0.23 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to FFO of $0.24 per share a year ago.

Global Medical REIT (GMRE) Misses Q4 FFO and Revenue Estimates

BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical office real estate investment trust (REIT) that acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems, today announced financial results for the three and twelve months ended December 31, 2023 and other data. Jeffrey M. Busch, Chairman, Chief Executive Officer and President stated, “During 2023, we successfully.

Global Medical REIT Announces Fourth Quarter and Year-End 2023 Financial Results

Evaluate the expected performance of Global Medical REIT (GMRE) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Insights Into Global Medical REIT (GMRE) Q4: Wall Street Projections for Key Metrics

BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical office real estate investment trust (REIT) that acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems, announced today that it intends to release its fourth quarter and year-end 2023 financial results after the market closes on Tuesday, February 27, 2024. The Company intends to hold a conference call to discuss.

Global Medical REIT Inc. Announces Dates for 2023 Fourth Quarter and Year-End Earnings Release and Webcast

Healthcare REITs have had a slow start this year, underperforming compared to other indices. "Private pay" subsectors such as senior housing, medical office, and lab space are likely to deliver better returns this year than public pay. Global Medical REIT is a small-cap private-pay company focused primarily on acquiring medical office buildings at high cap rates and renting them to physicians' groups and regional healthcare systems.

Global Medical REIT:  Patient In Stable Condition, Risk Priced In

BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical office real estate investment trust (REIT) that acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems, announced today that information regarding the federal income tax treatment of the dividends paid in 2023 on the Company's common and preferred stock has been posted to the Company's website, at the following.

Global Medical REIT Reports Tax Treatment of 2023 Dividends

BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical office real estate investment trust (REIT) that acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems, announced today that its Board of Directors (“Board”) has declared the Company's 2023 fourth quarter common and preferred dividends. Common Dividend The Board has declared the Company's 2023 fourth quarter cas.

Global Medical REIT Inc. Board Declares 2023 Fourth Quarter Common and Preferred Dividends

After reaching an important support level, Global Medical REIT Inc. (GMRE) could be a good stock pick from a technical perspective. GMRE recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.

Should You Buy Global Medical REIT (GMRE) After Golden Cross?

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Overall, this is a good time to invest in REITs. The expected surge in REIT share prices will not benefit all REITs equally. There are always mousetrap REITs, even in the best of times. Dividend safety is crucial for REIT value as a dividend cut can lead to a significant loss in share value.

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Lock In 9%+ REIT Yields Before They Disappear

In Q3, 2023, GMRE delivered an improved performance with the underlying FFO finally breaking the momentum of a constant decline. The key reasons for the growth in FFO per share relative to Q2, 2023 lay in the embedded rent escalators and reduced interest costs stemming from successful property sales. GMRE sold an additional property at a cap rate of 5.3%, which is clearly an indicator of high quality portfolio, where the correct value is not reflected in the books.

Global Medical REIT: A Hold Despite Improving Performance

BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical office real estate investment trust (REIT) that acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems, today announced financial results for the three and nine months ended September 30, 2023 and other data. Jeffrey M. Busch, Chairman, Chief Executive Officer and President stated, “During the third quarter, we.

Global Medical REIT Announces Third Quarter 2023 Financial Results

Global Medical REIT Inc. has seen a decline in its fixed charge coverage and funds from operations due to interest rate hikes. The preferreds are of course safer than the common shares here and offer 7.7%. We show you why in the preferred realm, these remain expensive.

Global Medical: 7.7% Yielding Preferreds Are Expensive, A Look At Alternatives

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Passive investing is generally more suitable for retail investors due to lower costs, diversification, and no risk of underperforming the market. Yet, the U.S. equity REIT universe has lately opened attractive pockets of opportunity for active investors to cherry-pick specific REITs. Internal divergences within the commercial real estate sector, and the market treating the commercial real estate sector as one homogenous body have created opportunities for active investors to find undervalued REITs.

One Of The Greatest Moments To Switch To Active Investing In REITs

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REITs face structural headwinds from higher costs of financing, which is a critical constituency in the process of how REITs create a value. If the interest rates remain elevated, many REITs will suffer and most likely continue to register a negative performance. Some REIT investors consider favourable supply and demand dynamics, as well as REIT's ability to increase rents via CPI-indexation or embedded escalators, as notable mitigants.

The Most Common Misconception About REIT Investing In This Environment

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Higher interest rates have made many dividend paying stocks and equity-type instruments less attractive compared to risk-free rate alternatives. In the past during the ultra-low interest rate environment there was a desperate search for yield, where REITs provided a part of the solution. Now, the overall REIT market has also become less attractive. This means that investors have to be selective.

Replacing T-Bills With 2 Higher Yielding REITs Without Sacrificing Stability

Global Medical REIT Inc.'s strategy focuses on investing in small to mid-sized healthcare facilities in secondary markets, offering higher returns with equivalent risk. Global Medical has, since its 2016 IPO, built a 186 property portfolio with a 7.8% cap rate, and delivered the best total returns among competitor health care REITs. While higher interest rates have stalled growth and challenge its generous dividend, over the long term its strategy should provide an attractive alternative among health care REITs.

Global Medical REIT: Different Strategy, Attractive Alternative

Before Q2 2023 results, I changed the rating to hold for GMRE due to an increased probability of dividend cut. The key drivers of such assumption were the increasing interest rate costs coupled with a gradual reduction in asset base due to Management's plans to optimize the balance sheet. Yet, during Q2, GMRE managed to divest several properties at extremely attractive cap rates, which has in turn lead to an accelerated debt reduction.

Global Medical REIT: Revisiting Dividend Assumption After Q2 Results

BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical office real estate investment trust (REIT) that acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems, announced today that its Board of Directors (“Board”) has declared the Company's 2023 third quarter common and preferred dividends. Common Dividend The Board has declared the Company's 2023 third quarter cash.

Global Medical REIT Inc. Board Declares 2023 Third Quarter Common and Preferred Dividends

Global Medical REIT only has 6.4% upside to its NAV estimate of $10.96 based on a 7% cap rate. There is not enough upside to warrant initiating a new position. GMRE is up 33% since my last article, and I exited my 15,000 shares GMRE position at a 24% profit over a four-month period. Evidence is within the article. FFO and AFFO have decreased since last year due to an increase in interest expense and operating expenses.

Global Medical REIT: Exited Position As Discount To NAV Closed

Q2-2023 showed a small decline in FFO even though revenues went up. Payout ratio is right near 100% and growth should be hard to come by. We tell you why we are lowering our price target further and go through why the preferred shares might be an interesting bet down the line.

Global Medical REIT: Higher For Longer Scenarios Will Stress The REIT

Global Medical REIT, Inc. (NYSE:GMRE ) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Stephen Swett - ICR Jeffery Busch - Chairman, President & CEO Alfonzo Leon - CIO Robert Kiernan - CFO & Treasurer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Juan Sanabria - BMO Capital Markets Bryan Maher - B. Riley Securities Robert Stevenson - Janney Montgomery Scott Operator Greetings, and welcome to the Global Medical REIT Second Quarter 2023 Earnings Conference Call.

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