NYSE:GMREHealth Care REITs
Global Medical REIT (GMRE) Profitability Reinforces Bull Case, But $6.8M One-Off Gain Clouds Narrative
Global Medical REIT (GMRE) has posted a turnaround, moving into profitability as net profit margins improved and earnings climbed by an average of 16.9% per year over the past five years. Looking ahead, earnings are forecast to accelerate by 22.6% per year, outpacing the broader US market's expected 16% growth. However, projected revenue growth of 2.9% per year lags market averages. A one-off gain of $6.8 million played a notable role in the latest results, so investors will want to keep an...