Global Medical REIT (DB:3UN) - Stock Price, News & Analysis

3UN Stock Overview

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. More details

3UN fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	3/6
Past Performance	0/6
Financial Health	1/6
Dividends	4/6

Rewards

Trading at 52.1% below our estimate of its fair value

Earnings are forecast to grow 60.18% per year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 27.1%

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 9.79% is not well covered by earnings

Global Medical REIT Inc. Competitors

Hamborner REIT

XTRA:HABA

€514.1m

alstria office REIT-AG

XTRA:AOX

€1.2b

Deutsche Konsum REIT-AG

XTRA:DKG

€141.3m

Universal Health Realty Income Trust

NYSE:UHT

US$563.0m

Price History & Performance

Summary of all time highs, changes and price drops for Global Medical REIT
Historical stock prices
Current Share Price	US$8.00
52 Week High	US$10.38
52 Week Low	US$7.47
Beta	1.28
11 Month Change	-8.31%
3 Month Change	-2.91%
1 Year Change	-9.55%
33 Year Change	-45.95%
5 Year Change	n/a
Change since IPO	-28.57%

Recent updates

Shareholder Returns

	3UN	DE Health Care REITs	DE Market
7D	-1.7%	0%	0%
1Y	-9.6%	0%	0%

Return vs Industry: 3UN matched the German Health Care REITs industry which returned -9.5% over the past year.

Return vs Market: 3UN underperformed the German Market which returned 7.9% over the past year.

Price Volatility

Is 3UN's price volatile compared to industry and market?
3UN volatility
3UN Average Weekly Movement	3.8%
Health Care REITs Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in DE Market	0%
10% least volatile stocks in DE Market	0%

Stable Share Price: 3UN has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 3UN's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2011	26	Jeff Busch	www.globalmedicalreit.com

Global Medical REIT Inc. Fundamentals Summary

How do Global Medical REIT's earnings and revenue compare to its market cap?
3UN fundamental statistics
Market cap	€559.37m
Earnings (TTM)	-€1.32m
Revenue (TTM)	€128.96m

4.2x

P/S Ratio

-408.5x

P/E Ratio

Is 3UN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3UN income statement (TTM)
Revenue	US$136.59m
Cost of Revenue	US$0
Gross Profit	US$136.59m
Other Expenses	US$137.99m
Earnings	-US$1.40m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.021
Gross Margin	100.00%
Net Profit Margin	-1.03%
Debt/Equity Ratio	111.4%

How did 3UN perform over the long term?

See historical performance and comparison

Dividends

9.8%

Current Dividend Yield

117%

Payout Ratio

3UN Stock Overview

Rewards

Risk Analysis

Global Medical REIT Inc. Competitors

XTRA:HABA

€514.1m

XTRA:AOX

€1.2b

XTRA:DKG

€141.3m

NYSE:UHT

US$563.0m

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: US$0.027 (vs US$0.048 in 3Q 2023)

Global Medical REIT Inc. to Report Q3, 2024 Results on Nov 06, 2024

Second quarter dividend of US$0.21 announced

Second quarter 2024 earnings released: US$0.048 loss per share (vs US$0.18 profit in 2Q 2023)

Global Medical REIT Inc. to Report Q2, 2024 Results on Aug 06, 2024

First quarter dividend of US$0.21 announced

Recent updates

Third quarter 2024 earnings released: EPS: US$0.027 (vs US$0.048 in 3Q 2023)

Global Medical REIT Inc. to Report Q3, 2024 Results on Nov 06, 2024

Second quarter dividend of US$0.21 announced

Second quarter 2024 earnings released: US$0.048 loss per share (vs US$0.18 profit in 2Q 2023)

Global Medical REIT Inc. to Report Q2, 2024 Results on Aug 06, 2024

First quarter dividend of US$0.21 announced

Global Medical REIT Inc. Declares 2024 Second Quarter Common Dividend, Payable on July 9, 2024

First quarter 2024 earnings released: EPS: US$0.012 (vs US$0.01 in 1Q 2023)

Global Medical REIT Inc. to Report Q1, 2024 Results on May 07, 2024

Upcoming dividend of US$0.21 per share

Fourth quarter dividend of US$0.21 announced

Global Medical REIT Inc. Declares Cash Dividend for the First Quarter 2024, Payable on April 9, 2024

Full year 2023 earnings released: FFO per share: US$0.9 (vs US$0.98 in FY 2022)

Global Medical REIT Inc., Annual General Meeting, May 15, 2024

Global Medical REIT Inc. to Report Q4, 2023 Results on Feb 27, 2024

Global Medical REIT Inc. has filed a Follow-on Equity Offering in the amount of $300 million.

Upcoming dividend of US$0.21 per share at 7.7% yield

Global Medical REIT Inc. Declares 2023 Fourth Quarter Common Stock Dividend, Payable on January 9, 2024

Third quarter 2023 earnings released: EPS: US$0.048 (vs US$0.12 in 3Q 2022)

Global Medical REIT Inc. to Report Q3, 2023 Results on Nov 06, 2023

Upcoming dividend of US$0.21 per share at 8.8% yield

Global Medical Reit Inc. Declares the Cash Dividend for Third Quarter 2023 ,Payable on October 10, 2023

Second quarter 2023 earnings released: EPS: US$0.18 (vs US$0.034 in 2Q 2022)

An unknown buyer acquired Medical office building located in North Charleston, South Carolina from Global Medical REIT Inc. (NYSE:GMRE) for $10.1 million.

Global Medical REIT Inc. to Report Q2, 2023 Results on Aug 02, 2023

Upcoming dividend of US$0.21 per share at 8.9% yield

Global Medical REIT Inc. Announces 2023 Second Quarter Common Dividend, Payable on July 11, 2023

An unknown buyer acquired One medical office building located in Jacksonville, Florida from Global Medical REIT Inc. (NYSE:GMRE) for $4.4 million .

First quarter 2023 earnings released: FFO per share: US$0.2 (vs US$0.25 in 1Q 2022)

Upcoming dividend of US$0.21 per share at 8.9% yield

Full year 2022 earnings released: FFO per share: US$1.0 (vs US$0.96 in FY 2021)

Global Medical REIT Inc. to Report Q4, 2022 Results on Feb 28, 2023

Global Medical REIT Inc. Announces Retirement of Roscoe Moore, Jr. as Director

Upcoming dividend of US$0.21 per share

Global Medical REIT Inc. Declares Fourth Quarter Common Dividends, Payable on January 31, 2023

Insufficient new directors

Third quarter 2022 earnings released: FFO per share: US$0.2 (vs US$0.28 in 3Q 2021)

Global Medical REIT Inc. to Report Q3, 2022 Results on Nov 02, 2022

Upcoming dividend of US$0.21 per share

Global Medical REIT Inc. Board Declares 2022 Third Quarter Common Dividend, to Be Paid October 11, 2022

Second quarter 2022 earnings released: EPS: US$0.034 (vs US$0.042 in 2Q 2021)

An unknown buyer acquired Medical Office Building in Germantown, Tennessee from Global Medical REIT Inc. (NYSE:GMRE).

Global Medical REIT Inc. to Report Q2, 2022 Results on Aug 03, 2022

Upcoming dividend of US$0.21 per share

Investor sentiment deteriorated over the past week

Global Medical REIT Inc Declares Dividend for the Second Quarter of 2022, Payable on July 8, 2022

Global Medical REIT Inc Declares Dividend for the Second Quarter of 2022, Payable on July 8, 2022

Global Medical REIT Inc. (NYSE:GMRE) acquired Prosperity Plaza from The Tomares Companies for $21 million.

First quarter 2022 earnings released: FFO: US$31.9m per share (vs US$0.26 in 1Q 2021)

Insufficient new directors

Global Medical REIT Inc. to Report Q1, 2022 Results on May 04, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Global Medical REIT Inc. (NYSE:GMRE) acquired Sherwood Park MOB for $5.1 million.

Global Medical REIT Inc., Annual General Meeting, May 11, 2022

Global Medical REIT Inc. to Report Q4, 2021 Results on Feb 28, 2022

Upcoming dividend of US$0.20 per share

Third quarter 2021 earnings released: EPS US$0.057 (vs US$0.22 loss in 3Q 2020)

Upcoming dividend of US$0.20 per share

Second quarter 2021 earnings released: EPS US$0.042 (vs US$0.004 in 2Q 2020)