Global Medical REIT
Market Cap
US$450.9m
Last Updated
2019/10/20 00:31 UTC
Data Sources
Company Financials +
Executive Summary
Global Medical REIT Inc. is net-lease medical office REIT that acquires purpose-built healthcare facilities and leases those facilities to strong healthcare systems and groups with leading market share.
Snowflake
Fundamentals
Undervalued with high growth potential.
Similar Companies
Share Price & News
How has Global Medical REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
3.0%
GMRE
1.5%
US REITs
0.4%
US Market
1 Year Return
29.9%
GMRE
19.9%
US REITs
6.9%
US Market
Return vs Industry: GMRE exceeded the US REITs industry which returned 19.9% over the past year.
Return vs Market: GMRE exceeded the US Market which returned 6.9% over the past year.
Shareholder returns
| GMRE | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.0% | 1.5% | 0.4% |
| 30 Day | 3.4% | 1.6% | -1.1% |
| 90 Day | 15.9% | 7.8% | -0.5% |
| 1 Year | 40.7%29.9% | 25.2%19.9% | 9.3%6.9% |
| 3 Year | 67.4%28.8% | 36.0%18.6% | 45.8%36.4% |
| 5 Year | 444.5%-70.4% | 64.7%30.0% | 62.9%45.1% |
Price Volatility Vs. Market
How volatile is Global Medical REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Do Institutions Own Global Medical REIT Inc. (NYSE:GMRE) Shares?1 month ago | Simply Wall St
Do These 3 Checks Before Buying Global Medical REIT Inc. (NYSE:GMRE) For Its Upcoming Dividend1 month ago | Simply Wall St
Why Global Medical REIT Inc. (NYSE:GMRE) Could Have A Place In Your PortfolioValuation
Is Global Medical REIT undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: GMRE ($11.85) is trading below our estimate of fair value ($34.55)
Significantly Undervalued: GMRE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GMRE is good value based on its PE Ratio (36.1x) compared to the REITs industry average (36.2x).
PE vs Market: GMRE is poor value based on its PE Ratio (36.1x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: GMRE is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: GMRE is good value based on its PB Ratio (1.6x) compared to the US REITs industry average (2x).
Next Steps
Future Growth
How is Global Medical REIT forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
50.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GMRE's forecast earnings growth (50.8% per year) is above the savings rate (2.7%).
Earnings vs Market: GMRE's earnings (50.8% per year) are forecast to grow faster than the US market (14.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GMRE's revenue (20.2% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: GMRE's revenue (20.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if GMRE's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Global Medical REIT performed over the past 5 years?
38.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: GMRE has become profitable over the past 5 years, growing earnings by 38.9% per year.
Accelerating Growth: GMRE's earnings growth over the past year (1536.3%) exceeds its 5-year average (38.9% per year).
Earnings vs Industry: GMRE earnings growth over the past year (1536.3%) exceeded the REITs industry 17.6%.
Return on Equity
High ROE: GMRE's Return on Equity (4.4%) is considered low.
Return on Assets
ROA vs Industry: GMRE's Return on Assets is below or equal to the REITs industry average last year.
Return on Capital Employed
ROCE Improving: GMRE has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Global Medical REIT's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: GMRE has a high level of physical assets or inventory.
Debt Coverage by Assets: GMRE's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: GMRE's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if GMRE has a sufficient allowance for bad loans.
Low Risk Liabilities: GMRE reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if GMRE has an acceptable proportion of non-loan assets held.
Low Risk Deposits: GMRE has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if GMRE has an appropriate level of bad loans.
Next Steps
Dividend
What is Global Medical REIT's current dividend yield, its reliability and sustainability?
6.75%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: GMRE's dividend (6.75%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: GMRE's dividend (6.75%) is in the top 25% of dividend payers in the US market (3.73%)
Stable Dividend: GMRE has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: GMRE's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (126.3%), GMRE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GMRE's dividends in 3 years are forecast to be thoroughly covered by earnings (1.9% payout ratio).
Next Steps
Management
What is the CEO of Global Medical REIT's salary, the management and board of directors tenure and is there insider trading?
2.4yrs
Average management tenure
CEO
Jeff Busch (59yo)
2.2yrs
Tenure
US$506,653
Compensation
Mr. Jeffrey M. Busch, also known as jeff, is the Chairman of Avant Diagnostics, Inc. since May 2018. Mr. Busch has been the Chairman of the Board and President at Global Medical REIT, Inc. since August 15, ...
Management Age and Tenure
2.4yrs
Average Tenure
50yo
Average Age
Experienced Management: GMRE's management team is considered experienced (2.4 years average tenure).
Board Age and Tenure
3.6yrs
Average Tenure
60yo
Average Age
Experienced Board: GMRE's board of directors are considered experienced (3.6 years average tenure).
Insider Trading
Insider Buying: GMRE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 1,485 |
| Max Price | US$10.80 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,500 |
| Max Price | US$10.72 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,500 |
| Max Price | US$10.69 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 5,945 |
| Max Price | US$9.76 |
| Entity | Company |
| Shares | 1,111,111 |
| Max Price | US$9.00 |
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 2,120 |
| Max Price | US$9.42 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,675 |
| Max Price | US$9.02 |
Ownership Breakdown
Management Team
Dave Young (71yo)
Consultant
- Tenure: 2.2yrs
- Compensation: US$438.39k
Robert Kiernan (53yo)
CFO & Treasurer
- Tenure: 2.2yrs
- Compensation: US$440.51k
Allen Webb (50yo)
Senior VP of SEC Reporting & Technical Accounting and Officer
- Tenure: 4yrs
- Compensation: US$253.15k
Jeff Busch (59yo)
Chairman
- Tenure: 2.2yrs
- Compensation: US$506.65k
Alfonzo Leon (43yo)
Chief Investment Officer
- Tenure: 4.3yrs
- Compensation: US$367.54k
Danica Holley (46yo)
Chief Operating Officer
- Tenure: 3.6yrs
Jamie Barber (42yo)
General Counsel & Corporate Secretary
- Tenure: 2.4yrs
- Compensation: US$420.01k
Mary Jensen
Investor Relations Professional
- Tenure: 0yrs
Board Members
Ron Marston (76yo)
Independent Director
- Tenure: 4.2yrs
- Compensation: US$84.65k
Henry Cole (74yo)
Lead Independent Director
- Tenure: 2.4yrs
- Compensation: US$92.15k
Paula Crowley (64yo)
Director
- Tenure: 1.3yrs
- Compensation: US$54.20k
Roscoe Moore (65yo)
Independent Director
- Tenure: 4.2yrs
- Compensation: US$79.65k
Jeff Busch (59yo)
Chairman
- Tenure: 2.2yrs
- Compensation: US$506.65k
Lori Wittman (60yo)
Independent Director
- Tenure: 1.4yrs
- Compensation: US$59.21k
Jingguo Zhang (56yo)
Director
- Tenure: 4.2yrs
Matthew Cypher (42yo)
Independent Director
- Tenure: 3.6yrs
- Compensation: US$80.65k
Hui Zhang (29yo)
Director
- Tenure: 3.6yrs
- Compensation: US$24.00k
Company Information
Global Medical REIT Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Global Medical REIT Inc.
- Ticker: GMRE
- Exchange: NYSE
- Founded: 2011
- Industry: Health Care REITs
- Sector: Real Estate
- Implied Market Cap: US$450.919m
- Market Cap: US$419.453m
- Shares outstanding: 38.54m
- Website: https://www.globalmedicalreit.com
Number of Employees
Location
- Global Medical REIT Inc.
- 2 Bethesda Metro Center
- Suite 440
- Bethesda
- Maryland
- 20814
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GMRE | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 2012 |
| GMRE.PRA | NYSE (New York Stock Exchange) | 7.50% CUM PFD A | US | USD | Sep 2017 |
Biography
Global Medical REIT Inc. is net-lease medical office REIT that acquires purpose-built healthcare facilities and leases those facilities to strong healthcare systems and groups with leading market share. GM ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/20 00:31 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.