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Global Medical REIT NYSE:GMRE Stock Report

Last Price

US$8.75

Market Cap

US$583.2m

7D

0.9%

1Y

-1.8%

Updated

28 Mar, 2024

Data

Company Financials +

Global Medical REIT Inc.

NYSE:GMRE Stock Report

Market Cap: US$583.2m

GMRE 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.

GMRE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends4/6

Global Medical REIT Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Global Medical REIT
Historical stock prices
Current Share PriceUS$8.75
52 Week HighUS$11.59
52 Week LowUS$8.06
Beta1.15
1 Month Change-6.62%
3 Month Change-21.17%
1 Year Change-1.80%
3 Year Change-35.19%
5 Year Change-10.90%
Change since IPO-98.22%

Recent News & Updates

Global Medical REIT Offers A 9.3% Dividend Yield And 7.6% On The Preferreds

Mar 09

Recent updates

Global Medical REIT Offers A 9.3% Dividend Yield And 7.6% On The Preferreds

Mar 09

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

Feb 29

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

Feb 02

Global Medical REIT: A Hold Despite Improving Performance

Nov 21

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

Oct 16

Global Medical REIT: Revisiting Dividend Assumption After Q2 Results

Sep 10

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

Aug 04

Global Medical: The 9.5% Yield Appears Covered Despite Pressure From Interest Rates

Jun 29

If EPS Growth Is Important To You, Global Medical REIT (NYSE:GMRE) Presents An Opportunity

Mar 13
If EPS Growth Is Important To You, Global Medical REIT (NYSE:GMRE) Presents An Opportunity

Global Medical REIT: A Strong Buy At Attractive Valuations And 7.8% Dividend Yield

Jan 27

Global Medical REIT: Brace For A Hawkish Fed

Dec 25

Global Medical REIT GAAP EPS of $0.12

Nov 02

Global Medical REIT: Passive Income Machine With Safe 10.8% Yield

Oct 21

Global Medical REIT stock drops after BMO downgrades on elevated leverage

Oct 06

Global Medical REIT Now Has A 9% Recession Resistant Yield

Sep 28

Global Medical REIT declares $0.21 dividend

Sep 09

Global Medical REIT: Significant Upside Potential, Along With A High Yielding Dividend

Aug 18

Global Medical REIT: Market Dislocation From First To Worst, Opportunity Refreshed

Jun 29

Global Medical REIT: Another Solid Quarter From This Growing Healthcare REIT

May 17

Global Medical REIT: A Breakdown Of My Favorite Healthcare REIT

Mar 03

Global Medical REIT: Success Like This Draws A Crowd

Dec 29

Global Medical REIT And Medical Properties Are Clear Winners In The Mispriced Healthcare Sector

Oct 20

The Growth Story Remains Intact At Global Medical REIT

Oct 04

Shareholder Returns

GMREUS Health Care REITsUS Market
7D0.9%1.2%0.2%
1Y-1.8%9.1%28.1%

Return vs Industry: GMRE underperformed the US Health Care REITs industry which returned 9.5% over the past year.

Return vs Market: GMRE underperformed the US Market which returned 28.8% over the past year.

Price Volatility

Is GMRE's price volatile compared to industry and market?
GMRE volatility
GMRE Average Weekly Movement4.3%
Health Care REITs Industry Average Movement3.5%
Market Average Movement6.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

Stable Share Price: GMRE's share price has been volatile over the past 3 months.

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

About the Company

FoundedEmployeesCEOWebsite
201126Jeff Buschhttps://www.globalmedicalreit.com

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.

Global Medical REIT Inc. Fundamentals Summary

How do Global Medical REIT's earnings and revenue compare to its market cap?
GMRE fundamental statistics
Market capUS$583.24m
Earnings (TTM)US$14.79m
Revenue (TTM)US$141.05m

38.8x

P/E Ratio

4.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GMRE income statement (TTM)
RevenueUS$141.05m
Cost of RevenueUS$44.00k
Gross ProfitUS$141.01m
Other ExpensesUS$126.22m
EarningsUS$14.79m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)0.23
Gross Margin99.97%
Net Profit Margin10.49%
Debt/Equity Ratio100.9%

How did GMRE perform over the long term?

See historical performance and comparison

Dividends

9.6%

Current Dividend Yield

111%

Payout Ratio
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