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. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
My Notes
Capture your thoughts, links and company narrative
Global Medical REIT Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$7.95 |
| 52 Week High | US$11.59 |
| 52 Week Low | US$7.95 |
| Beta | 1.25 |
| 1 Month Change | -8.30% |
| 3 Month Change | -18.21% |
| 1 Year Change | -29.83% |
| 3 Year Change | -53.64% |
| 5 Year Change | -39.22% |
| Change since IPO | -98.38% |
Recent News & Updates
Recent updates
Global Medical REIT's Underwriting Is Demonstrated To Be Effective
Sep 24Global Medical REIT: Stability Across The Board, But More Is Needed To Be Bullish
Aug 11Global Medical: The Yield Is Not Too Good To Be True
Jun 26Global Medical: The 7.6% Preferred Yield Trumps The Common
May 23Global Medical REIT: Better Q1 Than Expected, But Still A Cautious Stance
May 09Global Medical REIT Offers A 9.3% Dividend Yield And 7.6% On The Preferreds
Mar 09Global Medical REIT: Nothing Promising After Q4 Results, Still A Hold
Feb 29Global Medical REIT: Patient In Stable Condition, Risk Priced In
Feb 02Global Medical REIT: A Hold Despite Improving Performance
Nov 21Global Medical: 7.7% Yielding Preferreds Are Expensive, A Look At Alternatives
Oct 16Global Medical REIT: Revisiting Dividend Assumption After Q2 Results
Sep 10Global Medical REIT: Higher For Longer Scenarios Will Stress The REIT
Aug 04Global Medical: The 9.5% Yield Appears Covered Despite Pressure From Interest Rates
Jun 29If EPS Growth Is Important To You, Global Medical REIT (NYSE:GMRE) Presents An Opportunity
Mar 13
Global Medical REIT: A Strong Buy At Attractive Valuations And 7.8% Dividend Yield
Jan 27Global Medical REIT: Brace For A Hawkish Fed
Dec 25Global Medical REIT GAAP EPS of $0.12
Nov 02Global Medical REIT: Passive Income Machine With Safe 10.8% Yield
Oct 21Global Medical REIT stock drops after BMO downgrades on elevated leverage
Oct 06Global Medical REIT Now Has A 9% Recession Resistant Yield
Sep 28Global Medical REIT declares $0.21 dividend
Sep 09Global Medical REIT: Significant Upside Potential, Along With A High Yielding Dividend
Aug 18Global Medical REIT: Market Dislocation From First To Worst, Opportunity Refreshed
Jun 29Shareholder Returns
| GMRE | US Health Care REITs | US Market | |
|---|---|---|---|
| 7D | -6.3% | -4.1% | -3.5% |
| 1Y | -29.8% | 14.4% | 22.1% |
Return vs Industry: GMRE underperformed the US Health Care REITs industry which returned 17.1% over the past year.
Return vs Market: GMRE underperformed the US Market which returned 24% over the past year.
Price Volatility
| GMRE volatility | |
|---|---|
| GMRE Average Weekly Movement | 2.9% |
| Health Care REITs Industry Average Movement | 3.4% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: GMRE has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: GMRE's weekly volatility (3%) 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. (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
| GMRE fundamental statistics | |
|---|---|
| Market cap | US$560.67m |
| Earnings (TTM) | -US$1.40m |
| Revenue (TTM) | US$136.59m |
3.9x
P/S Ratio-378.5x
P/E RatioIs GMRE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GMRE 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 GMRE perform over the long term?
See historical performance and comparisonDividends
10.6%
Current Dividend Yield117%
Payout RatioDoes GMRE pay a reliable dividends?
See GMRE dividend history and benchmarks| Global Medical REIT dividend dates | |
|---|---|
| Ex Dividend Date | Dec 20 2024 |
| Dividend Pay Date | Jan 08 2025 |
| Days until Ex dividend | 0 days |
| Days until Dividend pay date | 19 days |
Does GMRE pay a reliable dividends?
See GMRE dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 07:00 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Global Medical REIT Inc. is covered by 21 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gaurav Mehta | Alliance Global Partners |
| David Rodgers | Baird |
| Amanda Sweitzer | Baird |