Profile
Sector:
Real EstateIndustry:
Healthcare FacilitiesCountry:
United StatesIPO:
30 June 2016Website:
http://www.globalmedicalreit.comNext earnings report:
27 February 2025Last dividends:
20 September 2024Next dividends:
N/APrice
regular market | 12 min agoAnalysts recommendations
Institutional Ownership
GMRE Latest News
Global Medical REIT, Inc. (NYSE:GMRE ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Steve Swett - IR Jeff Busch - CEO Alfonzo Leon - CIO Bob Kiernan - CFO Conference Call Participants Austin Wurschmidt - KeyBanc Bryan Maher - B. Riley Alec Feygin - Baird Robin Haneland - BMO Capital Markets Gaurav Mehta - Alliance Global Partners Operator Greetings, and welcome to the Global Medical REIT Third Quarter 2024 Earnings Conference Call.
Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Global Medical REIT (GMRE) or CubeSmart (CUBE). But which of these two stocks presents investors with the better value opportunity right now?
In the falling interest rate environment, duration-loaded assets thrive. Since REITs enjoy predictable cash flows from long-term agreements, they are quite sensitive to interest rate changes just as bonds. Historical examples, like the Austrian century bond, illustrate the impact of shifting monetary policies on such assets.
Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Global Medical REIT (GMRE) and COPT Defense (CDP). But which of these two stocks presents investors with the better value opportunity right now?
Slate Grocery REIT has still a dirt cheap multiple, high dividend yield, and strong fundamentals, similar to Global Medical REIT. Currently, Slate carries ~ 30% discount to its closest peers, while having industry-leading organic growth profile stemming from the below market level rent convergence. However, just as GMRE, Slate is exposed to refinancing risk from the 2024 and 2025 debt maturities pushing the interest costs higher.
Global Medical REIT (GMRE) came out with quarterly funds from operations (FFO) of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.23 per share a year ago.
I love the economics of real estate. But a landlord I'm not.
Global Medical REIT (GMRE) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Global Medical REIT owns 185 healthcare facilities leased to physicians and healthcare-related groups. The REIT's tenants appear to be well-managed, with a strong rent coverage ratio. Global Medical's FFO and AFFO performance remains satisfying, with a comfortable dividend coverage ratio for preferred shares.
Global Medical REIT: Nothing Promising After Q4 Results, Still A Hold
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What type of business is Global Medical REIT?
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.
What sector is Global Medical REIT in?
Global Medical REIT is in the Real Estate sector
What industry is Global Medical REIT in?
Global Medical REIT is in the Healthcare Facilities industry
What country is Global Medical REIT from?
Global Medical REIT is headquartered in United States
When did Global Medical REIT go public?
Global Medical REIT initial public offering (IPO) was on 30 June 2016
What is Global Medical REIT website?
https://www.globalmedicalreit.com
Is Global Medical REIT in the S&P 500?
No, Global Medical REIT is not included in the S&P 500 index
Is Global Medical REIT in the NASDAQ 100?
No, Global Medical REIT is not included in the NASDAQ 100 index
Is Global Medical REIT in the Dow Jones?
No, Global Medical REIT is not included in the Dow Jones index
When was Global Medical REIT the previous earnings report?
No data
When does Global Medical REIT earnings report?
The next expected earnings date for Global Medical REIT is 27 February 2025