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Global Medical REIT Inc. - GMRE STOCK NEWS

Welcome to our dedicated page for Global Medical REIT news (Ticker: GMRE), a resource for investors and traders seeking the latest updates and insights on Global Medical REIT stock.

Global Medical REIT Inc. (GMRE) is a Maryland-based real estate investment trust focused on acquiring and leasing specialized healthcare facilities. The company's primary aim is to offer attractive, risk-adjusted returns to its shareholders by providing consistent dividends and promoting long-term capital appreciation. GMRE's portfolio includes purpose-built healthcare facilities leased to physician groups and regional and national healthcare systems.

The company's properties are predominantly located in secondary markets and the suburbs of primary markets, ensuring a diverse geographic footprint. Each facility is generally leased to single tenants under triple-net leases, where the tenant is responsible for most property expenses, providing a steady income stream for GMRE.

Recent achievements include expanding its portfolio of healthcare facilities and strengthening partnerships with leading healthcare systems and physician groups. These strategic acquisitions have bolstered GMRE's position in the healthcare real estate market, reflecting its commitment to growth and stability.

As of the latest updates, GMRE continues to focus on acquiring high-quality, specialized healthcare properties and maintaining strong tenant relationships to ensure sustainable growth. The company has shown resilience in navigating market fluctuations, supported by its solid financial foundation and strategic vision.

News

Global Medical REIT Inc. Announces Dates for First Quarter Earnings Release and Webcast

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Global Medical REIT Inc. (NYSE: GMRE) announced the dates for its first quarter 2024 earnings release and webcast. The company will release financial results on May 7, 2024, followed by a conference call on May 8, 2024. The call will feature the company's top executives discussing the results. Participants can join the webcast through the company's investor information section. A replay of the call will be available until May 22, 2024.
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Global Medical REIT Inc. Board Declares 2024 First Quarter Common and Preferred Dividends

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Global Medical REIT Inc. (GMRE) declares its 2024 first quarter dividends, with a $0.21 per share common dividend and $0.46875 per share Series A Preferred dividend. The common dividend will be paid on April 9, 2024, and the Series A Preferred dividend on April 30, 2024.
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Global Medical REIT Announces Fourth Quarter and Year-End 2023 Financial Results

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Global Medical REIT Inc. announced financial results for Q4 and full year 2023, emphasizing reduction of leverage through dispositions and positioning for growth. Despite a net loss in Q4, the company maintained a strong portfolio and high occupancy rates. The company's FFO and AFFO decreased year-over-year due to property dispositions but remained resilient. The Company reduced leverage to 43.6% by the end of 2023 and has a promising acquisition pipeline for 2024.
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Global Medical REIT Inc. Announces Dates for 2023 Fourth Quarter and Year-End Earnings Release and Webcast

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Global Medical REIT Inc. (NYSE: GMRE) announced its plan to release its fourth quarter and year-end 2023 financial results on February 27, 2024, followed by a conference call on February 28, 2024. The call will be hosted by top executives to discuss the results.
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Global Medical REIT Reports Tax Treatment of 2023 Dividends

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Global Medical REIT Inc. (GMRE) announced the posting of information regarding the federal income tax treatment of the dividends paid in 2023 on the Company's common and preferred stock. Stockholders are advised to review their Forms 1099 and other 2023 tax statements to ensure agreement with the posted information and consult with their professional tax advisors.
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Global Medical REIT Inc. Board Declares 2023 Fourth Quarter Common and Preferred Dividends

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Global Medical REIT Inc. (NYSE: GMRE) declares 2023 fourth quarter dividends. $0.21 per share for common stock and unit, $0.46875 per share for Series A Preferred Stock.
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Global Medical REIT Announces Third Quarter 2023 Financial Results

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Global Medical REIT Inc. (NYSE: GMRE) announced financial results for Q3 2023, reporting net income of $3.1 million and total revenue of $35.5 million. The company completed three dispositions in 2023, generating gross proceeds of $80.5 million and an aggregate gain of $15.6 million. The portfolio leased occupancy was 96.7% as of September 30, 2023. The company's total debt outstanding was $617.6 million, with a leverage of 44.2%.
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Global Medical REIT Inc. Announces Dates for Third Quarter Earnings Release and Webcast

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Global Medical REIT Inc. to release Q3 2023 financial results
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Global Medical REIT Inc. Board Declares 2023 Third Quarter Common and Preferred Dividends

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Global Medical REIT Inc. declares 2023 Q3 dividends
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Global Medical REIT Announces Second Quarter 2023 Financial Results

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Global Medical REIT Inc. (GMRE) completes the sale of a four-property medical office building portfolio in Oklahoma City, Oklahoma, receiving gross proceeds of $66 million. The sale resulted in a gain of $12.8 million and allowed the company to reduce its variable rate debt and leverage. The company's portfolio maintained a leased occupancy of 97% and produced consistent and steady results. In the second quarter, GMRE reported net income attributable to common stockholders of $11.8 million, FFO of $14.7 million, and AFFO of $15.9 million. Total revenue increased 7.9% year-over-year to $36.4 million.
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FAQ

What is the current stock price of Global Medical REIT (GMRE)?

The current stock price of Global Medical REIT (GMRE) is $7.86 as of December 20, 2024.

What is the market cap of Global Medical REIT (GMRE)?

The market cap of Global Medical REIT (GMRE) is approximately 518.4M.

What does Global Medical REIT Inc. do?

Global Medical REIT Inc. acquires purpose-built healthcare facilities and leases them to strong healthcare systems and physician groups.

Where is Global Medical REIT Inc. based?

Global Medical REIT Inc. is based in Maryland.

What is the primary business objective of Global Medical REIT Inc.?

The primary objective is to provide attractive, risk-adjusted returns to its stockholders through reliable dividends and long-term capital appreciation.

Where are GMRE's healthcare facilities located?

GMRE's healthcare facilities are located in secondary markets and the suburbs of primary markets.

What type of leases does GMRE use for its properties?

GMRE typically uses triple-net leases for its properties, where the tenant is responsible for most property expenses.

Who are the tenants of GMRE's properties?

The tenants are generally physician groups and regional and national healthcare systems.

What are recent achievements of GMRE?

Recent achievements include expanding its portfolio of healthcare facilities and strengthening partnerships with leading healthcare systems.

How does GMRE ensure steady income?

GMRE ensures steady income through triple-net leases, where tenants pay most property expenses, ensuring a reliable income stream.

What is the focus of GMRE's current projects?

GMRE focuses on acquiring high-quality, specialized healthcare properties and maintaining strong tenant relationships.

How does GMRE navigate market fluctuations?

GMRE navigates market fluctuations with a solid financial foundation and a strategic vision, focusing on sustainable growth.

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Global Medical REIT Inc.

NYSE:GMRE

GMRE Rankings

#3071 Ranked by Market Cap
#166 Ranked by Dividends

GMRE Stock Data

518.39M
63.03M
5.65%
63%
1.56%
REIT - Healthcare Facilities
Real Estate Investment Trusts
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United States of America
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