Welcome to our dedicated page for Global Medical news (Ticker: GMRE), a resource for investors and traders seeking the latest updates and insights on Global Medical 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.
Global Medical REIT (NYSE: GMRE) has published its Corporate Social Responsibility (CSR) Report, detailing its environmental, social, and governance (ESG) initiatives. The company, led by CEO Jeffrey M. Busch, is committed to integrating ESG principles into its business operations. The report highlights a significant increase in energy tracking among tenants, growing from 11% in 2019 to 55% currently. Social initiatives focus on workforce cohesion and diversity, while governance efforts emphasize integrity, transparency, and accountability. The report is available digitally for stakeholders to review.
Global Medical REIT (GMRE) announced its Board of Directors has declared the 2024 second quarter dividends for both common and preferred stocks.
A cash dividend of $0.21 per share of common stock will be paid on July 9, 2024, to shareholders of record as of June 21, 2024.
Additionally, a quarterly cash dividend of $0.46875 per share will be paid on Series A Preferred Stock on July 31, 2024, to stockholders of record as of July 15, 2024, covering the period from April 30, 2024, to July 30, 2024.
Global Medical REIT Inc. announces Q1 2024 financial results with net income of $0.8 million, FFO of $14.9 million, and AFFO of $16.5 million. The company acquired a 15-property medical real estate portfolio for $81.3 million. Rental revenue decreased by 3.0% to $35.1 million due to property dispositions. The Company's portfolio leased occupancy was 96.4% with a weighted average lease term of 5.8 years. Steward Health Care filed for Chapter 11 bankruptcy, representing 2.8% of the Company's annual base rent. The Company's total debt was $617.8 million with leverage at 44.0%. Dividends of $0.21 per share were paid to common stockholders and unitholders.
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