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.
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.
FAQ
What is the current stock price of Global Medical REIT (GMRE)?
What is the market cap of Global Medical REIT (GMRE)?
What does Global Medical REIT Inc. do?
Where is Global Medical REIT Inc. based?
What is the primary business objective of Global Medical REIT Inc.?
Where are GMRE's healthcare facilities located?
What type of leases does GMRE use for its properties?
Who are the tenants of GMRE's properties?
What are recent achievements of GMRE?
How does GMRE ensure steady income?
What is the focus of GMRE's current projects?
How does GMRE navigate market fluctuations?
