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Global Medical - GMRE STOCK NEWS

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) provides essential healthcare infrastructure through its portfolio of specialized medical facilities. This news hub offers investors and industry professionals centralized access to official announcements and market developments.

Track critical updates including property acquisitions, lease agreements with healthcare providers, and financial performance reports. Our curated collection ensures timely access to strategic partnerships, portfolio expansions, and operational milestones that shape this healthcare REIT's trajectory.

All content undergoes strict verification to maintain accuracy and relevance. Users benefit from comprehensive coverage of GMRE's unique position in medical real estate, including its focus on triple-net lease structures and secondary market specialization.

Bookmark this page for efficient monitoring of GMRE's evolving role in healthcare property markets. Combine regular visits with professional financial analysis when making informed decisions about this niche REIT investment.

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Global Medical REIT (NYSE: GMRE) announced its Q2 2024 financial results, reporting a net loss of $3.1 million, or $0.05 per diluted share, compared to net income of $11.8 million in Q2 2023. The results were impacted by a loss on the sale of an investment property and a previous gain on sales.

FFO for the quarter was $13.9 million, or $0.20 per share and unit, down from $14.7 million in Q2 2023. AFFO was $15.7 million, or $0.22 per share and unit, slightly down from $15.9 million in the prior year.

GMRE entered into a purchase agreement for a 15-property outpatient medical real estate portfolio worth $80.3 million, closing on five properties for $30.8 million in July. Portfolio occupancy was 96.2% by June 30, 2024.

Rental revenue decreased by 5.8% year-over-year to $34.2 million, with total expenses also reducing to $32.8 million from $35 million. Interest expense for the quarter was $7 million, down from $8.5 million. The company did not issue any shares under its ATM program in Q2 2024.

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Global Medical REIT Inc. (NYSE: GMRE), a net-lease medical REIT, has announced its schedule for the second quarter 2024 earnings release and webcast. The company will release its financial results after market close on Tuesday, August 6, 2024. A conference call to discuss the results is scheduled for Wednesday, August 7, 2024, at 9:00 a.m. Eastern Time.

The call will be hosted by key executives including CEO Jeffrey Busch, CFO Robert Kiernan, and CIO Alfonzo Leon. Participants can access the webcast through the company's investor information section or join via dial-in. A replay will be available until August 21, 2024.

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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.

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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.

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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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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. (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 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. (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 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

NYSE:GMRE

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GMRE Stock Data

500.25M
63.10M
5.65%
63.7%
2.01%
REIT - Healthcare Facilities
Real Estate Investment Trusts
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United States
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