Global Medical REIT Inc. - GMRE STOCK NEWS

Global Medical REIT Inc. (NYSE: GMRE) invested $51 million in medical real estate during Q3 2022, raising its total investments to $149 million for the year. The company achieved a net income of $8.1 million ($0.12 per diluted share), up from $3.7 million ($0.06) YoY. Revenue increased 18.1% to $35.4 million, driven by acquisitions. The company secured a $150 million term loan, locking in 80% of its debt at fixed rates. Occupancy stands at 97%, reflecting portfolio strength. Dividends for the third quarter were declared at $0.21 per share.

Global Medical REIT Inc. (NYSE: GMRE) announced it will release its third quarter 2022 financial results on November 2, 2022, after the market closes. A conference call to discuss these results is scheduled for November 3, 2022, at 9:00 a.m. Eastern Time. The call will feature key executives including Jeffrey Busch, Robert Kiernan, and Alfonzo Leon. Investors can access the call via a live webcast or by dialing in. Replay options will be available post-call.

Global Medical REIT (NYSE: GMRE) has declared its 2022 third quarter cash dividend of $0.21 per share for common stock, payable on October 11, 2022. The ex-dividend date is September 23, 2022. Additionally, a cash dividend of $0.46875 per share on its Series A Preferred Stock is scheduled for payment on October 31, 2022, with a record date of October 15, 2022. GMRE focuses on acquiring specialized healthcare facilities and leasing them to prominent healthcare systems.

Global Medical REIT (NYSE: GMRE) reported a net income of $2.2 million or $0.03 per diluted share for Q2 2022, down from $2.6 million or $0.04 per diluted share year-on-year. Funds from Operations (FFO) rose to $16.4 million ($0.24/share), up from $14.1 million ($0.22/share) in Q2 2021. Total revenue increased by 19.2% to $33.7 million due to acquisition activity. The company acquired properties worth $74 million and amended its credit facility to add a $150 million term loan. As of June 30, 2022, portfolio occupancy stood at 96.5%. The company declared a dividend of $0.21 per share for Q2 2022.

Global Medical REIT Inc. (NYSE: GMRE) plans to release its Q2 2022 financial results after market close on August 3, 2022. A conference call to discuss the results will occur on August 4, 2022, at 9:00 a.m. ET. Key executives including Chairman Jeffrey Busch and CFO Robert Kiernan will host the call. Interested parties can access the call via webcast or through a dial-in number. A replay will be available starting at 12:00 p.m. ET on August 4 until midnight on August 18, 2022.

Global Medical REIT (NYSE: GMRE) announced the declaration of its second-quarter dividends for 2022. Shareholders will receive a cash dividend of $0.21 per share of common stock on July 8, 2022, with a record date of June 24, 2022. The Series A Preferred Dividend is set at $0.46875 per share, payable on August 1, 2022, with a record date of July 15, 2022. This reflects the company's ongoing commitment to reward its investors.

Global Medical REIT (NYSE: GMRE) reported a strong first quarter of 2022, with net income attributable to common stockholders reaching $2.7 million, or $0.04 per diluted share, up from $1.8 million in the same period last year. Total revenue rose by 16.5% year-over-year to $31.9 million, driven by four completed acquisitions totaling $24 million at a 7.2% cap rate. Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO) stood at $16.0 million and $16.8 million, respectively. The company remains well-positioned with approximately $1.4 billion in assets and a solid balance sheet.

Global Medical REIT Inc. (NYSE: GMRE) announced its plans to release first quarter 2022 financial results after market close on May 4, 2022. A conference call to discuss these results will be held on May 5, 2022, at 9:00 a.m. Eastern Time, featuring CEO Jeffrey Busch, CFO Robert Kiernan, and CIO Alfonzo Leon. Investors can access the call via a live webcast on the company’s investor website. A replay will be available starting 12:00 p.m. Eastern Time on the same day, lasting until midnight Eastern Time on May 19, 2022.

Global Medical REIT (NYSE: GMRE) has announced its first quarter 2022 cash dividends for common and preferred stock. The common dividend is set at $0.21 per share, payable on April 8, 2022 to stockholders of record by March 25, 2022. Additionally, a quarterly dividend of $0.46875 per share will be paid on Series A Preferred Stock on May 2, 2022, for stockholders recorded by April 15, 2022. GMRE focuses on acquiring and leasing medical office facilities to leading healthcare providers.