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Global Medical REIT (GMRE) Q1 FFO and Revenues Miss Estimates
Zacks Investment Research· 2024-05-07 23:56
Global Medical REIT (GMRE) came out with quarterly funds from operations (FFO) of $0.23 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to FFO of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -4.17%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.24 per share when it actually produced FFO of $0.23, delivering a surprise of -4.17%.Over the last fou ...
Global Medical REIT(GMRE) - 2024 Q1 - Quarterly Results
2024-05-07 20:48
Exhibit 99.1 Global Medical REIT Announces First Quarter 2024 Financial Results Bethesda, MD – May 7, 2024 – (BUSINESS WIRE) – Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical real estate investment trust (REIT) that acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems, today announced financial results for the three months ended March 31, 2024 and other data. Jeffrey M. Busch, Chairman, Chief Executiv ...
Global Medical REIT(GMRE) - 2023 Q4 - Annual Report
2024-02-28 21:07
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-37815 Global Medical REIT Inc. (Exact name of registrant as specified in its charter) | Maryland ...
Global Medical REIT(GMRE) - 2023 Q4 - Earnings Call Transcript
2024-02-28 16:52
Global Medical REIT, Inc. (NYSE:GMRE) Q4 2023 Earnings Conference Call February 28, 2024 9:00 AM ET Company Participants Stephen Swett - ICR Jeffery Busch - Chairman, President & CEO Alfonzo Leon - CIO Robert Kiernan - CFO & Treasurer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Robert Stevenson - Janney Montgomery Scott Bryan Maher - B. Riley Securities Alec Feygin - Robert W. Baird & Co. Operator Greetings, and welcome to the Global Medical REIT Fourth Quarter 2023 Earnings Cal ...
Global Medical REIT(GMRE) - 2023 Q4 - Earnings Call Presentation
2024-02-28 14:44
AL REIT Infusion Services Atrium Health – Winston-Salem, NC www.globalmedicalreit.com NYSE: GMRE Forward-Looking Statements Certain statements contained herein may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is the Company's intent that any such statements be protected by the safe harbor created thereby. These forward-looking statements are identified by their use of terms and phrases such as "anticipate," "believe," "could," ...
Global Medical REIT(GMRE) - 2023 Q4 - Annual Results
2024-02-27 21:31
Exhibit 99.1 Global Medical REIT Announces Fourth Quarter and Year-End 2023 Financial Results Net Proceeds From 2023 Dispositions Used to Reduce Leverage and Position Company for Growth Interest expense for the fourth quarter was $7.0 million, compared to $8.1 million for the comparable prior year period. This change reflects the impact of lower average borrowings and lower interest rates compared to the prior year period. Bethesda, MD – February 27, 2024 – (BUSINESS WIRE) – Global Medical REIT Inc. (NYSE: ...
Global Medical REIT(GMRE) - 2023 Q3 - Quarterly Report
2023-11-07 21:05
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________. Commission file number: 001-37815 Global Medical REIT Inc. (Exact name of registrant as specified in its charter) | Maryl ...
Global Medical REIT(GMRE) - 2023 Q3 - Earnings Call Transcript
2023-11-07 19:30
Global Medical REIT, Inc. (NYSE:GMRE) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET Company Participants Stephen Swett - ICR Alfonzo Leon - CIO Robert Kiernan - CFO & Treasurer Jeffery Busch - Chairman, President & CEO Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Juan Sanabria - BMO Capital Markets Robert Stevenson - Janney Montgomery Scott Alexander Kubicek - Robert W. Baird & Co. Bryan Maher - B. Riley Securities Operator Greetings, and welcome to the Global Medi ...
Global Medical REIT(GMRE) - 2023 Q3 - Earnings Call Presentation
2023-11-07 17:24
PORTFOLIO STATISTICS | --- | --- | |------------------------------------------------|--------| | | | | Gross Investment in Real Estate (in billions) | $1.4 | | Total Buildings | 185 | | Total Leasable Square Feet (in millions) | 4.7 | | Total Tenants | 268 | | Leased Occupancy | 96.7% | | Total Annualized Base Rent (ABR) (in millions) | $111.4 | | Portfolio Rent Coverage* | 4.2x | | Weighted Average Cap Rate | 7.9% | | Weighted Average Lease Term (years) | 5.7 | | Weighted Average Rent Escalations | 2.1% | ...
Global Medical REIT(GMRE) - 2023 Q2 - Quarterly Report
2023-08-04 20:03
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________. Commission file number: 001-37815 Global Medical REIT Inc. (Exact name of registrant as specified in its charter) | Maryland 4 ...