Global Medical REIT (GMRE) Q3 FFO and Revenues Miss Estimates

Core Viewpoint - Global Medical REIT (GMRE) reported quarterly funds from operations (FFO) of $0.22 per share, missing the Zacks Consensus Estimate of$0.23 per share, representing a -4.35% surprise [1] Financial Performance - The company posted revenues of $34.26 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.77$35.51 million [2] - Over the last four quarters, GMRE has not surpassed consensus FFO or revenue estimates [2] Stock Performance - GMRE shares have declined approximately 16.9% since the beginning of the year, while the S&P 500 has gained 21.2% [3] - The current consensus FFO estimate for the coming quarter is $0.23 on revenues of$35.65 million, and for the current fiscal year, it is $0.92 on revenues of$139.89 million [7] Industry Outlook - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the top 24% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]