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Global Medical REIT(GMRE) - 2025 Q3 - Earnings Call Presentation
2025-11-05 14:00
St. Joseph's Medical Plaza – Tucson, AZ THIRD QUARTER 2025 EARNINGS SUPPLEMENTAL www.globalmedicalreit.com NYSE: GMRE TABLE OF CONTENTS Legent Hospital for Special Surgery – Plano, TX | Company Overview | 3 | | --- | --- | | Select Quarterly Financial Data | 6 | | Business Summary | 7 | | Acquisitions / Dispositions | 8 | | Portfolio Summary | 9 | | Key Tenants | 11 | | Debt and Hedging Summary | 12 | | Total Capitalization and Equity | 14 | | Summary | | | Condensed Consolidated | 15 | | Statements of Oper ...
Global Medical REIT(GMRE) - 2025 Q2 - Earnings Call Presentation
2025-08-06 13:00
Financial Performance - Net loss attributable to common stockholders was $0.8 million, or $0.01 per diluted share[24], compared to a $3.1 million loss, or $0.05 per diluted share, in the prior year period[24] - Funds from operations (FFO) attributable to common stockholders and noncontrolling interest was $14.3 million, or $0.20 per share and unit[24], compared to $13.9 million, or $0.20 per share and unit, in the prior year period[24] - Adjusted funds from operations (AFFO) attributable to common stockholders and noncontrolling interest was $16.6 million, or $0.23 per share and unit[24], compared to $15.7 million, or $0.22 per share and unit, in the prior year period[24] - The company reaffirms its full year 2025 AFFO per share and unit guidance of $0.89 to $0.93[24] Portfolio and Investment Activities - Gross investment in real estate totaled $1.5 billion[9, 30] with 193 buildings across 35 states[9] - The company completed acquisitions of medical properties for an aggregate purchase price of $38.1 million with annualized base rent of $3.6 million in April 2025[24] - The company sold a medical facility in Chipley, Florida for gross proceeds of $1.4 million, resulting in a gain of $0.2 million[24] - Total annualized base rent (ABR) for the portfolio is $117.5 million[30] with a weighted average cap rate of 8.0%[9, 30] and leased occupancy of 94.5%[9, 30] Debt and Capitalization - The company's leverage was 47.2% as of June 30, 2025[24], and Net Debt / Annualized Adjusted EBITDAre was 6.8x for the second quarter of 2025[24] - As of August 4, 2025, the company's borrowing capacity under the credit facility was $177 million[24]
Global Medical REIT(GMRE) - 2025 Q1 - Earnings Call Presentation
2025-05-08 13:36
Financial Performance - Net income attributable to common stockholders was $2.1 million, or $0.03 per diluted share, compared to $0.8 million, or $0.01 per diluted share, in the prior year period[24] - Funds from operations (FFO) attributable to common stockholders and noncontrolling interest was $14.8 million, or $0.20 per share and unit, compared to $14.9 million, or $0.21 per share and unit, in the prior year period[24] - Adjusted funds from operations (AFFO) attributable to common stockholders and noncontrolling interest was $16.0 million, or $0.22 per share and unit, compared to $16.5 million, or $0.23 per share and unit, in the prior year period[24] - Rental revenue was $34.595 million, compared to $35.069 million in the same period last year[20, 66] Portfolio and Investment Activities - The company completed acquisitions of five properties for $69.6 million with an annualized base rent of $6.3 million, reflecting a 9.0% cap rate[24, 25] - Disposed of two medical facilities for $8.2 million, resulting in a gain of $1.4 million; the cap rate on the sale of the occupied facility was 6.7%[24, 26] - Gross investment in real estate totals $1.5 billion, comprising 191 buildings across 35 states with a leased occupancy of 95.6%[11, 29] - Total annualized base rent (ABR) is $113.4 million with a weighted average cap rate of 7.9%[29] Capital Structure and Debt - Leverage was 46.1% as of March 31, 2025[24, 46] - Total gross debt was $681.361 million with a weighted average interest rate of 3.84%[46] - Borrowing capacity under the credit facility was $187 million as of May 6, 2025[24] - Fixed-rate debt accounts for 75% of total debt[46]