Global Medical REIT(US:GMRE)2023-08-03 19:59Portfolio Composition and Performance - The company's gross investment in real estate totals $1.4 billion[39] - The portfolio consists of 186 buildings[26, 39] - Leased occupancy stands at 97%[26, 39] - Total Annualized Base Rent (ABR) is $111.3 million[26] - The weighted average portfolio cap rate is 7.9%[26, 39] - The weighted average lease term is 5.8 years[26, 39] Financial Highlights - Rental revenue for the quarter ended June 30, 2023, was $36.317 million[32, 83], compared to $33.679 million for the same period in 2022[32, 83], representing a 7.9% increase[25] - Net income attributable to common stockholders was $11.820 million, or $0.18 per diluted share[32, 33, 83], compared to $2.236 million, or $0.03 per diluted share, in the comparable prior year period[32, 33, 83] - Funds From Operations (FFO) was $14.7 million, or $0.21 per share and unit[33], compared to $16.4 million, or $0.24 per share and unit, in the comparable prior year period[33] - Adjusted Funds From Operations (AFFO) was $15.9 million, or $0.23 per share and unit[33], compared to $17.6 million, or $0.25 per share and unit, in the comparable prior year period[33] Debt and Capitalization - Total gross debt is $633.639 million[57, 68] - Fixed-rate debt accounts for 88% of total debt[68, 69] - The weighted average interest rate is 4.09%[57, 68] - Leverage ratio was 44.5% as of June 30, 2023[24, 54, 68]