Global Medical REIT(US:GMRE)2025-05-08 13:36Financial 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]