Global Medical REIT Inc.

GMRE

US37954A2042

Specialized REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-05-24 pm EDT			5-day change	1st Jan Change
8.9 ^USD	+2.77%		0.00%	-19.82%

May. 13	B. Riley Securities Adjusts Global Medical REIT's Price Target to $10 From $11, Keeps Buy Rating	MT
May. 08	Transcript : Global Medical REIT Inc., Q1 2024 Earnings Call, May 08, 2024

Global Medical REIT Inc. entered into a purchase agreement to acquire 15-property portfolio of outpatient medical real estate for $81.3 million.

May 06, 2024

Global Medical REIT Inc. (NYSE:GMRE) entered into a purchase agreement to acquire 15-property portfolio of outpatient medical real estate for $81.3 million on May 7, 2024. The acquisition takes place in two tranches, with the first tranche (approximately $30 million - $35 million) closing in the third quarter of 2024 and the remainder closing in the fourth quarter of 2024. The acquisition is subject to certain customary terms and conditions, including due diligence reviews.

Latest news about Global Medical REIT Inc.

B. Riley Securities Adjusts Global Medical REIT's Price Target to $10 From $11, Keeps Buy Rating	May. 13	MT
Transcript : Global Medical REIT Inc., Q1 2024 Earnings Call, May 08, 2024	May. 08
Earnings Flash (GMRE) GLOBAL MEDICAL REIT Reports Q1 Revenue $35.1M	May. 07	MT
Global Medical REIT Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 07	CI
Global Medical REIT Inc. entered into a purchase agreement to acquire 15-property portfolio of outpatient medical real estate for $81.3 million.	May. 06	CI
Global Medical REIT Keeps Quarterly Dividend at $0.21 Per Share, Payable April 9 to Shareholders on March 22	Mar. 07	MT
Global Medical REIT Inc. Declares Cash Dividend for the First Quarter 2024, Payable on April 9, 2024	Mar. 07	CI
Transcript : Global Medical REIT Inc., Q4 2023 Earnings Call, Feb 28, 2024	Feb. 28
Global Medical REIT Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Feb. 27	CI
Earnings Flash (GMRE) GLOBAL MEDICAL REIT Reports Q4 Revenue $33M	Feb. 27	MT
Global Medical REIT Maintains Quarterly Dividend at $0.21 a Share, Payable Jan. 9 to Shareholders as of Dec. 27	Dec. 12	MT
Global Medical REIT Inc. Declares 2023 Fourth Quarter Common Stock Dividend, Payable on January 9, 2024	Dec. 12	CI
Transcript : Global Medical REIT Inc., Q3 2023 Earnings Call, Nov 07, 2023	Nov. 07
Earnings Flash (GMRE) GLOBAL MEDICAL REIT Posts Q3 Revenue $35.5M	Nov. 06	MT
Global Medical REIT Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 06	CI
Global Medical REIT Keeps Quarterly Dividend at $0.21 a Share, Payable Oct. 10 to Shareholders of Record as of Sept. 22	23-09-08	MT
Global Medical Reit Inc. Declares the Cash Dividend for Third Quarter 2023 ,Payable on October 10, 2023	23-09-08	CI
Transcript : Global Medical REIT Inc., Q2 2023 Earnings Call, Aug 03, 2023	23-08-03
Earnings Flash (GMRE) GLOBAL MEDICAL REIT Reports Q2 Revenue $36.4M	23-08-02	MT
Global Medical REIT Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-02	CI
An unknown buyer acquired Medical office building located in North Charleston, South Carolina from Global Medical REIT Inc. for $10.1 million.	23-08-01	CI
An unknown buyer acquired a portfolio of four medical office buildings in Oklahoma City, Oklahoma from Global Medical REIT Inc. for $66 million.	23-08-01	CI
Global Medical Keeps Quarterly Dividend at $0.21 per Share, Payable July 11 to Holders of Record June 23	23-06-09	MT
Global Medical REIT Inc. Announces 2023 Second Quarter Common Dividend, Payable on July 11, 2023	23-06-09	CI
B. Riley Trims Global Medical REIT's Price Target to $11 From $12 After Q1 Results Missed Expectations, Keeps Buy Rating	23-05-08	MT

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Company Profile

Global Medical REIT Inc. is an internally managed real estate investment trust (REIT). The Company acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems. The Company conducts its business through a wholly owned subsidiaries of its operating partnership, Global Medical REIT L.P. It owns 92.91% of the outstanding common operating partnership units (OP Units) of its operating partnership, with an aggregate of 7.09% of the Operating Partnership owned by holders of long-term incentive plan units (LTIP Units) and third-party limited partners who contributed properties or services to the operating partnership in exchange for OP Units. Its portfolio includes medical office buildings (MOBs), inpatient rehab. facility (IRF), surgical hospital and others. The Company's portfolio is located in various areas, including Texas, Florida, Ohio, Oklahoma, Pennsylvania, Arizona, and Illinois.

Sector

Specialized REITs

Calendar

2024-07-30 - Q2 2024 Earnings Release (Projected)

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Russell 2000

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Ratings for Global Medical REIT Inc.

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

8.9 USD

Average target price

10.29 USD

Spread / Average Target

+15.64%

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