Global Medical REIT, Inc.

Symbol: GMRE
CIK: 1533615
Exchange: NYSE
Founded: 2011 (8 years)
HQ: Bethesda, MD, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Health Care
Externally Managed REIT

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See GMRE on SEC.gov

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Overall Score: 7.0

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day December 4, 2019


Open Price: $13.75
Closing Price: $13.64
Price Change: -0.12 (-0.872%)
Lowest Price: $13.55
Highest Price: $13.76

52-Week Low: $8.15
52-Week High: $14.07
52-Week Change: 42.15%

5 Day Price Change: 3.30%
1 Month Price Change: 16.71%
3 Month Price Change: 26.12%
6 Month Price Change: 31.17%
YTD Price Change: 53.92%
1 Year Price Change: 42.15%
2 Year Price Change: 51.88%
5 Year Price Change: -77.07%

Dividend of Trading Day December 4, 2019


Dividend Yield: 5.865%*
Annualized Dividend: $0.8*
Dividend Yield (TTM): 5.814%
Annualized Dividend (TTM): $0.8
Ex Dividend Date: 2019-09-24
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day December 4, 2019


Total Cash: $6,595,000
Current Debt: $136,000
Revenue: $53,892,000
Gross Profit: $27,200,000
Total Revenue: $53,892,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $39,830,000
Revenue Per Share: $1
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): 1.17
Profit Margin: 0.25%
Enterprise Value (EV): $869,465,952
Enterprise Value to Revenue (EV/R): 16.13
Price to Sales (P/S): 10.41
Price to Book (P/B): 1.88
Peg Ratio: 0.37
P/E Ratio: 36.32
P/E High: 37.03
P/E Low: 21.45
Forward P/E Ratio: 107.08
Market Capitalization: $549,768,384
Beta: 0.23
Latest Volume: 210,771.00
Avg. Total Volume: 341,296
Avg. 10 Volume: 549,783.70
Avg. 30 Volume: 341,295.93
TTM EPS: 0.38
TTM Dividend Rate: 0.80
Shares Outstanding: 36,371,600
Float: 32,513,409.79
50-Day Moving Avg.: 12.19
200-Day Moving Avg.: 10.91

Latest REIT Community Comments on #GMRE


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Properties Owned by GMRE


Properties owned:
91
Types:
1
States:
27
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
GMRE Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by GMRE, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 8,691,000 5,872,000 3,308,000 4,843,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 3,518,000 3,296,000 1,752,000
Property, Plant & Equipment Net 3,094,000 3,111,000 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 35,844,000 0
Other Assets 1,556,000 12,567,000 13,367,000 968,000
Net Tangible Assets 340,988,000 331,176,000 296,233,000 269,295,000
Total Assets 812,318,000 750,722,000 656,690,000 636,099,000
Accounts Payable 0 0 0 0
Liabilities (Other) 36,603,000 32,530,000 27,483,000 21,342,000
Current Liabilities (Other) 9,470,000 9,081,000 8,985,000 6,981,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 35,000 68,000 101,000 136,000
Long-term Debt 404,209,000 356,589,000 258,544,000 314,871,000
Total Liabilities 440,875,000 389,119,000 286,128,000 336,349,000
Minority Interest 83,000 103,000 60,000 1,013,000
Common Stock 36,290,000 35,000 35,000 26,000
Retained Earnings -63,846,000 -57,397,000 -51,390,000 -45,007,000
Treasury Stock 0 0 0 0
Capital Surplus 340,435,000 322,872,000 322,359,000 243,038,000
Shareholder Equity 340,988,000 331,176,000 340,220,000 269,295,000

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 18,238,000 17,159,000 15,477,000 14,638,000
Cost of Revenue 9,832,000 8,869,000 6,480,000 7,057,000
Gross Profit 8,406,000 8,290,000 8,997,000 7,581,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 11,513,000 10,509,000 9,409,000 8,425,000
Operating Income 6,557,000 6,594,000 6,068,000 6,123,000
Income Expense Net (Other) -4,249,000 -4,132,000 -4,025,000 3,381,000
EBIT 6,557,000 6,594,000 6,068,000 6,123,000
Interest Income 4,249,000 3,930,000 3,843,000 4,109,000
Pretax Income 2,308,000 2,462,000 2,043,000 9,504,000
Income Tax 0 0 0 0
Minority Interest 83,000 103,000 60,000 1,013,000
Net Income 2,225,000 2,359,000 1,983,000 8,491,000
Net Income Basic 770,000 904,000 528,000 7,036,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 2,225,000 2,359,000 1,983,000 8,491,000
Depreciation 6,735,000 6,138,000 5,146,000 4,863,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -699,000 2,564,000 -1,535,000 1,021,000
Cash Flow 10,017,000 10,516,000 6,148,000 5,734,000
Capital Expenditures -144,000 -94,815,000 -20,850,000 -47,507,000
Investments -65,968,000 -13,000 -1,683,000 32,577,000
Investing Activity (Other) 74,000 9,000 -122,000 -36,000
Total Investing Cash Flows -65,925,000 -94,819,000 -22,655,000 -15,187,000
Dividends Paid -9,154,000 -9,142,000 -7,236,000 -6,344,000
Net Borrowings 47,215,000 95,374,000 -56,664,000 -17,208,000
Cash Flow Financing 55,209,000 86,867,000 14,972,000 10,474,000
Financing Cash Flows (Other) 0 -72,000 -72,000 191,000
Exchange Rate Effect 0 0 0 0

About Global Medical REIT, Inc.


Global Medical REIT Inc. is a Maryland corporation engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to strong clinical operators with leading market share. The Company intends to produce increasing, reliable rental revenue by expanding its portfolio, and leasing each of its healthcare facilities to market-leading operators under a long-term, triple-net lease. The Company’s management team has significant healthcare, real estate and public real estate investment trust, or REIT, experience and has long-established relationships with a wide range of healthcare providers.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
2 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.2
3 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.9
4 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
7 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.9
Rating Leverage Section Avg. Rating
4 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
7 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
8 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
6 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
10 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.3
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
7.0 Overall REITRating™ Score 6.4

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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