Global Medical REIT (NYSE:GMRE) Issues Quarterly Earnings Results

Global Medical REIT (NYSE:GMRE) released its quarterly earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.21, Zacks reports. The business had revenue of $35.16 million for the quarter, compared to the consensus estimate of $34.87 million. Global Medical REIT had a net margin of 3.23% and a return on equity of 0.86%. Global Medical REIT updated its FY 2025 guidance to 0.890-0.930 EPS.

Global Medical REIT Price Performance

Shares of GMRE stock traded up $0.41 on Friday, hitting $8.89. 274,666 shares of the stock traded hands, compared to its average volume of 468,828. The firm has a market cap of $593.54 million, a price-to-earnings ratio of -443.53, a PEG ratio of 1.43 and a beta of 1.24. The firm has a 50 day simple moving average of $7.95 and a two-hundred day simple moving average of $8.75. Global Medical REIT has a 52 week low of $7.33 and a 52 week high of $10.46. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.28 and a quick ratio of 0.28.

Global Medical REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a dividend of $0.21 per share. The ex-dividend date was Friday, December 20th. This represents a $0.84 annualized dividend and a dividend yield of 9.45%. Global Medical REIT’s payout ratio is -4,200.00%.

About Global Medical REIT

Global Medical REIT Inc (GMRE) is a net-lease medical office real estate investment trust (REIT) that owns and acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems.