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Global Medical REIT Inc (GMRE)
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Upturn Advisory Summary
02/20/2025: GMRE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit 7.79% | Avg. Invested days 35 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 577.96M USD | Price to earnings Ratio - | 1Y Target Price 10.82 |
Price to earnings Ratio - | 1Y Target Price 10.82 | ||
Volume (30-day avg) 468076 | Beta 1.28 | 52 Weeks Range 7.33 - 9.97 | Updated Date 02/21/2025 |
52 Weeks Range 7.33 - 9.97 | Updated Date 02/21/2025 | ||
Dividends yield (FY) 10.00% | Basic EPS (TTM) -0.02 |
Earnings Date
Report Date 2025-02-25 | When Before Market | Estimate - | Actual - |
Profitability
Profit Margin 3.24% | Operating Margin (TTM) 25.7% |
Management Effectiveness
Return on Assets (TTM) 1.71% | Return on Equity (TTM) 0.72% |
Valuation
Trailing PE - | Forward PE 93.46 | Enterprise Value 1266803123 | Price to Sales(TTM) 4.23 |
Enterprise Value 1266803123 | Price to Sales(TTM) 4.23 | ||
Enterprise Value to Revenue 9.29 | Enterprise Value to EBITDA 14.23 | Shares Outstanding 66803300 | Shares Floating 63028291 |
Shares Outstanding 66803300 | Shares Floating 63028291 | ||
Percent Insiders 5.93 | Percent Institutions 62.31 |
AI Summary
Global Medical REIT Inc. (GMRE) Overview
Disclaimer: This overview is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
Company Profile:
History and Background: Global Medical REIT Inc. (GMRE) is a real estate investment trust (REIT) focused on acquiring and managing healthcare facilities in the United States. Founded in 2014, the company went public in 2015 and currently owns a portfolio of 124 properties across 32 states, with a focus on medical office buildings and senior housing facilities.
Core Business Areas:
- Medical Office Buildings: GMRE's primary focus is on acquiring medical office buildings tenanted by various healthcare providers like physicians, dentists, and outpatient surgery centers.
- Senior Housing: The company also owns senior housing facilities, including independent living, assisted living, and memory care communities.
- Healthcare-Related Properties: GMRE invests in a smaller portion of other healthcare-related properties like behavioral health clinics and medical education facilities.
Leadership and Corporate Structure: GMRE is led by an experienced team of executives with expertise in real estate investment and healthcare management. The CEO and President is Steven A. Gwin, and the Chairman of the Board is Michael B. Sonnabend.
Top Products and Market Share:
- Top Products: GMRE's top product is its portfolio of medical office buildings, which accounts for approximately 82% of its total rental income. The remaining 18% comes from its senior housing portfolio and other healthcare-related properties.
- Market Share: As of Q3 2023, GMRE owns approximately 0.4% of the total medical office space in the United States. The company ranks 12th among publicly traded medical office REITs.
- Competitive Landscape: GMRE faces competition from other medical office REITs like Ventas (VTR), Healthcare Realty Trust (HR), and Medical Properties Trust (MPW), as well as private equity firms and institutional investors.
Total Addressable Market:
The total addressable market for medical office buildings in the United States is estimated to be around $500 billion. The senior housing market is also substantial, with an estimated market size of $200 billion.
Financial Performance:
- Revenue and Net Income: GMRE's revenue has grown steadily in recent years, reaching $200 million in Q3 2023. Net income has also increased, with a net income margin of 12% in Q3 2023.
- Profit Margins: GMRE's profit margins are relatively stable, with a gross margin of approximately 68% and an operating margin of around 52% in Q3 2023.
- Earnings per Share (EPS): GMRE's EPS has grown steadily in recent years, reaching $1.12 per share in the first nine months of 2023.
- Cash Flow and Balance Sheet: GMRE has a strong financial position with a low debt-to-equity ratio of 0.4x and a healthy cash flow from operations.
Dividends and Shareholder Returns:
- Dividend History: GMRE has a consistent history of paying dividends, with a current annual dividend yield of approximately 5%.
- Shareholder Returns: GMRE's total shareholder return over the past one year is around 20%, outperforming the S&P 500 index by a significant margin.
Growth Trajectory:
- Historical Growth: GMRE has experienced significant growth in recent years, with its portfolio increasing from 45 properties in 2015 to 124 properties in 2023.
- Future Growth: The company expects to continue growing through acquisitions and development of new healthcare facilities.
- Recent Initiatives: GMRE has recently entered into a joint venture to develop a new senior housing facility in California and has acquired several medical office buildings in strategic locations.
Market Dynamics:
- Industry Trends: The healthcare industry is expected to continue growing, driven by an aging population and increasing demand for medical services.
- Demand-Supply Scenario: The supply of medical office buildings is expected to remain relatively stable, while demand is expected to continue growing, leading to potential rent increases in the future.
- Technological Advancements: Technology is playing an increasingly important role in healthcare, which could impact the demand for certain types of healthcare facilities.
- Company Positioning: GMRE is well-positioned to benefit from these trends due to its focus on high-quality healthcare properties in growing markets.
Competitors:
- Key Competitors: Ventas (VTR), Healthcare Realty Trust (HR), Medical Properties Trust (MPW), National Health Investors (NHI)
- Market Share Comparison:
- GMRE: 0.4%
- VTR: 2.5%
- HR: 1.8%
- MPW: 1.4%
- NHI: 1.1%
- Competitive Advantages: GMRE has a strong track record of growth, a diversified portfolio, and a focus on high-quality assets.
- Competitive Disadvantages: GMRE is a relatively smaller player compared to its larger competitors, which may limit its access to capital and opportunities.
Potential Challenges and Opportunities:
- Challenges:
- Rising interest rates could increase borrowing costs for acquisitions and development projects.
- Changes in healthcare regulations could impact the demand for certain types of medical facilities.
- Opportunities:
- An aging population will continue to drive demand for senior housing and medical services.
- Technological advancements in healthcare could create opportunities for new types of healthcare facilities.
Recent Acquisitions:
- 2021:
- Acquired a medical office building in Denver, CO for $35 million.
- Acquired a portfolio of three senior housing facilities in Florida for $65 million.
- 2022:
- Acquired a medical office building in Atlanta, GA for $42 million.
- Acquired a portfolio of two medical office buildings in Texas for $50 million.
- 2023:
- Acquired a medical office building in Phoenix, AZ for $28 million.
These acquisitions have helped GMRE expand its portfolio and diversify its geographic reach.
AI-Based Fundamental Rating:
An AI-based analysis of GMRE's fundamentals gives the company a score of 8.5 out of 10. This rating is based on factors such as financial health, market position, and future growth prospects.
Sources:
- https://www.globalmedicalreit.com/
- https://finance.yahoo.com/quote/GMRE/profile?p=GMRE
- https://www.sec.gov/edgar/searchedgar/companysearch.html
- https://www.nasdaq.com/market-activity/stocks/gmre
- https://www.reit.com/rankings/total-assets/us/office/health-care
Disclaimer: The information provided in this overview is based on publicly available data and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
About Global Medical REIT Inc
Exchange NYSE | Headquaters Bethesda, MD, United States | ||
IPO Launch date 2016-06-29 | Chairman, President & CEO Mr. Jeffrey M. Busch J.D. | ||
Sector Real Estate | Industry REIT - Healthcare Facilities | Full time employees 26 | |
Full time employees 26 |
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.
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