Global Medical REIT (NYSE:GMRE) Releases Earnings Results, Beats Estimates By $0.21 EPS

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

Global Medical REIT Stock Performance

Shares of GMRE opened at $8.83 on Friday. The stock has a market capitalization of $589.67 million, a price-to-earnings ratio of -441.13, a PEG ratio of 1.43 and a beta of 1.24. Global Medical REIT has a 12 month low of $7.33 and a 12 month high of $10.46. The firm has a fifty day simple moving average of $7.97 and a 200 day simple moving average of $8.75. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.26.

Global Medical REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Friday, March 21st will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.52%. The ex-dividend date of this dividend is Friday, March 21st. Global Medical REIT’s dividend payout ratio is presently -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.