Global Medical REIT Inc ( (GMRE) ) has released its Q1 earnings. Here is a breakdown of the information Global Medical REIT Inc presented to its investors.
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Global Medical REIT Inc., a net-lease medical real estate investment trust, focuses on acquiring healthcare facilities and leasing them to healthcare systems and physician groups. In its first quarter of 2025, the company reported steady financial results, highlighted by the completion of a $69.6 million acquisition of a five-property medical portfolio, aligning with its strategic investment criteria. The company’s financial performance showed a net income of $2.1 million, an increase from the previous year, while its funds from operations and adjusted funds from operations slightly decreased compared to the prior year. The portfolio’s occupancy rate stood at 95.6%, and the company completed the sale of two medical facilities, generating a gain of $1.4 million. Looking ahead, Global Medical REIT reaffirms its full-year 2025 AFFO guidance, indicating a stable outlook as it continues to seek acquisition opportunities that meet its investment standards.