Financial PerformanceAdjusted AFFO (FAD) came in above the Street expectations.
Investment StrategyThe company formed a new venture with Heitman, focusing on achieving cash-on-cash returns through a core-plus investment strategy, enabling GMRE to expand its acquisition pipeline without taking on additional balance sheet risk while earning ancillary fees from managing the assets.
LeadershipGMRE announced it has appointed Mark Decker as CEO, a positive for shares.