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Global Medical REIT (GMRE)
NYSE:GMRE
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.01Last Year’s EPS
-0.05Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: -17.43%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment. While the company achieved strategic acquisitions and a significant increase in net income, it faced challenges such as decreased total revenues, the impact of Prospect Medical Group's bankruptcy, and a decline in FFO and AFFO. The ongoing CEO succession plan and successful property sales were positive aspects, but the negative elements balanced out the highlights.Company Guidance
During the Global Medical REIT first quarter 2025 earnings call, the company provided several key metrics and guidance for the fiscal year. Portfolio occupancy was reported at 95.6% with a weighted average lease term of 5.6 years and an average rent coverage ratio of 4.4x. Net income attributable to common shareholders was $2.1 million, or $0.03 per share, compared to $800,000, or $0.01 per share, in the same quarter the previous year. The Funds from Operations (FFO) per share and unit was $0.20, while Adjusted Funds from Operations (AFFO) was $0.22 per share and unit, both marking a $0.01 decrease from the prior year. The company's 2025 guidance reaffirmed an AFFO per share and unit range of $0.89 to $0.93, with no assumptions for additional acquisitions or dispositions beyond what has been completed or announced. Additionally, the guidance excludes one-time expenses related to the CEO succession plan. The company completed the acquisition of a five-property portfolio for $69.6 million at a 9% cap rate and disposed of two medical properties for $8.2 million, resulting in a $1.4 million gain. Future plans include carefully considering further acquisition opportunities while maintaining leverage within a targeted range of 40% to 45%.Strong Portfolio Performance
Portfolio occupancy was 95.6% with a weighted average lease term of 5.6 years and a portfolio average rent coverage ratio of 4.4x.
Net Income Increase
Net income attributable to common shareholders increased to $2.1 million or $0.03 per share from $800,000 or $0.01 per share in the first quarter of 2024.
Strategic Acquisitions
Closed a five-property portfolio acquisition for $69.6 million at a 9% cap rate, significantly below replacement cost, demonstrating strategic alignment and growth.
Successful Dispositions
Completed the sale of two medical properties, generating aggregate gross proceeds of $8.2 million with an aggregate gain of $1.4 million.
CEO Succession Plan Progress
The transition plan for a new CEO is on track, with a candidate expected to be in place by June 30, 2025.
GMRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GMRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $7.69 | $6.94 | -9.75% |
Feb 27, 2025 | $8.28 | $8.59 | +3.74% |
Nov 06, 2024 | $8.79 | $8.53 | -2.96% |
Aug 06, 2024 | $8.62 | $8.30 | -3.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Global Medical REIT (GMRE) report earnings?
Global Medical REIT (GMRE) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Global Medical REIT (GMRE) earnings time?
Global Medical REIT (GMRE) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GMRE EPS forecast?
GMRE EPS forecast for the fiscal quarter 2025 (Q2) is 0.01.