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Global Medical REIT Inc. (GMRE) 10-Year Financial Performance & Capital Metrics

GMRE • • REIT / Real Estate
Real EstateHealthcare REITsMedical Office & Outpatient REITsMedical Office Building Specialists
AboutGlobal Medical REIT Inc. is net-lease medical office REIT that acquires purpose-built specialized healthcare facilities and leases those facilities to strong healthcare systems and physician groups with leading market share.Show more
  • Revenue $138M -1.8%
  • FFO $63M -21.2%
  • FFO/Share 23.78 -21.7%
  • FFO Payout 95.46% +28.8%
  • FFO per Share 23.78 -21.7%
  • NOI Margin 78.87% -1.5%
  • FFO Margin 45.31% -19.8%
  • ROE 1.14% -65.2%
  • ROA 0.53% -66.1%
  • Debt/Assets 52.02% +5.6%
  • Net Debt/EBITDA 7.29 +13.3%
  • Book Value/Share 210.78 -8.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High NOI margin of 78.9%
  • ✓Trading at only 0.2x book value

✗Weaknesses

  • ✗Weak 3Y average ROE of 2.5%
  • ✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y80.34%
5Y14.37%
3Y6.12%
TTM8.51%

Profit (Net Income) CAGR

10Y-
5Y-6.4%
3Y-27.8%
TTM-43.47%

EPS CAGR

10Y-
5Y-
3Y-
TTM-43.9%

ROCE

10Y Avg3.69%
5Y Avg5.08%
3Y Avg5.39%
Latest5.3%

Peer Comparison

Medical Office Building Specialists
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Momentum & Returns
Total Return (DRIP)
Technical
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
GMREGlobal Medical REIT Inc.483.6M36.07116.35-1.79%1.69%0.49%1.18
SILASila Realty Trust, Inc.1.33B24.1132.15-1.17%20.28%2.91%9.77%0.40

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+2.06M8.08M30.22M53.19M70.73M93.52M115.8M137.17M140.93M138.41M
Revenue Growth %4.42%2.92%2.74%0.76%0.33%0.32%0.24%0.18%0.03%-0.02%
Property Operating Expenses1.02M1.43M1.86M3.72M6.54M10.87M15.49M25.19M28.08M29.25M
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+1.52M8.1M18.61M27.23M14.25M82.65M63.33M73.27M74.99M76.48M
G&A Expenses865.14K5.73M8.61M9.96M14.25M29.96M16.45M16.55M16.85M21.12M
EBITDA+-865.14K8.21M30.34M53.58M73.7M53M84.3M96.37M96.87M88.76M
EBITDA Margin %----------
Depreciation & Amortization+659.67K10.43M23M31.33M23.76M36.82M47.31M57.66M59.01M56.08M
D&A / Revenue %----------
Operating Income+-1.52M-2.21M7.35M22.24M49.94M036.99M38.71M37.86M32.68M
Operating Margin %----------
Interest Expense+1.52M4.14M7.43M14.97M17.47M18.68M19.7M25.23M30.89M28.69M
Interest Coverage-1.00x-0.54x0.99x1.49x2.86x-1.88x1.53x1.23x1.14x
Non-Operating Income614K2.19M2.52M-7.29M22.88M-16.18M-1.05M-6.51M-14.76M-2.7M
Pretax Income+-1.61M-6.35M-87K14.56M9.59M-2.5M18.34M20M21.73M6.69M
Pretax Margin %----------
Income Tax+1.52M4.27M-49K0000000
Effective Tax Rate %----------
Net Income+-1.61M-6.35M-38K13.49M9.23M-1.93M17.62M19.14M20.61M6.63M
Net Margin %----------
Net Income Growth %-1.47%-2.95%0.99%356%-0.32%-1.21%10.15%0.09%0.08%-0.68%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %-0.82%5.29%4.64%0.95%-0.26%0.06%0.86%0.18%0.04%-0.21%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+-161.00-17.00-0.0515.25-6.00-11.25-0.86-2.005.750.31
EPS Growth %0.52%0.89%1%322.05%-1.39%-0.88%0.92%-1.34%3.88%-0.95%
EPS (Basic)-161.00-17.00-0.0515.25-6.00-11.25-0.86-2.005.750.31
Diluted Shares Outstanding10K372.08K784.68K878.84K1.35M1.85M2.43M2.62M2.62M2.64M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+65.33M227.32M474.57M636.1M884.93M1.1B1.26B1.39B1.27B1.26B
Asset Growth %1.64%2.48%1.09%0.34%0.39%0.24%0.15%0.1%-0.09%-0.01%
Real Estate & Other Assets+93.65K1.77M7.2M589.99M18.19M21.98M1.14B1.26B1.17B1.17B
PP&E (Net)55.15M196.37M426.26M139K792.98M978.71M3.81M5.03M10.97M7.27M
Investment Securities0-1000K-1000K-1000K000001000K
Total Current Assets+10.09M22.04M9.46M9.68M32.3M42.05M24.95M30.53M14.35M17.35M
Cash & Equivalents9.18M19.67M5.11M3.63M2.77M5.51M7.21M4.02M1.28M6.82M
Receivables23.3K212.44K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets901.94K03.64M2.96M10.37M10.75M11.5M18.27M6.12M2.84M
Intangible Assets07.14M31.65M36.29M41.46M52.27M87.94M91.31M65.97M54.07M
Total Liabilities65.47M72.29M215.56M336.35M424.58M643.15M625.91M744.2M661.89M700.57M
Total Debt+63.94M66.53M203.44M315.01M395.06M607.62M579.86M704.65M624.19M653.59M
Net Debt54.75M46.86M198.34M311.38M392.3M602.11M572.64M700.64M622.91M646.78M
Long-Term Debt23.49M66.11M200.69M315.01M386.17M586.58M57.16M57.67M25.9M14.4M
Short-Term Borrowings01000K01000K1000K1000K1000K1000K1000K1000K
Capital Lease Obligations0277.92K1.29M2.03M2.4M2.96M8.13M10.54M12.96M7.46M
Total Current Liabilities+1.53M32.46M173.59M288.03M24.84M37.84M540.58M670.53M619.34M671.45M
Accounts Payable683.86K574K2.02M3.66M5.07M7.28M10.34M13.82M12.78M16.47M
Deferred Revenue03.19M000004.44M5.09M6.73M
Other Liabilities847.17K-26.56M3.16M5.18M11.16M15.78M20.04M5.46M3.69M7.26M
Total Equity+-138.61K200.02M259.01M299.75M460.35M457.76M637.58M649.07M605.81M555.92M
Equity Growth %-1.07%1444.03%0.29%0.16%0.54%-0.01%0.39%0.02%-0.07%-0.08%
Shareholders Equity-138.61K155.03M246.34M269.3M430.27M444.81M622.78M632.98M583.58M534.13M
Minority Interest044.99M12.68M30.45M30.08M12.96M14.79M16.08M22.23M21.79M
Common Stock25017.61K22K26K44K49K65K66K66K67K
Additional Paid-in Capital3.01M172M205.79M243.04M433.33M504.79M711.41M721.99M722.42M734.22M
Retained Earnings-3.15M-16.99M-34.43M-45.01M-71.39M-116.77M-157.02M-198.71M-238.98M-293.74M
Preferred Stock0074.96M74.96M74.96M74.96M74.96M74.96M74.96M74.96M
Return on Assets (ROA)-0.04%-0.04%-0%0.02%0.01%-0%0.01%0.01%0.02%0.01%
Return on Equity (ROE)-1.85%-0.06%-0%0.05%0.02%-0%0.03%0.03%0.03%0.01%
Debt / Assets0.98%0.29%0.43%0.5%0.45%0.55%0.46%0.51%0.49%0.52%
Debt / Equity-0.33x0.79x1.05x0.86x1.33x0.91x1.09x1.03x1.18x
Net Debt / EBITDA-5.71x6.54x5.81x5.32x11.36x6.79x7.27x6.43x7.29x
Book Value per Share-13.86537.56330.09341.07339.84247.41262.85247.88231.05210.78

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-208.8K-2.72M11.6M24.83M36.43M34.52M68.97M76.54M68.44M70.05M
Operating CF Growth %-0.43%-12.04%5.26%1.14%0.47%-0.05%1%0.11%-0.11%0.02%
Operating CF / Revenue %----------
Net Income-1.61M-6.35M-87K14.56M9.59M-2.5M18.34M20M20.61M6.63M
Depreciation & Amortization659.67K2.38M10.13M17.96M25.52M36.82M47.31M57.66M59.01M56.08M
Stock-Based Compensation01.68M1.8M2.67M3.34M5.32M5.81M4.68M4.24M5.1M
Other Non-Cash Items126.53K350.44K1.48M1.75M1.76M1.56M1.33M-4.06M-9.73M1.01M
Working Capital Changes614.24K-780.96K-1.71M-4.43M-3.77M-7.65M-3.82M-1.74M-5.69M1.21M
Cash from Investing+-32.34M-150.36M-252.65M-151.62M-258.2M-223.67M-194.66M-137.25M67.62M-45.94M
Acquisitions (Net)0-140.37K000-5.09M0000
Purchase of Investments-385.1K-797.82K-426K-373K0-1.54M0000
Sale of Investments0242.04K21K1000K0208K0001000K
Other Investing-32.34M242.04K-433K5.26M-3.21M1.54M-2.41M13.68M67.62M-103.56M
Cash from Financing+41.64M163.57M226.49M124.51M224.11M192.72M127.7M62.41M-143.79M-21.89M
Dividends Paid-255.6K-3.88M-15.98M-24.79M-34.99M-45.77M-58.32M-64.24M-64.85M-65.69M
Common Dividends-256K-3.88M-15.23M-18.96M-29.17M-39.94M-52.5M-58.42M-59.02M-59.87M
Debt Issuance (Net)1000K1000K1000K1000K1000K1000K-1000K1000K-1000K1000K
Share Repurchases000-263K000000
Other Financing-389.14K-2.9M-3.06M-3.1M-1.33M-2.83M-8.89M-5.19M7.15M252K
Net Change in Cash+9.1M10.49M-14.56M-2.27M2.34M3.57M2.01M1.7M-7.73M2.22M
Exchange Rate Effect0000000000
Cash at Beginning88.81K9.18M19.67M7.11M4.84M7.18M10.75M12.76M14.46M6.72M
Cash at End9.18M19.67M5.11M4.84M7.18M10.75M12.76M14.46M6.72M8.94M
Free Cash Flow+-32.41M-153.18M-240.62M-156M-220.38M-184.27M-132.69M-79.66M58.39M-25.07M
FCF Growth %-0.47%-3.73%-0.57%0.35%-0.41%0.16%0.28%0.4%1.73%-1.43%
FCF / Revenue %----------

Key Ratios

Metric2015201620172018201920202021202220232024
FFO per Share-94.9610.9429.265124.3618.8626.7729.3330.3723.78
FFO Payout Ratio-26.96%95.24%66.34%42.31%88.41%114.48%80.86%76.06%74.13%95.46%
NOI Margin50.54%82.25%93.85%93.01%90.76%88.38%86.63%81.64%80.07%78.87%
Net Debt / EBITDA-5.71x6.54x5.81x5.32x11.36x6.79x7.27x6.43x7.29x
Debt / Assets97.87%29.27%42.87%49.52%44.64%55.19%45.89%50.58%49.24%52.02%
Interest Coverage-1.00x-0.54x0.99x1.49x2.86x-1.88x1.53x1.23x1.14x
Book Value / Share-13.86537.56330.09341.07339.84247.41262.85247.88231.05210.78
Revenue Growth441.97%291.89%274.07%76%32.96%32.23%23.83%18.45%2.75%-1.79%

Frequently Asked Questions

Valuation & Price

Global Medical REIT Inc. (GMRE) has a price-to-earnings (P/E) ratio of 116.4x. This suggests investors expect higher future growth.

Growth & Financials

Global Medical REIT Inc. (GMRE) reported $148.0M in revenue for fiscal year 2024.

Global Medical REIT Inc. (GMRE) saw revenue decline by 1.8% over the past year.

Yes, Global Medical REIT Inc. (GMRE) is profitable, generating $2.5M in net income for fiscal year 2024 (4.8% net margin).

Dividend & Returns

Yes, Global Medical REIT Inc. (GMRE) pays a dividend with a yield of 62.93%. This makes it attractive for income-focused investors.

Global Medical REIT Inc. (GMRE) has a return on equity (ROE) of 1.1%. This is below average, suggesting room for improvement.

Industry Metrics

Global Medical REIT Inc. (GMRE) generated Funds From Operations (FFO) of $60.7M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Global Medical REIT Inc. (GMRE) offers a 62.93% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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