GMRE is a healthcare real estate investment trust that buys and rents out medical facilities as its main business.
Even though the REIT has a large portfolio, its market capitalization is only $629 million, which is quite low. The REIT owns 189 buildings, which has helped it sign more than 400 leases with well-known companies. They gave it to a number of well-known medical groups, such as Encompass, Memorial Health, Kindred Health, and OCOM.
Global Medical is doing well, and the company doesn’t hesitate to give its shareholders a cut of its profits. GMRE has a payout ratio of 55%, which is above average (47%) and gives investors a nice dividend yield of 8.86%. One piece of financial information that caught our attention was how many institutions owned it. Institutions own a huge 67% of their stock supply right now.
Institutions have a lot of tools at their disposal to help them choose the best investments. So, a high level of institutional ownership is usually seen as a good sign. Even though the company has been successful, it has not been able to avoid the effects of the overall economy. Shares are down almost 50% from their all-time high set in January 2022.
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But the REIT’s finances seem to be in good shape. The company made 18% more money in the third quarter compared to the same time last year. It also said that its net income and net profit went up a huge 85% and 57% from the same time last year. The quality of the people who rent from the company is another thing that makes it strong. A lot of recessions don’t hurt the health care industry very much.
Medical care is usually a necessity that people don’t skip because they don’t have enough money. Also, insurance companies and Medicaid usually pay for most of the costs. This makes it less likely that tenants won’t pay their rent.
Good tenants and strong finances could help GMRE weather the high-interest storm and give investors a good return on their money. GMRE is a healthcare real estate investment trust that buys and rents out medical facilities as its main business.
Even though the REIT has a large portfolio, its market capitalization is only $629 million, which is quite low. The REIT owns 189 buildings, which has helped it sign more than 400 leases with well-known companies. They gave it to a number of well-known medical groups, such as Encompass, Memorial Health, Kindred Health, and OCOM.
Global Medical is doing well, and the company doesn’t hesitate to give its shareholders a cut of its profits. GMRE has a payout ratio of 55%, which is above average (47%) and gives investors a nice dividend yield of 8.86%. One piece of financial information that caught our attention was how many institutions owned it. Institutions own a huge 67% of their stock supply right now.
Institutions have a lot of tools at their disposal to help them choose the best investments. So, a high level of institutional ownership is usually seen as a good sign. Even though the company has been successful, it has not been able to avoid the effects of the overall economy. Shares are down almost 50% from their all-time high set in January 2022.
But the REIT’s finances seem to be in good shape. The company made 18% more money in the third quarter compared to the same time last year. It also said that its net income and net profit went up a huge 85% and 57% from the same time last year. The quality of the people who rent from the company is another thing that makes it strong. A lot of recessions don’t hurt the health care industry very much.
Medical care is usually a necessity that people don’t skip because they don’t have enough money. Also, insurance companies and Medicaid usually pay for most of the costs. This makes it less likely that tenants won’t pay their rent.
Good tenants and strong finances could help GMRE weather the high-interest storm and give investors a good return on their money.