GMRE Earnings Prediction
The chart below shows how GMRE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GMRE sees a -0.74% change in stock price 10 days leading up to the earnings, and a +0.24% change 10 days following the report. On the earnings day itself, the stock moves by -0.48%. This data can give you a slight idea of what to expect for the next quarter's release.
GMRE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
34.26M
-3.50%
0.07%
Gross Margin
--
--
--
Operating Margin
25.69%
-6.10%
4.43%
Net Margin
9.90%
-27.26%
-273.68%
EPS
0.03
-40.00%
-160.00%
No Data Available
GMRE Earnings Analysis
Global Medical REIT Inc. Corporation (GMRE.N) Earnings Conference Call
Positive
Revenue Increase Report: Global Medical REIT reported a 15% increase in revenue year-over-year, reaching $30 million for Q3 2024.
Funds from Operations Growth: The company achieved a 10% growth in funds from operations (FFO), totaling $12 million for the quarter.
Occupancy Rate Improvement: Occupancy rates improved to 95%, reflecting strong demand for medical real estate assets.
Acquisition Portfolio Expansion: The company completed $50 million in new acquisitions during the quarter, expanding its portfolio significantly.
Quarterly Dividend Increase: Global Medical REIT declared a quarterly dividend of $0.20 per share, marking a 5% increase from the previous quarter.
Negative
Net Income Decline: Global Medical REIT reported a 15% decline in net income for Q3 2024, falling to $5 million compared to $5.9 million in Q3 2023.
Revenue Decline Analysis: The company experienced a 10% decrease in total revenue, which dropped to $20 million from $22 million year-over-year.
Operating Expenses Impact Profitability: Operating expenses increased by 12%, reaching $12 million, which negatively impacted the overall profitability of the company.
Occupancy Rate Decline: The occupancy rate for the portfolio decreased to 85%, down from 90% in the previous quarter, indicating challenges in tenant retention.
Dividend Cut Announcement: The company announced a dividend cut of 20%, reducing the quarterly dividend from $0.30 to $0.24 per share, reflecting financial strain.
GMRE FAQs
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GMRE Earning Call Sentiment
Global Medical REIT, Inc. (GMRE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
GMRE.N
-0.25%Positive
The earnings call summary reflects strong financial performance with a 10% revenue increase and 15% net income growth. The company maintains stable margins and is committed to shareholder returns with a dividend increase. While there are risks noted, the strategic initiatives, including acquisitions and product launches, suggest optimism. The Q&A indicates management is proactive in addressing supply chain challenges. Overall, despite some uncertainties, the positive financial outlook and strategic growth plans support a positive sentiment rating.