Tearsheet

Global Medical REIT (GMRE)


Market Price (12/4/2025): $33.37 | Market Cap: $446.9 Mil
Sector: Real Estate | Industry: Health Care REITs

Global Medical REIT (GMRE)


Market Price (12/4/2025): $33.37
Market Cap: $446.9 Mil
Sector: Real Estate
Industry: Health Care REITs

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 13%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.9%
Weak multi-year price returns
2Y Excs Rtn is -70%, 3Y Excs Rtn is -81%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 160%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 50%
  Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 181x
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26%
  Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -41%
3 Low stock price volatility
Vol 12M is 32%
  
4 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Sustainable & Green Buildings. Themes include Geriatric Care, Oncology Treatments, Show more.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 13%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.9%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 50%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26%
3 Low stock price volatility
Vol 12M is 32%
4 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Sustainable & Green Buildings. Themes include Geriatric Care, Oncology Treatments, Show more.
5 Weak multi-year price returns
2Y Excs Rtn is -70%, 3Y Excs Rtn is -81%
6 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 160%
7 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 181x
8 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -41%

Valuation, Metrics & Events

GMRE Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Here are key points that could explain a -9.1% movement in Global Medical REIT (GMRE) stock for the approximate time period from August 31, 2025, to December 4, 2025:

1. Global Medical REIT reported a significant net loss in its Third Quarter 2025 financial results. The company announced on November 4, 2025, a net loss attributable to common stockholders of $6.0 million, or $0.45 per diluted share, for Q3 2025. This contrasts sharply with a net income of $1.8 million, or $0.14 per diluted share, reported in the same period of the prior year, which could negatively impact investor sentiment.

2. An impairment charge on an unoccupied facility contributed to the Q3 2025 net loss. The downturn in Q3 2025 financial results was primarily driven by a $6.3 million impairment charge associated with an unoccupied facility located in Aurora, Illinois. This charge highlights potential asset-specific risks and directly impacted the company's profitability.

Show more

Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
GMRE Return6%44%-42%28%-24%-8%-21%
Peers Return-17%10%-14%15%19%30%39%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
GMRE Win Rate67%58%33%50%42%50% 
Peers Win Rate60%53%42%57%67%62% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
GMRE Max Drawdown-39%-4%-57%-12%-26%-18% 
Peers Max Drawdown-57%-10%-26%-13%-15%-6% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: VTR, HR, SBRA, UHT, WELL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique KeyEventGMRES&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-61.1%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven156.8%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-49.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven98.3%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven539 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-36.5%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven57.4%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven348 days120 days

Compare to VTR, HR, SBRA, UHT, WELL


In The Past

Global Medical REIT's stock fell -61.1% during the 2022 Inflation Shock from a high on 1/4/2022. A -61.1% loss requires a 156.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Global Medical REIT (GMRE)

Better Bets than Global Medical REIT (GMRE)

Trade Ideas

Select past ideas related to GMRE. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
8.5%8.5%-5.8%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
8.5%8.5%-5.8%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Global Medical REIT

Peers to compare with:

Financials

GMREVTRHRSBRAUHTWELLMedian
NameGlobal M.Ventas Healthca.Sabra He.Universa.Welltower 
Mkt Price33.3180.0017.7419.2240.61201.9236.96
Mkt Cap0.436.56.24.60.6135.85.4
Rev LTM1445,5551,185745999,752965
Op Inc LTM3381861267361,580164
FCF LTM-60968157341492,746249
FCF 3Y Avg8687228313462,065270
CFO LTM721,549463341492,787402
CFO 3Y Avg701,297491313462,113402

Growth & Margins

GMREVTRHRSBRAUHTWELLMedian
NameGlobal M.Ventas Healthca.Sabra He.Universa.Welltower 
Rev Chg LTM5.9%15.7%-6.8%8.9%0.7%32.6%7.4%
Rev Chg 3Y Avg3.5%10.7%24.9%7.8%4.2%20.9%9.2%
Rev Chg Q8.4%20.4%-5.6%6.8%3.3%30.7%7.6%
QoQ Delta Rev Chg LTM2.0%4.8%-1.5%1.6%0.8%6.8%1.8%
Op Mgn LTM23.0%14.7%5.2%35.8%35.8%16.2%19.6%
Op Mgn 3Y Avg25.3%12.0%4.6%35.5%35.1%15.1%20.2%
QoQ Delta Op Mgn LTM-0.3%0.0%1.1%-1.3%-0.4%0.7%-0.1%
CFO/Rev LTM50.2%27.9%39.1%45.8%49.0%28.6%42.4%
CFO/Rev 3Y Avg49.1%26.3%38.8%45.2%46.9%26.8%42.0%
FCF/Rev LTM-41.3%17.4%13.2%45.8%49.0%28.2%22.8%
FCF/Rev 3Y Avg5.7%13.8%17.8%45.2%46.9%26.1%22.0%

Valuation

GMREVTRHRSBRAUHTWELLMedian
NameGlobal M.Ventas Healthca.Sabra He.Universa.Welltower 
Mkt Cap0.436.56.24.60.6135.85.4
P/S3.15.75.36.05.512.35.6
P/EBIT13.639.9-40.715.513.779.814.6
P/E180.7134.1-17.225.530.2124.777.5
P/CFO6.220.613.613.111.143.013.4
Total Yield13.1%3.3%0.7%10.3%10.9%0.8%6.8%
Dividend Yield12.5%2.6%6.5%6.4%7.5%0.0%6.5%
FCF Yield 3Y Avg0.2%2.8%3.7%7.9%8.0%2.7%3.2%
D/E1.60.40.70.60.70.20.6
Net D/E1.60.40.70.50.70.10.6

Returns

GMREVTRHRSBRAUHTWELLMedian
NameGlobal M.Ventas Healthca.Sabra He.Universa.Welltower 
1M Rtn9.4%7.9%2.0%9.2%6.3%11.2%8.6%
3M Rtn-7.4%19.4%3.1%2.8%2.0%21.1%2.9%
6M Rtn10.6%28.5%28.1%12.6%4.1%33.9%20.4%
12M Rtn-16.2%31.2%4.6%11.5%7.1%54.7%9.3%
3Y Rtn-13.9%92.1%7.7%87.1%-7.5%205.0%47.4%
1M Excs Rtn9.4%8.0%2.0%9.2%6.3%11.2%8.6%
3M Excs Rtn-15.1%13.6%-2.6%-3.0%-4.4%15.5%-2.8%
6M Excs Rtn-4.1%13.8%13.4%-2.1%-10.7%19.2%5.6%
12M Excs Rtn-30.9%15.0%-10.1%-3.7%-10.0%35.1%-6.9%
3Y Excs Rtn-81.3%28.3%-59.2%24.9%-75.2%152.5%-17.2%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Single Segment141    
Other income 0000
Rental revenue 1371169471
Total1411371169471


Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity813,476
Short Interest: % Change Since 1031202511.4%
Average Daily Volume180,484
Days-to-Cover Short Interest4.51
Basic Shares Quantity13,393,000
Short % of Basic Shares6.1%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251105202510-Q 9/30/2025
6302025806202510-Q 6/30/2025
3312025508202510-Q 3/31/2025
12312024228202510-K 12/31/2024
93020241107202410-Q 9/30/2024
6302024807202410-Q 6/30/2024
3312024508202410-Q 3/31/2024
12312023228202410-K 12/31/2023
93020231107202310-Q 9/30/2023
6302023804202310-Q 6/30/2023
3312023505202310-Q 3/31/2023
12312022301202310-K 12/31/2022
93020221104202210-Q 9/30/2022
6302022805202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021301202210-K 12/31/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0KIERNAN ROBERT JCFO and Treasurer11172025Buy31.913,00095,73095,730Form
1Decker Mark Okey JrCEO and President11172025Buy32.414,093132,6541,259,679Form