Global Medical REIT Growing Quickly Since 2016 IPO

03/13/2018 | by Nareit Staff

Jeffrey Busch, chairman, president and CEO of Global Medical REIT Inc. (NYSEMKT: GMRE), participated in a video interview at Nareit’s 2018 CEO Forum & Advocacy Day in Washington, D.C.

Global Medical REIT acquires licensed, state-of-the-art, purpose-built health care facilities and leases them to clinical operators with leading market share.

Since its IPO in 2016, the company has acquired more than $500 million in assets, mostly medical office buildings (MOBs) and surgery centers in suburban and secondary markets, Busch said. “We’ve been growing quite quickly,” he noted.

Priorities for the coming year include covering the dividend and continuing to grow and secure the stock and its liquidity, Busch commented.

Companies:

Company name

Global Medical REIT

Health Care

1 Year Total Return

-2.78% As of market close 11/19/2024

Stock price

$8.67

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What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.