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Real estate investment trusts

Global Medical REIT Inc. Reports Second Quarter 2025 Financial Results

Strategic Insights

— 2 min read

Global Medical REIT Inc., a healthcare real estate investment trust, reported its financial results for the second quarter of 2025, showcasing a marked increase in rental revenue and funds from operations. Despite net loss attributable to common stockholders, the company demonstrated resilience in its financial performance. Mark Decker, Jr., Chief Executive Officer and President, expressed enthusiasm about the company's prospects, highlighting the potential for driving results and expanding its niche in the healthcare real estate sector.

Key Takeaways:

  • Net loss attributable to common stockholders was $0.8 million, or $0.01 per diluted share, compared to $3.1 million, or $0.05 per diluted share, in the comparable prior year period.
  • Rental revenue for the second quarter of 2025 increased 10.7% year-over-year to $37.9 million.
  • Total expenses for the second quarter were $37.5 million, a 14.7% increase compared to the comparable prior year period.
  • Funds from operations (FFO) of $14.3 million, or $0.20 per share and unit, compared to FFO of $13.9 million, or $0.20 per share and unit, in the comparable prior year period.
  • Adjusted funds from operations (AFFO) of $16.6 million, or $0.23 per share and unit, compared to AFFO of $15.7 million, or $0.22 per share and unit, in the comparable prior year period.
  • Global Medical REIT Inc. completed the acquisition of a five-property portfolio in April 2025 for an aggregate purchase price of $69.6 million.
  • The company's portfolio was 94.5% occupied as of June 30, 2025, with an annualized base rent of $117.5 million.
  • Mark Decker, Jr., Chief Executive Officer, President, and a member of the Board of Directors, was appointed in June 2025.
  • Global Medical REIT Inc. reaffirmed its full-year 2025 AFFO per share and unit guidance of $0.89 to $0.93.

Statistics:

  • Total debt outstanding, including outstanding borrowings on the credit facility and notes payable, was $713.0 million as of June 30, 2025, resulting in a leverage of 47.2%.
  • The company's total debt carried a weighted average interest rate of 4.09% and a weighted average remaining term of 1.6 years as of June 30, 2025.
  • Rental revenue increased 10.7% year-over-year to $37.9 million in the second quarter of 2025.
  • FFO of $14.3 million, or $0.20 per share and unit, and AFFO of $16.6 million, or $0.23 per share and unit, for the second quarter of 2025.

Sources:

  • Global Medical REIT Inc. (2025, June 30). News Release: Global Medical REIT Inc. Announces Financial Results for the Three and Six Months Ended June 30, 2025 and Other Data.

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