trending Market Intelligence /marketintelligence/en/news-insights/trending/yS9KUtQ14d2LlVh4FcMjrA2 content esgSubNav
In This List

Global Medical REIT announces Q3, Q4 guidance

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


Global Medical REIT announces Q3, Q4 guidance

Global Medical REIT Inc. established its earnings guidance for the third and fourth quarters, and disclosed recent property transactions.

For the third quarter, the company expects adjusted funds from operations of between $3.20 million and $3.23 million, or 18 cents per share. Normalized AFFO is expected between $3.36 million and $3.39 million, or 19 cents per share, while FFO is forecast between $2.90 million and $3.08 million.

For the fourth quarter, AFFO is expected to increase to between $3.37 million and $3.46 million, or 19 cents per share to 20 cents per share. Normalized AFFO is also expected to increase to between $3.46 million and $3.55 million, or 20 cents per share. FFO is estimated at $3.28 million to $3.38 million.

The company also disclosed that between March 31 and May 26 it entered into four purchase contracts, encompassing roughly 148,200 aggregate square feet.

The properties include Texas health care facilities Carrus Specialty Hospital and Carrus Rehabilitation Hospital for $26 million, the Lone Star Endoscopy Center for $4.1 million and the Cardiologists of Lubbock for $8.2 million. The Unity Family Medical Center in New York will also be acquired for $8.7 million.