Global Medical REIT Inc
NYSE:XRN

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Global Medical REIT Inc Logo
Global Medical REIT Inc
NYSE:XRN
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Price: 35.34 USD -0.25% Market Closed
Market Cap: $473.9m

Global Medical REIT Inc
Investor Relations

Global Medical REIT, Inc. engages in the acquisition of purpose-built healthcare facilities and leasing of those properties to strong healthcare systems and physician groups. The company is headquartered in Bethesda, Maryland and currently employs 26 full-time employees. The company went IPO on 2012-11-02. The firm conducts its business through an umbrella partnership real estate investment trust (UPREIT), structure in which its properties are owned by wholly owned subsidiaries of its operating partnership, Global Medical REIT L.P. (the Operating Partnership). The company has gross investments of approximately $1.3 billion in real estate properties, consisting of 105 facilities with an aggregate of approximately 4.3 million leasable square feet and approximately $103.1 million of annualized base rent. Its portfolio includes medical office buildings (MOBs), inpatient rehab. facility (IRF), surgical hospital and others. The firm's portfolio is located in various areas, including Texas, Florida, Ohio, Oklahoma, Pennsylvania, Arizona, and Illinois.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 26, 2026
AI Summary
Q4 2025

First Call as Chiron: Chiron Real Estate held its inaugural earnings call, outlining a new strategy focused on both medical office and senior housing.

Strong Quarter: NAREIT FFO per share was $0.97 and Core FFO was $1.16, with solid same-store cash NOI growth of 5.4% year-over-year.

Balance Sheet Strength: No debt matures before 2028, and net debt to adjusted EBITDA REIT fell to 6.2x, down 0.7x from the prior period.

Strategic Shift: The company is actively expanding into premium active adult and senior housing, citing demographic tailwinds and limited supply.

Capital Recycling: About $250 million in assets are identified for potential sale to fund new investments, with initial dispositions expected in Q2 or Q3.

2026 Guidance: Provided initial 2026 core FFO guidance of $4.30–$4.45 per share, factoring in known headwinds and excluding speculative transactions.

Monthly Dividend: Announced shift to a monthly dividend payout, maintaining the annual rate of $3 per share.

Watch List Update: No significant new risks; White Rock tenant remains current on rent and situation is closely monitored.

Key Financials
NAREIT FFO per share
$0.97
Core FFO per share
$1.16
Net debt to adjusted EBITDA REIT
6.2x
Dividend per share (annual)
$3
Potential asset dispositions
$250 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jeffrey M. Busch J.D.
Chairman, President & CEO
No Bio Available
Mr. Robert J. Kiernan CPA
CFO & Treasurer
No Bio Available
Ms. Danica C. Holley
Chief Operating Officer
No Bio Available
Mr. Alfonzo Leon
Chief Investment Officer
No Bio Available
Mr. Jamie A. Barber
General Counsel & Corporate Secretary
No Bio Available
Mr. Stephen C. Swett
Investor Relations Executive
No Bio Available

Contacts

Address
MARYLAND
Bethesda
2 Bethesda Metro Ctr Ste 440
Contacts
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