Positive
Seeking Alpha
29 days ago
Global Medical REIT: Time To Buy As The Need For Outpatient Care Could Grow
Global Medical REIT is rated a buy, driven by strong AFFO growth, robust dividend coverage, and sector tailwinds. GMRE redeploys capital into higher cap-rate assets, maintains low tenant concentration risk, and benefits from geographic diversification including presence in high-growth regions like Texas and Florida. Despite elevated leverage (D/E 1.50), GMRE's forward P/FFO of 8.6 is 35% below sector average, suggesting undervaluation.