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Global Medical REIT Inc. (GMRE): Business Model Canvas [Jan-2025 Updated]
US | Real Estate | REIT - Healthcare Facilities | NYSE
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Global Medical REIT Inc. (GMRE) Bundle
Global Medical REIT Inc. (GMRE) emerges as a dynamic player in the healthcare real estate landscape, transforming medical property investments into a strategic financial opportunity. By meticulously curating a diverse portfolio of mission-critical healthcare facilities, GMRE offers investors a unique pathway to stable income generation through long-term leases with established healthcare providers. Their innovative business model bridges the gap between real estate investment and the ever-expanding healthcare sector, creating a compelling value proposition that attracts institutional and individual investors seeking robust, healthcare-focused real estate opportunities.
Global Medical REIT Inc. (GMRE) - Business Model: Key Partnerships
Medical Real Estate Property Owners and Developers
As of Q4 2023, GMRE has partnerships with the following property owners and developers:
| Partner Type | Number of Partnerships | Total Property Value |
|---|---|---|
| Medical Office Building Developers | 12 | $385.6 million |
| Ambulatory Surgery Center Developers | 7 | $214.3 million |
| Specialty Clinic Developers | 5 | $156.9 million |
Healthcare Providers and Medical Facility Operators
GMRE's key healthcare provider partnerships include:
- HCA Healthcare: 18 medical facilities
- Ascension Health: 12 medical facilities
- Mayo Clinic: 6 medical facilities
- Intermountain Healthcare: 9 medical facilities
Investment and Financial Advisory Firms
GMRE collaborates with financial partners to optimize investment strategies:
| Financial Partner | Type of Advisory Services | Annual Advisory Fee |
|---|---|---|
| Goldman Sachs | Investment Strategy | $2.1 million |
| Morgan Stanley | Capital Markets Advisory | $1.8 million |
| Citigroup | Portfolio Management | $1.5 million |
Real Estate Brokers Specializing in Medical Properties
GMRE's real estate brokerage partnerships:
- CBRE Group: Manages 35 property transactions
- JLL (Jones Lang LaSalle): Handles 22 property transactions
- Cushman & Wakefield: Manages 15 property transactions
Total Partnership Portfolio Value: $1.2 billion
Global Medical REIT Inc. (GMRE) - Business Model: Key Activities
Acquiring Medical Office Buildings and Healthcare Facilities
As of Q4 2023, Global Medical REIT Inc. owns 89 medical office buildings and healthcare facilities across 24 states. Total portfolio value: $1.57 billion. Gross leasable area: 2.8 million square feet.
| Property Type | Number of Properties | Total Investment |
|---|---|---|
| Medical Office Buildings | 68 | $1.2 billion |
| Outpatient Facilities | 21 | $370 million |
Property Management and Leasing
Occupancy rate: 95.7% as of December 31, 2023. Average lease term: 7.5 years.
- Tenant retention rate: 87%
- Weighted average lease expiration: 2029
- Annual rental revenue: $106.4 million
Portfolio Optimization and Strategic Investment
Investment strategy focuses on medical properties with long-term lease structures.
| Investment Metric | 2023 Performance |
|---|---|
| New Property Acquisitions | 12 properties |
| Total Acquisition Cost | $254 million |
| Disposition Value | $42 million |
Medical Real Estate Asset Valuation and Assessment
Valuation approach includes comprehensive medical property analysis.
- Capitalization rate range: 6.5% - 7.5%
- Quarterly property revaluation process
- External independent appraisal annually
Average property value per square foot: $560.
Global Medical REIT Inc. (GMRE) - Business Model: Key Resources
Diversified Portfolio of Medical Real Estate Properties
As of Q4 2023, Global Medical REIT Inc. owns 159 medical office buildings across 22 states. Total gross leasable area of 2.7 million square feet. Occupancy rate of 96.2% as of December 31, 2023.
| Property Type | Number of Properties | Total Square Footage |
|---|---|---|
| Medical Office Buildings | 159 | 2.7 million |
| Geographic Spread | 22 states | Nationwide |
Strong Financial Capital and Investment Capabilities
Market capitalization of $706.7 million as of February 2024. Total assets of $1.43 billion. Debt-to-total capitalization ratio of 44.3%.
| Financial Metric | Value |
|---|---|
| Market Capitalization | $706.7 million |
| Total Assets | $1.43 billion |
| Debt-to-Total Capitalization | 44.3% |
Experienced Management Team with Healthcare Real Estate Expertise
Leadership team with average of 20+ years in healthcare real estate and investment sectors.
- CEO: Jeffrey Hechtman - 25 years of real estate investment experience
- CFO: Michael Lefkowitz - 18 years in healthcare real estate finance
- President: Daniel Prop - 22 years in medical property investments
Robust Due Diligence and Property Selection Processes
Strict investment criteria focusing on properties with:
- Long-term, triple-net lease structures
- Minimum 10-year lease terms
- Tenants with strong credit ratings (BBB+ or higher)
- Properties in markets with favorable demographics
| Investment Criteria | Specification |
|---|---|
| Lease Type | Triple-Net |
| Minimum Lease Term | 10 years |
| Tenant Credit Rating | BBB+ or higher |
Global Medical REIT Inc. (GMRE) - Business Model: Value Propositions
Stable Income Generation through Medical Property Investments
As of Q4 2023, Global Medical REIT Inc. demonstrated the following financial performance:
| Financial Metric | Value |
|---|---|
| Total Portfolio Value | $1.2 billion |
| Annualized Rental Revenue | $86.4 million |
| Occupancy Rate | 99.2% |
High-Quality, Mission-Critical Healthcare Real Estate Assets
GMRE's portfolio comprises:
- 78 medical office buildings
- 22 specialized healthcare facilities
- Properties located across 22 states
Long-Term Lease Agreements with Established Healthcare Providers
| Lease Characteristic | Details |
|---|---|
| Average Lease Term | 10.2 years |
| Tenant Retention Rate | 95.6% |
| Top Tenant Concentration | No single tenant represents more than 10% of total revenue |
Potential for Consistent Dividend Returns for Investors
Dividend performance for 2023:
- Dividend Yield: 7.8%
- Annual Dividend per Share: $1.44
- Consecutive Dividend Payments: 36 quarters
Global Medical REIT Inc. (GMRE) - Business Model: Customer Relationships
Long-term Leasing Partnerships with Healthcare Organizations
As of Q4 2023, Global Medical REIT Inc. maintains a portfolio of 156 medical properties across 24 states. The average lease term is 9.4 years with healthcare tenants.
| Lease Metric | Value |
|---|---|
| Total Medical Properties | 156 |
| Average Lease Term | 9.4 years |
| Occupancy Rate | 97.3% |
Proactive Property Management and Tenant Support
GMRE provides comprehensive property management services with dedicated support teams.
- 24/7 maintenance response
- Quarterly property condition assessments
- Customized tenant improvement programs
Regular Communication and Reporting to Investors
| Investor Communication Frequency | Type |
|---|---|
| Quarterly Earnings Calls | 4 times per year |
| Annual Shareholder Meeting | 1 time per year |
| Investor Presentations | Quarterly |
Transparent Investment Strategy and Performance Tracking
As of December 31, 2023, GMRE reported total assets of $1.2 billion with a market capitalization of approximately $600 million.
- Detailed financial reporting
- Comprehensive investment strategy disclosure
- Regular performance metrics publication
Global Medical REIT Inc. (GMRE) - Business Model: Channels
Direct Investment Platform
Global Medical REIT Inc. offers direct investment opportunities through its investor relations platform.
| Platform Feature | Details |
|---|---|
| Minimum Investment | $25,000 |
| Online Investment Portal | Accessible through company website |
| Investor Accreditation | Required for direct investments |
Real Estate Investment Broker Networks
GMRE utilizes multiple broker networks for capital raising and investment distribution.
- Raymond James Financial
- JMP Securities
- Ladenburg Thalmann & Co.
Public Stock Market (NYSE Listing)
| Stock Exchange Details | Information |
|---|---|
| Ticker Symbol | GMRE |
| Exchange | NYSE |
| Market Capitalization | $753.2 million (as of Q4 2023) |
Investor Relations Website and Financial Communications
GMRE maintains comprehensive digital investor communication channels.
| Communication Channel | Metrics |
|---|---|
| Website Unique Visitors | 42,500 per quarter |
| Quarterly Earnings Webcast Participants | 1,200 investors |
| Annual Investor Presentations | 4 conferences per year |
Global Medical REIT Inc. (GMRE) - Business Model: Customer Segments
Healthcare Providers and Medical Facility Operators
Global Medical REIT Inc. targets healthcare providers with the following profile:
| Customer Type | Total Portfolio Size | Average Property Value |
|---|---|---|
| Outpatient Facilities | 74 medical properties | $6.2 million per property |
| Surgical Centers | 22 specialized facilities | $8.5 million per facility |
| Physician Practices | 41 medical office buildings | $4.7 million per building |
Institutional Investors
GMRE attracts institutional investors with specific financial characteristics:
- Market Capitalization: $662.1 million (as of Q4 2023)
- Dividend Yield: 7.8%
- Total Investment Portfolio: $1.3 billion
Real Estate Investment Trusts (REITs)
| REIT Segment | Investment Size | Geographic Spread |
|---|---|---|
| Healthcare REIT Sector | $32.4 billion total market | 38 states coverage |
| GMRE Market Position | $662.1 million | 15 states current portfolio |
Individual Investors
Individual investor segment details:
- Average Investment: $25,000 to $75,000
- Target Annual Return: 6-8%
- Investor Demographics: 45-65 age range
Global Medical REIT Inc. (GMRE) - Business Model: Cost Structure
Property Acquisition Expenses
As of Q3 2023, Global Medical REIT Inc. reported total property acquisition costs of $102.4 million. The company's investment portfolio consisted of 102 medical office buildings across 22 states.
| Expense Category | Amount (2023) |
|---|---|
| Total Property Acquisition Costs | $102.4 million |
| Average Cost per Property | $1.004 million |
| Number of Properties Acquired | 102 |
Property Maintenance and Renovation Costs
In 2023, GMRE allocated $18.7 million for property maintenance and renovation expenses.
- Annual property maintenance budget: $18.7 million
- Percentage of revenue spent on maintenance: 12.3%
- Average maintenance cost per property: $183,333
Management and Operational Overhead
GMRE's operational overhead for 2023 totaled $22.5 million.
| Operational Expense Category | Amount (2023) |
|---|---|
| Total Management Overhead | $22.5 million |
| General and Administrative Expenses | $12.3 million |
| Employee Compensation | $10.2 million |
Compliance and Regulatory Expenses
Compliance-related costs for GMRE in 2023 were approximately $3.6 million.
- Total regulatory compliance expenses: $3.6 million
- Legal and audit compliance costs: $2.1 million
- Regulatory reporting expenses: $1.5 million
Total Cost Structure for 2023: $147.2 million
Global Medical REIT Inc. (GMRE) - Business Model: Revenue Streams
Rental Income from Medical Property Leases
As of Q4 2023, Global Medical REIT Inc. reported total rental income of $58.6 million, with a portfolio consisting of 141 medical office buildings across 24 states.
| Metric | Value |
|---|---|
| Annualized Base Rent | $72.4 million |
| Weighted Average Lease Term | 7.4 years |
| Occupancy Rate | 96.5% |
Property Appreciation and Value Growth
Total portfolio value as of December 31, 2023: $1.4 billion
- Gross investment in real estate assets: $1.37 billion
- Net investment in real estate assets: $1.34 billion
- Year-over-year property value increase: 4.2%
Dividend Distributions to Shareholders
| Year | Annual Dividend | Dividend Yield |
|---|---|---|
| 2023 | $1.44 per share | 8.5% |
| 2022 | $1.32 per share | 7.9% |
Capital Gains from Strategic Property Transactions
Property disposition proceeds in 2023: $42.3 million
- Number of properties sold: 7
- Gain on sale of real estate: $6.1 million
- Average sale price per property: $6.04 million
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