Should I Buy Global Medical REIT (GMRE)? Finance YouTuber Analysis

The analyst recommends GMRE due to its focus on hospital patient services and clinics, which are seeing a rebound in operations and higher reimbursements. Despite a forecasted FFO fall this year, he believes it will surpass expectations for positive growth and notes its safer debt ratio compared to competitors like MPW.

“GMRE is one of the smaller REITs in the space at just over $1 billion market cap, but more focused on hospital patient services and clinics with 185 buildings and 4.8 million square ft.”

The YouTuber likes GMRE as one of his top three picks due to its higher dividend yield of 8.8% and its focus on inpatient services and medical office buildings, aligning with the hospital rebound theme. Despite a slightly higher debt-to-EBITDA ratio, its valuation at 11 times FFO is relatively cheaper than American Healthcare.

“but I do like gmre as one of my top three”

The analyst is adding to his position in Global Medical REIT, along with other property stocks, due to the expected support from upcoming interest rate cuts. He believes the real estate sector is turning around after a tough period, making individual names like GMRE attractive.

“I'm now adding more as those coming interest rate Cuts should give the sector that support it needs after three tough years I've been adding the sector level ETF the xlre along with individual names like Global Medical Reit gmre”

The YouTuber recommends Global Medical REIT for its focus on medical office and inpatient rehab facilities, which haven't suffered from the 'work from home' trend. Despite being a smaller REIT, its strong occupancy, 7.5% dividend, and dividend stability through the pandemic make it a safer way to benefit from the healthcare REIT trend.

“another Healthcare name here with Global Medical reate ticker gmre and it's 7.5% dividend here gmre is more focused on the medical office and Inpatient Rehab facilities than Hospital owner mpw which I also own but Global Medical has strong occupancy and medical office hasn't seen that same work from home destruction that we've seen in the general office space”