Global Medical REIT Q3 2023 AFFO $0.23 Down From $0.25 YoY, Sales $35.49M Miss $36.00M Estimate
Portfolio Pulse from totan@benzinga.com
Global Medical REIT (NYSE:GMRE) reported Q3 2023 earnings of $0.23 per share, down 8% YoY. The company's quarterly sales were $35.49 million, missing the analyst consensus estimate of $36.00 million by 1.43%.
November 06, 2023 | 9:28 pm
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NEGATIVE IMPACT
Global Medical REIT's Q3 2023 earnings and sales missed estimates, which could negatively impact the stock in the short term.
Global Medical REIT reported lower than expected earnings and sales for Q3 2023. This underperformance could lead to a decrease in the company's stock price as it indicates potential operational and financial challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100