Global Medical REIT (GMRE) Q3 FFO and Revenues Miss Estimates
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Global Medical REIT (GMRE) reported Q3 funds from operations (FFO) of $0.22 per share, missing the Zacks Consensus Estimate of $0.23 per share. This is a decrease from the $0.23 per share reported a year ago.
November 07, 2024 | 12:15 am
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NEGATIVE IMPACT
Global Medical REIT's Q3 FFO of $0.22 per share missed estimates and is down from last year's $0.23 per share, potentially impacting investor sentiment negatively.
The miss in FFO compared to estimates and the year-over-year decline could lead to negative investor sentiment, likely putting short-term pressure on GMRE's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100