Global Medical REIT's Total Assets for the quarter that ended in Mar. 2024 was $1,263.6 Mil.
During the past 12 months, Global Medical REIT's average Total Assets Growth Rate was -7.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 5.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 15.30% per year.
During the past 13 years, Global Medical REIT's highest 3-Year average Total Assets Growth Rate was 1302.80%. The lowest was 5.00%. And the median was 47.45%.
The historical data trend for Global Medical REIT's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Global Medical REIT's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Global Medical REIT (NYSE:GMRE) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Global Medical REIT's Asset Turnover for the quarter that ended in Mar. 2024 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Global Medical REIT Total Assets Related Terms
Thank you for viewing the detailed overview of Global Medical REIT's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Medical REIT (Global Medical REIT) Business Description
Global Medical REIT Inc is a Maryland corporation engaged primarily in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to strong healthcare systems and physician groups. Its healthcare facilities are located in secondary markets and suburbs of primary markets and are typically leased to single-tenants under triple-net leases. Its tenants are physician groups, regional or national healthcare systems or combinations thereof. The company's principal business objective is to provide attractive, risk-adjusted returns to its stockholders through a combination of reliable dividends and long-term capital appreciation.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GMRE has been successfully added to your 