GMRE - Global Medical: The 7.6% Preferred Yield Trumps The Common
2024-05-23 16:28:19 ET
Summary
- Global Medical REIT Inc. experienced a slight decline in revenues and occupancy levels in Q1-2024.
- The company's growth strategy has stalled, but it still yields a whopping 9.6%.
- We look at the dividend safety of the common shares and also go over why we don't own the safer preferreds yielding 7.6%.
On our last update on Global Medical REIT Inc. ( GMRE ), we explained why we liked the company but were happy to get rid of our shares at $10.00. We had setup the $10.00 covered calls, and the jury was still out whether that set would be called away or no. Since that point, the stock kept both the bulls and bears on the edge of their seats and gave them some pulse pounding action. The end result though, as Shakespeare would put it, was "Much Ado About Nothing"....
Global Medical: The 7.6% Preferred Yield Trumps The Common