How does the REITâs valuation multiples (FFO P/E, EV/EBITDA) compare to its main competitors?
Answer
The press release you referenced only announces Global Medical REITâs (tickerâŻGMRE) secondâquarter 2025 financial results. It does not include any details on the companyâs valuation multiplesâsuch as its FundsâFromâOperations (FFO) priceâtoâearnings (P/E) ratio, enterpriseâvalueâtoâEBITDA (EV/EBITDA) multiple, or comparable metrics for its peer group.
Because those specific figures arenât disclosed in the release, I canât directly compare GMREâs FFOâŻP/E or EV/EBITDA to those of its main competitors from this source alone.
What to Do Next
If you need a sideâbyâside comparison of GMREâs valuation multiples versus peers (e.g., Healthpeak Properties (HPG), Medical Properties Trust (MPW), Surgery Center Properties (SCPC), etc.), youâll typically gather the data from one or more of the following places:
Source | How to Use It |
---|---|
Companyâs Quarterly/Annual Filings (10âQ, 10âK) | The âManagementâs Discussion & Analysisâ (MD&A) section often lists FFO, EBITDA, and sometimes the corresponding valuation ratios. |
Investor Presentations / Earnings Call Transcripts | Management sometimes provides forwardâlooking guidance on FFOâŻP/E or EV/EBITDA, or at least the raw FFO/EBITDA numbers you can convert to multiples using the current share price and marketâcap data. |
Financial Data Platforms (Bloomberg, FactSet, S&P Capital IQ, Thomson Reuters Eikon) | These services calculate and display FFOâŻP/E, EV/EBITDA, and other REITâspecific multiples for both the subject company and its peer set. |
Industry Research Reports | Analystsâ reports on âMedical REITsâ often include a valuationâmultiple table comparing the top players. |
SECâs EDGAR âCompany Filingsâ Search | Look for âvaluation multiples,â âFFO,â or âEBITDAâ in the filingâs footnotes or supplemental tables. |
Steps to compute the multiples yourself (if you have the raw numbers):
FFOâŻP/E
- FFO = Net income + (depreciation & amortization) â (gains on asset sales) â (interest expense).
- FFO per share = FFO Ă· diluted shares outstanding.
- FFOâŻP/E = Current share price Ă· FFO per share.
- FFO = Net income + (depreciation & amortization) â (gains on asset sales) â (interest expense).
EV/EBITDA
- Enterprise Value (EV) = Marketâcap + total debt â cash & cash equivalents.
- EBITDA = Net income + interest + taxes + depreciation & amortization.
- EV/EBITDA = EV Ă· EBITDA (or EBITDA per share, if you prefer the perâshare version).
- Enterprise Value (EV) = Marketâcap + total debt â cash & cash equivalents.
Peer Comparison
- Pull the same numbers for each competitor and place them in a table.
- Highlight where GMRE sits relative to the median or mean of the peer set (e.g., âGMREâs EV/EBITDA of 12.3Ă is below the peer median of 13.8Ă, indicating a modest discount.â).
- Pull the same numbers for each competitor and place them in a table.
Quick Takeaway (Based on Typical Industry Ranges)
While I canât provide the exact numbers for GMRE without additional data, hereâs a general sense of where medicalâREIT multiples tend to fall (as of midâ2025):
Metric | Typical Range for LargeâCap Medical REITs |
---|---|
FFOâŻP/E | 15âŻââŻ25Ă |
EV/EBITDA | 10âŻââŻ14Ă |
If GMREâs multiples are inside or below these ranges, the market may be pricing the stock at a discount relative to peers; if theyâre above, the stock could be viewed as premiumâvalued (perhaps due to higher growth expectations, superior asset quality, or stronger balanceâsheet metrics).
Bottom Line
- The press release you cited does not contain the valuation multiples needed for a direct comparison.
- To answer the question, youâll need to retrieve the relevant financial data from GMREâs SEC filings, earnings call materials, or a financial data platform, then calculate or pull the FFOâŻP/E and EV/EBITDA figures for both GMRE and its main competitors.
If you can provide the specific FFO, EBITDA, marketâcap, debt, and cash figures (or point me to a source that lists the multiples), Iâd be happy to run the calculations and give you a precise comparative analysis.