Global Medical REIT : Investor Presentation – June 2024
June 03, 2024 at 04:35 pm
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NIMBLE.
TENACIOUS.
DISCIPLINED.
Investor Presentation
June 2024
MISSION STATEMENT AND
STRATEGY
Our primary mission is to attain earnings growth and dividend stability by maximizing the investment spread in our healthcare real estate assets.
Our strategies to achieve this mission are as follows:
Asset Type - primarily invest in off-campus,out-patient medical facilities, and post-acute,in-patient medical facilities;
Asset Yield - acquire properties with acquisition capitalization rates of between 7.5% to 8.0%;
Tenants - acquire properties that are tenanted by profitable national or regional healthcare systems or physician groups; and
Management - utilize our experienced management team to operate our company and portfolio to maximize returns to investors.
2
A STRATEGY THAT
DELIVERS VALUE
$1.4B Investments in Real Estate Gross
Atrium Health - Winston-Salem, NC
*Based on closing price of the Company's common stock of $9.29 on May 31, 2024. All other data as of March 31, 2024.
$0.6B
Market Cap*
7.9%
Weighted Average
Cap Rate
9.0%
Dividend Yield*
3
HIGH PERFORMING REAL ESTATE AT
THE FOREFRONT OF HEALTHCARE
4.8M
Net Leasable Area (SF)
(as of March 31, 2024)
IRF
185
268
96.4%
19%
BUILDINGS
TENANTS
OCCUPANCY
4.8X
2.2%
5.8
RENT COVERAGE
WEIGHTED AVERAGE
WEIGHTED AVERAGE
RENT ESCALATIONS
LEASE TERM
MOB 68%
*Occupancy and asset type percentages are based on annualized base rent as of March 31, 2024. All other data as of March 31, 2024. See slide 17 for disclosures
4
regarding the Company's rent coverage calculation.
Mission Health - Livonia, MI
INVESTING IN
THE FUTURE OF
HEALTHCARE
Southlake Heart & Vascular Institute -
Clermont, FL
Encompass - Mesa, AZ
Legent Hospital for Special Surgery - Plano, TX
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A DISTINCT APPROACH
DISCIPLINED MARKET
SELECTION
Bedroom communities
Secondary markets with favorable demand drivers
Positioned to benefit from decentralization trends
STRINGENT UNDERWRITING AND DUE DILIGENCE
Uncover high retention/patient-centric acquisition opportunities
Sustainable cash flows
Attractive lease coverage ratios
RIGOROUS TENANT AND FACILITY
RESILIENT FINANCIAL
IDENTIFICATION
STRUCTURE
• Healthcare systems and
•
Longer-term leases
physician groups with a
•
Annual rent escalations
strong regional footprint
• Essential or mission- critical services
• Off-campus,purpose-built
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INVESTING IN THE FUTURE OF HEALTHCARE
As American's choose to age in place, demand for conveniently located healthcare will continue to increase.
90%
of Americans age 50 and older want to age in place.1
65%
of seniors between the ages of 60 and 70 find it "very easy" to live independently.2
Source: WebMD
Source: aginginplace.org
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"We don't look at investing in real estate as a single activity to be completed but as the first step in building an enduring relationship."
Danica Holley
Chief Operating Officer
NOMS - Sandusky, OH
8
STRONG, DIVERSE HEALTHCARE TENANT BASE
NOT-FOR-PROFIT HEALTH SYSTEMS AFFILIATIONS
FOR-PROFIT SYSTEMS AFFILIATIONS AND SURGICAL OPERATOR PARTNERSHIPS
DOMINANT LOCAL PHYSICIAN GROUPS
9
"With an attentive,
flexible and creative approach, Global Medical REIT worked with us to structure a transaction that met our goals and helped propel our growth. GMRE has been a helpful partner and resource since
our closing."
David Harano
former CEO, Gastro One
10
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Disclaimer
Global Medical REIT Inc. published this content on
03 June 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
03 June 2024 20:34:39 UTC.
Global Medical REIT Inc. is an internally managed real estate investment trust (REIT). The Company acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems. The Company conducts its business through a wholly owned subsidiaries of its operating partnership, Global Medical REIT L.P. It owns 92.91% of the outstanding common operating partnership units (OP Units) of its operating partnership, with an aggregate of 7.09% of the Operating Partnership owned by holders of long-term incentive plan units (LTIP Units) and third-party limited partners who contributed properties or services to the operating partnership in exchange for OP Units. Its portfolio includes medical office buildings (MOBs), inpatient rehab. facility (IRF), surgical hospital and others. The Company's portfolio is located in various areas, including Texas, Florida, Ohio, Oklahoma, Pennsylvania, Arizona, and Illinois.