GMREPA.PFD (Global Medical REIT) Construction In Progress : $4.18 Mil (As of Mar. 2025)

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What is Global Medical REIT Construction In Progress?

Global Medical REIT's quarterly construction in progress declined from Sep. 2024 ($8.47 Mil) to Dec. 2024 ($6.73 Mil) and declined from Dec. 2024 ($6.73 Mil) to Mar. 2025 ($4.18 Mil).

Global Medical REIT's annual construction in progress increased from Dec. 2022 ($1.55 Mil) to Dec. 2023 ($3.35 Mil) and increased from Dec. 2023 ($3.35 Mil) to Dec. 2024 ($6.73 Mil).

Global Medical REIT Construction In Progress Historical Data

The historical data trend for Global Medical REIT's Construction In Progress 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.

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Global Medical REIT Construction In Progress Chart

Global Medical REIT Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Construction In Progress

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1.55

3.35

6.73

Global Medical REIT Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Construction In Progress	Get a 7-Day Free Trial															3.85	4.90	8.47	6.73	4.18

Global Medical REIT Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Global Medical REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Global Medical REIT Inc (NYSE:GMREpA.PFD) » Definitions » Construction In Progress

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GMRE:USA 3UN:Germany

Address

7373 Wisconsin Avenue, Suite 800, Bethesda, MD, USA, 20814

Website

https://www.globalmedicalreit.com

Global Medical REIT Inc is engaged predominantly in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to physician groups and regional and national healthcare systems. 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. Its healthcare facilities are located in secondary markets and suburbs of primary markets and are typically leased to single-tenants under triple-net leases.