Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Global Medical REIT's share price for the quarter that ended in Dec. 2023 was $11.1. Global Medical REIT's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 65.6 Mil. Therefore, Global Medical REIT's market cap for the quarter that ended in Dec. 2023 was $727.8 Mil.
Global Medical REIT's quarterly market cap
declined
from Jun. 2023 ($598.6 Mil) to Sep. 2023 ($588.1 Mil) but then
increased
from Sep. 2023 ($588.1 Mil) to Dec. 2023 ($727.8 Mil).
Global Medical REIT's annual market cap
declined
from Dec. 2021 ($1,151.6 Mil) to Dec. 2022 ($621.1 Mil) but then
increased
from Dec. 2022 ($621.1 Mil) to Dec. 2023 ($727.8 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Global Medical REIT's Enterprise Value for Today is $1,221.2 Mil.
Global Medical REIT Market Cap Historical Data
The historical data trend for Global Medical REIT's Market Cap 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.
* Premium members only.
Global Medical REIT Annual Data
Trend
Aug14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Market Cap
579.55
645.96
1,151.62
621.11
727.77
Global Medical REIT Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Market Cap
621.11
596.98
598.61
588.12
727.77
Competitive Comparison
For the REIT - Healthcare Facilities subindustry, Global Medical REIT's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Global Medical REIT Market Cap Distribution
For the REITs industry and Real Estate sector, Global Medical REIT's Market Cap distribution charts can be found below:
* The bar in red indicates where Global Medical REIT's Market Cap falls into.
Global Medical REIT Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Global Medical REIT's Market Cap 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) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Global Medical REIT Market Cap Related Terms
Thank you for viewing the detailed overview of Global Medical REIT's Market Cap 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.
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