Global Medical REIT: A Buying Opportunity Emerges In The 7.5% Preferred Shares (Rating Upgrade)

  • Global Medical REIT is a triple-net healthcare REIT focused on medical office buildings and inpatient rehabilitation facilities. The REIT's preferred shares have recently dipped below par value, allowing investors to lock in an attractive dividend yield just as the Fed is about to renew its policy normalization. Preferred dividends remain well covered in terms of AFFO. Preferred equity likewise enjoys a substantial common equity cushion.