See more : Olympic Group Corporation (8289.T) Income Statement Analysis – Financial Results
Complete financial analysis of Global Medical REIT Inc. (GMRE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Global Medical REIT Inc., a leading company in the REIT – Healthcare Facilities industry within the Real Estate sector.
You may be interested
- Bio Meat Foodtech – Limited Partnership (BIMT.TA) Income Statement Analysis – Financial Results
- PT Pioneerindo Gourmet International Tbk (PTSP.JK) Income Statement Analysis – Financial Results
- Macau E&M Holding Limited (1408.HK) Income Statement Analysis – Financial Results
- Tower Properties Company (TPRP) Income Statement Analysis – Financial Results
- TCM Biotech International Corp. (4169.TWO) Income Statement Analysis – Financial Results
Global Medical REIT Inc. (GMRE)
About Global Medical REIT Inc.
Global Medical REIT Inc. is net-lease medical office REIT that acquires purpose-built specialized healthcare facilities and leases those facilities to strong healthcare systems and physician groups with leading market share.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 140.93M | 137.28M | 115.94M | 93.73M | 70.73M | 53.19M | 30.22M | 8.08M | 2.06M | 380.41K | 0.00 | 0.00 |
| Cost of Revenue | 86.22M | 25.19M | 15.49M | 10.87M | 5.96M | 3.72M | 1.86M | 1.43M | 1.02M | 360.00K | 0.00 | 0.00 |
| Gross Profit | 54.72M | 112.10M | 100.45M | 82.86M | 64.77M | 49.47M | 28.36M | 6.65M | 1.04M | 20.41K | 0.00 | 0.00 |
| Gross Profit Ratio | 38.82% | 81.65% | 86.64% | 88.41% | 91.58% | 93.01% | 93.85% | 82.25% | 50.54% | 5.36% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.15 | 0.17 | -0.03 | 0.14 | 0.27 | 0.00 | -0.77 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 16.85M | 16.55M | 16.45M | 29.96M | 12.80M | 9.96M | 8.61M | 5.73M | 865.14K | 604.87K | 45.34K | 50.11K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 16.85M | 16.55M | 16.45M | 29.96M | 12.80M | 9.96M | 8.61M | 5.73M | 865.14K | 604.87K | 45.34K | 50.11K |
| Other Expenses | 0.00 | 56.72M | 46.88M | 36.35M | 24.64M | 17.27M | 121.00K | 130.78K | 659.67K | 129.08K | 0.00 | 0.00 |
| Operating Expenses | 16.90M | 73.27M | 63.33M | 66.32M | 37.44M | 27.23M | 18.61M | 8.10M | 1.52M | 733.95K | 45.34K | 50.11K |
| Cost & Expenses | 103.11M | 98.46M | 78.82M | 77.18M | 43.40M | 30.95M | 20.47M | 8.10M | 1.52M | 733.95K | 45.34K | 50.11K |
| Interest Income | 0.00 | 25.23M | 19.70M | 18.68M | 17.47M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 30.89M | 25.23M | 19.70M | 18.68M | 17.47M | 14.98M | 7.44M | 4.14M | 1.52M | 298.66K | 0.00 | 0.00 |
| Depreciation & Amortization | 59.01M | 98.81M | 78.97M | 77.51M | 43.70M | 31.33M | 23.00M | 10.43M | 659.67K | 129.08K | 0.00 | 50.11K |
| EBITDA | 111.64M | 96.49M | 84.00M | 53.00M | 50.82M | 40.20M | 17.35M | 2.48M | 569.53K | -224.46K | -45.34K | 0.00 |
| EBITDA Ratio | 79.21% | 70.28% | 72.45% | 56.44% | 73.48% | 75.58% | 66.18% | 30.75% | 58.04% | -59.01% | 0.00% | 0.00% |
| Operating Income | 37.94M | 38.83M | 37.12M | 16.55M | 27.33M | 22.24M | 7.35M | -2.21M | -1.52M | -652.21K | -45.34K | -50.11K |
| Operating Income Ratio | 26.92% | 28.28% | 32.02% | 17.65% | 38.64% | 41.82% | 24.31% | -27.41% | -73.96% | -171.45% | 0.00% | 0.00% |
| Total Other Income/Expenses | -16.20M | -18.83M | -18.78M | -30.77M | -17.47M | -7.68M | -9.96M | -6.33M | -2.13M | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 21.73M | 20.00M | 18.34M | -2.50M | 9.59M | 14.56M | -87.00K | -6.35M | -1.61M | -652.21K | -45.34K | -50.11K |
| Income Before Tax Ratio | 15.42% | 14.57% | 15.82% | -2.67% | 13.56% | 27.37% | -0.29% | -78.64% | -78.06% | -171.45% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | 25.23M | 20.42M | 18.11M | 17.83M | 1.07M | -49.00K | 4.27M | 1.52M | 597.33K | 0.00 | 50.11K |
| Net Income | 20.61M | -5.23M | -2.07M | -20.61M | -8.24M | 13.49M | -38.00K | -6.35M | -1.61M | -652.21K | -45.34K | -50.11K |
| Net Income Ratio | 14.63% | -3.81% | -1.79% | -21.98% | -11.65% | 25.36% | -0.13% | -78.64% | -78.06% | -171.45% | 0.00% | 0.00% |
| EPS | 0.23 | -0.08 | -0.03 | -0.45 | -0.24 | 0.61 | 0.00 | -0.68 | -6.44 | -13.49 | -2.32 | -2.51 |
| EPS Diluted | 0.23 | -0.08 | -0.03 | -0.45 | -0.24 | 0.61 | 0.00 | -0.68 | -6.44 | -13.49 | -2.32 | -2.51 |
| Weighted Avg Shares Out | 65.55M | 65.46M | 60.64M | 46.26M | 33.87M | 21.97M | 19.62M | 9.30M | 250.00K | 48.36K | 19.57K | 20.00K |
| Weighted Avg Shares Out (Dil) | 65.55M | 65.46M | 60.64M | 46.26M | 33.87M | 21.97M | 19.62M | 9.30M | 250.00K | 48.36K | 19.57K | 20.00K |
Debunking Common Myths From REIT Bulls
Equity REITs are widely preferred by retail investors mainly due to attractive dividend yields and simple business models. The underlying simplicity creates favorable dynamics for REIT analysts to also apply superficial analysis and many heuristics to support their bull thesis.
Why I Stopped Buying Treasuries To Buy REITs Instead
Treasuries now offer a 5.5% yield. Many investors are turning to Treasuries for safety.
Getting Ready For A 'Higher-For-Longer' Scenario For REITs
In the past decade, many REITs have become complacent and devised aggressive financing strategies that were underpinned by low interest rates. The sudden shift in the interest rates and a probability of a "higher-for-longer" scenario can put a notable share...
3 Top REITs To Buy In May
REITs as a sector have been hit extremely hard during this rate hike environment, but we are nearing the end of this cycle. Higher rates have created deep value opportunities in high-quality REITs.
Global Medical REIT: Dividend Cut Is Coming
I have been covering GMRE since early 2019 and up until May 4, 2023, the rating was a clear buy. While the recent Q1 showed a continued resiliency in the underlying cash flow generation, for dividend-seeking investors, GMRE has become...
MPW Vs. GMRE: Which Is The Best REIT To Buy Today?
Medical Properties Trust, Inc. pays a 14% dividend yield. Global Medical REIT Inc. pays a 14% dividend yield.
Global Medical REIT Enters Deep Value Territory But Doesn't Belong
GMRE has gotten far too cheap. Rent growth has kept up with interest rate increases to keep FFO strong.
Global Medical REIT Inc. (GMRE) Q1 2023 Earnings Call Transcript
Global Medical REIT Inc. (NYSE:GMRE ) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Steve Swett - Investor Relations Jeff Busch - Chief Executive Officer Alfonzo Leon - Chief Investment Officer Bob Kiernan - Chief...
Sell Alert: 2 REITs Getting Risky
Many REITs are today very opportunistic. But not all of them are.
Global Medical REIT: From Buy To Hold After Q1 Results (Rating Downgrade)
On March this year, I reiterated my buy rating for GMRE that was initially issued back at the beginning of 2019. The key drivers of my bull thesis were resilient cash flow generation, well-structured balance sheet, and extremely cheap valuations.
Source: https://incomestatements.info
Category: Stock Reports