Global Healthcare Reit, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 20, 2021 at 06:06 am EDT
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Global Healthcare REIT, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was USD 5.762 million compared to USD 3.851 million a year ago. Operating loss was USD 305,371 compared to operating income of USD 568,077 a year ago. Net income was USD 248,056 compared to USD 61,100 a year ago. Basic earnings per share from continuing operations was USD 0.01.
Selectis Health, Inc. acquires, develops, leases, manages, and disposes of healthcare real estate, provides financing to healthcare providers, and provides healthcare operations through its wholly owned subsidiaries. Its portfolio is comprised of investments in three healthcare segments: senior housing, including independent and assisted living, and post-acute/skilled nursing facilities. The Company owns and operates, through wholly owned subsidiaries, Assisted Living Facilities, Independent Living Facilities, and Skilled Nursing Facilities across the South and Southeastern portions of the United States. Assisted Living Facilities are licensed care facilities that provide personal care services, support, and housing for those who need help with activities of daily living yet require limited medical care. Independent Living Facilities are designed to meet the needs of seniors who choose to live in an environment surrounded by their peers.
SELECTIS HEALTH, INC. 
