Global Healthcare Reit, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 04:02 pm EDT
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Global Healthcare REIT, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 6.012 million compared to USD 5.130 million a year ago. Operating income was USD 2,063 compared to USD 1.651 million a year ago. Net loss was USD 678,780 compared to net income of USD 1.123 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. For the half year, total revenue was USD 11.774 million compared to USD 8.982 million a year ago. Operating loss was USD 303,308 compared to operating Income of USD 2.219 million a year ago. Net loss was USD 430,724 compared to net income of USD 1.184 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.04 a year ago.
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. 
