Global Medical REIT Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 04:05 pm EDT
Share
Global Medical REIT Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 36.32 million compared to USD 33.68 million a year ago. Revenue was USD 36.35 million compared to USD 33.7 million a year ago. Net income was USD 13.28 million compared to USD 3.69 million a year ago. Basic earnings per share from continuing operations was USD 0.18 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.18 compared to USD 0.03 a year ago.
For the six months, sales was USD 72.52 million compared to USD 65.53 million a year ago. Revenue was USD 72.58 million compared to USD 65.57 million a year ago. Net income was USD 15.4 million compared to USD 7.81 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.19 compared to USD 0.07 a year ago.
Global Medical REIT Inc. is an internally managed real estate investment trust (REIT). The Company acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems. The Company conducts its business through a wholly owned subsidiaries of its operating partnership, Global Medical REIT L.P. It owns 92.91% of the outstanding common operating partnership units (OP Units) of its operating partnership, with an aggregate of 7.09% of the Operating Partnership owned by holders of long-term incentive plan units (LTIP Units) and third-party limited partners who contributed properties or services to the operating partnership in exchange for OP Units. Its portfolio includes medical office buildings (MOBs), inpatient rehab. facility (IRF), surgical hospital and others. The Company's portfolio is located in various areas, including Texas, Florida, Ohio, Oklahoma, Pennsylvania, Arizona, and Illinois.
GLOBAL MEDICAL REIT INC. 
