Global Medical REIT Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 03, 2021 at 05:02 pm EDT
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Global Medical REIT Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 29.97 million compared to USD 25.06 million a year ago. Revenue was USD 29.98 million compared to USD 25.1 million a year ago. Net income was USD 5.14 million compared to net loss of USD 8.81 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to basic loss per share from continuing operations of USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to diluted loss per share from continuing operations of USD 0.22 a year ago.
For the nine months, sales was USD 85.49 million compared to USD 68.62 million a year ago. Revenue was USD 85.59 million compared to USD 68.8 million a year ago. Net income was USD 12.36 million compared to net loss of USD 4.44 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to basic loss per share from continuing operations of USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to diluted loss per share from continuing operations of USD 0.19 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. 
