Global Medical REIT Inc. (GMRE)

Global Medical REIT Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	141.6	138.41	140.93	137.17	115.8	93.52
Other Revenue	0.29	0.35	0.12	0.12	0.13	0.21
Total Revenue	141.9	138.76	141.05	137.28	115.94	93.73
Revenue Growth (YoY	2.95%	-1.62%	2.74%	18.41%	23.69%	32.53%
Property Expenses	0.16	0.16	0.04	0.35	0.15	6.3
Selling, General & Administrative	55.92	54.92	50.01	46.68	35.86	25.63
Depreciation & Amortization	41.8	40.43	41.27	40.01	33.83	26.75
Total Operating Expenses	108.05	105.89	103.11	98.81	78.97	65.46
Operating Income	33.85	32.87	37.94	38.47	36.97	28.28
Interest Expense	-29.98	-28.69	-30.89	-25.23	-19.7	-18.68
EBT Excluding Unusual Items	3.87	4.18	7.04	13.24	17.27	9.6
Gain (Loss) on Sale of Assets	9.15	4.21	15.56	6.75	1.07	-
Asset Writedown	-1.7	-1.7	-	-	-	-
Other Unusual Items	-0.67	-	-0.87	-	-	-12.09
Pretax Income	10.65	6.69	21.73	20	18.34	-2.5
Earnings From Continuing Operations	10.65	6.69	21.73	20	18.34	-2.5
Minority Interest in Earnings	-0.36	-0.06	-1.12	-0.85	-0.72	0.57
Net Income	10.29	6.63	20.61	19.14	17.62	-1.93
Preferred Dividends & Other Adjustments	5.82	5.82	5.82	5.82	5.82	5.82
Net Income to Common	4.47	0.81	14.79	13.32	11.8	-7.75
Net Income Growth	78.46%	-67.82%	7.68%	8.63%	-	-
Basic Shares Outstanding	67	66	66	65	61	46
Diluted Shares Outstanding	67	66	66	65	61	46
Shares Change (YoY)	1.54%	0.59%	0.13%	7.95%	31.10%	36.59%
EPS (Basic)	0.07	0.01	0.23	0.20	0.19	-0.17
EPS (Diluted)	0.07	0.01	0.23	0.20	0.19	-0.17
EPS Growth	-	-94.55%	10.89%	4.57%	-	-
Dividend Per Share	0.780	0.840	0.840	0.840	0.820	0.800
Dividend Growth	-7.14%	-	-	2.44%	2.50%	-
Operating Margin	23.85%	23.69%	26.90%	28.02%	31.89%	30.17%
Profit Margin	3.15%	0.58%	10.49%	9.70%	10.18%	-8.27%
EBITDA	86.19	84.41	91.87	91.19	80.36	62.27
EBITDA Margin	60.74%	60.83%	65.13%	66.43%	69.31%	66.43%
D&A For Ebitda	52.34	51.54	53.93	52.72	43.39	33.99
EBIT	33.85	32.87	37.94	38.47	36.97	28.28
EBIT Margin	23.85%	23.69%	26.90%	28.02%	31.89%	30.17%
Funds From Operations (FFO)	53.82	53.61	58.36	64.03	58.22	27.98
Adjusted Funds From Operations (AFFO)	-	63.36	64.31	68.04	61.36	43.94
FFO Payout Ratio	112.46%	111.68%	101.14%	91.24%	90.18%	142.75%
Revenue as Reported	142.01	138.78	141.05	137.28	115.94	93.73

Updated May 8, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q