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Global Medical REIT Inc. (GMRE)

For the quarter ending 2025-06-30, GMRE made $37,969K in revenue. -$800K in net income. Net profit margin of -2.11%.

Overview

Revenue
$37,969K
Net Income
-$800K
Net Profit Margin
-2.11%
EPS
-$0.01
Unit: Thousand (K) dollars
Revenue Breakdown
    • Rental revenue
    • Other income

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Total revenue37,969 34,618 34,264 34,241
Operating expenses8,216 7,585 7,437 7,236
Interest expense8,009 7,167 - -
General and administrative6,025 3,620 4,381 4,589
Depreciation expense11,307 10,307 9,993 10,127
Amortization expense3,984 3,520 3,649 3,866
Total expenses37,541 32,199 - -
Interest expense, operating- - 7,236 6,992
Operating expenses- - 32,696 32,810
Income before other income (expense)428 2,419 1,568 1,431
Gain on sale of investment property207 1,358 1,823 -3,383
Equity loss from unconsolidated joint venture50 40 - -
Net income585 3,737 3,391 -1,952
Less preferred stock dividends1,455 1,455 1,455 1,455
Less net income attributable to noncontrolling interest-70 178 145 -260
Net income (loss) attributable to common stockholders-800 2,104 1,791 -3,147
Earnings per share, basic-0.01 0.03 0.03 -0.05
Earnings per share, diluted-0.01 - 0.03 -0.05
Weighted average number of shares outstanding, basic66,879,000 66,873,000 65,737,000 65,588,000
Weighted average number of shares outstanding, diluted66,879,000 - 65,737,000 65,588,000
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Rental revenue$37,880K (10.71%↑ Y/Y)Other income$89K (229.63%↑ Y/Y)Total revenue$37,969K (10.89%↑ Y/Y)Gain on sale ofinvestment property$207K (106.12%↑ Y/Y)Income before otherincome (expense)$428K (-70.09%↓ Y/Y)Total expenses$37,541K Net income (loss)attributable to common...-$800K (74.58%↑ Y/Y)Less net incomeattributable to...-$70K (73.08%↑ Y/Y)Net income$585K (129.97%↑ Y/Y)Equity loss fromunconsolidated joint venture$50K Amortization expense$3,984K (3.05%↑ Y/Y)Depreciation expense$11,307K (11.65%↑ Y/Y)General andadministrative$6,025K (31.29%↑ Y/Y)Interest expense$8,009K Operating expenses$8,216K (13.54%↑ Y/Y)Less preferred stockdividends$1,455K (0.00%↑ Y/Y)