Global Medical REIT: Fourth Quarter Financial Overview

Global Medical REIT Reports Fourth Quarter Financial Results

Global Medical REIT Inc., headquartered in Bethesda, Maryland, released its fourth quarter financial performance on Wednesday.

During this period, the company recorded funds from operations totaling $14 million, which equates to 97 cents per share.

Funds from operations is a significant metric within the real estate investment trust sector, calculated by adjusting net income to include depreciation and amortization.

The company also reported a net loss of $7.4 million, or 55 cents per share, for the quarter.

Quarterly revenue reached $38.4 million.

For the entire year, Global Medical REIT reported funds from operations of $57.6 million and total revenue of $148.2 million.

Looking ahead, the company anticipates full-year funds from operations to fall between $4.30 and $4.45 per share.