Company Quick10K Filing
Global Medical REIT
10-Q 2020-03-31 Filed 2020-05-08
10-K 2019-12-31 Filed 2020-03-09
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-08
10-Q 2019-03-31 Filed 2019-05-09
10-K 2018-12-31 Filed 2019-03-11
10-Q 2018-09-30 Filed 2018-11-06
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-09
10-K 2017-12-31 Filed 2018-03-12
10-Q 2017-09-30 Filed 2017-11-09
10-Q 2017-06-30 Filed 2017-08-10
10-Q 2017-03-31 Filed 2017-05-11
10-K 2016-12-31 Filed 2017-03-27
10-Q 2016-09-30 Filed 2016-11-10
10-Q 2016-06-30 Filed 2016-08-11
10-Q 2016-03-31 Filed 2016-05-09
10-K 2015-12-31 Filed 2016-03-21
10-Q 2015-09-30 Filed 2015-11-03
10-Q 2015-06-30 Filed 2015-07-30
10-Q 2015-03-31 Filed 2015-05-01
10-Q 2014-11-30 Filed 2015-02-13
10-K 2014-08-31 Filed 2014-12-16
10-Q 2014-05-31 Filed 2014-07-22
10-Q 2014-02-28 Filed 2014-04-22
10-Q 2013-11-30 Filed 2014-01-14
10-K 2013-08-31 Filed 2013-11-29
10-Q 2013-02-28 Filed 2013-04-18
10-Q 2012-11-30 Filed 2013-01-16
10-K 2012-08-31 Filed 2012-11-29
10-Q 2012-05-31 Filed 2012-07-19
10-Q 2012-02-29 Filed 2012-04-16
8-K 2020-05-06 Earnings, Exhibits
8-K 2020-04-09 Sale of Shares
8-K 2020-03-17 Officers, Exhibits
8-K 2020-03-03 Earnings, Other Events, Exhibits
8-K 2020-03-03 Officers, Exhibits
8-K 2020-01-17 Sale of Shares
8-K 2019-12-11 Enter Agreement, Regulation FD, Exhibits
8-K 2019-12-10 Other Events
8-K 2019-11-12 Regulation FD, Exhibits
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-09-30 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2019-09-27 Regulation FD, Exhibits
8-K 2019-08-13 Amend Bylaw, Exhibits
8-K 2019-08-07 Earnings, Exhibits
8-K 2019-06-21 Enter Agreement, Exhibits
8-K 2019-05-29 Officers, Shareholder Vote, Regulation FD, Exhibits
8-K 2019-05-08 Earnings, Exhibits
8-K 2019-04-15 Enter Agreement, M&A, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2019-04-08 Accountant, Exhibits
8-K 2019-03-14 Enter Agreement, Regulation FD, Exhibits
8-K 2019-03-12 Enter Agreement, Exhibits
8-K 2019-03-05 Earnings, Officers, Other Events, Exhibits
8-K 2018-12-13 Regulation FD, Other Events, Exhibits
8-K 2018-12-12 Enter Agreement, Regulation FD, Exhibits
8-K 2018-11-07 Regulation FD, Exhibits
8-K 2018-11-05 Earnings, Exhibits
8-K 2018-09-09 Regulation FD, Other Events, Exhibits
8-K 2018-08-17 Enter Agreement, Leave Agreement, Exhibits
8-K 2018-08-07 Earnings, Exhibits
8-K 2018-07-02 Regulation FD, Exhibits
8-K 2018-06-26 Regulation FD
8-K 2018-06-14 Officers, Regulation FD, Other Events, Exhibits
8-K 2018-05-30 Shareholder Vote, Regulation FD, Exhibits
8-K 2018-05-08 Earnings, Exhibits
8-K 2018-04-19 Enter Agreement, M&A, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-04-09 Officers, Exhibits
8-K 2018-03-05 Enter Agreement, Earnings, Off-BS Arrangement, Officers, Regulation FD, Other Events, Exhibits
8-K 2018-01-31 Regulation FD, Exhibits

Global Medical REIT Financials

GMRE Metrics, Comps, Filings

Quarterly | Annual

Business

Global Medical REIT Inc. (the “Company,” “we,” “us,” or “our”) was formed in 2011, re domiciled as a Maryland corporation in 2014, and is engaged primarily in the acquisition of purpose-built healthcare facilities and leasing of those properties to strong healthcare systems and physician groups with leading market share. We are externally managed and advised by our Advisor. See “—Our Advisor and our Management Agreement” for a description of our Advisor and the terms of our management agreement.

We hold our facilities and conduct our operations through a Delaware limited partnership subsidiary named Global Medical REIT L.P. (the “Operating Partnership”). We, through a wholly-owned subsidiary, serve as the sole general partner of the Operating Partnership. As of December 31, 2018, we were the 87.42% limited partner of the Operating Partnership, with the remaining 12.58% owned by holders of long-term incentive plan units granted under our equity compensation plan (“LTIP Units”) and third-party limited partners who contributed properties or services to the Operating Partnership in exchange for limited partnership units (“OP Units”).

We elected to be taxed as a REIT for U.S. federal income tax purposes commencing with our taxable year ended December 31, 2016.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
UMH Properties (UMH) 566,047 69% 8.4 2% 1,010,152 473,518 143,091 98,729 24,219 65,456 547,879
One Liberty Properties (OLP) 535,614 0% 11.6 2% 785,141 493,173 82,558 0 13,870 45,264 524,391
Western Asset Mortgage Capital (WMC) 532,776 2.3 1% 5,254,481 4,690,121 0 0 40,555 195,937 446,163
Ares Commercial Real Estate (ACRE) 454,953 0% 28.7 2% 1,674,697 1,248,953 70,204 0 37,350 43,085 1,234,807
Pennsylvania REIT (PEI) 446,988 39% 6.1 -3% 2,334,046 1,871,556 248,071 97,807 -74,352 70,720 429,096
Jernigan Capital (JCAP) 439,623 0% 6.8 8% 776,233 186,816 42,631 0 60,193 69,265 473,837
Great Ajax (AJX) 430,060 4.7 2% 1,553,686 1,195,722 0 0 29,970 79,924 372,134
Global Medical REIT (GMRE) 413,343 0% 10.5 2% 812,318 440,875 64,651 0 16,317 42,602 446,992
Orchid Island Capital (ORC) 364,476 -7.8 -0% 4,253,331 3,861,343 0 0 -20,744 -20,744 162,260
Spirit Mta REIT (SMTA) 359,091 0% 37.2 -3% 2,012,651 2,037,210 168,227 0 -58,410 59,497 2,213,149
Dynex Capital (DX) 355,358 -2.2 -4% 5,487,401 4,902,954 0 0 -207,803 -100,405 216,423
MedEquities Realty Trust (MRT) 349,614 0% 17.7 1% 643,159 295,021 57,230 0 5,455 34,848 616,756
Anworth Mortgage Asset (ANH) 345,687 113.6 -3% 4,581,761 4,027,669 0 0 -121,095 6,078 690,585
Ashford Hospitality Trust (AHT) 328,905 29% 33.4 -2% 4,769,051 4,380,969 1,491,591 429,015 -85,476 120,622 4,033,366
Braemar Hotels & Resorts (BHR) 313,212 27% 45.9 -2% 1,766,565 1,262,528 464,858 127,535 -26,806 26,997 1,238,262
CBL & Associates Properties (CBL) 292,336 0% 24.5 -4% 4,770,279 3,959,342 795,539 0 -196,353 161,702 3,955,734
Drive Shack (DS) 282,283 70% -17.7 -7% 535,906 452,250 269,535 189,791 -39,578 -15,122 267,770
Transcontinental Realty Investors (TCI) 280,108 0% 2.9 15% 872,869 511,823 35,652 0 133,493 149,939 428,216
Bluerock Residential Growth REIT (BRG) 269,990 0% 14.2 1% 2,090,483 1,304,171 207,461 0 26,106 102,030 1,448,362
Cedar Realty Trust (CDR) 261,722 0% 4.0 1% 1,222,785 695,610 145,387 0 16,216 65,106 259,739

Balance Sheet ($'000)2012-05-312012-08-312012-11-302013-02-282013-05-312013-08-312014-02-282014-11-302015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash27121196433333693413019,1841,2782,57581,34819,6718,35712,0346,7775,1097,4016,1873,8224,8433,3085,8725,826
Accounts Receivable3002621772123475346177041,2531,3391,7442,9053,5593,9354,167
Inventory
PP&E24,09523,89223,75135,20655,14994,08494,084124,829206,597314,664355,072422,278471,507537,311602,009613,037647,550668,931763,601830,446
Assets24,74724,52324,34935,87365,32996,09798,386205,791227,319325,768369,396428,928474,571539,856602,027604,091636,099656,690750,722812,318
Accounts Payable
Long-Term Debt55,79255,69941,09839,47539,47539,47539,47539,47539,47539,47539,47539,47539,45339,47539,475
Liabilities22,87323,04923,07235,15765,46783,34686,25146,08372,291176,514193,093175,901215,558285,113346,514349,435336,349286,128389,119440,875
Stockholders' Equity2142-2-8-16-371,8741,4741,277716-13912,75112,135159,708155,028149,255176,303252,335246,335242,420238,030236,955269,295340,220331,176340,988
Income Statement ($'000)2012-05-312012-08-312012-11-302013-02-282013-05-312013-08-312014-02-282014-11-302015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue4454624564876571,3141,7712,0033,1234,65910,0798,3899,87411,56413,24914,00314,37615,20016,88018,195
Cost of Revenue
Gross Profit
R&D
SG&A261728478156476378-138893681,7221,3132,8412,5819901,0711,0051,7681,3951,6061,6401,681
Tax00000
Net Income-26-17-28-4-7-8-14-283-189-38-498-790-1,947-494-1,983-1,930-2,541-6236061,2491,9011,3841,7739,5042,0432,4622,308
Cash Flow ($'000)2012-05-312012-08-312012-11-302013-02-282013-05-312013-08-312014-02-282014-11-302015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating-15-26-2-4-2130-139-141-69-129-1,116911-1,855-6638192,9954,3259,2955,6284,1776,14810,51610,017
Cash Investing-2,5072,501-11,674-20,659-37,573-68-30,694-82,022-109,249-38,815-39,147-66,250-59,321-10,860-22,655-94,819-65,200
Cash Financing0250002,546207-2,48911,70329,88430,0121,224111,32221,00997,11539,49733,15557,24252,4794,31814,97286,86755,137