Global Medical REIT: Q4 Earnings Snapshot
Global Medical REIT Inc. (GMRE) on Tuesday reported a key measure of profitability in its fourth quarter
By AP News
Published - Mar 01, 2023, 05:10 AM ET
Last Updated - Apr 03, 2024, 03:03 PM EDT
BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Global Medical REIT Inc. (GMRE) on Tuesday reported a key measure of profitability in its fourth quarter.
The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $16.5 million, or 24 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $369,000, or 1 cent per share.
