BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Global Medical REIT Inc. (GMRE) on Tuesday reported a key measure of profitability in its first quarter.
The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $16.5 million, or 23 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 $794,000, or 1 cent per share.
The real estate investment trust, based in Bethesda, Maryland, posted revenue of $35.1 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GMRE at https://www.zacks.com/ap/GMRE