Global Medical REIT reported a strong fourth quarter, with a 21.8% increase in rental revenue year-over-year to $30.3 million and net income attributable to common stockholders totaling $3.8 million, or $0.06 per diluted share. The company completed four acquisitions for $25.9 million and funded a $6.8 million expansion at its Mercy Rehabilitation Hospital. The portfolio was 97.5% occupied with an annualized base rent of $103.1 million.
Rental revenue increased 21.8% year-over-year to $30.3 million.
Net income attributable to common stockholders totaled $3.8 million, or $0.06 per diluted share.
Completed four acquisitions for an aggregate purchase price of $25.9 million.
Portfolio was 97.5% occupied with an annualized base rent of $103.1 million.
The company expects to reinvest the sales proceeds in 2022 for future acquisitions.
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