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Dec 31, 2022
Global Medical REIT Q4 2022 Earnings Report
Announced fourth quarter and year-end 2022 financial results.
Key Takeaways
Global Medical REIT reported a 19.7% year-over-year increase in rental revenue for Q4 2022, reaching $36.3 million. Net income attributable to common stockholders was $0.4 million, or $0.01 per diluted share. The company's portfolio was 96.5% occupied as of December 31, 2022.
Rental revenue increased 19.7% year-over-year to $36.3 million.
Net income attributable to common stockholders totaled $0.4 million, or $0.01 per diluted share.
FFO was $15.5 million, or $0.22 per share and unit, and AFFO was $16.5 million, or $0.24 per share and unit.
Portfolio was 96.5% occupied with an annualized base rent of $114.5 million.
Forward Guidance
Weighted average interest rates on the Company’s fixed debt are expected to decrease to approximately 3.67% in 2023, 3.50% in 2024, and 3.43% in 2025, based on the Company’s current leverage.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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