GMRE (GMRE)
Global Medical REIT Inc.
NASDAQ:GMREReal Estate · REIT - Healthcare Facilities
Mkt Cap-
Float12.28M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$148.21M
Net Income-$12.12M
Total Assets$1.24B
Free Cash Flow$73.61M
Debt & Equity
Equity 80%
Preferred 20%
Total Debt$0
Total Equity$509.77M
Preferred Stock$124.11M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:5
Nasdaq bars a compliance period at 1:250
- 1:5Reverse splitSep 22, 20255 shares → 1
- 1:400Reverse splitNov 17, 2014400 shares → 1
Balance Sheet Details
Assets$1.24B
Liabilities$712.4M
Accounts Receivable$7.22M
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$5.9M
Intangible Assets$144.57M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-08-31 | 2013-08-31 | 2012-08-31 |
| Revenue | $148.21M | $138.41M | $140.93M | $137.17M | $115.8M | $93.52M | $70.73M | $53.19M | $30.22M | $8.08M | $2.06M | $380K | $0 | $0 |
| YoY Growth | 7.1% | -1.8% | 2.7% | 18.4% | 23.8% | 32.2% | 33.0% | 76.0% | 274.1% | 291.9% | 442.0% | - | - | - |
| Cost of Revenue | $0 | $29.25M | $28.08M | $25.19M | $15.49M | $10.87M | $6.54M | $3.72M | $1.86M | $1.43M | $1.02M | $360K | $0 | $0 |
| Gross Profit | $0 | $109.16M | $112.85M | $111.98M | $100.32M | $82.65M | $64.19M | $49.47M | $28.36M | $6.65M | $1.04M | $20K | $0 | $0 |
| Gross Margin | - | 78.9% | 80.1% | 81.6% | 86.6% | 88.4% | 90.8% | 93.0% | 93.8% | 82.3% | 50.5% | 5.4% | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$0 | -$1 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $20M | $21.12M | $16.85M | $16.55M | $16.45M | $29.96M | $14.25M | $9.96M | $8.61M | $5.73M | $865K | $605K | $45K | $50K |
| Other | $128.21M | $55.36M | $58.13M | $56.72M | $46.88M | $52.69M | $0 | $17.27M | $121K | $131K | $660K | $129K | $0 | $0 |
| Total Operating Expenses | $148.21M | $76.48M | $74.99M | $73.27M | $63.33M | $82.65M | $14.25M | $27.23M | $18.61M | $8.1M | $1.52M | $734K | $45K | $50K |
| Operating Income (EBIT) | $0 | $32.68M | $37.86M | $38.71M | $36.99M | $0 | $49.94M | $22.24M | $7.35M | -$2.21M | -$1.52M | -$652K | -$45K | -$50K |
| Operating Margin | - | 23.6% | 26.9% | 28.2% | 31.9% | - | 70.6% | 41.8% | 24.3% | -27.4% | -74.0% | -171.5% | - | - |
| Interest Expense | $31.75M | $28.69M | $30.89M | $25.23M | $19.7M | $18.68M | $17.47M | $14.97M | $7.43M | $4.14M | $1.52M | $299K | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $0 | -$25.98M | -$16.13M | -$18.71M | -$18.65M | -$2.5M | -$40.35M | -$7.68M | -$9.96M | -$6.33M | -$2.13M | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$12.12M | $6.69M | $21.73M | $20M | $18.34M | -$2.5M | $9.59M | $14.56M | -$87K | -$6.35M | -$1.61M | -$652K | -$45K | -$50K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$49K | $4.27M | $1.52M | $0 | $0 | $0 |
| Net Income | -$12.12M | $6.63M | $20.61M | $19.14M | $17.62M | -$1.93M | $9.23M | $13.49M | -$38K | -$6.35M | -$1.61M | -$652K | -$45K | -$50K |
| Net Income Margin | -8.2% | 4.8% | 14.6% | 14.0% | 15.2% | -2.1% | 13.1% | 25.4% | -0.1% | -78.6% | -78.1% | -171.5% | - | - |
| Supplementary Data | ||||||||||||||
| EPS | -0.91 | 0.31 | 5.75 | 1.02 | 0.97 | -11.25 | 2.52 | 15.25 | -0.05 | -17.00 | -161.00 | -337.25 | -58.00 | -62.75 |
| Diluted EPS | -0.91 | 0.31 | 5.75 | 1.02 | 4.86 | -11.25 | 2.52 | 15.25 | -0.05 | -17.00 | -161.00 | -337.25 | -58.00 | -62.75 |
| Weighted Average OS | 13.38M | 2.64M | 2.62M | 2.62M | 2.43M | 1.85M | 1.35M | 878,840 | 784,680 | 372,080 | 10,000 | 1,934 | 783 | 800 |
| EBITDA | $77.68M | $91.47M | $111.64M | $102.89M | $85.35M | $53M | $52.58M | $47.49M | $17.48M | $121K | $570K | -$224K | -$45K | $0 |
| EBITDA Margin | 52.4% | 66.1% | 79.2% | 75.0% | 73.7% | 56.7% | 74.3% | 89.3% | 57.8% | 1.5% | 27.6% | -59.0% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-08-31 | 2013-08-31 | 2012-08-31 | 2011-08-31 |
| Assets | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash and Cash Equivalents | $9.08M | $6.82M | $1.28M | $4.02M | $7.21M | $5.51M | $2.77M | $3.63M | $5.11M | $19.67M | $9.18M | $333K | $4K | $12K | $47K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $9.08M | $6.82M | $1.28M | $4.02M | $7.21M | $5.51M | $2.77M | $3.63M | $5.11M | $19.67M | $9.18M | $333K | $4K | $12K | $47K |
| Accounts Receivable | $7.22M | $7.69M | $6.96M | $8.24M | $6.23M | $25.79M | $19.16M | $11.61M | $4.55M | $212K | $23K | $3K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$468.18M | $941K | $10.99M | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $2.84M | $6.12M | $18.27M | $11.5M | $10.75M | $10.37M | $2.96M | $3.64M | $0 | $902K | $15K | $0 | $0 | $0 |
| Total Current Assets | $16.31M | $17.35M | $14.35M | $30.53M | $24.95M | $42.05M | $32.3M | $9.68M | $9.46M | $22.04M | $10.09M | $350K | $4K | $12K | $55K |
| Long-Term Assets | |||||||||||||||
| Property, Plant & Equipment Net | $0 | $7.27M | $10.97M | $5.03M | $3.81M | $978.71M | $792.98M | $139K | $426.26M | $196.37M | $55.15M | $24.04M | $0 | $0 | $0 |
| Goodwill | $5.9M | $5.9M | $5.9M | $5.9M | $5.9M | $5.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $144.57M | $54.07M | $65.97M | $91.31M | $87.94M | $52.27M | $41.46M | $36.29M | $31.65M | $7.14M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $2.07M | $0 | $0 | $0 | $0 | $0 | -$636.1M | -$471.82M | -$227.32M | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $636.1M | $471.82M | $227.32M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $1.17B | $1.17B | $1.26B | $1.14B | $21.98M | $18.19M | $589.99M | $7.2M | $1.77M | $94K | $352K | $0 | $0 | $0 |
| Total Long-Term Assets | $150.48M | $1.24B | $1.25B | $1.36B | $1.24B | $1.06B | $852.63M | $626.42M | $465.12M | $205.28M | $55.24M | $24.4M | $0 | $0 | $0 |
| Other Assets | $1.08B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.24B | $1.26B | $1.27B | $1.39B | $1.26B | $1.1B | $884.93M | $636.1M | $474.57M | $227.32M | $65.33M | $24.75M | $4K | $12K | $55K |
| Liabilities | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts Payable | $0 | $16.47M | $12.78M | $13.82M | $10.34M | $7.28M | $5.07M | $3.66M | $2.02M | $574K | $684K | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $631.73M | $585.33M | $636.45M | $514.57M | $18.09M | $6.49M | $276.35M | $0 | $27.7M | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $6.73M | $5.09M | $4.44M | $0 | $0 | $0 | $0 | $0 | $3.19M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $12.47M | $13.29M | -$273.9M | -$1.04M | -$27.86M | $38.92M | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $0 | $671.45M | $619.34M | $670.53M | $540.58M | $37.84M | $24.84M | $288.03M | $173.59M | $32.46M | $1.53M | $629K | $19K | $8K | $380 |
| Long-Term Liabilities | |||||||||||||||
| Long-Term Debt | $0 | $14.4M | $25.9M | $57.67M | $57.16M | $586.58M | $386.17M | $315.01M | $200.69M | $66.11M | $23.49M | $22.24M | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $336.35M | $212.81M | $72.29M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.03M | $1.29M | $278K | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $712.4M | $7.26M | $3.69M | $5.46M | $20.04M | $15.78M | $11.16M | $5.18M | $3.16M | -$26.56M | $847K | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $712.4M | $29.12M | $42.55M | $73.67M | $85.33M | $605.31M | $399.74M | $48.32M | $41.96M | $39.83M | $63.94M | $22.24M | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $712.4M | $700.57M | $661.89M | $744.2M | $625.91M | $643.15M | $424.58M | $336.35M | $215.56M | $72.29M | $65.47M | $22.87M | $19K | $8K | $380 |
| Stockholders' Equity | |||||||||||||||
| Preferred Stock | $124.11M | $74.96M | $74.96M | $74.96M | $74.96M | $74.96M | $74.96M | $74.96M | $74.96M | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $13K | $67K | $66K | $66K | $65K | $49K | $44K | $26K | $22K | $18K | $250 | $250 | $8K | $6K | $6K |
| Retained Earnings | -$349.96M | -$293.74M | -$238.98M | -$198.71M | -$157.02M | -$116.77M | -$71.39M | -$45.01M | -$34.43M | -$16.99M | -$3.15M | -$1.14M | -$96K | -$51K | -$459 |
| Comprehensive Income & Other | $6.1M | $18.61M | $25.13M | $34.67M | -$6.64M | -$18.22M | -$6.67M | -$3.72M | $259.01M | $155.03M | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $859.72M | $827.79M | $822.5M | $831.62M | $779.74M | $561.53M | $501.62M | $314.28M | $280.75M | $172M | $3.01M | $3.01M | $72K | $50K | $50K |
| Total Equity | $509.77M | $534.13M | $583.58M | $632.98M | $622.78M | $444.81M | $430.27M | $269.3M | $246.34M | $155.03M | -$139K | $1.87M | -$16K | $4K | $55K |
| Minority Interest | $20.3M | $21.79M | $22.23M | $16.08M | $14.79M | $12.96M | $30.08M | $30.45M | $12.68M | $44.99M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.22B | $1.23B | $1.25B | $1.38B | $1.25B | $1.09B | $854.85M | $605.64M | $461.89M | $227.32M | $65.33M | $24.75M | $4K | $12K | $55K |
| Supplementary Data | |||||||||||||||
| Total Debt | $0 | $653.59M | $624.19M | $704.65M | $579.86M | $607.62M | $395.06M | $315.01M | $203.44M | $66.53M | $63.94M | $22.24M | $0 | $0 | $0 |
| Net Debt | -$9.08M | $646.78M | $622.91M | $700.64M | $572.64M | $602.11M | $392.3M | $311.38M | $198.34M | $46.86M | $54.75M | $21.91M | -$4K | -$12K | -$47K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-08-31 | 2013-08-31 | 2012-08-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$6.88M | $6.63M | $20.61M | $20M | $18.34M | -$2.5M | $9.59M | $14.56M | -$87K | -$6.35M | -$1.61M | -$652K | -$45K | -$50K |
| Depreciation & Amortization | $58.04M | $56.08M | $59.01M | $57.66M | $47.31M | $36.82M | $25.52M | $17.96M | $10.13M | $2.33M | $660K | $129K | $0 | $50K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $963K | $0 | -$7.67M | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $4.5M | $5.1M | $4.24M | $4.68M | $5.81M | $5.32M | $3.34M | $2.67M | $1.8M | $1.68M | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | -$1.48M | $426K | -$2.97M | -$657K | -$1.6M | -$2.14M | -$2.2M | -$492K | -$212K | $3K | -$8K | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | -$1.73M | $0 | $79K | $443K | $710K | $0 | $0 | $0 | $0 |
| Accounts Payable | $3.17M | $2.98M | -$2.02M | $4.06M | $1.92M | $1.56M | $857K | $1.52M | $1.35M | -$40K | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | -$285K | -$4.09M | -$2.83M | -$5.09M | -$5.88M | -$2.49M | -$3.83M | -$3.02M | -$1.24M | $611K | $906K | $0 | $0 |
| Total Working Capital Change | $0 | $1.21M | -$5.69M | -$1.74M | -$3.82M | -$7.65M | -$3.77M | -$4.43M | -$1.71M | -$781K | $614K | $350K | $12K | $15K |
| Other Non-Cash Items | $17.95M | $1.01M | -$9.73M | -$4.06M | $1.33M | $1.56M | $1.76M | $1.75M | $1.48M | $392K | $127K | $26K | $12K | -$50K |
| Net Cash from Operating | $73.61M | $70.05M | $68.44M | $76.54M | $68.97M | $34.52M | $36.43M | $24.83M | $11.6M | -$2.72M | -$209K | -$146K | -$34K | -$35K |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | -$81.67M | -$442K | -$150.93M | -$192.25M | -$218.79M | -$254.99M | -$180.84M | -$252.22M | -$150.46M | -$32.2M | -$21.87M | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | -$5.09M | $0 | $0 | $0 | -$140K | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$2.78M | -$1.54M | $0 | -$373K | -$426K | -$798K | -$385K | $0 | $0 | $0 |
| Sales of Investments | $21.47M | $57.62M | $0 | $0 | $0 | $208K | $0 | $23.95M | $21K | $242K | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$81.87M | -$103.56M | $67.62M | $13.68M | $366K | $1.54M | -$3.21M | $5.26M | -$433K | $242K | -$32.34M | -$15K | $0 | $0 |
| Net Cash from Investing | -$60.4M | -$45.94M | $67.62M | -$137.25M | -$194.66M | -$223.67M | -$258.2M | -$151.62M | -$252.65M | -$150.36M | -$32.34M | -$21.88M | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | -$32.66M | $32.79M | -$121.94M | $10.6M | -$188.23M | -$70.94M | -$115.35M | -$136.77M | -$32.99M | -$42.29M | -$22.63M | - | - |
| Common Stock Issuance | $49.15M | $10.9M | $0 | $9.9M | $205.52M | $53.09M | $189.5M | $37.31M | $33.8M | $137.29M | $0 | $0 | $25K | $0 |
| Common Stock Repurchases | -$6M | $0 | $0 | $0 | $0 | $0 | $0 | -$263K | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$59.87M | -$59.02M | -$58.42M | -$52.5M | -$39.94M | -$29.17M | -$18.96M | -$15.23M | -$3.88M | -$256K | -$43K | $0 | $0 |
| Other Financing Activities | $42.05M | $252K | $7.15M | -$5.19M | -$8.89M | -$2.83M | -$1.33M | -$3.1M | -$3.06M | -$2.9M | -$389K | $19.58M | $0 | $0 |
| Net Cash from Financing | -$10.26M | -$21.89M | -$143.79M | $62.41M | $127.7M | $192.72M | $224.11M | $124.51M | $226.49M | $163.57M | $41.64M | $22.19M | $25K | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $2.95M | $2.22M | -$7.73M | $1.7M | $2.01M | $3.57M | $2.34M | -$2.27M | -$14.56M | $10.49M | $9.1M | $159K | -$9K | -$35K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $73.61M | $70.05M | $68.44M | $76.54M | $68.97M | $34.52M | $36.43M | $24.83M | $11.6M | -$2.72M | -$209K | -$146K | -$34K | -$35K |
| Capital Expenditure | $0 | -$95.12M | -$10.05M | -$156.2M | -$201.66M | -$218.79M | -$256.81M | -$180.84M | -$252.22M | -$150.46M | -$32.2M | -$21.87M | $0 | $0 |
| Free Cash Flow | $73.61M | -$25.07M | $58.39M | -$79.66M | -$132.69M | -$184.27M | -$220.38M | -$156M | -$240.62M | -$153.18M | -$32.41M | -$22.01M | -$34K | -$35K |
| Cash at Beginning | $8.94M | $6.72M | $14.46M | $12.76M | $10.75M | $7.18M | $4.84M | $7.11M | $19.67M | $9.18M | $89K | $4K | $12K | $47K |
| Cash at End | $11.89M | $8.94M | $6.72M | $14.46M | $12.76M | $10.75M | $7.18M | $4.84M | $5.11M | $19.67M | $9.18M | $163K | $4K | $12K |