NYSE$XRN

Global Medical REIT Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Announced fourth quarter and year-end 2019 financial results.

Global Medical REIT invested $253.5 million in 18 high-quality, medical facility acquisitions during 2019. Rental revenue for the fourth quarter of 2019 increased 42.1% period-over-period to $20.4 million.

  • Invested $253.5 million in 18 high-quality, medical facility acquisitions, that position the company for long-term growth.
  • Achieved a weighted average cap rate of 7.5% for acquisitions.
  • Grew enterprise value to $1.1 billion with stockholders’ equity of more than $500 million.
  • Portfolio was 99.8% occupied and comprised of 2.8 million leasable square feet with an annual base rent of $70.4 million as of December 31, 2019.

Headline financials

Total Revenue

$20.5M

Previous: $14.4M+42.3%
EPS (adj)

$0.21

Previous: $0.20+5.0%
WALT

8.8

No prior period
Rent Escalations

2.1%

No prior period
Net Income

$1.2M

No prior period
Operating Income

$2.7M

No prior period
Gross Profit

$18.3M

No prior period
Cash & Equivalents

$151M

No prior period
Total Assets

$885M

No prior period
Stock-Based Comp

$843K

No prior period

Revenue & EPS history

Global Medical REIT · Revenue · Quarterly

$20.5M

Q4 2019+42.3%vs Q4 2018
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

The company is excited about its prospects as it looks ahead, with a large and active pipeline.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.2%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+1.1%

Avg return

30 days after

56%

22 / 39 earnings

Positive

+7.3%

Q4 2016

Best reaction

-9.8%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-9.2%-4.2%
Q4 2025-1.6%-2.6%-13.2%
Q3 2025+1.8%+3.2%+1.7%
Q1 2025-9.8%-11.7%-17.0%
Q4 2024+3.8%+4.4%+3.1%
Q3 2024-2.6%-3.6%-7.4%
Q2 2024-1.8%-0.3%+1.0%
Q1 2024+3.4%+4.8%+8.4%
Q4 2023-5.6%-2.7%-5.7%
Q3 2023-1.8%-0.8%+11.7%
Q2 2023+3.5%+4.8%-1.5%
Q1 2023+0.8%+1.8%+1.9%
Q4 2022-4.0%-1.2%-13.0%
Q3 2022-0.9%+0.2%+12.3%
Q2 2022-0.5%-1.3%-11.0%
Q1 2022-5.3%-11.9%-12.5%
Q4 2021-3.2%-2.2%+1.9%
Q3 2021+1.6%+1.0%-2.5%
Q2 2021-0.7%-0.2%+3.7%
Q1 2021-1.2%+1.0%+5.2%
Q4 2020+1.6%+3.9%+0.2%
Q3 2020+2.0%+1.4%+7.2%
Q2 2020+4.8%+11.4%+11.6%
Q1 2020+7.0%+9.3%+26.0%
Q4 2019+4.7%-7.2%-41.1%
Q3 2019+2.3%+9.5%+22.4%
Q2 2019-0.7%+1.8%+5.0%
Q1 2019+1.4%+4.5%+7.1%
Q4 2018+0.8%+2.6%-2.0%
Q3 2018+2.2%+2.0%+6.4%
Q2 2018+4.3%+6.7%+12.2%
Q1 2018+2.6%-0.1%+4.6%
Q4 2017+5.8%+6.3%+3.9%
Q3 2017+3.1%+3.7%-2.8%
Q2 2017+0.7%+2.8%+2.8%
Q1 2017-1.2%+0.0%+0.3%
Q4 2016+7.3%+9.3%+17.1%
Q3 2016-8.5%-14.9%-0.2%
Q2 2016+1.1%+2.3%-5.0%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2011
Q4 2011

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