NYSE$XRN

Global Medical REIT Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and invested $196 million in medical real estate during 2021.

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.

Headline financials

Total Revenue

$30.3M

Previous: $24.9M+21.8%
EPS (adj)

$0.24

Previous: $0.24+0.0%
WALT

7.1

Previous: 8.2-13.4%
Net Income

$3.8M

Previous: $1.1M+245.5%
Operating Income

$4.4M

Previous: $2.6M+69.2%
Gross Profit

$25.8M

Previous: $22.3M+15.7%
Cash & Equivalents

$2.11M

Previous: $85M-97.5%
Total Assets

$1.37B

Previous: $1B+37.0%
Stock-Based Comp

$1.24M

Previous: $1.93M-35.6%

Revenue & EPS history

Global Medical REIT · Revenue · Quarterly

$30.3M

Q4 2021+21.8%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

The company expects to reinvest the sales proceeds in 2022 for future acquisitions.

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 2021

Historical avgQ4 2021

+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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