GMRE Q1 2023 Earnings — Global Medical REIT Inc. Revenue & Financial Results | Market Cap Arena

GMREGlobal Medical REIT Inc.

$478M

Q1 2023 Earnings

Real Estate REIT - Healthcare Facilities

Income Statement

Revenue

$36M+13.7% YoY

Gross Profit

$29M79.2% margin

Operating Income

$10M27.6% margin

Net Income

$2M5.9% margin

EPS (Diluted)

$0.81

QoQ Revenue Growth

-0.2%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$15M

Stock-Based Comp.

$688,000

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$741M

Stockholders' Equity

$613M

Cash & Equivalents

$23M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$36M	$32M	+13.7%
Gross Profit	$29M	$27M	+8.3%
Operating Income	$10M	$9M	+9.6%
Net Income	$2M	$4M	-48.3%