Global Medical REIT Past Earnings Performance
Past criteria checks 2/6
Global Medical REIT has been growing earnings at an average annual rate of 27.5%, while the Health Care REITs industry saw earnings declining at 7.1% annually. Revenues have been growing at an average rate of 19.5% per year. Global Medical REIT's return on equity is 3.6%, and it has net margins of 10.5%.
Key information
27.5%
Earnings growth rate
2.2%
EPS growth rate
| Health Care REITs Industry Growth | -12.2% |
| Revenue growth rate | 19.5% |
| Return on equity | 3.6% |
| Net Margin | 10.5% |
| Next Earnings Update | 07 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Global Medical REIT makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 141 | 15 | 50 | 0 |
| 30 Sep 23 | 144 | 16 | 51 | 0 |
| 30 Jun 23 | 144 | 21 | 50 | 0 |
| 31 Mar 23 | 142 | 11 | 48 | 0 |
| 31 Dec 22 | 137 | 13 | 47 | 0 |
| 30 Sep 22 | 131 | 17 | 43 | 0 |
| 30 Jun 22 | 126 | 12 | 40 | 0 |
| 31 Mar 22 | 120 | 13 | 37 | 0 |
| 31 Dec 21 | 116 | 12 | 36 | 0 |
| 30 Sep 21 | 111 | 9 | 33 | 0 |
| 30 Jun 21 | 106 | -5 | 33 | 0 |
| 31 Mar 21 | 99 | -7 | 30 | 0 |
| 31 Dec 20 | 94 | -8 | 26 | 0 |
| 30 Sep 20 | 89 | -8 | 20 | 0 |
| 30 Jun 20 | 82 | 3 | 16 | 0 |
| 31 Mar 20 | 77 | 4 | 15 | 0 |
| 31 Dec 19 | 71 | 3 | 14 | 0 |
| 30 Sep 19 | 65 | 9 | 13 | 0 |
| 30 Jun 19 | 60 | 9 | 12 | 0 |
| 31 Mar 19 | 57 | 8 | 11 | 0 |
| 31 Dec 18 | 53 | 8 | 10 | 0 |
| 30 Sep 18 | 49 | 0 | 9 | 0 |
| 30 Jun 18 | 43 | 1 | 8 | 0 |
| 31 Mar 18 | 37 | 0 | 8 | 0 |
| 31 Dec 17 | 30 | -2 | 8 | 0 |
| 30 Sep 17 | 24 | -3 | 7 | 0 |
| 30 Jun 17 | 17 | -6 | 7 | 0 |
| 31 Mar 17 | 12 | -6 | 5 | 0 |
| 31 Dec 16 | 8 | -6 | 4 | 0 |
| 30 Sep 16 | 6 | -5 | 3 | 0 |
| 30 Jun 16 | 4 | -4 | 2 | 0 |
| 31 Mar 16 | 3 | -3 | 1 | 0 |
| 31 Dec 15 | 2 | -2 | 1 | 0 |
| 30 Sep 15 | 3 | -1 | 1 | 0 |
| 30 Jun 15 | 3 | -1 | 1 | 0 |
| 31 Mar 15 | 2 | -1 | 1 | 0 |
| 31 Dec 14 | 2 | -1 | 1 | 0 |
| 30 Nov 14 | 1 | -1 | 0 | 0 |
| 31 Aug 14 | 0 | -1 | 0 | 0 |
| 31 May 14 | 0 | 0 | 0 | 0 |
| 28 Feb 14 | 0 | 0 | 0 | 0 |
| 30 Nov 13 | 0 | 0 | 0 | 0 |
| 31 Aug 13 | 0 | 0 | 0 | 0 |
Quality Earnings: GMRE.PRA has a large one-off gain of $14.7M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: GMRE.PRA's current net profit margins (10.5%) are higher than last year (9.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GMRE.PRA's earnings have grown significantly by 27.5% per year over the past 5 years.
Accelerating Growth: GMRE.PRA's earnings growth over the past year (11%) is below its 5-year average (27.5% per year).
Earnings vs Industry: GMRE.PRA earnings growth over the past year (11%) did not outperform the Health Care REITs industry 11%.
Return on Equity
High ROE: GMRE.PRA's Return on Equity (3.6%) is considered low.