Newest figures come from the 10-Q for Q1 FY2026, filed May 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GMRE SEC filings page.
Global Medical REIT Inc. (GMRE) reported $151.7M in revenue over the twelve months to Mar 31, 2026, up 9.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Global Medical REIT’s dominant mechanic is property-driven cash generation that remains positive while depreciation, interest, and balance-sheet pressure suppress reported earnings.
Cash conversion diverged from accounting profit in FY2025: operating cash flow was$73.6M even as net income was negative. Depreciation of$58.0M helps explain why a property-heavy asset base can produce cash while reported earnings remain weak; the gap is an earnings-quality issue, not a revenue-growth story.
Revenue increased
In FY2025, liabilities rose
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Global Medical REIT Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Global Medical REIT Inc. scores 74/100 on it among other REITs.
FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Global Medical REIT Inc. scores 23/100 on it among other REITs.
Not available for Global Medical REIT Inc., and counted as zero in the overall score.
Not available for Global Medical REIT Inc., and counted as zero in the overall score.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Global Medical REIT Inc. scores 77/100 on it among other REITs.
Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Global Medical REIT Inc. scores 98/100 on it among other REITs.
Global Medical REIT Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Global Medical REIT Inc. reported a net loss of $6.9M while generating $73.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Global Medical REIT Inc. generated $38.1M in revenue in Q1 2026. This represents an increase of 10.0% from the same quarter a year earlier. Against the prior quarter it is down 0.9%.
Global Medical REIT Inc. reported $1.7M in net income in Q1 2026. This represents a decrease of 55.7% from the same quarter a year earlier. Against the prior quarter it is up 126.9%.
Not reported for Q1 2026.
Cash & Balance Sheet
Global Medical REIT Inc. held $8.2M in cash as of Q1 2026; long-term debt is not reported for that period.
Not reported for Q1 2026.
Not reported for Q1 2026.
Margins & Returns
Global Medical REIT Inc.'s net profit margin was 4.3% in Q1 2026, showing the share of revenue converted to profit. This is down 6.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 20.4 percentage points.
Global Medical REIT Inc.'s ROE was 0.3% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.5 percentage points.
Not reported for Q1 2026.
Not reported for Q1 2026.
Capital Allocation
None of these metrics is reported for Q1 2026.
GMRE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $38.1M+10.0% | $38.4M+9.2% | $37.2M+8.7% | $38.0M+10.9% | $34.6M-1.4% | $35.2M+6.7% | $34.3M-3.5% | $34.2M-5.8% |
| SG&A Expenses | $5.1M+40.6% | $5.5M-28.7% | $4.9M+10.9% | $6.0M+31.3% | $3.6M-18.6% | $7.7M+82.6% | $4.4M+0.3% | $4.6M+2.8% |
| Interest Expense | $7.2M+0.9% | $8.4M+11.0% | $8.2M+13.0% | $8.0M+14.5% | $7.2M+4.0% | $7.6M+8.4% | $7.2M+0.9% | $7.0M-17.4% |
| Net Income | $1.7M-55.7% | -$6.1M-309.2% | -$5.1M-249.2% | $585K+130.0% | $3.7M+61.5% | $2.9M+433.4% | $3.4M-29.8% | -$2.0M-113.8% |
| EPS (Basic) | -$0.06-137.5% | N/A | -$0.45-421.4% | -$0.01+80.0% | $0.16+1500.0% | N/A | $0.14+180.0% | -$0.05-127.8% |
| EPS (Diluted) | -$0.06 | N/A | -$0.45 | -$0.01+80.0% | $0.16 | N/A | $0.14 | -$0.05 |
| Diluted Shares (Avg) | 13M | N/A | 13M | 67M+2.0% | 13M | N/A | 13M | 66M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax.
GMRE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B-2.5% | $1.2B-1.1% | $1.3B+2.5% | $1.3B+4.5% | $1.3B+0.5% | $1.3B-0.9% | $1.2B-4.6% | $1.2B-6.0% |
| Cash & Equivalents | $8.2M+51.2% | $9.1M+33.3% | $7.1M+24.5% | $6.6M+32.2% | $5.4M+306.0% | $6.8M+433.3% | $5.7M+346.8% | $5.0M+102.4% |
| Accounts Receivable | $6.8M-16.1% | $7.2M-2.7% | $7.9M-2.2% | $7.8M-3.1% | $8.1M+4.7% | $7.4M+9.8% | $8.1M+7.9% | $8.1M+9.4% |
| Goodwill | $5.9M0.0% | $5.9M0.0% | $5.9M0.0% | $5.9M0.0% | $5.9M0.0% | $5.9M0.0% | $5.9M0.0% | $5.9M0.0% |
| Total Liabilities | $717.4M-1.9% | $712.4M+1.7% | $767.4M+13.2% | $771.9M+16.5% | $731.5M+9.7% | $700.6M+5.8% | $678.0M+1.4% | $662.8M-2.4% |
| Long-Term Debt | N/A | $1.2M-92.0% | $1.2M-92.1% | $14.2M-3.5% | $14.3M-44.6% | $14.4M | $14.5M | $14.7M |
| Total Equity | $500.2M-3.3% | $509.8M-4.6% | $485.3M-10.6% | $503.2M-9.6% | $517.4M-10.0% | $534.1M-8.5% | $542.6M-11.3% | $556.4M-10.2% |
| Retained Earnings | -$360.6M-18.0% | -$350.0M-19.1% | -$332.6M-18.3% | -$316.5M-17.7% | -$305.7M-21.3% | -$293.7M-22.9% | -$281.1M-25.3% | -$268.9M-25.8% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Long-Term Investments, Current Liabilities, Non-Current Liabilities.
GMRE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $13.4M+8.8% | $21.6M+5.4% | $17.6M+7.8% | $22.1M+17.0% | $12.3M-14.1% | $20.5M+13.2% | $16.3M-2.2% | $18.9M+5.9% |
| Depreciation & Amortization | $14.5M+6.7% | $21.9M+5.3% | $11.2M+12.2% | $11.3M+11.7% | $13.6M-2.7% | $20.8M-7.6% | $10.0M-1.1% | $10.1M-3.3% |
| Stock-Based Compensation | $1.2M+713.9% | N/A | $1.2M-5.3% | $1.7M+31.0% | $151K-87.8% | N/A | $1.3M+7.5% | $1.3M+15.0% |
| Investing Cash Flow | -$9.8M+63.8% | $6.7M+134.6% | -$703K+97.2% | -$39.2M-2297.5% | -$27.2M-902.4% | -$19.5M-526.9% | -$25.5M-550.0% | $1.8M-97.1% |
| Financing Cash Flow | -$4.4M-132.6% | -$26.3M-17310.5% | -$16.2M-277.4% | $18.7M+190.4% | $13.6M+229.6% | $153K+101.0% | $9.2M+137.4% | -$20.7M+75.4% |
| Dividends Paid | $10.9M+651.8% | $1.5M0.0% | $1.5M0.0% | $1.5M0.0% | $1.5M0.0% | $1.5M0.0% | $1.5M0.0% | $1.5M0.0% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
GMRE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 4.3%-6.4pp | -16.0%-24.4pp | -13.6%-23.5pp | 1.5%+7.2pp | 10.8%+4.2pp | 8.4%+6.7pp | 9.9%-3.7pp | -5.7%-44.7pp |
| Return on Equity | 0.3%-0.4pp | -1.2%-1.8pp | -1.0%-1.7pp | 0.1%+0.5pp | 0.7%+0.3pp | 0.5%+0.5pp | 0.6%-0.2pp | -0.4%-2.6pp |
| Return on Assets | 0.1%-0.2pp | -0.5%-0.7pp | -0.4%-0.7pp | 0.1%+0.2pp | 0.3%+0.1pp | 0.2%+0.2pp | 0.3%-0.1pp | -0.2%-1.2pp |
| Debt-to-Equity | 1.43+1.4x | 0.000.0x | 0.000.0x | 0.030.0x | 0.030.0x | 0.03-1.1x | 0.03-1.1x | 0.03-1.1x |
| Asset Turnover | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Global Medical REIT Inc. GMRE | FY2025 | $148.2M | -$6.9M | -4.6% | $979.8M | 45/100 |
| Diversified Healthcare Trust DHC | FY2025 | $1.5B | -$285.9M | -18.6% | $1.8B | 6/100 |
| Sila Realty Trust, Inc. SILA | FY2025 | $197.5M | $33.1M | 16.8% | $1.7B | 42/100 |
| Strawberry Fields REIT, Inc. STRW | FY2025 | $155.0M | $7.6M | 4.9% | $195.7M | 65/100 |
| LTC Properties, Inc. LTC | FY2025 | $262.9M | $123.9M | 47.1% | $2.3B | 58/100 |
| Universal Health Realty Income Trust UHT | FY2025 | $99.2M | $17.6M | 17.8% | $561.5M | 55/100 |
Where Global Medical REIT Inc. Ranks
Frequently Asked Questions
What is Global Medical REIT Inc.'s annual revenue?
Global Medical REIT Inc. (GMRE) reported $148.2M in total revenue for fiscal year 2025. This represents a 6.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Global Medical REIT Inc.'s revenue growing?
Global Medical REIT Inc. (GMRE) revenue grew by 6.8% year-over-year, from $138.8M to $148.2M in fiscal year 2025.
Is Global Medical REIT Inc. profitable?
No, Global Medical REIT Inc. (GMRE) reported a net income of -$6.9M in fiscal year 2025, with a net profit margin of -4.6%.
How much debt does Global Medical REIT Inc. have?
As of fiscal year 2025, Global Medical REIT Inc. (GMRE) had $9.1M in cash and equivalents against $1.2M in long-term debt.
What is Global Medical REIT Inc.'s net profit margin?
Global Medical REIT Inc. (GMRE) had a net profit margin of -4.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Global Medical REIT Inc.'s return on equity (ROE)?
Global Medical REIT Inc. (GMRE) has a return on equity of -1.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Global Medical REIT Inc.'s operating cash flow?
Global Medical REIT Inc. (GMRE) generated $73.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Global Medical REIT Inc.'s total assets?
Global Medical REIT Inc. (GMRE) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Global Medical REIT Inc.'s debt-to-equity ratio?
Global Medical REIT Inc. (GMRE) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Global Medical REIT Inc.'s return on assets (ROA)?
Global Medical REIT Inc. (GMRE) had a return on assets of -0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Global Medical REIT Inc.'s Piotroski F-Score?
Global Medical REIT Inc. (GMRE) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Global Medical REIT Inc.'s earnings high quality?
Global Medical REIT Inc. (GMRE) reported a net loss of $6.9M while generating $73.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Global Medical REIT Inc.?
Global Medical REIT Inc. (GMRE) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.