Global Medical REIT (GMRE) Misses Q2 EPS by 1c

Global Medical REIT (NYSE: GMRE) reported Q2 EPS of $0.04, $0.01 worse than the analyst estimate of $0.05.

• Funds from Operations (“FFO”) of $0.22 per share and unit, as compared to $0.19 per share and unit in the comparable prior year period.
• Adjusted Funds from Operations (“AFFO”) of $0.23 per share and unit, as compared to $0.21 per share and unit in the comparable prior year period.
• Increased total revenue 28.1% year-over-year to $28.3 million, primarily driven by the Company’s acquisition activity.

For earnings history and earnings-related data on Global Medical REIT (GMRE) click here.

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