Global Medical REIT (NYSE: GMRE) reported Q4 EPS of ($0.06), $0.02 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $3.1 million versus the consensus estimate of $2.94 million.

2016 Fourth Quarter Highlights (all comparisons are to the same quarter in the prior year unless otherwise noted)

• Total revenue increased to $3.1 million from $0.7 million.
• Net loss increased to $(1.9) million from $(0.8) million.
• Funds from Operations (“FFO”) of $(0.06) per share.
• Adjusted Funds from Operations (\"AFFO\") of $0.06 per share.
• Occupancy rate of 100% at both December 31, 2016 and December 31, 2015.
• During the fourth quarter, the Company completed the acquisition of an additional 13 facilities containing a total of 289,724 square feet of gross leasable area for an aggregate purchase price of approximately $81.4 million.
• On December 14, 2016, the Company declared a quarterly cash dividend of $0.20 per share of common stock to stockholders of record as of December 27, 2016 and to the holders of the Company’s long-term incentive plan units that were granted on July 1, 2016 and December 21, 2016. On an annualized basis, this amounts to a dividend of $0.80 per share, or an 8.97% dividend yield based on the closing price of the Company’s common stock of $8.92 per share on December 30, 2016.
• On December 5, 2016, the Company announced an initial agreement with BMO Harris Bank N.A. and syndicate members for a $75 million secured credit facility plus a $125 million accordion feature for a total commitment of $200 million. On March 6, 2017, the Company announced that it had entered into an amended secured credit facility agreement with an increased base commitment amount of up to $200 million plus an accordion feature of up to $50 million, bringing the total commitment under the secured credit facility to $250 million.

2016 Full Year Highlights (all comparisons are to prior year unless otherwise noted)

• Total revenue increased to $8.2 million from $2.1 million.
• Net loss increased to $(6.4) million from $(1.6) million.
• FFO of $(0.43) per share.
• AFFO of $(0.03) per share.
• As of December 31, 2016, the Company’s property portfolio included 31 buildings with gross leasable area of 664,879 square feet, compared to December 31, 2015, when the Company owned 9 properties with gross leasable area of 129,412 square feet.

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