Global Healthcare REIT Inc (PK:GBCS)

Business Focus: Healthcare REITs

Sector:  Financials Industry:  Specialized REITs
See Regulatory Filings on SEC
Company Contact
Address: 6800 N 79th St Ste 200
NIWOT CO 80503-8978
Tel: N/A
IR: See website
Key People
Zvi Michael Rhine
President, Chief Financial Officer, Director
Lance Jason Baller
Chief Executive Officer, Director
Jacob Taylor
Controller, Secretary
Business Overview
Global Healthcare REIT, Inc. operates as a real estate investment trust (REIT) for the purpose of investing in real estate and other assets related to the healthcare industry. The Company acquires, develops, leases, manages and disposes of healthcare real estate, and provides financing to healthcare providers. The Company owns approximately nine healthcare properties, which are leased to third-party operators under triple-net operating terms. The Company's approximately nine assisted-living facilities include Middle GA Nursing Home; Warrenton Nursing Home (Warrenton); Southern Hills Retirement Center; Goodwill Nursing Home; Edwards Redeemer Health & Rehab; Providence of Sparta Nursing Home; Providence of Greene Point Healthcare Center; Meadowview Healthcare Center, and Golden Years Manor Nursing Home. The Company's Southern Hills Retirement Center consists of an Assisted Living facility (ALF), an Independent Living facility (ILF) and a Skilled Nursing facility (SNF).
Financial Overview
For the nine months ended 30 September 2018, Global Healthcare REIT Inc revenues increased 13% to $2.6M. Net loss applicable to common stockholders decreased 18% to $1.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects General and Administrative decrease of 22% to $688K (expense).
Employees: 38 as of Jun 30, 2013
Reporting Currency: U.S. Dollars
Enterprise value: $44.93M as of Sep 30, 2018
Annual revenue (TTM): $3.43M as of Sep 30, 2018
EBITDA (TTM): $2.33M as of Sep 30, 2018
Net annual income (TTM): -$2.78M as of Sep 30, 2018
Free cash flow (TTM): -$0.37M as of Sep 30, 2018
Net Debt Last Fiscal Year: $35.28M as of Sep 30, 2018
Shares outstanding: 26,804,677 as of Nov 16, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization